Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

2210

psanger438
Level 3

Has anyone noticed on the 2021 2210 that the quarterly payment dates are wrong?  I have put in the quarterly tax estimates on the tax payment worksheet, however those payments are not flowing through to the 2210 properly, missing the 6/15/21 quarterly payment and is now calculating a penalty due.  Will this form be updated before 1/24/22 to correct the flow through problem?

Labels (1)
0 Cheers
29 Replies 29
IRonMaN
Level 15

Kinda scary that it is the middle of January and something that basic still isn't up and running.  It's going to be a long tax season.


Pot Stirrer Gold Medalist - Rio de Janeiro Games
Just-Lisa-Now-
Level 15
Level 15

Doesn't it show at the top of the form the date they plan to have it finalized? 

My screen shows mid March for finalization of the 2210.  Seriously doubt it will be ready to go when EF opens.

2210.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15

Looks like March 17th - that should make a lot of people really happy 😬


Pot Stirrer Gold Medalist - Rio de Janeiro Games
jeffmcpa2010
Level 8

Most of my clients who Owe tax and might have a 2210 penalty are not filing that early in the season anyway.

Just check the box to have the IRS figure it. They might get around to it about the time I retire.

Just-Lisa-Now-
Level 15
Level 15
if the form isnt final, you wont be able to EF it, even if you mark that "Let IRS figure..." box.

People with 2210s get to sit in the fermenting stack until its ready!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15

Looks like tax season is going to be shortened to one month for a number of folks.


Pot Stirrer Gold Medalist - Rio de Janeiro Games
BobKamman
Level 15

One of my first clients every year knows they will owe the 2210 penalty and want to file the return and pay the tax as soon as possible to prevent a higher amount.  (Half their income is from CGD's in December, so the penalty using the annualized method is minimal and tax during the year is difficult to estimate.)  One year I did a manual 2210 and filed it with a paper return -- IRS ignored it and it took months to straighten the mess out.    

The problem is that Intuit programmers (like IRS programmers) are not return preparers.  They never have to consider the needs of real people.  

The 2210 and 2210 instructions are final, from IRS.  The delay is Intuit's choice.  

PATAX
Level 11

@BobKamman 👍 you hit the nail on the head Bob....

IRonMaN
Level 15

Maybe everyone can start going to the Intuit wishing well and wish for the form to be ready this month 😃


Pot Stirrer Gold Medalist - Rio de Janeiro Games
PATAX
Level 11

Iron Man, I do not know how to do that with this wack phone, so maybe you can volunteer for that?

BobKamman
Level 15

@IRonMaN   That will just encourage them to pull someone off the 1120-S program, delaying dozens of returns and their K-1 progeny.  

IRonMaN
Level 15

I’m going to put my mind reading abilities to work and predict that it is going to start getting loud in here once more people find out about that March date.


Pot Stirrer Gold Medalist - Rio de Janeiro Games
PATAX
Level 11

@IRonMaN I file extensions for business entities that I can,  which is many of them, , so by the time it is due, if any issues, should be straightened out....If someone doesn't like it, then they can go to another. My office is not Mister Rogers Neighborhood.😉😀🐕

IRonMaN
Level 15

My office is on Sesame Street.  Oscar the Grouch here, "how can I not help you today?"


Pot Stirrer Gold Medalist - Rio de Janeiro Games
BobKamman
Level 15
IRonMaN
Level 15

This place continues to be a wealth of information.


Pot Stirrer Gold Medalist - Rio de Janeiro Games
dascpa
Level 9

I quit.  It's only Jan 14th, haven't done my first return yet (close to being done 1099's and payroll) but just watching this board, I don't have the stomach for it again.

IRonMaN
Level 15

Just another day in paradise 🌄


Pot Stirrer Gold Medalist - Rio de Janeiro Games
0 Cheers
BobKamman
Level 15

When the going gets tough, the tough get going! (Out the door, sometimes.)

IRonMaN
Level 15

@IntuitGabiU 

@IntuitBettyJo 

Can you relay to the team in charge of arranging release of forms, that you are going to have a lot of folks up in arms if Intuit really is planning on delaying form 2210 for that length of time.  Tax season is short enough the way it is and that really compresses tax season for a lot of folks needing form 2210. 


Pot Stirrer Gold Medalist - Rio de Janeiro Games
IRonMaN
Level 15

 I saw both of you had posted today so I know you are still stuck working with us and since I don't give up easy, what about that goofy 3/17 date?

@IntuitBettyJo 

@IntuitGabiU 


Pot Stirrer Gold Medalist - Rio de Janeiro Games
IRonMaN
Level 15

As a side note, for those of you that are relatively new here, I can be a tad stubborn --------- especially this time of year. 😬


Pot Stirrer Gold Medalist - Rio de Janeiro Games
jeffmcpa2010
Level 8

stubborn...with a side order of sarcasm possibly?

IRonMaN
Level 15

Nope.  The main dish is sarcasm.  If you got a side order of sarcasm, that would just mean that you got extra sarcasm on the side --------- no extra charge.


Pot Stirrer Gold Medalist - Rio de Janeiro Games
IntuitBettyJo
Community Manager
Community Manager

Hi @IRonMaN , 

We are definitely both here 🙂 Let me check with @IntuitGabiU to see if she has any updates / info on this item and we will get back to you asap.  Hopefully before the long weekend (cough, cough, we will be taking MLK day off) 

-Betty Jo 

IRonMaN
Level 15

Thanks!


Pot Stirrer Gold Medalist - Rio de Janeiro Games
IntuitBettyJo
Community Manager
Community Manager

Looks like we have a meeting with the team to discuss this on Tuesday 01/18.  I will update you with my findings as soon as I get more info.  

-Betty Jo 

0 Cheers
IRonMaN
Level 15

Like I mentioned earlier, it will make a lot of folks happier to move that date up, including Intuit support folks.  Once folks start realizing they are going to have to wait until 3/17, Intuit support phones are going to start ringing off the hook with irate customers ------- not to mention the feedback you are going to see here. 

Thanks!


Pot Stirrer Gold Medalist - Rio de Janeiro Games
Greta
Level 8

What I usually do, is print a 4th quarter estimated voucher for the amount due, and have the client pay it online or by mail. That will stop the penalty and will show up as an estimated payment.

0 Cheers