Overpayment - Applied Penalty
I understand we should review all returns while processing, but it can be tedious to go back and review this part for every single one. Since the return has a line item for amount applied to penalty, is there a way to get that category added? We had a return that had an amount for a penalty applied from overpayment, and the remaining overpayment applied to estimated taxes. The penalty amount showed as a refund which was confusing to the client. Technically it's not an overpayment applied to next year, rather applied to a penalty.