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New Member
posted Apr 14, 2024 4:08:27 PM

What do I have to file out form 2210 and I do pay estimated taxes?

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1 Replies
Level 15
Apr 14, 2024 5:50:28 PM

If at filing time, you have not prepaid enough income taxes through withholding or quarterly estimated payments, you may have to pay a penalty for underpayment. If you have to pay more than $1,000 in taxes, you owe the penalty. If you did not prepay at least 90 percent of the total tax due for this tax year, you owe the penalty.

See this about estimates  https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-pay-and-when/L3OPIbJNw