Why is their a penalty on 1040 form?

[sjrcpa]

Underpayment of estimated tax?

Premature distribution from IRA/pension?

What type of penalty?

[Just-Lisa-Now-]

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

[George4Tacks]

Probably because it should be there.

https://proconnect.intuit.com/community/proseries-discussions/discussion/should-their-be-a-penalty-o...

https://proconnect.intuit.com/community/proseries-discussions/discussion/should-their-be-penalty-on-...

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

[IRonMaN]

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

[abctax55]

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

[IRonMaN]

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

[Accountant-Man]

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

Is their nasally voice a penalty for being annoying?

WHAT?

[abctax55]

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.