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Level 1
February 20, 2021
Question

Forms 2210 and 2020

  • February 20, 2021
  • 1 reply
  • 1 view

There are several forms that are still not ready for 2020 tax year on Turbo tax.

My mother is incurring late payment penalties as I cannot file her taxes until these forms are ready.

What is the holdup?

CC

    1 reply

    DoninGA
    Level 15
    Level 15
    February 20, 2021

    There are no late payment penalties on a 2020 tax return at this time since the payment date for taxes owed on a 2020 tax return is April 15, 2021.  Late payment penalties are only assessed by the IRS after the tax return is filed and if the payment received is after 04/15/2021

     

    Form 2210, Underpayment of Estimated Tax is scheduled to be available on 02/25/2021