form 2210

[cpa94553]

i keep getting an error during the smart check stating that i need to do this form even though I've never filled one out in the past. I always pay my taxes in full and never have to do estimated tax.  My takes are simple - I'm retired with no deductions so I expect to pay taxes every year

[SForrestLO]

Can you provide the specific error message you are receiving? Also, it is possible some information on the form was entered incorrectly. You can delete the form, and renter the information. 

This Turbo Tax FAQ will show you how to delete a form.

[cpa94553]

Hi - thanks for responding to my question.  I never filled out the form.  It just automatically gave me an error to check off the box that said "let IRS calculate the penalty".  Not sure why I have to pay for any penalty since I pay my taxes in full every year.  I have never filled out this form in all the years that I have done my taxes.  My taxes are simple - income is SSA, bank interest and IRA distributions only. No deductions. So I know I have to pay fed every year. none for state (CA). My AGI is only $27,000.  This is the first year that I have to pay over $1000for fed.  Could this have triggered the form?

I tried deleting the form and re-enter all my info again.  But in the end, when I do smart check, the same error comes back.  Could it be a glitch in turbotax's software? Should I wait until late Feb to update the software and hopefully the error disappears?

[JulieS · Accepted solution]

Any time your balance due is $1000 or more, Form 2210 is triggered. The purpose of the form is to calculate if you owe a penalty for underpayment of taxes. 

Go ahead and check that box to "Let the IRS calculate the penalty".  They may not, and you can get your taxes filed.

If the IRS does calculate a penalty, they will send you a letter letting you know how much it is. 

[seven of 9]

I ran into the same issue during review, requesting that form 2210 be completed. The caveat is I have a refund, which clearly indicates an overpayment of taxes. How should I proceed?

Note: 2210 is completed up to line 14. Update was applied but no change.

[VolvoGirl]

Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year.  Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. It is included in your tax due or reduces your refund.

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.

Form 2210 won't be ready until Feb 25. So if it wants you to fill it out you have to wait.  

Federal tax form Availability table

https://ttlc.intuit.com/community/forms/help/irs-forms-availability-table-for-turbotax-individual-pe...

[LCKnaff]

I am getting some errors in Form 2210

The entry on Line 10 is supposed to come from Line 27, Schedule AI whenever Box C on Part II is checked.  Another value is appearing. Also, Box C in Part II cannot be unchecked.

[LindseyLO]

Have you tried clearing your cache and refreshing? This may help. Assistance with doing so has been provided by clicking here. 

[seven of 9]

I was getting a different error for the same form last week. I signed up to receive a message when Form 2210 was finalized. I did receive a message earlier this week informing me that it was ready. Updating TT premier resolved the issue. If you haven't already done so, do an update. If that fails signup for notification.