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Underpayment of estimated tax penalty

tscott1205
Level 4

I have noticed that the program is not calculating any federal underpayment of estimated tax penalties.

Is this correct or do I have some turned off in my program.

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2 Comments 2
PATAX
Level 15

Check to see if you checked the box to have the IRS calculate the penalty... I have not had any issues with this and it is calculating the penalty... Just my opinion

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BobKamman
Level 15

That would be the box on the 2210.  I hope it's not something that can be done for all returns -- you just want to do it when you know it's below the IRS criterion for assessment.  

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