When will update to address IRS Notice 2019-25 be available including Form 2210 waiver request for underpayment penalty?
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1 Best answer
ChristieB
New Member
Jun 3, 2019 12:09:16 PM
The changes to Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, are scheduled to be updated in a release currently planned for March 29, 2019.
Your screen name ends in cpa. Are you a tax preparer?
murphcpa
New Member
Jun 3, 2019 12:09:14 PM
I am a retired(for 10 years) CPA only preparing returns for my family members now.
murphcpa
New Member
Jun 3, 2019 12:09:15 PM
IRS has lowered the waiver allowance from 85% to 80% for underpayment penalty relief. My son in law has a $389 penalty under the 85% rule but no penalty under new 80% rule.
ChristieB
New Member
Jun 3, 2019 12:09:16 PM
The changes to Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, are scheduled to be updated in a release currently planned for March 29, 2019.