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	Trial	24 Hours	One Month	One Year
Calculations with tax after credits over $12,000
printing of Form 2210 (See example Form 2210)
		Buy for $12	Buy for $35	Buy for $110

Buy one day for $12
(Excludes calculations with tax due over $20,000)

Buy one month for
$35

Buy one year for
$110

Calculate Form 2210

The underpayment of estimated tax penalty calculator prepares and prints Form 2210.

*Trial calculations for tax after credits under $12,000.

User Information

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Expiry:

Underpayment of Estimated Tax Penalty Calculator

Tax Year:

Questions:

Filing Status:

What is your tax after credits from Form line 56?

Do you have additional taxes (e.g. self-employment tax, unreported social security and medicare tax, additional tax on IRAs, household employment taxes, first time homebuyers credit repayment tax, additional medicare tax, or net investment tax)?

Do you have refundable credits (e.g. earned income credit, additional child tax credit, refundable part of the American opportunity credit, credit for federal tax paid on fuels, health coverage tax credit, premium tax credit)?

Questions:

What was your adjusted gross income on Form 1040 line 37?

Did you have refundable credits?

What was your tax on Form 1040 line 63 (subtract line 61)?

Annualized Income Installment Questions:

Did your income vary during the year?

Annualized Income Installment Questions:

1/1/ -

3/31/

1/1/ -

5/31/

1/1/ -

8/31/

1/1/ -

12/31/

Adjusted gross income for each period.

If you itemize, enter itemized deductions for each period.

Self-employed income for each period.

Qualified business income deduction for each period.

Tax credits for each period.

Payments Made

Payment Date:

Type:

Amount:

Use to add or remove entry rows:

Required Annual Payment

1. Tax after credits from Form 1040, line 56.

2. Other taxes (including self-employment tax, additional medicare tax, or net investment income tax).

3. Refundable credits, including the premium tax credit.

4. Current year tax. Combine lines 1, 2, and 3.

5. Multiply line 4 by 90%.

6. Withholding taxes. Do not include estimated tax payments.

7. Subtract line 6 from line 4.

8. Maximum required annual payment based on prior year’s tax.

9. Required annual payment. Enter the smaller of line 5 or line 8.

Short Form Method

10. Enter the amount from Form 2210, line 9.

11. Enter the amount, if any, from Form 2210, line 6.

12. Enter the total amount, if any, of estimated tax payments you made.

13. Add lines 11 and 12

14. Total underpayment for the year. Subtract line 13 from line 10. If zero or less, stop; you don't owe a penalty. Don't file Form 2210 unless you checked box E in Part II.

15. Multiply line 14 by .

16. If the amount on line 14 was paid on or after 4/15/ , enter -0-.

If the amount on line 14 was paid before 4/15/ , make the following computation to find the amount to enter on line 16.

Amount on line 14 × Number of days paid before 4/15/ × 0.00011.

17. Penalty. Subtract line 16 from line 15. Enter the result here

Regular Method

Figure your underpayment

4/15/

6/15/

9/15/

1/15/

18. Required installments. If box C in Part II applies, enter the amounts from Schedule AI, line 25. Otherwise, enter 25% (0.25) of line 9

19. Estimated tax paid and tax withheld (see the instructions). For column (a) only, also enter the amount from line 19 on line 23. If line 19 is equal to or more than line 18 for all payment periods, stop here; you don't owe a penalty. Don't file Form 2210 unless you checked a box in Part II . . . . . . . . . . 19 Complete lines 20 through 26 of one column before going to line 20 of the next column

20. Enter the amount, if any, from line 26 in the previous column

21. Add lines 19 and 20

22. Add the amounts on lines 24 and 25 in the previous column

23. Subtract line 22 from line 21. If zero or less, enter -0-. For column (a) only, enter the amount from line 19 .

24. If line 23 is zero, subtract line 21 from line 22. Otherwise, enter -0-

25. Underpayment. If line 18 is equal to or more than line 23, subtract line 23 from line 18. Then go to line 20 of the next column. Otherwise, go to line 26

26. Overpayment. If line 23 is more than line 18, subtract line 18 from line 23. Then go to line 20 of the next column

27. Penalty. Enter the total penalty from line 14 of the Worksheet for Form 2210, Part IV, Section B—Figure the Penalty. Also include this amount on Form 1040, line 79; Form 1040A, line 51; Form 1040NR, line 76; Form 1040NR-EZ, line 26; or Form 1041, line 26. Don't file Form 2210 unless you checked a box in Part II.

Annualized Income Installment Method

1/1/ --3/31/

1/1/ --5/31/

1/1/ --8/31/

1/1/ --12/31/

1. Enter your adjusted gross income for the period.

2. Annualization amounts.

3. Annualization Income.

4. If you itemize, enter itemized deductions for the period shown in each column. All others enter -0-, and skip to line 7. Exception: Estates and trusts, skip to line 9 and enter amount from line 3

5. Annualization amounts.

6. Multiply line 4 by line 5.

7. In each column, enter the full amount of your standard deduction from Form 1040, line 40, or Form 1040A, line 24. (Form 1040NR or 1040NR-EZ filers, enter -0-. Exception: Indian students and business apprentices, see instructions).

8. Enter the larger of line 6 or line 7.

9. Deduction for qualified business income.

10. Add lines 8 and 9.

11. Subtract line 10 from line 3.

12. Form 1040, 1040NR, or 1040NR-EZ, enter 0 in each column.

13. Subtract line 12 from line 11. If zero or less, enter -0-

14. Figure your tax on the amount on line 13 (see instructions).

15. Self-employment tax from line 36 (complete Part II below).

16. Enter other taxes for each payment period including, if applicable, Additional Medicare Tax and/or Net Investment Income Tax (see instructions).

17. Total tax. Add lines 14, 15, and 16.

18. For each period, enter the same type of credits as allowed on Form 2210, Part I, lines 1 and 3 (see instructions).

19. Subtract line 18 from line 17. If zero or less, enter -0.

20. Applicable percentage.

21. Multiply line 19 by 20.

22. Enter the total of the amounts in all previous columns of line 27.

23. Subtract line 22 from line 21. If zero or less, enter -0- .

24. Enter 25% (0.25) of line 9 on page 1 of Form 2210 in each column.

25. Subtract line 27 of the previous column from line 26 of that column.

26. Add lines 24 and 25.

27. Enter the smaller of line 23 or 26 here and on Form 2210, Part IV, line 18.

Annualized Income Regular Method

Figure your underpayment

4/18/

6/15/

9/15/

1/17/

18. Required installments. If box C in Part II applies, enter the amounts from Schedule AI, line 25. Otherwise, enter 25% (0.25) of line 9

20. Enter the amount, if any, from line 26 in the previous column

21. Add lines 19 and 20

22. Add the amounts on lines 24 and 25 in the previous column

23. Subtract line 22 from line 21. If zero or less, enter -0-. For column (a) only, enter the amount from line 19 .

24. If line 23 is zero, subtract line 21 from line 22. Otherwise, enter -0-

25. Underpayment. If line 18 is equal to or more than line 23, subtract line 23 from line 18. Then go to line 20 of the next column. Otherwise, go to line 26

26. Overpayment. If line 23 is more than line 18, subtract line 18 from line 23. Then go to line 20 of the next column