Form 2210 Line 8 Underpayment Penalty

Forum|Forum|6 years ago
January 20, 2020
2 replies
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Hi, I'm trying to match my software's calculation of my underpayment penalty with instructions for Form 2210 line 8. I know it's currently a draft, but the basic instructions say:

To figure your 2018 tax, first add the amounts listed in (1) later, then
subtract from that total amount the refundable credits listed in (2)
later that are shown on your 2018 tax return.

My software seems to be doing that, however it also seems to be adding in line 13 from the 2018 1040.

I can't find anywhere in the instructions where it says to add in line 13.

SusanY1

Level 15

If you do not have any credits to subtract or any of the additions specified in the instructions it would be expected for Line 8, which represents your prior year tax liability, to be the same as your 2018 Form 1040 line 13 total tax.

If you are seeing the same number on Line 8 of Form 2210 as you see on your Line 13 of your 2018 Form 1040, this may be correct. If you are seeing that Line 8 of 2210 is double the line 13 from your 2018 Form 1040, then it sounds like there is an entry error.

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genie187Author

Level 3

Hi, Susan. Thanks for replying. What I'm saying is I'm trying to figure out why it's adding line 13 from the 2018 return when the instructions for Form 2210 don't mention adding it in the calculation of line 8.

SusanY1

Level 15

While it doesn't pull directly from Line 13 of your Form 1040, the result of the tax calculation for Line 8 of Form 2210 is very often exactly the same number as Line 13 on Form 1040.

Both forms are calculating your total tax liability for 2018, and while they use different methods they should arrive at the same number for total tax.

Form 2210 can have some additional adjustments to this number, but it is very often the case that the numbers are identical. This doesn't mean it is adding in that number, just that it is arriving at the same result for the total tax as part of its calculation.

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stephaneroy

Level 2

I'm so glad I found this thread, even if it's old. The 2210 instructions for line 8 are just completely wrong, and omit the basic tax calculation from the list of things to add.

lellis1936

Level 2

Yes, line 8 instructions are wrong, and they have been wrong since 2012!

If you Google for 2210 instructions year 2011, you'll find a much shorter, yet correct description.

Since 2012 they have completely omitted directions for including the base tax for the year in the calculations.

billy-hill

Level 2

So I looked, and I don't even have a form 2210 in 2019 tax year (and probably never have)! I used a 1040 and found a line 6 in the Federal Carryover section with an amount for 2210 or 2210 F. Is that what I am supposed to be using? and out of curiosity, I've been using TT for ten years or so now. With the exception of COVID and my work now at a complete standstill, not much else has changed. So why am I seeing this dialog box for the first time now for TY 2020?