What is the form 2210 for?

posted

It is for reporting underpayment of estimated tax.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

you are required to pay in on a timely basis at least 90% of current year tax or 100% (110% if your prior year AGI is over $150K) of your prior year tax. failure to do so results in a penalty that is computed on form 2210. this is also the form used if you qualify for a waiver.