Suppose a taxpayer filed on 2/27/2021 and paid an underpayment penalty of $500 solely because the TT Form 2210 Part IV program did not consider the first period's overpayment. It is my understanding the the IRS's computer performs certain checks on ever return filed. Would this check identify the error in the taxpayer's return and the computer send the taxpayer a check that negates the penalty he paid when filing?
