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1041 estimate tax penalties tax year 2024

Emmabob
Level 2

Has anyone been receiving what appears to be incorrect underpayment of estimated tax penalty letters on Forms 1041 for tax year 2024?  We are on about our 6th one.

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2 Comments 2
sjrcpa
Level 15

Yes, it's a thing now. Several reports on another forum I frequent. Supposedly IRS is aware of their error.


The more I know the more I don’t know.
Emmabob
Level 2

Managed to get ahold of an agent today who said the same thing.  She found out about it yesterday.  Had 3 more notices sent to me today.   Said file Form 843 to deal with the problem for now.

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