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February 19, 2024
Question

Form 2210 did not generate but TurboTax software calculated an underpayment penalty

  • February 19, 2024
  • 1 reply
  • 0 views

I underpaid my estimated tax this year due to unforeseen circumstances and was expecting a penalty. Anyway, i just now did my tax return on TurboTax and it calculated a penalty of $8.00 (Line 38, Form 1040). The IRS website says if you calculate a penalty, a Form 2210 is required. But Form 2210 was not included on with the TurboTax generation of my tax return nor did i find it in one of the worksheets. I would prefer to pay the penalty up front with the Form 2210 instead of having them calculate it. But why did the TT software not produce a Form 2210? Also, if it's $8 only, i won't try to request a waiver.  

    1 reply

    JohnB5677
    February 19, 2024

    It sounds like the 2210 was prepared , and paying the $8 will satisfy the IRS as full payment. 

    However, please check these conditions

     

    • What software do you have?
      • Desktop/CD
      • Online
    • If you have Desktop
      • Go to FORMs mode
      • Scan for Form 2210
      • Select it and see how it is posted.
    • If you have the Online version
      • On the left sidebar

    As an alternative you can go to the main menu.

     

                

     

    1. Select Tax Tools
    2. On the drop-down select Tools
    3. There will be 4 green boxes
    4. Select Topics Search
    5. Type 2210
    6. You can then see what is posted to the 2210

     

     

     

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    MikeF2Author
    February 19, 2024

    Thanks for that. Found 2210. But when i print it out (to PDF) it only prints the 1st page of the form. Do you know why it won't print the 2nd page?

    JohnB5677
    February 19, 2024

    Please clarify your question.

    • What software do you have?
      • Desktop/CD
      • Online
    • In both cases, you should be able to view the entire document
    • There may be something in the printer settings that will only print the first page.

    Please contact us again with more details

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