DaveF1006
Expert Alumni

Retirement tax questions

It depends. The IRS may assess an estimated tax penalty if 4 equal payments are not made through the year. You may be able to waive the tax by completing form 2210 as suggested by the IRS in Topic 306. Turbo Tax will generate 2210 form if you need it in your return and it will allow you to enter information that may help you waive the penalty.

 

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