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Underpayment Form 2210

I have an underpayment penalty of $136 which I said "add to pay now"  but when i do an error check it comes up I must check the box to let the IRS figure the penalty. If I check this it reduces what i owe now I get that BUT I wanted to pay it when I sent my 2020 payment in.

How do i get this error to stop appearing?

In fact when you go through the steps Turbo tax (Deluxe) shows it as Enter the date you plan to file and pay your balance due or April 15, 2020, we use this date to determine penalty, If you leave blank we'll assume April 15, 2020!! 2020 paid not 2021?

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1 Reply

Underpayment Form 2210

Yes, I think the issue with the date saying 2020 instead of 2021 was just fixed today. As for the other issue, TurboTax does not support the 2210 form just yet, they say it will be done by February 25th though.

 

https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

 

In my case, I don't really need to file the form for my penalty but TurboTax still doesn't let me continue as the form is not yet fully supported. So, I guess we just need to wait until TurboTax adds it if we want to pay the penalty instead of waiting a bill.

 

To be fair, IRS just published the form on February 9th and the instructions on February 11th, so it's not that the delay is all TT fault here.

 

Honestly, after seeing some of the issues though, I will likely wait until mid March to file (even if I could reduce my penalty a bit paying earlier). I rather wait until bugs are less likely to remain.

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