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Get your taxes done using TurboTax
BobbyO & Taxtony -- The "85% waiver" is new this year, put in place because the recent tax overhaul may have unfairly caused some folks to owe a penalty because they weren't informed of the change quickly enough, and is the likely reason so many of us are filing 2210 for the first time. Before the waiver, TurboTax would have had us grind through all the annualization details to make certain we wouldn't owe a penalty. If we didn't, I don't believe Form 2210 would have had to be filed. With the waiver, though, we don't need to go through all that work; we just have to submit the first page of Form 2210 with "85% Waiver" written on it.
‎June 11, 2019
10:27 AM