I'm using TurboTax Premier for 2021 tax returns. If you pay IL est. tax on 1/18/2022, Form 2210's calculations show it as being made one day late because the form incorrectly shows a due date of 1/17/2022.
You didn't read my post carefully. Yes, 1/18/2022 is the correct due date for estimated tax payments (both Illinois and Federal) -- but in TurboTax Premier, IL Form 2210 is incorrect and incorrectly calculates a penalty if one pays the IL estimated tax on 1/18/2022. The IL Form 2210 in TurboTax Premier shows a due date of 1/17/2022, and thus incorrectly determines that a payment made on 1/18/2022 is one day late and thus gives rise to a penalty.
Intuit needs to correct this!
The IL form 2210 will not be fully functional until 1/27 with the rest of the IL forms ... you cannot even efile it yet ... https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_il_windows_individual.html
Yes, I know that the IL income tax forms aren’t yet finalized and can’t be filed yet. My original question was intended to point out the error in the hope that it’ll be fixed.
What I don’t understand is why this error is there, in the first place. The correct estimated-tax payment due dates — including the Jan. 18, 2022 due date (both federal and IL state) — have been known well in advance. However, in TurboTax Premier the IL Form 2210 (calculation of penalty for underpayment, which includes late payment) incorrectly shows a due date of Jan. 17, 2022.
We will take a closer look at this issue, and it should be corrected with a future update.
This issue has still not been corrected. Megapixels18 is correct in all their posts about the incorrect date on line 9a of IL Form 2210. It should be 01/18/22 not 01/17/22 and there is NO WAY to override it.
From the instructions for IL 2210:
Line 9a - For each quarter, enter the date that corresponds with the
15th day of the 4th, 6th, and 9th month of your tax year and the 15th
day of the first month following the end of your tax year. If this date
falls on a weekend or holiday, use the next business day.
01/15/22 was a weekend day, 01/17/22 was a holiday, 01/18/22 was the due date for the 4th quarter installment.
A work around for this issue is to fib and say you made your 4th quarter IL installment on 01/17/22. Then there will not be a late penalty calculation. This is not the best solution but TurboTax software development does not seem be in any hurry to correct their error.
@AkinaLO, more than a month ago you said this issue would be fixed in a future update. How much longer do we have to wait? This error is preventing me from filing.
@AkinaLO When will this issue be corrected. It has been open since Jan 17, 2022. Holding up filing of taxes. Very disappointed in INTUIT at unwillingness to quickly fix a SOFTWARE BUG.