For underpayment of taxes my paystubs for 4 quarters total $3,880 but I'm getting an error on form 2210 that reflects $2,982. How do I correct this?

posted

I don't understand. Where is the $3,880 showing? Is that the quarterly estimated payments you sent in? Anyway for form 2210 penalty.

You might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210.

It's under

Federal or Personal (for Home & Business Desktop)

Other Tax Situations

Additional Tax Payments

Underpayment Penalties - Click the Start or update button