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Client has uneven income for the year. How do I do annualization to reduce the tax penalty?

kycheng
Level 1
 
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2 Comments 2
George4Tacks
Level 15

Go to Payments, Penalies & Extension > Penalties and Interest > look at the top for 5 different options and select the 2nd one for Annualized Income. 

https://proconnect.intuit.com/community/estimated-taxes/help/individual-form-2210-underpayment-of-es... has a link on how to annualize at the bottom maybe @IntuitGabi can get the team to fix that link. 


Here's wishing you many Happy Returns
IntuitGabi
Community Manager
Community Manager

Thanks for the recommendation! We updated the article.