Instructions For Form 2210-F - Penalty For Underpaying Estimated Tax printable pdf download

Form 2210-F (2005)

Page

● Any individual visiting the covered

General Instructions

(including extensions) of the original

disaster area who was killed or

return. Also, a joint return that

Section references are to the

injured as a result of the hurricane or

replaces previously filed separate

Internal Revenue Code.

its aftermath,

returns is considered the original

● Any spouse of an affected

return.

What’s New

taxpayer, solely with regard to a

● If you were affected by Hurricane

Exceptions to the Penalty

joint return of the husband and wife,

Katrina, Hurricane Rita, or Hurricane

You will not have to pay the penalty

and

Wilma, the due date for the January

or file this form if any of the

● Any estate or trust that has tax

17, 2006, required installment has

following applies.

records necessary to meet a filing or

been extended to February 28, 2006.

● You file your return and pay the

payment deadline in the covered

See Hurricane Relief on this page.

tax due by March 1, 2006.

disaster area.

● For certain taxpayers affected by

● You had no tax liability for 2004,

The covered disaster area

Hurricane Katrina, the due date for

you were a U.S. citizen or resident

includes any county or parish

the required installment has been

for all of 2004, and your 2004 return

designated by the Federal

extended to August 28, 2006. If you

was, or would have been had you

Emergency Management Agency

are eligible for relief through August

been required to file, for a full 12

(FEMA) as an individual assistance

28, 2006, do not file Form 2210-F.

months.

area or a public assistance area. A

See Hurricane Relief on this page.

● The total tax shown on your 2005

list of the designated counties and

return minus the amount of tax you

parishes can be found in Pub. 4492.

Purpose of Form

paid through withholding is less than

Individuals, estates, and trusts in

If you are an individual or a fiduciary

$1,000. To determine whether the

the counties and parishes

for an estate or trust and at least

total tax is less than $1,000,

designated by FEMA as individual

two-thirds of your 2004 or 2005

complete lines 2 through 13.

assistance areas will automatically

gross income is from farming or

receive the extension. They can

fishing, use Form 2210-F to see if

Hurricane Relief

mark “Hurricane Katrina,” “Hurricane

you owe a penalty for underpaying

If you were affected by Hurricane

Rita,” or “Hurricane Wilma” in red

your estimated tax.

Katrina, Hurricane Rita, or Hurricane

ink on the top of their return and

For a definition of gross income

Wilma, the due date for the January

Form 2210-F. While they are not

from farming and fishing and more

17, 2006, required estimated tax

required to mark their return or Form

details, see Pub. 505, Tax

payment has been extended to

2210-F, they are strongly

Withholding and Estimated Tax.

February 28, 2006.

encouraged to do so.

For certain taxpayers affected by

The IRS Will Figure the

Individuals, estates, and trusts in

Hurricane Katrina, the due date has

areas designated by FEMA as public

Penalty for You

been extended to August 28, 2006.

assistance areas and those outside

In most cases, the IRS will figure the

See Extension to August 28, 2006, on

the affected area whose books,

penalty for you. Complete your return

this page, to determine if you are

records, or tax professionals are

as usual, leave the penalty line on

eligible.

located in the affected areas need to

your return blank, and do not attach

mark “Hurricane Katrina,” “Hurricane

Who is eligible for relief. The

Form 2210-F. If you owe the penalty,

Rita,” or “Hurricane Wilma” in red

following individuals, estates, and

we will send you a bill. And as long

ink on the top of their return and

trusts are eligible for the extension.

as you file your return by April 17,

Form 2210-F.

● Any individual whose principal

2006, we will not charge you interest

If you are entitled to hurricane

residence is located in the covered

on the penalty if you pay by the date

relief through February 28, 2006,

disaster area,

specified on the bill.

change the date on line 19 from

● Any business entity or sole

If you checked either of

January 15, 2006, to February 28,

proprietor whose principal place of

the boxes in Part I of the

2006, and enter on line 19 only the

business is located in the covered

form, you must figure the

number of days from February 28,

disaster area,

CAUTION

penalty yourself and attach

2006, to the date on line 18.

● Any individual, business entity, or

the completed form to your return.

sole proprietor whose records

Extension to August 28, 2006

Who Must Pay the

needed to meet a postponed

If you were affected by Hurricane

deadline are maintained or whose tax

Underpayment Penalty

Katrina, the due date for the January

professional’s office is in a covered

17, 2006, required installment has

You may owe the penalty for 2005 if

disaster area,

been extended to August 28, 2006,

you did not pay at least the smaller of

● Any relief worker who assisted in

for the counties and parishes listed

(a) two-thirds of the tax shown on

the Katrina or Rita covered disaster

in this section.

your 2005 return or (b) the tax shown

area,

on your 2004 return.

Automatic extension. Individuals,

● Any relief worker who assisted in

estates, and trusts in the following

Return. In these instructions,

the Wilma covered disaster area and

counties and parishes will

“return” refers to your original income

who is affiliated with a recognized

automatically receive the additional

tax return. However, an amended

government or philanthropic

extension to August 28, 2006.

return is considered the original

organization assisting in the relief

return if it is filed by the due date

activities,

Instructions For Form 2210-F - Penalty For Underpaying Estimated Tax

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