topic Per the recently released IRS note 2019-25, withholding of 80% of taxes owed is enough to avoid a penalty, how can I get turbotax to incorporate this in my tax return in Get your taxes done using TurboTax

Per the recently released IRS note 2019-25, withholding of 80% of taxes owed is enough to avoid a penalty, how can I get turbotax to incorporate this in my tax return

lcjc_99 — Sat, 01 Jun 2019 21:19:34 GMT

The IRS JUST released it a few days ago. If you want to...

TaxGuyBill — Sat, 01 Jun 2019 21:19:35 GMT

The IRS JUST released it a few days ago. If you want to take advantage of that provision, you will probably need to wait at least a couple of weeks until they add it to the software.

Alternatively, if you are between the 80 and 85% threshol...

Zbucklyo — Sat, 01 Jun 2019 21:19:36 GMT

Alternatively, if you are between the 80 and 85% threshold, go ahead and fill out Form 2210 anyway, and have the IRS, rather than TurboTax, calculate the penalty, since it will be zero.

thanks for the responses, I haven't filed yet, so I'll wa...

lcjc_99 — Sat, 01 Jun 2019 21:19:37 GMT

thanks for the responses, I haven't filed yet, so I'll wait and see if a subsequent TurboTax update incorporates this change.

The changes to Form 2210, Underpayment of Estimated Tax b...

SweetieJean — Sat, 01 Jun 2019 21:19:38 GMT

The changes to Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, are scheduled to be updated in a release currently planned for March 29, 2019.