Proseries professional

[Victoriasmith]

Showing estimated tax penalty in error

[garman22]

its possible if taxpayer underpaid or missed an estimated tax payment.

[IRonMaN]

"Showing estimated tax penalty in error"

Are you really sure?  Providing some numbers might help.

[jeffmcpa2010]

Just be aware that the form 2210 is not ready for filing (efile or paper) yet, and yes there are computation errors on it. At this point when I open one it says ready 2-17, so we will see. If you look at part III you will see that it still has payment due dates of 2020 rather than 2021.

Probably want to wait a few days and see if it does get updated this week.

[PATAX]

There can still be a penalty if you did not pay sufficient estimates in a timely manner...

[IRonMaN]

"if you did not pay sufficient estimates in a timely manner"

Or if enough withholding wasn't paid in.

[PATAX]

Iron Man that may be the solution there if the estimate dates aren't fixed , , I.E. we can have the clients increase their withholding, if possible,, instead of giving them estimates...