ATX 2210 incorrectly calculating?

[JackieCPA]

We are getting multiple clients getting extra underpayment penalties in the mail. Seems as though the IRS is calculating it differently than the software is. Anyone else having this issue? 

[BrewOne]

Just had the opposite happen to one of my clients--IRS took out a $256 penalty calculated by the software.

The 2210 was missing the 2nd quarter interest amount--if that (7%) was not filled in, might have created an underpayment.  But could well be software glitch.

[BulldogTom]

1 hour ago, BrewOne said:

The 2210 was missing the 2nd quarter interest amount--if that (7%) was not filled in, might have created an underpayment.  But could well be software glitch.

I noticed that as well.   You have to manually check the input form for the interest rate.   I have found in many cases the software has not updated the current quarter.

Tom
Longview, TX

[Abby Normal]

The 2210 is for the prior year and the interest rates should be hard coded in. The interest rates that ATX does not update are the late paying ones on the 1040 itself.

[Terry D EA]

This very issue occurred in Drake as well. At the beginning, I thought it was a Drake issue but later discovered it appears it was an IRS issue and the software vendors had to make last minute changes.