Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
48deerwood
New Member

Why has TT generated form 2210? Withholding and qtr. payments exceed my tax liability and there is a refund due. There hasn't been an underpayment. What has happened?

Form 2210 has box A checked in Part II  stating that I am requesting a waiver of entire penalty due to tax reform or other reasons.  It does include 85% Waiver following Box A statement but I don't understand why I would even be requesting a waiver when I have paid more than the taxes due for 2018. How could there be the possibility of a penalty when it is the IRS that owes me?

1 Best answer

Accepted Solutions
DoninGA
Level 15

Why has TT generated form 2210? Withholding and qtr. payments exceed my tax liability and there is a refund due. There hasn't been an underpayment. What has happened?

1 Reply
DoninGA
Level 15

Why has TT generated form 2210? Withholding and qtr. payments exceed my tax liability and there is a refund due. There hasn't been an underpayment. What has happened?

Dynamic AdsDynamic Ads
Privacy Settings
v