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Estimated Tax Penalty Changed
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TaxGuyBill
Level 15
02-28-2021
03:10 PM
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FYI: I updated my software and noticed the Estimated Tax Penalty changed (it is lower now), least for one that did NOT require 2210 (used the "short method"). I assume the program was miscalculating it before and now it is corrected.
So you may want to be aware of that for any clients that had a penalty. I'm not sure if the ones that used 2210 (used the "regular method") are changed or not (I haven't checked yet).
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