Does anyone besides me have a farmer customer who completed form 2210-F, paid their tax before Feb 28th and was charged an underpayment penalty?

[Just-Lisa-Now-]

They got a letter from IRS with a penalty computation?

[simmcows28597]

No letter.  Investigation has revealed Pro-Series calculated the penalty after (or during) transmission to Intuit.  I was not aware until client's checking was reduced by more that what I had reported to him.

[taxiowa]

Does your paper copy show no penalty on it?  Because mine did not change after e-filing as far as Proseries has listed.  And you have to list amount to be charged on the info sheet, so I do not think the IRS can determine a different amount to debit taxpayer account for.  They would send bill for additional amount by can't deduct it without permission.  So could the penalty have been there before you filed it?

[simmcows28597]

The client's filing instructions printed prior to conversion and transmission did not show the penalty.  IRS charged the taxpayer what Intuit sent them.  ProSeries calculated the penalty even though 2210-F had the 2/3 (farmer) box checked.

[rbynaker · Accepted solution]

Wow, that sucks.

I know there have been some 2210-F bugs reported but I thought they were all after 2/28 when IRS extended the time to pay.

Is it significant?  If we're talking $20, I'd either write the client a check or just knock it off the next billing, make some loud swearing noises about Intuit software, and move on with life.

Do you open and calc your returns right before transmitting?  I've run into cases in the past where something has changed from the time I printed the 8879 and the time I have signed forms ready to file so I always double check that the final numbers in the return match the 8879 before I transmit.

Rick

[Just-Lisa-Now-]

I also double check the return against the 8879 right before I transmit...been burned by an update change before!

[rbynaker]

Yeah, one of the many hidden costs of using ProSeries . . .

[simmcows28597]

thanks.  I have never double checked the 8879 figure before, but certainly now I will.  In this case the penalty is $470.  

[Just-Lisa-Now-]

  yikes!:open_mouth:

[rbynaker]

I would try to get this resolved with a phone call . . . but when that doesn't work send in a 1040X with the 2210-F attached.  Assuming they ever actually let us print 1040Xs,

[Just-Lisa-Now-]

They actually changed the estimated penalty for farmers and fisherman....the IRS may end up refunding the penalty automatically.
https://accountants-community.intuit.com/announcements/1814314

[Skylane]

"he client's filing instructions printed prior to conversion and transmission did not show the penalty.  "

Any chance you did an update between the time you printed the return and efiled it?  As a rule of thumb, I (try to) check the results against the 8879 as I efile.