Error in Form 2210 Turbotax 2021

[salilm1]

exactly. Why is this organization ( which considers itself the cream of the crop)  so behind the eight ball on 3/1/2022 ( 45 days before tax day ). Appalling.

[2539Bernal]

Whoever is this posting "Notification" links, NONE OF THEM WORK!

[KevinInBoise]

Okay, now Wed 3/2/22 and still no software update.  To any Intuit employee who is watching this site, how about the courtesy of an update, is a fix in the works? Don't tell us to waste our time calling customer support, please post something here.

[bbakercpa]

For more than the last month, they have only been releasing updates on Thursday...

Imagine there are only six more Thursday's until taxes are due. Still waiting for the updates to the 2210 form.

[2539Bernal]

I gave up waiting, I went to another provider and had no issues.  This has been very disappointing, can no longer trust Intuit/TurboTax as I have done for the last 10 years!

[FrancoM]

March 3 2022 PM.  Thursday release already out and Intuit has not fixed Form 2210 line 11.  It still does not include previous year's overpayment that should be applied to current year.

[WJY0109]

Since we're all here to help, I see two options. Option 1 would be to go to 'VIEW' at the top of the Turbo Tax page.  Find the Form you need, right click on the line to be corrected and override will appear and make the correction that way. Option 2 would be to call the Turbo Tax Help line and ask if a Representative could manually take over your computer and see if they can assist in fixing the problem. Good Luck!

[Tax4fp]

TT update on 3/3/22 did not fix any of the errors in Form 2210.  Still not calculating line 14 (a)-(c) on Form 2210AI correctly and still using the wrong dates in step by step for annualizing withholding.  2021 TT Form 22210 is a piece of junk that TT isn't making any effort to fix and TT 100% accuracy guarantee isn't worth anything so they don't even try.

[Tax4fp]

Even though the 3/3/22 TT update didn't correct any of the errors in multiple lines of Form 2210, it did something so that IRS now accepts the return.  Since both the correct and incorrect Form 2210 numbers showed that I didn't owe any underpayment penalty, I just let it go through and annotated my copy of printed return to highlight the errors in case the IRS ever questions the return.  2021 TT Form 2210 is still an error filled piece of junk and I'll use something else next year because they don't seem to care to issue a quality product.

[bbakercpa]

Confirmed... line 11 still in ERROR... does not include my overpayment from 2020 applied to 2021 estimated tax... and it is on the TAX PAYMENTS WORKSHEET !!!

[bbakercpa]

Option #1 I have already done... TT has been advised for weeks that the 2210 is flawed.

Option #2... it will be a rainy day in hell before I let TT support access my computer.

[eagle3man]

Thanks for your post.  As a result, I went ahead and e-filed again and this time my return was accepted. I didnt see any didfference in the form 2210 worksheets line by line data so I dont have a clue what TT did so that the IRS accepted it.  If it prompts an audit, so be it.  I knew that I was not subject to an underpayment penalty based upon the facts of my income streams and all tax payment dates. I am NOT happy at all with TT after +35 years of using their product, BUT will give them a reprieve. I certainly understand how re-programming tasks and priorization works in large enterprizes. Having said that, someone in their senior management needs to send out an explanation BEFORE I will be renewing (2022 TT automatic renew is being cancelled) as this was far two many days of frustration.

[bbakercpa]

Count not agree with you more... I have used TT since Michael Chipman founded the firm as Chipsoft. This is has been the worst. I have multiple issues (like others) with not only the 2210 but also where I received multiple 1098's where the loan was transferred back and forth with the originating loan firm. TT treated the 1098's as if I had 3 separate loans and added up the outstanding loan balances.

Next year... TT maybe not.

[ryan-p-abraham]

I just updated to the lastest version and Line 8 in the for 2210 is still multiplying by 1.1

The last three year of turbo tax have gone down hill very very fast ....

Use to be a solid product ... now its it is just junk !!!

Hey Turbo tax get your @#$%^& together !!!

100% Accurate ...un huh ...... so Should I file now and then how do I collect on that guarantee

[kevinandlori]

There are several problems with Form 2210 that remain as of March 5:

1. Failure to include 2020 refunds applied to 2021 taxes. 2020 refunds applied to 2021 taxes are not credited as tax payments in any column of Form 2210, Part III Line 11. (Part 2 Box C is checked, Box D is not). Instructions for Line 11 state they should be included: "Include the following payments: Any overpayment from your 2020 return applied to your 2021 estimated tax payments." For those that filed by April 15, the credit should be included in the first quarter for Line 11, but TT fails to include it in any quarter.
2. Failure to include above-the-line charitable contributions. As many have pointed out, Schedule AI, line 7 fails to include any amount on Form 1040, line 12(b) (above the line charitable contributions: up to $300 single / $600 MFJ). Taxes calculated on lines 14(a), 14(b), and 14(c) are therefore slightly higher than they should be. (The deduction is properly included in the final tax calculation in 14(d), even though the taxable income shown on line 13(d) is incorrect.)
3. 3. Tax computation in Schedule AI, line 14 (a), (b), (c). TT assumes that capital gains are one-time events for each quarter, while qualified dividends will continue throughout the year. Consequently, qualified dividends are annualized by multiplying by 4, 2.4, and 1.5 for the first through third quarters in the tax calculation, but capital gains are not multiplied by any factor. For example, if you are married filing joint and have $50,000 in income that includes $1000 in capital gain in the first quarter, TT calculates the taxes on (4*$50,000)-$1000 = $199,000 at regular tax rates and $1000 at 15% tax rates. However, if you have $50,000 in income that includes $1000 in qualified dividends it calculates the taxes on (4*50,000)-4*$1000 = $196,000 at regular tax rates and 4*$1000 = $4000 at 15% tax rates. The underlying assumptions that qualified dividends are recurring (and hence should be annualized) but capital gains are one-time-events (and hence should not be annualized) are reasonable for many, but not all.