Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
rwhite1024
Returning Member

Form 2210 Update in order to use Short Method to calculate penalty

Receiving an error indicating that I have to check the box to have IRS calculate the penalty or await an update from Turbotax.

I want to use the 'Short Method' to calculate the penalty.  When will the update be available from Turbo Tax?

3 Replies
MarilynG1
Expert Alumni

Form 2210 Update in order to use Short Method to calculate penalty

Form 2210 for Underpayment of Estimated Tax  is scheduled to be available 2/25/2021. 

 

Click this link for a list of Federal Forms Availability.

 

This article details How to Avoid Estimated Tax Penalty

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Marsha114
New Member

Form 2210 Update in order to use Short Method to calculate penalty

Program error not corrected with the 2/25/21 program updates. Please help!! This is delaying my e-filing.

ChondelLO
Intuit Alumni

Form 2210 Update in order to use Short Method to calculate penalty

TurboTax is aware of errors related to calculating underpayment penalties on Form 2210. The problem has been reported and is under investigation. Taxpayers can continue to e-file with the option of deleting the form and allowing the IRS to calculate any underpayment penalty for you.

 

How do I delete a tax form in the TurboTax CD/Down...

 

 

How do I view and delete forms in TurboTax Online?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v