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Level 2
February 2, 2023
Question

IL-2220 software errors

  • February 2, 2023
  • 1 reply
  • 10 views

Have noticed software errors for the S-Corporation Illinois Form IL-2220 in LaCerte.

The Illinois estimates paid in are not showing up as payments in Step 4 of the Form.  Also, the prior year overpayment credited to 2022 is not being applied against the unpaid balance in the "Penalty Worksheet 1".   This results in a estimated tax penalty that is greater than it should be.   

Any idea when LaCerte will be correcting the software? 

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1 reply

Level 2
March 10, 2023

We just noticed the same issue.  Have you found any resolution or workaround to this problem?

 

PaulPAuthor
Level 2
March 10, 2023

Where applicable, have forced penalty to 0 and letting IL calculate the penalty.  Or calculating the penalty manually and forcing to that amount.  Be sure to to pay enough with return to cover the penalty and take it into consideration for calculating estimates for 2023.