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Kansas Underpayment Penalty
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MykMiller
Level 2
02-17-2024
10:39 AM
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My client has an S-Corp that has elected to pay the Kansas Tax for the Shareholders. On their personal return, the credit for the tax paid is more than the prior year liability. There should be no penalty but it is computing a penalty. Seems like the computation on the form is not including the line showing the tax paid on K-120S.
