2023 TT penalty for underpayment of estimated federal taxes
2024年1月26日 · It's also the same amount as Form 1040 Line 24, which is called "total tax". Anyway, Form 2210 Line 5 multiplies that by 90%, which is what Line 6 (withholding taxes) is subtracted from. The difference is less than $1000, which is too low for a penalty according to Line 7. However, TT says the penalty is $2. So, which is correct, TT or Form 2210.
How to fill form 2210 - Intuit
2019年6月1日 · IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year. Form 2210-F is a variation if you made at least 2/3 of your gross income from farming or fishing. We'll automatically generate a Form 2210 if your return needs it.
Form 2210 for Roth Conversion Question - Intuit
2023年12月13日 · Does Turbotax complete form 2210. I will be doing a Roth Conversion and paying taxes from a cash bank account. I want to show IRS that this tax payment was made for the Roth Conversion (both to be done in December. FYI: I dont want to have the taxes withheld from the IRA transfer custodian.
Form 2210 - ttlc.intuit.com
2023年5月21日 · all IRS forms are available in fillable PDF at www.irs.gov. That includes Form 2210. you have two choices: amend your return such that Form 2210 is attached and shows no penalty or a smaller penalty. Get Form 2210 and fill it out yourself showing no penalty or a smaller penalty. This usually involves checking one of the options A, C,, or D.
Solved: Form 2210 - Intuit
2022年1月21日 · I checked this using the new IRS form 2210 for 2021 that is available on the IRS site. It shows that the required estimated payment amounts are 1/4 of the annual requirement, which is the lesser of 1) 100% of my 2020 tax or 2) 90% of my 2021 tax.
Do I need to file IRS Form 2210 for 2017? - Intuit
2019年6月6日 · Form 2210 is IRS form that relates to Underpayment of Estimated taxes. You are not required to complete it since the IRS will figure the penalty, if any, and let you know if you owe anything additionally. Go to My Account ; Select Tax Tools, then Tools. Choose Delete a Form ; Find Form 2210 and select to Delete.
2023 Form 2210 Date of Payment - Intuit
I paid it using one of the IRS approved payment suppliers via credit card. If I put today’s date on TT’s form 2210 (which I noticed isn’t on the actual form itself), the 2210 penalty details form in TT recalculates from 1/29 to today’s date (resulting in a different penalty), but TT doesn’t complain on form 2210 itself about the date.
It says I have to fill out a "Form 2210: IRS to Figure Penalty ... - Intuit
2021年2月4日 · IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year. We'll automatically generate a Form 2210 if your return needs it.
How to enter 2210AI for 2023? - Intuit
2023年4月2日 · this rule is for the simplified calculation of Form 2210, without resorting to Schedule AI. the key point is Form 2210 requires even payments. If you don't like this rule you can fill out Schedule AI next year. I found it very confusing, so I use the rule. the other rule is even payments of at least 90% of 2023 tax. If you overpay, you get it back.
Form 2210 Line 8 Underpayment Penalty - Intuit
2020年1月20日 · Hi, I'm trying to match my software's calculation of my underpayment penalty with instructions for Form 2210 line 8. I know it's currently a draft, but the basic instructions say: To figure your 2018 tax, first add the amounts listed in (1) later, then subtract from that total amount the refundab...