Form 2210 - Underpayment Penalty - Allow IRS to Compute Penalty
1
The checkbox at the top of Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts, must be selected if you would like the IRS to compute any applicable penalty and send you a bill.
To check the box Check here if you would like the IRS to compute any applicable penalty and send you a bill in the TaxAct program, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Taxes & Miscellaneous.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Additional Tax Payments drop-down.
Click Add beside Underpayment Penalty.
Continue through the interview process until you see the checkbox Check here if you would like the IRS to compute any applicable penalty and send you a bill.
Do not enter info or check boxes on the screens Underpayment Penalty - Prior Year Tax or Underpayment Penalty - Reasons for Filing or you will not see the screen Underpayment Penalty – IRS where you can check the box for the IRS to compute the penalty.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click Underpayment Penalty near the bottom of the list.
Continue through the interview process until you see the checkbox Check here if you would like the IRS to compute any applicable penalty and send you a bill.
Do not enter info or check boxes on the screens Underpayment Penalty - Prior Year Tax or Underpayment Penalty - Reasons for Filing or you will not see the screen Underpayment Penalty – IRS where you can check the box for the IRS to compute the penalty.
Desktop
From within your TaxAct return, click Federal.
Click Underpayment Penalty on the right.
Continue through the interview process until you see the checkbox Check here if you would like the IRS to compute any applicable penalty and send you a bill.
Do not enter info or check boxes on the screens Underpayment Penalty - Prior Year Tax or Underpayment Penalty - Reasons for Filing or you will not see the screen Underpayment Penalty – IRS where you can check the box for the IRS to compute the penalty.
NOTE The IRS will only send a bill if they determine it is applicable to the situation.
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