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blueadidas
Returning Member

2210 estimated tax penalty worksheet incorrectly calculates penality

For the work sheet on 2021 taxes, the 2210 worksheet for late payment of estimated taxes has a glitch. I was 3 days late in the 3rd quarter so I own $11, which is correct. However if moved my on time payment from 5-28-21 from the second quarter to the first quarter and said it was 45 days late and assessed a ~ $260 penalty. This is a glitch with the turbo tax program. I hope it can get updated. There does not seem to be a work around at this time. Let me know if I am incorrect. I am using the downloaded MAC OS version.

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2 Replies

2210 estimated tax penalty worksheet incorrectly calculates penality

i agree the TT calculation worksheet does not agree with the IRS version. and I come up with a higher penalty than what TT is computing. what's more TT is allowing e-filng of the form even though it's wrong.

 

 

2210 estimated tax penalty worksheet incorrectly calculates penality

Since I know you are not in a hurry to file and pay the balance due you can wait for the 2210 to be functional ... expected 2/24 ...  https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_windows_individual.htm...

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