, Answering FAQ'sTurboTax Employee
Form 2210 is used to determine if you owe a penalty for underpaying your estimated taxes and figure the amount of any penalty.
You can use Form 2210 to calculate your penalty, even if you're not required to. In that case, enter the penalty on your return, but do not file the Form 2210 with your return.
If you or your business made at least two-thirds of your gross income from farming or fishing, use Form 2210-F to see if you owe a penalty.
Entering Form 2210 or 2210-F into TurboTax
After you enter your estimated payments in TurboTax, we'll determine if you need to file form 2210 and calculate any penalties.
If you've already gone through the step-by-step interview and want to jump directly to the entry screen for this topic, follow these directions.
- Select Federal Taxes (Personal in Home & Business edition).
In Online TurboTax, click the bars at the upper left corner to show Federal Taxes on the selection list; enlarge the screen if needed to show the left side selection list.
- Select Other Tax Situations.
- On the Other Tax Situations screen, scroll down to the Additional Tax Payments group.
- Click Start/Update next to the Underpayment Penalties topic.
- Follow the prompts and answer the questions.
If you need to correct or change any information you have entered on your 2210 or 2210-F, the steps you take depends on if you have already filed your tax return.
- If you have yet to file your return, simply follow the navigation instructions above, and correct or change your information.
- If you have already filed your return and it was accepted by the IRS, you will need to amend your return. Refer to Amend a return you already filed for instructions.
For questions about printing, click here.
If you have questions about the availability of Form 2210 or 2210-F, click here.