- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
When i initially went through the process it told me that I would to have to pay at penalty, but I would still need to fill out Form 2210 anyways, which it appeared it had filled in for me as expected, but unfortunately when i went to review for errors the below screen shot popped up...is it true that the program is simply not calculating as it should?
Do i need to add all my income up and try to subtract all the deductions and spread them out over the quarters on the annualized income part? I just not sure if how I do this and if it would be correct. I would hate to find myself entering the wrong calculations and end up in trouble...or under or overpay.
For clarification I make quarterly estimated payments, but my wife is a W2. Unfortunately she only had $77 of FIT withheld from her part time job of earned income of 26K. Unfortunately she did not have the right W4 selections :( and this was not caught until it was too late.
Thank you for the help. RobertB4444