How do I apply penalty and interest to a Federal 1040 return

[Amante]

I have a client that owes Federal tax of which I need to apply penalty and interest before I E-File the return. I am still a novice with the Pro Series Basic and I would appreciate assistance in this matter.

Carol Ann Amante CPA

[Just-Lisa-Now-]

I always just let IRS send a bill.

I know there were issues earlier this summer, that it wouldnt allow a direct debit payment to include the interest and penalty, it would only take the tax due amount...not sure if that ever got addressed.

[IRonMaN]

I also let the IRS just send a bill later.  Who knows, the IRS may forget to send a billing and your client maybe will safe a couple of bucks.

[Accountant-Man]

Go to the line with the tax dur and click on the penalty and interest box.

[Amante]

Thank-you for your input - I looked at the Underpayment worksheet which I would have to figure out the penalty & interest. So I decided to let the IRS send a letter with the penalty and interest calculated.

Carol Ann