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Yes, however, that Form 2210 will help you potentially eliminate any "underpayment" penalty the IRS is assessing. Even though you received a refund, there are alternate ways to remove that penalty, if applicable. Please read the article below for more information.
Basically, the IRS is saying you underpaid your tax on the IRA withdrawal which may not be entirely true if you are receiving a refund.
If you do not complete that Form 2210, the IRS will most likely assess that Penalty and you would then need to submit the Form 2210 to them.
Yes, however, that Form 2210 will help you potentially eliminate any "underpayment" penalty the IRS is assessing. Even though you received a refund, there are alternate ways to remove that penalty, if applicable. Please read the article below for more information.
Basically, the IRS is saying you underpaid your tax on the IRA withdrawal which may not be entirely true if you are receiving a refund.
If you do not complete that Form 2210, the IRS will most likely assess that Penalty and you would then need to submit the Form 2210 to them.
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