SamS1
Expert Alumni

Retirement tax questions

The form 2210 is scheduled to be released 2/11.  The IRS is not accepting returns until 2/12 so you can wait and still get your return into the IRS on the 1st day of processing.

 

Here is the listing of form availability in TurboTax

 

The form 2210 is used to calculate any underpayment penalty.  We are all required to deposit 100% of the previous years tax or 90% of the current years tax to not incur an underpayment penalty.  If you balance due is less than $1000, you will not be charged an underpayment penalty.