2210-F Underpayment of Estimated Tax by Farmers and Fishermen

2007, Form 2210-F
Underpayment of Estimated Tax by Farmers and Fisherman
Purpose: This is the first circulation draft of Form 2210-F for your review and
comments. The major changes are described below.
TPCC Meeting: No meeting is scheduled but one can be arranged upon request.
Prior Versions: The 2007 Form 2210-F is available at:
http://www.irs.gov/pub/irs-pdf/f2210f.pdf
Other products: Circulation of draft tax forms, instructions, notices, and publications
are posted at:
http://taxforms.web.irs.gov/draft_products.html
Comments: Please email, fax, call or mail me using information below and
Judy Pohlmann, (Reviewer) [email protected], with any
comments by July 18, 2007.
Shirley A.E. White - TLS
Tax Forms & Publications Rm. 6423
SE:W:CAR:MP:T:I:F
[email protected]
(202) 622-3147 Phone
(202-927-6234 Fax

Major Changes to the 2007 Form 2210-A
General changes: The years were updated to 2006, 2007, and 2008, as applicable.
Page 1
•

On line 9, a new line for the refundable credit for prior year minimum tax was
added. Subsequent lines were renumbered. P.L. 109-432, Div A, Title IV, § 402
and IRC 6654(f)(3)

•

On line 21, 2008 is a leap year; therefore the divisor was changed to 366.

Page 2
•

Line references are updated to reflect renumbering of lines on page 1.

•

Line 15 instructions show addition of line 9.

Page 3
•

Line references are updated to reflect renumbering of lines on page 1.

•

The rate (1st quarter 2008) is not yet known.

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TLS, have you
transmitted all R
text files for this
cycle update?

Date

I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 2210-F, PAGE 1 of 4
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
PAPER: WHITE, WRITING, SUB. 20
FLAT SIZE: 203 mm (8") x 279 mm (11")
PERFORATE: (NONE)

PRINTS: HEAD to HEAD
INK: BLACK

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form

2210-F

Action

Date

O.K. to print
Revised proofs
requested

OMB No. 1545-0140

Underpayment of Estimated Tax by
Farmers and Fishermen
©

Department of the Treasury
Internal Revenue Service

Name(s) shown on tax return

Signature

2007

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Attach to Form 1040, Form 1040NR, or Form 1041.
© See instructions on back.

Attachment
Sequence No.

06A

Identifying number

In most cases, you do not need to file Form 2210-F. The IRS will figure any penalty you owe and send you a
bill. File Form 2210-F only if one or both of the boxes in Part I apply to you. If you do not need to file Form
2210-F, you still can use it to figure your penalty. Enter the amount from line 21 on the penalty line of your
return but do not attach Form 2210-F.
Part I
Reasons for Filing—If box 1a below applies to you, you may be able to lower or eliminate your penalty.
But you must check that box and file Form 2210-F with your tax return. If box 1b below applies to you,
check that box and file Form 2210-F with your tax return.
1
a

Check whichever boxes apply (if neither applies, see the text above Part I and do not file Form 2210-F):
You request a waiver. In certain circumstances, the IRS will waive all or part of the penalty. See Waiver of Penalty on
page 2.
Your required annual payment (line 16 below) is based on your 2006 tax and you filed, or are filing, a joint return for either
2006 or 2007 but not for both years.

b

Part II
2

3
4
5
6
7
8
9
10
11

12
13
14
15
16

17
18

Figure Your Underpayment

Enter your 2007 tax after credits from Form 1040, line 57; Form 1040NR, line 52; or Form 1041,
Schedule G, line 4

2

Other taxes, including self-employment tax (see instructions)

3

Add lines 2 and 3. If less than $1,000, you do not owe a penalty; do not file Form 2210-F
5
Earned income credit
6
Additional child tax credit
7
Credit for federal tax paid on fuels
8
Health coverage tax credit
9
Refundable credit for prior year minimum tax
Add lines 5, 6, 7, 8, and 9
Current year tax. Subtract line 10 from line 4. If less than $1,000, you do not owe a penalty; do
not file Form 2210-F

4

12
Multiply line 11 by 662⁄ 3 % (.667)
Withholding taxes. Do not include any estimated tax payments on this line (see instructions)
Subtract line 13 from line 11. If less than $1,000, you do not owe a penalty; do not file Form
2210-F
Enter the tax shown on your 2006 tax return. Caution: See instructions
Required annual payment. Enter the smaller of line 12 or line 15
Note: If line 13 is equal to or more than line 16, stop here; you do not owe the penalty.
Do not file Form 2210-F unless you checked box 1b above.
Enter the estimated tax payments you made by January 15, 2008, and any federal income tax
and excess social security or tier 1 railroad retirement tax withheld during 2007
Underpayment. Subtract line 17 from line 16. If the result is zero or less, stop here; you do not
owe the penalty. Do not file Form 2210-F unless you checked box 1b above

Part III

10
11

13
14
15
16

17
18

Figure the Penalty

19

Enter the date the amount on line 18 was paid or April 15, 2008, whichever is earlier

19

20

Number of days from January 15, 2008, to the date on line 19

20

21

Penalty. Underpayment
on line 18

Number of days on line 20
×
.08
366
● Form 1040 filers, enter the amount from line 21 on Form 1040, line 77.
● Form 1040NR filers, enter the amount from line 21 on Form 1040NR, line 75.
● Form 1041 filers, enter the amount from line 21 on Form 1041, line 26.
×

For Paperwork Reduction Act Notice, see page 3.

Cat. No. 11745A

©

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Form

2210-F

(2007)

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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 2210-F, PAGE 2 of 4
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE, WRITING, SUB. 20
INK: BLACK
FLAT SIZE: 203 mm (8") x 279 mm (11")
PERFORATE: (NONE)
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 2210-F (2007)

Section references are to the Internal
Revenue Code.

General Instructions
Purpose of Form
If you are an individual or a fiduciary for
an estate or trust and at least two-thirds
of your 2006 or 2007 gross income is
from farming or fishing, use Form
2210-F to see if you owe a penalty for
underpaying your estimated tax.
For a definition of gross income from
farming and fishing and more details,
see chapter 2 of Pub. 505, Tax
Withholding and Estimated Tax.

The IRS Will Figure the
Penalty for You
In most cases, the IRS will figure the
penalty for you. Complete your return as
usual, leave the penalty line on your
return blank, and do not attach Form
2210-F. If you owe the penalty, we will
send you a bill. And as long as you file
your return by April 15, 2008, we will not
charge you interest on the penalty if you
pay by the date specified on the bill.
If you checked either of the
boxes in Part I of the form,
you must figure the penalty
CAUTION
yourself and attach the
completed form to your return.

Who Must Pay the
Underpayment Penalty
You may owe the penalty for 2007 if you
did not pay at least the smaller of (a)
two-thirds of the tax shown on your 2007
return, or (b) 100% of the tax shown on
your 2006 return.
Return. In these instructions, “return”
refers to your original income tax return.
However, an amended return is
considered the original return if it is filed
by the due date (including extensions) of
the original return. Also, a joint return that
replaces previously filed separate returns
is considered the original return.

Exceptions to the Penalty
You will not have to pay the penalty or
file this form if any of the following
applies.
● You file your return and pay the tax
due by March 1, 2008.
● You had no tax liability for 2006, you
were a U.S. citizen or resident alien for
all of 2006 (or an estate of a domestic
decedent or a domestic trust), and your
2006 return was (or would have been
had you been required to file) for a full
12 months.

Page

● The total tax shown on your 2007
return minus the amount of tax you paid
through withholding is less than $1,000.
To determine whether the total tax is
less than $1,000, complete lines 2
through 14.

2

Line 3

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Waiver of Penalty

If you have an underpayment on line 18,
all or part of the penalty for that
underpayment will be waived if the IRS
determines that:

● The underpayment was due to a
casualty, disaster, or other unusual
circumstance, and it would be inequitable
to impose the penalty, or
● In 2006 or 2007, you retired after
reaching age 62 or became disabled, and
your underpayment was due to
reasonable cause.
To request either of the above waivers,
do the following:
● Check the box on line 1a.

● Complete Form 2210-F up to line 21
without regard to the waiver. Enter the
amount you want waived in parentheses
on the dotted line to the left of line 21.
Subtract this amount from the total
penalty you figured without regard to the
waiver, and enter the result on line 21.

● Attach Form 2210-F and a statement
to your return explaining the reasons you
were unable to meet the estimated tax
requirements.
● If you are requesting a penalty waiver
due to a casualty, disaster, or other
unusual circumstance, attach
documentation such as copies of police
and insurance company reports.
● If you are requesting a penalty waiver
due to retirement or disability, attach
documentation that shows your
retirement date (and your age on that
date) or the date you became disabled.
The IRS will review the information you
provide and will decide whether to grant
your request for a waiver.

Specific Instructions
If you file an amended return by the due
date of your original return, use the
amounts shown on your amended return
to figure your underpayment. If you file an
amended return after the due date of
your original return, use the amounts
shown on the original return.
Exception. If you and your spouse file a
joint return after the due date to replace
previously filed separate returns, use the
amounts shown on the joint return to
figure your underpayment.

Enter the total of the following amounts
on line 3.
● Self-employment tax.

● Tax from recapture of investment
credit, low-income housing credit,
qualified electric vehicle credit, Indian
employment credit, new markets credit,
or credit for employer-provided childcare
facilities.
● Tax on early distributions from (a) an
IRA or other qualified retirement plan, (b)
an annuity, or (c) a modified endowment
contract entered into after June 20, 1988.
● Tax on distributions from a Coverdell
education savings account or a qualified
tuition program not used for qualified
education expenses.
● Tax on Archer MSA, Medicare
Advantage MSA, or health savings
account distributions not used for
qualified medical expenses.
● Section 72(m)(5) excess benefits tax.
● Advance earned income credit
payments.
● Interest due under sections 453(l)(3)
and 453A(c) on certain installment sales
of property.
● Tax on income not effectively
connected with a U.S. trade or business
from Form 1040NR, lines 53 and 56.
● An increase or decrease in tax as a
shareholder in a qualified electing fund.
● Tax on accumulation distribution of
trusts.
● Tax on electing small business trusts
included on Form 1041, Schedule G, line 7.
● Household employment taxes, before
subtracting any advance EIC payments
made to your employees. Do not include
this amount if you will enter -0- on Form
2210-F, line 13, and the amount on line
11 (excluding household employment
taxes) would be less than $1,000.
● Additional tax on income received from
a nonqualified deferred compensation
plan that fails to meet certain
requirements.

Line 13
Enter the taxes withheld shown on Form
1040, lines 64 and 67; Form 1040NR,
lines 59, 61, 66, 67, and 68. For an estate
or trust, enter the amount from Form
1041, line 24e.

Line 15
Figure your 2006 tax by using the taxes
and credits shown on your 2006 tax
return. Use the same taxes and credits
shown on lines 2, 3, 5, 6, 7, 8, and 9 of
this form.

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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 2210-F, PAGE 3 of 4; (PAGE 4 IS BLANK)
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE, WRITING, SUB. 20
INK: BLACK
FLAT SIZE: 203 mm (8") x 279 mm (11")
PERFORATE: (NONE)
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 2210-F (2007)

If you are filing a joint return for 2007
but you did not file a joint return for 2006,
add the tax shown on your 2006 return to
the tax shown on your spouse’s 2006
return and enter the total on line 15
(figured as explained above).
If you filed a joint return for 2006 but
you are not filing a joint return for 2007,
see chapter 4 of Pub. 505 to figure your
share of the 2006 tax to enter on line 15.
If you did not file a return for 2006 or if
your 2006 tax year was less than 12
months, do not complete line 15. Instead,
enter the amount from line 12 on line 16.
However, see Exceptions to the Penalty
on page 2.

Line 17
If you are a household employer and
made advance EIC payments, include
those payments as estimated tax
payments as of the date you paid the
wages to your employee(s).

Page

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Paperwork Reduction Act Notice. We
ask for the information on this form to
carry out the Internal Revenue laws of the
United States. You are required to give
us the information. We need it to ensure
that you are complying with these laws
and to allow us to figure and collect the
right amount of tax.
You are not required to provide the
information requested on a form that is
subject to the Paperwork Reduction Act
unless the form displays a valid OMB
control number. Books or records
relating to a form or its instructions must
be retained as long as their contents may
become material in the administration of
any Internal Revenue law. Generally, tax
returns and return information are
confidential, as required by section 6103.

Printed on Recycled Paper

3

The time needed to complete and file
this form will vary depending on
individual circumstances. The estimated
burden for individual taxpayers filing this
form is approved under OMB control
number 1545-0074 and is included in the
estimates shown in the instructions for
their individual income tax return. The
estimated burden for all other taxpayers
who file this form is shown below.
Recordkeeping, 39 min.; Learning
about the law or the form, 9 min.;
Preparing the form, 35 min.; Copying,
assembling, and sending the form to
the IRS, 20 min.
If you have comments concerning the
accuracy of these time estimates or
suggestions for making this form simpler,
we would be happy to hear from you.
See the instructions for the tax return
with which this form is filed.