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Level 2
October 19, 2023
New

form 8879

Related products:ProSeries
  • October 19, 2023
  • 2 replies
  • 6 views

I received to many return calls from clients asking questions why the Form 8879 liability does not match what is owed per the tax return, thus they question what amount will be drawn from their bank accounts.  Can a line be created to include penalties and interest on the form? 

2 replies

sjrcpa
Level 15
October 20, 2023

The form is per IRS specs

The more I know the more I don’t know.
Level 3
October 20, 2023

The IRS requires that the amount only includes the tax balance due, not penalties or interest.