form 2210
Who Must Pay the Underpayment Penalty
In general, you may owe the penalty for 2019 if the total of your withholding and timely estimated tax payments didn't equal at least the smaller of:
1. 90% of your 2019 tax, or
2. 100% of your 2018 tax. Your 2018 tax return must cover a 12-month period
Higher income taxpayers. If your adjusted gross income (AGI) for 2018 was more than $150,000 ($75,000 if your 2018 filing status is married filing separately), substitute 110% for 100% in (2) above
To request Waiver of Penalty
If you have an underpayment, all or part of the penalty for that underpayment will be waived if the IRS determines that:
• In 2018 or 2019, you retired after reaching age 62 or became disabled, and your underpayment was due to reasonable cause (and not willful neglect); or
• The underpayment was due to a casualty, disaster, or other unusual circumstance, and it would be inequitable to impose the penalty. For federally declared disaster areas, see Federally declared disaster, later.
To request any of the above waivers, do the following.
1. Check box A or box B in Part II of 2210.
a. If you checked box A, complete only page 1 of Form 2210 and attach it to your tax return (you aren't required to figure the amount of penalty to be waived).
b. If you checked box B, complete Form 2210 through line 16 (or if you use the regular method, line 26 plus the penalty worksheet, later) without regard to the waiver. Enter the amount you want waived in parentheses on the dotted line next to line 17 (line 27 for the regular method). Subtract this amount from the total penalty you figured without regard to the waiver, and enter the result on line 17 (line 27 for the regular method).
2. Attach Form 2210 and a statement to your return explaining the reasons you were unable to meet the estimated tax requirements and the time period for which you are requesting a waiver
this will prevent you from e-filing/ when you mail your return be sure to use a method where you gate proof of delivery. Follow TT filing instructions carefully including the need to attach any form that shows withholding.
The IRS will review the information you provide and decide whether to grant your request for a waiver
