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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- EFW to pay self-assessed penalty/interest?
EFW to pay self-assessed penalty/interest?
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User1463
Level 1
04-07-2024
11:33 PM
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For convenience, client wishes to self-assess failure to file penalty and interest for an overdue return. In ProSeries, this amount is correctly calculated and shown on page 2. The 1040-V voucher also shows the penalty/interest if the e-file option is *not* checked. However, if e-file is checked, I am limited to debiting the tax due (as shown on the 8879) and am instructed not to increase the EFW debit amount by more than the tax due.
Does this mean that ProSeries does not allow for EFW to pay self-assessed penalties/interest? Any guidance would be appreciated. Thank you.
1 Comment 1
Just-Lisa-Now-
Level 15
04-08-2024
07:25 AM
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Have them make payment at IRS DirectPay, they can make the amount whatever they'd like.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
