Level 1

Question

Why is their a penalty on 1040 form?

Forum|Forum|6 years ago
April 30, 2020
8 replies
6 views

No text available

ProSeries Professional

This topic has been closed for replies.

sjrcpa

Level 15

Underpayment of estimated tax?

Premature distribution from IRA/pension?

What type of penalty?

The more I know the more I don’t know.

Just-Lisa-Now-

Intuit Community Champion

Thats a question a professional preparer should be able to answer by reviewing the return.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

George4Tacks

Level 15

Probably because it should be there.

https://proconnect.intuit.com/community/proseries-discussions/discussion/should-their-be-a-penalty-on-1040-return/01/81467#M45799

https://proconnect.intuit.com/community/proseries-discussions/discussion/should-their-be-penalty-on-owing-money-to-irs/01/81464#M45796

If you want a REAL answer, share more information as to what flavor the penalty is.

Answers are easy. Questions are hard!

IRonMaN

Level 15

You keep asking basically the same question, but never provide any details. You have two choices right now:

1. Provide more details

or

2. Quit asking the question

Slava Ukraini!

abctax55

Level 15

In my practice "their" is never a penalty of any kind.

HumanKind... Be Both

IRonMaN

Level 15

I wonder if we have made the jump from Tax Slayer. 😀

Slava Ukraini!

Accountant-Man

Level 13

Is their WHAT a penalty? Is their hair a penalty for bad looks?

Is their nasally voice a penalty for being annoying?

WHAT?

** I am "Elevating with Intention!"

abctax55

Level 15

HEY... no hair comments please. I have (normally) short hair but the quarantine has me thinking I might grow it out for the first time in decades; the transition is not my most attractive look.

This weekend's project is to cut my husband's hair. I'm not sure I could ever get soooo desperate as to let him cut mine.

HumanKind... Be Both

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