Form 2210

Form 2210

A form that an individual, estate, or trust files with the IRS to calculate whether and how much the filer owes as a penalty for underpayment of estimated taxes. In general, one must file Form 2210 only if one is requesting a waiver or otherwise attempting to reduce the amount of the penalty.
References in periodicals archive ?
This is done using Form 2210 filed with your return.
Note: Form 2210 should be filed with the tax return and Box A in Part II checked requesting a waiver of the entire estimated tax penalty.
Recent successful initiatives include (1) raising the income threshold on Form 1040, Schedule B, to $1,500; (2) permitting the use of the standard mileage rate for small bust nesses for up to four vehicles; (3) allowing the use of standard rates for daycare providers; and (4) adding a flowchart to Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts.
Form 2210, Payment of Estimated Tax, has six schedules.