2210 Totally Wrong

[msmith7305]

Client files 2020 tax return 2/25/21. Overpayment of $2,550 applied to 2021.

Client sends estimated payments of $3,850 on 6/15, $3,200 on 9/15 and $3,200 on 1/15

Required 2021 installments shown on Form 2210 Part III line 10 are:

4/15    $3,149   6/15    $3,149   9/15    $3,149   1/15    $3,148

ProSeries shows 0 on line 11 column a. Should be $2,550

PS shows 0 on line 15 column a. Should be $2,550

PS shows $3,149 on line 17 (underpayment amount). Should be $599.

Line 17 columns b, c and d should all have zeros now as his $2,550 2020 overpayment plus the $3,850 payment on 6/15 exceeds the total required payment for 4/15 and 6/15.

Line 18 (overpayment) columns b and c should show overpayments of $102 and $153 respectively but are blank.

HOWEVER, the Underpayment Penalty Worksheet does correctly calculate the $599 underpayment penalty correctly for the period of 4/15 through 6/15 of $3.

Basically, everything showing in Part III is completely wrong.

[jeffmcpa2010]

at least it's closer than it was last week, when you couldn't even file.

If I had a return I really had to file right now, I would just try overriding the inputs to what they should be and see how that works.

Otherwise wait a bit and see when/if it gets fixed.

[Skylane]

Better off waiting until Intuit gets it  fixed. If they really want to file now, just tell them the IRS will make an adjustment because the form ................................................................ $%#!*

[IRonMaN · Accepted solution]

It might be fixed once Intuit opens up for tax season next week.  I wonder if they will start in March again next year or wait until April?🤔