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

Welcome back! Ask questions, get answers, and join our large community of tax professionals.

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

2 Comments 2

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.

Answers are easy. Questions are hard!

Thanks for the recommendation! We updated the article.