Hello,
I really appreciate the reply and I understand the answer to both answers.
That being said, I'm interested (if you know), why a similar solution to the Estimated Payments penalty tool within TurboTax Desktop edition cannot also be duplicated for figuring out interest on late payments?
Based on the following article on your website, the quarterly interest rates seem to always be known in advance: What Are the IRS Interest Rates for Late Tax Payments or Refunds?
Therefore, why couldn't they be factored into the software itself (such as by means of a later update to it), and thus be added to the final amount due? Is this a software limitation, or is it simply company policy for whatever reason?
I'm genuinely interested in finding out. Not trying to be "smart" or difficult. This just seems to me like a very useful and beneficial tool to actually add to future additions of the software.
Thank you.
