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There is a BIG RED phrase "DO NOT FILE " on a Form 2210 - underpayment of estimated tax. Does it mean that i can not submit the file electronically at this time ?
Thank you
jase
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I have been checking box to have IRS figure it out.. 2210 goes away.. return prints out fine without the 2210, return e-files fine.
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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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thank you
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I'm with Lisa, I don't want my clients later getting a bill from the IRS, Makes it look like it was ME that didn't know what I was doing.
Keep in mind that anyone needing a 2210, almost always has to write a check. Your clients are much different than mine, if they are in a hurry for their return so they can write a check February 11, instead of April 14, (15,16,17,18...whatever the **bleep** date is extended to this year for whatever stupid reason)
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To me the amount matters. If it is showing a $5 penalty, I would say screw it and let it fly. If it says a $500 penalty, I am going to stop the presses and wait.
Slava Ukraini!
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I can see both sides of the argument here. But it is going to be a case by case basis. I may bypass the 2210 for certain amounts and halt on others. BUT, I will include a letter/note explaining the possibility of getting a notice from Uncle Sam showing the 2210 penalties.
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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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That is what i though. The client will loudly whine when they get a bill
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Can i wait until the IRS finalize the form 2210? If the clients already paid their taxes and later receive an additional bill, they will whine and call me up to complain.
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That's what I am doing, none of mine are going to mail the check until april in any case.
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I've offered a $1,000 reward to anyone who sees a computer-generated notice from IRS assessing ES penalty of less than $100. In 40 years, haven't had to pay out anything. Telling clients to voluntarily pay it is just adding insult to the injury of your fees.
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@jasontran wrote:
Can i wait until the IRS finalize the form 2210?
The IRS has finalized it, it is Intuit that is not doing their job.