I'm working through the state 1120S form and I get to a certain point and TurboTax notifies me they've calculated that I have an underpayment of $40, in additional to the annual fee of $800.
There's no explanation of why this is owed. Please help?
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I have the same issue, Turbotax Business told me that I owe an underpayment penalty based on my input on 2020, S-Corp pass K1 to owner, why there is an underpayment penalty? Is it somewhere I input wrong?
Thanks for your help.
anyone could help for this issue? ready to file now.
thanks
anyone could help for this issue?
thanks
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