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Form 2210 underpayment penalty calculation error for the 2023 PRO SERIES software

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Form 2210 underpayment penalty calculation error for the 2023 PRO SERIES software

TaxService USA

For the 2023 PRO SERIES software, I've had several clients send me letters adjusting the form 2210 underpayment penalty calculation error from PRO SERIES and issued them refunds from overpaying the balance due.  Everyone of these had a 2022 return on file.     

Please look into this formula and correct it, I was told to post this here when I called PS and told them about it.

Status: New
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13 Comments
BobKamman
Level 15

This cries out for a survey on user opinions.

Check this box if you think the tax pro should tell the software that the client lives in a disaster area.

or

Check this box if you think the software should tell the tax pro that the client lives in a disaster area.

 

Alas, we have no boxes to check with this message board.  

aauccpa
Level 2

Form 2210 underpayment penalty calculation error for the 2024 PRO SERIES software.

aauccpa
Level 2

2024 Pro Series

The software should give the preparer the option to indicate that the taxpayer lived in a 
Federally Declared Disaster Area and be able to perform the correct calculations.  What a concept!  Correct Calculations.

 

Intuit incorrect calculation of underpayment of estimated tax payments year 2024 for Florida Taxpayers.

Intuit ignored the tax relief provided to Florida Taxpayers. 

FL-2024-10, Oct. 11, 2024

WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Florida that were affected by Hurricane Milton that began on Oct. 5, 2024. These taxpayers now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.

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