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Level 6
March 11, 2022
Question

Penalty payment instruction

  • March 11, 2022
  • 3 replies
  • 7 views

When a client has a refund but has penalty, the tax return does not produce a voucher to pay the penalty or is this already accounted for? 

Is there a voucher that I can select to print? 

thanks

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3 replies

IRonMaN
Level 15
March 11, 2022

The penalty is subtracted from the refund amount.

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
March 11, 2022
Follow the money. If they have a refund you should be able to se right on the 1040 that the refund has been adjusted for any penalty.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 6
March 11, 2022

hey everyone, thanks for the reply. sorry i could not retract the question, but knew it was accounted for, somehow I doubted it, since I had multiple clients looking for voucher for penalty. thanks again.

BobKamman
Level 15
March 11, 2022

I hope all those ES penalties are more than $100