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what do I do about an underpayment - form 2210

Do I make the payment asap or wait until I file closer to April 15?
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1 Reply
LaShaunA3
Expert Alumni

what do I do about an underpayment - form 2210

Yes, if Form 2210 shows an underpayment penalty, you should pay the tax balance due as soon as possible. Interest and penalties continue to accrue until the tax is paid in full. You don't need to wait until April 15 to make the payment, as paying early reduces additional charges.

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