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LindaS5247
March 20, 2023

Use Form 2210 to determine the amount of underpaid estimated tax and resulting penalties as well as for requesting a waiver of the penalties. You may need this form if:

 

  • You're self-employed or have other income that isn't subject to withholding, such as investment income.
  • You don't make estimated tax payments or paid too little.
  • You don't have enough taxes withheld from your paycheck.


Who must file Form 2210?

Form 2210 can be used as a worksheet and doesn't need to be filed with your tax return in many cases. It can be used to determine if there is a penalty and you may be able to leave Form 2210 off your return and have the IRS calculate your penalty and send you a bill if there is one.


IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year.


Click here for additional information on Form 2210.


Click here for how to add Form 2210 in TurboTax.
 

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