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Penalty payment instruction

dbtaxsolutions
Level 4

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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4 Comments 4
IRonMaN
Level 15

The penalty is subtracted from the refund amount.


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15
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♥¸¸.•*¨*•♫♪
dbtaxsolutions
Level 4

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

I hope all those ES penalties are more than $100

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