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Level 5
March 12, 2023
Question

Waive underpayment penalties of estimated tax

  • March 12, 2023
  • 1 reply
  • 15 views

How do I waive underpayment penalties of estimated tax for a first year S-Corporation tax return?  Any advice would be appreciated.

 

Much thanks everyone!

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1 reply

sjrcpa
Level 15
March 12, 2023

What kind of tax is subject to underpayment penalty for an S Corp?

The more I know the more I don’t know.
PPECPAAuthor
Level 5
March 12, 2023

State Tax, not Federal.  

Level 15
March 12, 2023

I suspect that would be in the State portion of the program, but you haven't told us what State so I'm not sure if anybody can guide you further.