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Where is Form 2210, since Turbo Tax has calculated an estimated tax penalty?
Where is Form 2210: Underpayment of Estimated Tax by Individuals, Estates, and Trusts?? And the Form 2210 Underpayment Penalty Worksheet? Turbo Tax 2024 calculated a penalty of $6, so there should be a worksheet to show how it was calculated.
Turbo Tax calculated this estimated tax underpayment penalty because I did not pay the 1st quarter estimated tax payment on time. Turbo Tax says the penalty is $6. Is this the actual penalty? Or is it a Turbo Tax estimate? After Turbo Tax submits it to the IRS, does the IRS go with the Turbo Tax calculation? Or does the IRS re-calculate it and take a different amount from the refund?
‎January 20, 2025
10:07 PM