Today I got a noreply email from TT Salesforce.com essentially saying the agent that linked with my pc on Sunday screwed up his report (Token # 762826) and the uploaded Form 2210 was not available for analysis. This is frustrating after spending 1 hour 19 minutes on the phone. I'll explain the problem one more time here and this will terminate my efforts to resolve the issue. The issue being that an Overpayment of the required tax in the first period is not taken into account in figuring the penalty. The first period's overpayment, Line 26 in Form 2210 Part IV column a, was correctly carried forward to Line 20 of column b and the calculations down through Line 24 of column b were performed correctly. The evidence of the programming error becomes apparent in the calculation that should have been performed to populate Line 26 of column b. The program should have substracted the value in Line 18 column b from Line 24 in column b, which properly contained the value of the first period's overpayment. Line 18 column b was empty per the Line 18 instructions as this was done to reflect only 3 estimated tax due dates per the 2020 pandemic tax legislation. If the program had entered a 0. in column b Line 18 rather than leaving it blank, the Line 26 calculation that required a value from Line 18 may have been performed. I attempted to enter a 0. in Line 18 column b but was prevented from doing so. Clicking on the zoom glass for that window pointed me to column b of Line 17 of Form 2210AI. This would have been the correct entry for Line 18 column b of Form 2210 Part IV if this were tax year 2019. But for 2020, Line 18 column b should contain a 0. for every tax payer that completes Form 2210 Part IV.
So the net effect of the program's failure to substract 0. from value in Line 24 of column b (the first period's overpayment) prevented this overpayment from being populated in Line 20 column c. Therefore, the overpayment in the first period was not taken into consideration in calculating whether a penalty was due.
