Instructions For Form 2210 - 2008 (Page 2 of 6) in pdf

see if you owe a penalty. If you do not meet test 1, use Form

If you file an amended return by the due date of your original

2210.

return, use the amounts shown on your amended return to

figure your underpayment. If you file an amended return after

Waiver of Penalty

the due date, use the amounts shown on the original return.

If you have an underpayment, all or part of the penalty for that

Exception. If you and your spouse file a joint return after the

underpayment will be waived if the IRS determines that:

•

due date to replace previously filed separate returns, use the

In 2007 or 2008, you retired after reaching age 62 or became

amounts shown on the joint return to figure your underpayment.

disabled, and your underpayment was due to reasonable

cause, or

Line 1

•

The underpayment was due to a casualty, disaster, or other

Enter the amount from Form 1040, line 56; Form 1040A, line

unusual circumstance, and it would be inequitable to impose

35; Form 1040NR, line 51; or Form 1040NR-EZ, line 15. For an

the penalty.

estate or trust, enter the amount from Form 1041, Schedule G,

Federally declared disaster. Certain estimated tax payment

line 4.

deadlines for taxpayers who reside or have a business in a

federally declared disaster area are postponed for a period

Line 2

during and after the disaster. During the processing of your tax

Enter the total of the following amounts on line 2.

return, the IRS automatically identifies taxpayers located in a

•

Self-employment tax.

covered disaster area (by county or parish) and applies the

•

Tax from recapture of investment credit, low-income housing

appropriate penalty relief. Do not file Form 2210 if your

credit, qualified electric vehicle credit, Indian employment credit,

underpayment was due to a federally declared disaster. If you

new markets credit, alternative motor vehicle credit, alternative

still owe a penalty after the automatic waiver is applied, we will

fuel vehicle refueling property credit, or credit for

send you a bill.

employer-provided childcare facilities.

•

Individuals, estates, and trusts not in a covered disaster area

Tax on early distributions from (a) an IRA or other qualified

but whose books, records, or tax professionals’ offices are in a

retirement plan, (b) an annuity, or (c) a modified endowment

covered area are also entitled to relief. Also eligible are relief

contract entered into after June 20, 1988.

•

workers affiliated with a recognized government or charitable

Tax on distributions from a Coverdell education savings

organization assisting in the relief activities in a covered

account or a qualified tuition program not used for qualified

disaster area. If you meet either of these eligibility

education expenses.

•

requirements, you must call the IRS disaster hotline at

Tax on Archer MSA, Medicare Advantage MSA, or health

1-866-562-5227 and identify yourself as eligible for this relief.

savings account distributions not used for qualified medical

expenses.

Details on the applicable disaster postponement period can

•

Additional tax on a health savings account because you did

be found at Select Tax

not remain an eligible individual during the test period.

Relief in Disaster Situations and then the federally declared

•

Section 72(m)(5) excess benefits tax.

disaster that affected you.

•

Advance earned income credit payments.

If requesting a waiver, do the following.

•

Tax on accumulation distribution of trusts.

Check box A or box B in Part II.

•

Interest due under sections 453(l)(3) and 453A(c) on certain

If you checked box A, complete only page 1 of Form 2210

installment sales of property.

and attach it to your tax return (you are not required to figure

•

An increase or decrease in tax as a shareholder in a qualified

the amount of penalty to be waived).

•

electing fund.

If you checked box B, complete Form 2210 through line 16

•

Tax on electing small business trusts included on Form 1041,

(line 34 if you use the regular method) without regard to the

Schedule G, line 7.

waiver. Enter the amount you want waived in parentheses on

•

Tax on income not effectively connected with a U.S. trade or

the dotted line next to line 17 (line 35 for the regular method).

business from Form 1040NR, lines 52 and 55.

Subtract this amount from the total penalty you figured without

•

Additional tax on income you received from a nonqualified

regard to the waiver, and enter the result on line 17 (line 35 for

deferred compensation plan that fails to meet certain

the regular method).

requirements.

•

Attach Form 2210 and a statement to your return explaining

•

Household employment taxes, before subtracting any

the reasons you were unable to meet the estimated tax

advance EIC payments made to your employees. Do not

requirements and the time period for which you are requesting

include this amount if you will enter -0- on Form 2210, line 6,

a waiver.

•

and the amount on line 4 (excluding household employment

If you are requesting a waiver due to retirement or disability,

taxes) would be less than $1,000.

attach documentation that shows your retirement date (and

•

Additional tax on recapture of a charitable contribution

your age on that date) or the date you became disabled.

•

deduction relating to a fractional interest in tangible personal

If you are requesting a waiver due to a casualty, disaster

property.

(other than a federally declared disaster as discussed above),

or other unusual circumstance, attach documentation such as

Line 6

copies of police and insurance company reports.

Enter the taxes withheld from Form 1040, lines 62 and 65; Form

The IRS will review the information you provide and decide

1040A, line 38, plus any excess social security and tier 1

whether to grant your request for a waiver.

railroad retirement tax entered on line 43; Form 1040NR, lines

58, 60, 65, 66a, 66b, 67a, and 67b; or Form 1040NR-EZ, line

Additional Information

18. For an estate or trust, enter the amount from Form 1041,

See Pub. 505, chapter 4, for more details and examples of

line 24e.

filled-in Forms 2210.

Line 8

For guidance on figuring estimated taxes for trusts and

Enter the tax shown on your 2007 tax return (110% of that

certain estates, see Notice 87-32, 1987-1 C.B. 477.

amount if the adjusted gross income shown on that return is

more than $150,000, or, if married filing separately for 2008,

more than $75,000). Figure your 2007 tax using the taxes and

Specific Instructions

credits shown on your 2007 tax return. Use the same type of

taxes and credits as shown on lines 1, 2, and 3 of this Form

Part I—Required Annual Payment

2210.

Complete lines 1 through 9 to figure your required annual

If you are filing a joint return for 2008, but you did not file a

payment.

joint return for 2007, add the tax shown on your 2007 return to

-2-

Instructions For Form 2210 - 2008 Page 2

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