1040-US: Late payment penalty is not calculating for clients on extension

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Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

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Reg. 301.6651-1(c)(3) states that if the balance due is less than 10 percent of the total tax on the return for taxpayers granted an automatic six-month extension, then the failure to pay penalty is waived.

Related topics: Extension FAQs

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