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Level 2
posted Apr 1, 2024 10:25:59 PM

How can I have the IRS estimate my underpayment penalty and bill me later instead of TurboTax?

In prior years, TurboTax used to give the user the option to have the IRS estimates the underpayment penalty and bill me later.

This year (2024 for 2023 taxes), I can't see this option any more. TurboTax insists on calculating this underpayment penalty itself and adding it to the taxes due. 

How can I have the IRS estimate my underpayment penalty instead of TurboTax?

Thanks!

0 2 2085
2 Replies
Level 15
Apr 1, 2024 11:05:06 PM

go to the 2210 and check box C to have the iRS figure your penalty and bill you. 

 

Level 2
Apr 1, 2024 11:18:52 PM

Hi Mike9241,

 

Thanks but I know how it's done on paper form. My question was how to make TurboTax let the IRS figure my penalty and bill me. TurboTax doesn't seem to give me any option of letting the IRS figure it out.