IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year. TurboTax will automatically generate a Form 2210 if your return needs it.
If you don't want the penalty computed then you can check the box for having the IRS figure the penalty. To Edit your entries:
- Log in to your account.
- Select the Other Tax situation Tab.
- Go to Additional Tax Payments and click show more.
- Go to Underpayment Penalties .
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