turbotax error, form 2210

While doing my taxes in turbotax, it brings up the following error at the end:

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Check This Entry

Form 2210: IRS to Figure Penalty Box You must check this box or obtain an update before you file this return. To receive an update, select Check for Updates from the Turbotax menu to go directly to our Web Site

[ ] IRS to Figure Penalty Box
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If I check that box, I can file the return. Otherwise I cannot file it.

Is it OK to just check the box and file?

I think this complication has arisen because I made an estimated tax payment during the year and TT is having trouble figure out if a penalty is due. But is this because the form is awaiting an update? Is it typical for form 2210 to get updated fairly late?

Thanks.

Reply to
anoop
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2210 shows "Do Not File" in red. This is what forms in TurboTax show when they haven't been updated. Typical? I don't know. I only know that 2018 was a major change to the code, and forms had a lot more of this than usual. Many forms needed for filing aren't due out until the end of February, so we have time. I'm certain this will update by then.
Reply to
JoeTaxpayer

It has nothing to do with your estimated tax payment. The form is not ready yet. The estimated availability date (subject to change) for Form 2210 in TurboTax is February

  1. Here is a link to their forms availability list.

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Bob Sandler

Reply to
Bob Sandler

Thanks much! This is precisely the information that I was looking for. At I know if I wait until Feb 14, there is a good chance it will be ready. I was hoping I would not have to wait beyond Feb 20, because that would make things inconvenient for me. I am doing my best to file before then. I had tried looking around for the expected date but could not find it.

Reply to
anoop

The updated form is now available, but I have hit another snag. TT is throwing an error saying: "Form 2210 -- Explanation Stm: Detailed Explanation-1 must be completed. Enter your explanation here to complete the Waiver Explanation Statement."

Based on the way it has filled out Form 2210 (in the forms view), it looks like it is using the 85% rule to get what appears to be $18 waived. Is it OK for me to just put "85% rule" here as well?

Thanks.

Reply to
anoop

According to IRS's instructions for the 2018 Form 2210, if you qualify for the 85% waiver relief, "Check Box A in Part II of Form 2210, write "85% Waiver" next to Box A, and file page 1 of Form 2210 with your return."

I'm not sure when those instructions were first made available.

Reply to
lotax

That is what TT has done. But at the bottom of Form 2210, it has filled out line 27, with an explanation to "SEE STMT". Now when I look at the Explanation Statement there it has the headers filled out -- My Name Form/Line: 2210 Explanation of: Waiver of Penalty

The rest is blank and it's expecting me to write something there. I'm not sure what to put. I was thinking of putting "85% Waiver" just as was listed in the explanation for checking Box A.

Thanks.

Reply to
anoop

Don't do what TT tells you to do. :( Do what IRS tells you to do. :)

It seems to me that only the first page of Form 2210 is asked for, and that page 1 doesn't include line 27, or the TT attachment. Put that excess stuff - the stuff that IRS doesn't ask for - in the round file.

Reply to
lotax

To keep things going I entered a comment about TT computing Part IV, which is what a TT CPA recommended when I called. For the return, it generated only the first page of 2210, but at the end of the return, it still provided the comment page. I figure it's probably benign whether or not I send that in.

Reply to
anoop

replying to anoop, mudixon wrote: TT says I qualify for the 85% waiver (box A checked in Part 2 only), but e-filing tax return gets rejected, indicating explanation statement is missing. I typed in a short explanation and sent it again. Still rejected. It appears a glitch in TT isn't including the explanation page when e-filing. I called TT support and after 45 minutes they told me it was a glitch that should have had a fix released on 2/16 (I'm fully up-to-date), but told me to wait 24 hours, so here's hoping another fix is coming.

Reply to
mudixon

replying to mudixon, Paul Ernster wrote: I still have the problem on 2/20. I think I saw somewhere that a fix is expected on 2/22.

Reply to
Paul Ernster

replying to mudixon, Frustrated Filer wrote: It is Feb. 20th and this Form 2210 problem is still not fixed.

Reply to
Frustrated Filer

replying to mudixon, badgirl wrote: I believe the error is in Form 2210 itself. It specifically does not include estimated tax payments when calculating your tax payments (line 6). It never takes estimated payments into account.

Reply to
badgirl

replying to badgirl, TL wrote: There is no error in Form 2210. Line 6 excludes estimated payments. However, these are added in line 12 (Part III). If the total payment (witholdings + estimated payments), line 13 exceeds the required minimum payment (line 10, from line 9), "you don?t owe a penalty. Don?t file Form 2210 unless you checked box E in Part II ." Note, TTax has an error; it does not fill out Part III, even after the 8 March

2019 update.
Reply to
TL

Now it says 2/17/22

Reply to
update

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