I have the same complain here! It keeps delaying from 2/11 -> 2/18 -> 2/25.
You can monitor the forms availability date by clicking here.
Thanks for the link! But, just wondering why does it keep delaying? since the form has already been made available by IRS on their website.
Thank you for the quick response.
However, as others have indicated, it makes no sense for this form not to be approved yet, since the IRS has already approved the forms, tax filing season has started (two days ago now), and others are using this form in their tax filings. This may even impact those taxpayers who are trying to file early in order to take advantage of the next stimulus relief check that the federal government is getting ready to send out. This is a "glitch" that TurboTax needs to remedy quickly.
There needs to be a temporary workaround for this issue that TurboTax has created. Once the tax preparation is complete and all the forms are ready to be filed, the workaround may be as simple as unchecking the box in Part II of Form 2210. All the calculations will still be there. Penalties (if any) will still be transferred to Form 1040. But, this Form 2210, not being ready due to a TurboTax issue, won't hold up the filing of taxes.
Given the importance of this issue, and its time-critical nature, some useful guidance would be appreciated.
Yes, you are correct. Form 2210 was in draft form through February 4, 2021. TurboTax is working diligently to add this form as soon as possible.
Keep in mind, if you owe less than $1,000, you are allowed to remove this form completely. See: Topic No. 306 Penalty for Underpayment of Estimated Tax.
To delete a form, follow these steps:
Form 2210 is for reporting income that was earned unevenly to correct the IRS default assumption that income was earned, and therefore taxable, evenly throughout the year. This form is also impacted by due dates for estimated tax payments.
Federal income tax estimates for first and second quarter were not due until July 15, 2020 whereas states changed their estimates differently.
To review how to enter these details in TurboTax and reduce any penalties as low as possible, do a search for underpayment of penalties and click the Jump to link. For more details, see: How do I add Form 2210?
Thank you. Yes, I do understand.
As it turns out, in my situation of changing filing status from MFJ for 2019 to MFS for 2020, I was underwithheld for the year (more than $1,000).
Though there is a small penalty, (as it turns out) no boxes need to be checked in Part II, and it is not necessary for me to file Form 2210. At the time I initially inquired about the "not done" status of Form 2210, I was not aware that I did not need to check box “E” in Part II of Form 2210, nor do I need to file Form 2210, though the Form still calculates the penalty and includes that on Form 1040.
With no boxes checked in Part II, the “Not Done” disappears from the Form 2210 status under “Forms in My Return,” allowing my tax return to be filed without error messages.