Get your taxes done using TurboTax

markcnewkirk · ‎March 23, 2025

I read this thread with some interest as I retired in 2024 and found myself in similar circumstances. I downloaded and perused the instructions for FORM2210. In that document under the Waiver of Penalty section I found the text excerpted below:

Waiver of Penalty

If you have an underpayment, all or part of the penalty for that underpayment will be waived if the IRS determines that:

In 2023 or 2024, you retired after reaching age 62 or became disabled, and your underpayment was due to reasonable cause (and not willful neglect); or

This leads me to believe those finding themselves in an "under withheld" situation will be forgiven if they bring the fact that they retired to the attention of the IRS by amending page 1 of FORM2210 and some sort to explantory note to their returns.

Question 1: Is that true

Question 2: Are these important, from an underpayment penalty perspective, captured by the TurboTax software? If not why not?

Question 3: Does TurboTax electronic filing support attachment of said explanatory form? and if so how?

Mark C. Newkirk

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