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Level 1
February 20, 2021
Question

Forms 2210 and 2020

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