MK2
Level 1
04-13-2020
06:05 PM
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Need guidance on how I enter the annualized method to negate the Form 2210 underwithholding penalties.
Thank you!
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George4Tacks
Level 15
04-13-2020
06:17 PM
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I use a spreadsheet to figure each of the components for 3, 5 and 8 month periods, then inpu .
Here's wishing you many Happy Returns
MK2
Level 1
04-13-2020
06:21 PM
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Do you know where in ProConnect I input the annualized numbers? I can't find where in the program to do that. Thanks.
George4Tacks
Level 15
04-13-2020
07:08 PM
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In the Underpayment Penalty (2210) section - in fairly faint print right above is "Federal & State" "Annualized Income" "State & Local Annualized" ... Click the one for what you want.
Here's wishing you many Happy Returns
itonewbie
Level 15
04-13-2020
07:21 PM
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@George4Tacks wrote:I use a spreadsheet to figure each of the components for 3, 5 and 8 month periods, then inpu .
That's what I do as well.
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