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If you owe a penalty, you will have the option for the IRS to compute the penalty for you. The form 2210 will not be available in TurboTax until 2/25. Since you owe tax it is not due until 4/15. If you wait till 2/25, TurboTax will calculate the penalty and you can pay it with you balance due.
There are some exceptions to this penalty that you may qualify for if you meet any of these requirements:
To visit the section where you can go through possible exceptions to the penalty, follow these steps:
The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020 taxes.
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