Common questions about Form 2210 in ProConnect Tax

In this article, you'll find answers to frequently asked questions about Form 2210, Underpayment of Estimated Tax by Individuals and Estates and Trusts.

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Why does Form 2210 print when it's not required?

When an underpayment penalty applies, but Form 2210 isn't required, the program will generate the 2210 Worksheets to figure the penalty amount so that you can include it in the balance due on the return.

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Where do I enter other payments and refundable credits?

The program will automatically carry the payments and refundable credits from the tax return to Form 2210. Only the payments and credits specified in the IRS Instructions for Form 2210 will flow to this line.

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How do I generate Form 2210F?

1. Go to Input Return ⮕ Payments, Penalties & Extensions ⮕ Penalties & Interest.
2. Scroll down to the Underpayment Penalty (2210) section.
3. Enter the ​​​2022​​​ adjusted gross income.
4. Enter the ​2022​ tax liability (-1=none).
5. Enter a 1 in 1=Form 2210-F.

If the 2210-F isn’t generating based on your tax liability, choose option 3 to force in the Form 2210 options field.

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How do I generate Form 2210 Annualized Income Installment Method

1. Go to the Input Return tab.
2. On the left-side menu, select Payments, Penalties & Extensions.
3. Click on the Penalties and Interest (2210) screen.
4. Enter the Filing date.
5. On the left-side menu, select Annualized Income Installment Method.
6. Enter the adjusted gross income for each period in the AGI field.
   • Enter -1 to indicate zero.
   • The 4th quarter's amounts will be automatically calculated from the return.

All items marked [Override] on this screen will be completed automatically using amounts from the tax return, if no entry is made.

Note: There's no worksheet or form to calculate Alternative Minimum Tax (AMT) with the annualized method. If your client is subject to AMT you will have to manually calculate it outside of the program.

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