penalty worksheet

Forum|Forum|3 years ago
April 21, 2023
6 replies
15 views

line 9a on the 1040 late penalties & interest worksheet is WRONG---THE RATE 5% PER MONTH NOT 25%--PLEASE HANDLE ; BEEN A CUSTOMER FOR A VERY TIME--I NEED THIS FIXED ASAP!

Defects

This topic has been closed for replies.

T

TaxGuyBill

Level 15

I'm showing the same error in the program.

Skylane

Intuit Community Champion

@1569 please help.

@tennessee Not that it’s any consolation, but the IRS generally recalculates and returns (with interest)….. i likely have a few that I didn’t bother to check in that position. If not transmitted, I’d edit and correct. sometimes you just rely on the expensive software to be correct

If at first you don’t succeed…..find a workaround

PATAX

Level 12

@Skylane 👍

Intuitjhaze

Level 5

Hi @tennessee @TaxGuyBill @Skylane thanks for flagging this issue to us. We'll share this with the team asap.

F

Frustrated-in-IL

Level 8

I NEED THIS FIXED ASAP!

That ain't gonna happen. I would suggest overriding the amount.

Skylane

Intuit Community Champion

@Intuitjhaze Hey,Z…. @Just-Lisa-Now- reported a similar issue with the penalty worksheet on 3/2… you replied and I thought it had been resolved… seems like it was a somewhat different issue but same worksheet…. I checked a couple penalties at the time but they involved incorrect estimated payment date calculations that seemed to have been fixed…. Fix one break another?

If at first you don’t succeed…..find a workaround

Sign up

Login with SSO

Let's get you signed in

Login with SSO