Trying to understand what the deal is with Form 2210. TurboTax software error? In 2017 our estimated tax quarterly payment was calculated higher than we knew we really needed to pay. We paid less to the IRS quarterly throughout 2018. My wife and I are both retired and she needed to cut back on her independent contractor work so we wouldn't exceed the earnings limit for those receiving SS retirement benefits who have not yet reached full retirement age. Although we paid less quarterly than what was stated on the quarterly voucher, we still paid too much to the IRS. Because we paid less than the estimated tax calculated in 2017, I suppose that's why Form 2210 even entered the picture. Penalties are only imposed upon people who end up owing the IRS and didn't pay enough to cover their tax liability throughout the year. I think it was a mistake to send this scenario to Form 2210 in order to explain the situation on a waiver. The situation should be obvious just by looking at the amount of tax paid throughout the year and comparing that to the amount owed. Obviously if one pays more throughout the year than what is actually owed, there should be no waiver explanation necessary, and obviously no penalty.
