Federal Free Printable 2016 Form 2210 for 2017 Federal Underpayment of Estimated Tax by Individuals, Estates, and Trusts

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Underpayment of Estimated Tax by Individuals, Estates, and Trusts
2016 Form 2210

Form 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts Department of the Treasury Internal Revenue Service ▶ Information OMB No. 1545-0074 about Form 2210 and its separate instructions is at www.irs.gov/form2210. ▶ Attach to Form 1040, 1040A, 1040NR, 1040NR-EZ, or 1041. 2016 Attachment Sequence No. 06 Identifying number Name(s) shown on tax return Do You Have To File Form 2210? Complete lines 1 through 7 below. Is line 7 less than $1,000? ▼ No Complete lines 8 and 9 below. Is line 6 equal to or more than line 9? ▼ ▶ Yes ▶ No You may owe a penalty. Does any box in Part II below apply? No ▼ Don't file Form 2210. You aren't required to figure your penalty because the IRS will figure it and send you a bill for any unpaid amount. If you want to figure it, you may use Part III or Part IV as a worksheet and enter your penalty amount on your tax return, but don't file Form 2210. Part I Yes Yes ▶ Don't file Form 2210. You don't owe a penalty. You don't owe a penalty. Don't file Form 2210 (but if box E in Part II applies, you must file page 1 of Form 2210). You must file Form 2210. Does box B, C, or D in Part II apply? No Yes ▶ You must figure your penalty. ▼ You aren't required to figure your penalty because the IRS will figure it and send you a bill for any unpaid amount. If you want to figure it, you may use Part III or Part IV as a worksheet and enter your penalty amount on your tax return, but file only page 1 of Form 2210. Required Annual Payment 1 Enter your 2016 tax after credits from Form 1040, line 56 (see instructions if not filing Form 1040) 1 2 Other taxes, including self-employment tax and, if applicable, Additional Medicare Tax and/or Net Investment Income Tax (see instructions) . . . . . . . . . . . . . . . . . . . 2 ) 3 Refundable credits, including the premium tax credit (see instructions) . . . . . . . . . 3 ( 4 Current year tax. Combine lines 1, 2, and 3. If less than $1,000, stop; you don't owe a penalty. 4 Don't file Form 2210 . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Multiply line 4 by 90% (0.90) . . . . . . . . . . . . . 5 6 Withholding taxes. Don't include estimated tax payments (see instructions) . . . . . . . 6 7 Subtract line 6 from line 4. If less than $1,000, stop; you don't owe a penalty. Don't file Form 2210 7 8 Maximum required annual payment based on prior year’s tax (see instructions) . . . . . . 8 9 Required annual payment. Enter the smaller of line 5 or line 8 . . . . . . . . . . . 9 Next: Is line 9 more than line 6? No. You don't owe a penalty. Don't file Form 2210 unless box E below applies. Yes. You may owe a penalty, but don't file Form 2210 unless one or more boxes in Part II below applies. • If box B, C, or D applies, you must figure your penalty and file Form 2210. • If box A or E applies (but not B, C, or D) file only page 1 of Form 2210. You aren't required to figure your penalty; the IRS will figure it and send you a bill for any unpaid amount. If you want to figure your penalty, you may use Part III or IV as a worksheet and enter your penalty on your tax return, but file only page 1 of Form 2210. Part II Reasons for Filing. Check applicable boxes. If none apply, don't file Form 2210. A You request a waiver (see instructions) of your entire penalty. You must check this box and file page 1 of Form 2210, but you aren't required to figure your penalty. B You request a waiver (see instructions) of part of your penalty. You must figure your penalty and waiver amount and file Form 2210. C Your income varied during the year and your penalty is reduced or eliminated when figured using the annualized income installment method. You must figure the penalty using Schedule Al and file Form 2210. D Your penalty is lower when figured by treating the federal income tax withheld from your income as paid on the dates it was actually withheld, instead of in equal amounts on the payment due dates. You must figure your penalty and file Form 2210. E You filed or are filing a joint return for either 2015 or 2016, but not for both years, and line 8 above is smaller than line 5 above. You must file page 1 of Form 2210, but you aren't required to figure your penalty (unless box B, C, or D applies). For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11744P Form 2210 (2016) Page 2 Form 2210 (2016) Part III Short Method Can You Use the Short Method? You can use the short method if: • You made no estimated tax payments (or your only payments were withheld federal income tax), or • You paid the same amount of estimated tax on each of the four payment due dates. You must use the regular method (Part IV) instead of the short method if: • You made any estimated tax payments late, • You checked box C or D in Part II, or • You are filing Form 1040NR or 1040NR-EZ and you didn't receive wages as an employee subject to U.S. income tax withholding. Note: If any payment was made earlier than the due date, you can use the short method, but using it may cause you to pay a larger penalty than the regular method. If the payment was only a few days early, the difference is likely to be small. Must You Use the Regular Method? 10 Enter the amount from Form 2210, line 9 . . . . . . . . 11 Enter the amount, if any, from Form 2210, line 6 . . . . . . . 11 12 Enter the total amount, if any, of estimated tax payments you made . 12 13 Add lines 11 and 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . . . . . . . 13 14 Total underpayment for 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 . . . . . . . . . . 14 15 Multiply line 14 by 0.02656 . . 15 16 • If the amount on line 14 was paid on or after 4/15/17, enter -0-. • If the amount on line 14 was paid before 4/15/17, make the following computation to find the amount to enter on line 16. Amount on Number of days paid line 14 × before 4/15/17 × 0.00011 . . . . . . . . . . 16 17 Penalty. Subtract line 16 from line 15. Enter the result here and 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 . . . . . . . . . . . . 17 . . . . . . . . . . . . . . . . . . . . . . ▶ Form 2210 (2016) Page 3 Form 2210 (2016) Part IV Regular Method (See the instructions if you are filing Form 1040NR or 1040NR-EZ.) Payment Due Dates Section A—Figure Your Underpayment (a) (b) (c) 4/15/16 6/15/16 (d) 1/15/17 9/15/16 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, Form 2210, in each column . . . . . . . . . . . . . 18 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 . . . . . . . . . . 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 . . . . . . . . . . . . . . . 19 20 21 22 23 Subtract line 22 from line 21. If zero or less, enter -0-. For column (a) only, enter the amount from line 19 . . . . . . . . . . . . . . . . . 23 24 If line 23 is zero, subtract line 21 from line 22. Otherwise, enter -0- . . . . . . . . . . . 24 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 . ▶ 25 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 . . . . . . . . . . . . 26 Section B—Figure the Penalty (Use the Worksheet for Form 2210, Part IV, Section B—Figure the Penalty in the instructions.) 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 27 Form 2210 (2016) Page 4 Form 2210 (2016) Schedule AI—Annualized Income Installment Method (See the instructions.) Estates and trusts, don't use the period ending dates shown to the right. Instead, use the following: 2/29/16, 4/30/16, 7/31/16, and 11/30/16. Part I (a) 1/1/16–3/31/16 (b) 1/1/16–5/31/16 (c) 1/1/16–8/31/16 (d) 1/1/16–12/31/16 Annualized Income Installments 1 Enter your adjusted gross income for each period (see instructions). (Estates and trusts, enter your taxable income without your exemption for each period.) . . 2 Annualization amounts. (Estates and trusts, see instructions) 3 Annualized income. Multiply line 1 by line 2 . . . 1 2 3 4 2.4 1.5 1 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 (see instructions if line 3 is more than $155,650) 4 5 6 4 2.4 1.5 1 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 Subtract line 8 from line 3 . . . . . . . . . 7 8 9 10 In each column, multiply $4,050 by the total number of exemptions claimed (see instructions if line 3 is more than $155,650). (Estates, trusts, and Form 1040NR or 1040NR-EZ filers, see instructions.) . . 11 Subtract line 10 from line 9. If zero or less, enter -012 Figure your tax on the amount on line 11 (see instructions) 13 Self-employment tax from line 34 (complete Part II below) 10 11 12 13 22.5% 45% 67.5% 90% 14 Enter other taxes for each payment period including, if applicable, Additional Medicare Tax and/or Net Investment Income Tax (see instructions) 15 Total tax. Add lines 12, 13, and 14 . . . . . . 16 For each period, enter the same type of credits as allowed on Form 2210, Part I, lines 1 and 3 (see instructions) . . 17 Subtract line 16 from line 15. If zero or less, enter -0- . 18 Applicable percentage . . . . . . . . . . 19 Multiply line 17 by line 18 . . . . . . . . . Complete lines 20–25 of one column before going to line 20 of the next column. 20 Enter the total of the amounts in all previous columns of line 25 21 Subtract line 20 from line 19. If zero or less, enter -0- . 22 Enter 25% (0.25) of line 9 on page 1 of Form 2210 in each column 23 Subtract line 25 of the previous column from line 24 of that column . . . . . . . . . . . . . 24 Add lines 22 and 23 . . . . . . . . . . . 25 Enter the smaller of line 21 or line 24 here and on Form 2210, Part IV, line 18 . . . . . . . . ▶ Part II 14 15 16 17 18 19 20 21 22 23 24 25 Annualized Self-Employment Tax (Form 1040 and Form 1040NR filers only) 26 Net earnings from self-employment for the period (see instructions) . . . . . . . . . . . . 26 27 Prorated social security tax limit . . . . . . . 27 28 Enter actual wages for the period subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax. Exception: If you filed Form 4137 or Form 8919, see instructions 29 Subtract line 28 from line 27. If zero or less, enter -0- . 30 Annualization amounts . . . . . . . . . . 31 Multiply line 30 by the smaller of line 26 or line 29 . 32 Annualization amounts . . . . . . . . . . 33 Multiply line 26 by line 32 . . . . . . . . . 34 Add lines 31 and 33. Enter here and on line 13 above . ▶ 28 29 30 31 32 33 34 $29,625 $49,375 $79,000 $118,500 0.496 0.2976 0.186 0.124 0.116 0.0696 0.0435 0.029 Form 2210 (2016)
Extracted from PDF file 2016-federal-form-2210.pdf, last modified December 2016

More about the Federal Form 2210 Individual Income Tax Estimated TY 2016

If you failed to pay or underpaid your previous year's estimated income tax, use Form 2210 to calculate, file, and pay any penalties or fees due with your late payment.

We last updated the Underpayment of Estimated Tax by Individuals, Estates, and Trusts in January 2017, so this is the latest version of Form 2210, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form 2210 directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Individual Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 1040-V Payment Voucher
1040 (Schedule A) Itemized Deductions
Form 1040 U.S. Individual Income Tax Return
1040 (Schedule B) Interest and Ordinary Dividends
1040 (Schedule SE) Self-Employment Tax

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 2210 from the Internal Revenue Service in January 2017.

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Form 2210 is a Federal Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Federal Form 2210

We have a total of six past-year versions of Form 2210 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form 2210

2016 Form 2210

Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2015 Form 2210

2015 Form 2210

Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2014 Form 2210

2014 Form 2210

Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2013 Form 2210

2013 Form 2210

Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2012 Form 2210

2012 Form 2210

Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2011 Form 2210

2011 Form 2210


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