IRS Form 2210

Forum|Forum|10 months ago
May 21, 2025
2 replies
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My 2024 Federal Tax was accepted by IRS after submission through TurboTax before 4/15/2025.

I have since received a notice from IRS saying: "We reviewed your estimated tax penalty computation for the tax period ended 2024, and found an error. Our correction of this error increased the penalty to $xxxx."

The instructions provide further for removal or reduction of penalties requires me to file a Form 2210 with corrected calculations or reasons for waiver of the penalty. However, I cannot access Form 2210 with TurboTax. It says that I do not have to file that form.

Please provide guidance on how to access Form 2210.

Thanks.

JotikaT2

First, follow these steps to get back into your 2024 tax return. Then, see how do I add Form 2210? for steps to add the form into your tax return.

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vmuralidAuthor

The proposed solution does not enable access to Form 2210.

It says:

No underpayment penalty.

Based on the entries you don't have a penalty for underpayment of estimated taxes.

Do you want to review the estimated taxes topic.

On selecting Yes to this, TurboTax shows the question:

Farmers and Fishers

Was at least two-thirds of your gross income in 2024 or 2024 from farming of fishing?

Possible Penalty Exception

Since you 2023 tax liability was zero you might be able to avoid some or all of a penalty this year if you can answer yes to both of these questions.

Did your 2023 return cover a full 12-month period? Or, if you didn't file last year, would it have covered 12 months had you filed?
Were you a U.S. citizen or resident in 2023?

When I answer Yes to both questions it loops back to the first screen: No underpayment penalty.

Clearly there is a mistake in either TurboTax calculations of underpayment penalty or IRS's calculation. Please advise how to handle this problem.

DoninGA

Employee

Look at your Form 1040 on Line 38. If there is not an estimated tax penalty entered then you will not have access to Form 2210 in the TurboTax program.

Mike9241

did you pay estimates by mail and drop them into a PO box on the due date. Then the USPS may not have processed it to the following day using that date as the postmark. then per the iRS the payment is late. Another possibility is you estimate was timely postmarked but the clerk entering the payment in the system may not have used to PM date. In short you need the IRS calculation to see what happened.