tscott1205
Level 4
03-21-2021
04:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have noticed that the program is not calculating any federal underpayment of estimated tax penalties.
Is this correct or do I have some turned off in my program.
Labels
PATAX
Level 15
03-21-2021
04:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Check to see if you checked the box to have the IRS calculate the penalty... I have not had any issues with this and it is calculating the penalty... Just my opinion
BobKamman
Level 15
03-21-2021
05:03 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
That would be the box on the 2210. I hope it's not something that can be done for all returns -- you just want to do it when you know it's below the IRS criterion for assessment.