How to fill form 2210

IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year.

Form 2210-F is a variation if you made at least 2/3 of your gross income from farming or fishing.

We'll automatically generate a Form 2210 if your return needs it. Or you can revisit this section:

1. Sign in to TurboTax and select Take me to my return.
2. Click  and search for underpayment of taxes.
3. Select the Jump to link in the search results.
4. The Underpayment Penalties screen will display the penalty amount. Select Continue to review this section and make any needed adjustments.
   • Note: If you see No Underpayment Penalty, you either haven't entered your income and/or estimated tax payments yet, or you aren't subject to an underpayment penalty.

(Optional) Keep going, and when you get to the Annualized Income Method screen, answer Yes if you want to see if we can reduce the penalty.

Can I efile on turbo tax with form 2210 or must I do paper filing?

You may electronically file IRS form 2210.  The IRS will generally figure your penalty for you and you should not have to file Form 2210.

 

You can, however, use Form 2210 to figure your penalty if you wish and include the penalty on your return.

 

See also here.

 

@slysly01

I have to do form 2210 because my income varied every quarter.  I can not get to form 

 

If your income varied during the year, you may be able to lower or eliminate the amount of one or more required installments by using the annualized income installment method. 

 

To revisit the underpayment penalty section of your return and possibly elect, please follow the instructions below:

1. Sign in to TurboTax and open or continue your return.
2. Search for underpayment of taxes.
3. Select the Jump to link in the search results.
4. Select Continue to review this section and make any needed adjustments.

Generally, you'll have to pay an underpayment penalty for 2021 if you owe more than $1,000 in taxes (after taking withholding into account) and:

 * Your taxes withheld don't cover at least 90% of your 2021 tax liability, or

 * Your taxes withheld aren't at least 100% of your 2020 tax liability if your AGI is up to $150,000 or 110% if your AGI is more than $150,000. (The amount is $75,000 if you're married filing separately.)

 

@Danny Baresh