Form 2210 - Underpayment Penalty - Allow IRS to Compute Penalty
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The checkbox at the top of Form 2210 must be selected if you would like the IRS to compute any applicable penalty and send you a bill. To select this option in your TaxAct® return:

  1. From within your TaxAct return (Online or Desktop) click on the Federal tab. On smaller devices, click in the upper left-hand corner, then select Federal
  2. Click Underpayment Penalty and then click Yes to review the entries
  3. Continue to the screen Underpayment Penalty - IRS and check the box to indicate that you'd like the IRS to compute any applicable penalty and send you a bill

Note. If any box is checked on the Underpayment Penalty - Prior Year Tax or Underpayment Penalty - Reasons for Filing screens, you will not be taken to the Underpayment Penalty - IRS screen.

Note. The IRS will only send a bill if they determine it is applicable to the situation.