Level 2

Form 2210 - Underpayment penalty waiver

Forum|Forum|1 year ago
March 23, 2025
1 reply
20 views

I e-filed a tax return for a client who ended up owing an underpayment penalty which will be deducted along with the remainder of his tax due on April 15th. Subsequent to filing he informed me that social security has indicated he qualifies as disabled as of mid 2024 and he would like to now ask for a waiver of the penalty.

If I file an amendment at this time prior to the filing deadline as a superseded return will the IRS update the amount of tax due (the amended return does not show a refund coming), or should I wait until after April 15th to file?

Thanks for any help you can give. Mike

sjrcpa

Level 15

How much penalty are we talking about?

And how does being declared disabled by SSA provide reasonable cause for an underpayment?

The more I know the more I don’t know.

IRonMaN

Level 15

I questioned that too, but I figured Bob would come up with some obscure thing that if you lost two fingers in a chainsaw accident, you would qualify for a waiver. 🤷‍♂

Slava Ukraini!

BobKamman

Level 15

It's even more difficult for people missing two fingers to wave. My question is how they can take the penalty from his bank account without his permission. If I agree to pay $100 tax balance due on April 15 but I made a mistake and my tax is actually $1,000, can IRS grab that also? Why would penalty be any different?

And IRS is already telling people they owe ES penalty? Maybe I am reading this wrong, maybe the return already showed the penalty. How much was it, anyway? I bet it's under $100. The taxpayer has been disabled all year and still owes tax? Maybe withdrawals from an IRA. Maybe now he can file an amended return to remove the 10% "excise tax."

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