I have a different issue with underpayment penalties and form 2210. Volvo girl is exactly right, you do not have a underpayment as long as you pay at least 90% of this years total tax divided by 4 quarters, or 110% of your previous years tax if your AGI was over 150k filing jointly.
I actually paid more than 110% of both last years and this years total tax due, but still it says i have a $44 underpayment penalty?? I talked to 2 different TT people until i was blue in the face trying to figure out the issue?
No luck getting to the bottom of it!?
Is it possible that the whole Turbo Tax Home and Business is calculating the estimated tax returns incorrectly because the Form 2210 is not yet available?
Irritated to the max. Any help would be greatly appreciated!
