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disaster penalty relief

OrionHunter
Level 1

How do I suspend penalty calculations for underpayment of taxes due to disaster relief?

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2 Comments 2
IRonMaN
Level 15

Entering zero for prior year tax on the 2210 should take care of the issue.  Actually isn't that a -1 for Lacerte? 😀


Slava Ukraini!
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OrionHunter
Level 1

The penalty relief only applies from 9/10/24 to 2/3/25.  It is available for the entire state of Louisiana.  I (and Lacerte) have calculated penalties on the return, but now the client is getting refunds from the IRS due to overcalculated penalty.  

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