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Subject Author Date
IRS Estimated Tax penalty scott s. 06-10-2008
Posted by scott s. on June 10, 2008, 3:43 pm
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Got a letter (4 actually) from Memphis IRS assessing interest and
penalty for underpaying 2007 estimates. The thing is, I sent in a
2210 with my return, but the letter makes no reference to it. I
looked at the interest they figured, and it appears to be
based on using the "regular method" to figure estimates.
On my 2210 I checked the "annualized income method" box and
completed the appropriate AI section. So I wrote a cover letter
explaining and included a copy of my 2210 and sent to the reply address
on the notice. But I'm wondering if I should do something more pro-
active?

scott s.
..

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<< nor can it used, for the purpose of avoiding penalties >>
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Posted by ed on June 10, 2008, 6:12 pm
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> Got a letter (4 actually) from Memphis IRS assessing interest and
> penalty for underpaying 2007 estimates.  The thing is, I sent in a
> 2210 with my return, but the letter makes no reference to it.  I
> looked at the interest they figured, and it appears to be
> based on using the "regular method" to figure estimates.
> On my 2210 I checked the "annualized income method" box and
> completed the appropriate AI section.  So I wrote a cover letter
> explaining and included a copy of my 2210 and sent to the reply address
> on the notice.  But I'm wondering if I should do something more pro-
> active?
>
> scott s.

It could be you didn't fill in the penalty section. Otherwise, they
probably overlooked it (although you'd think that would be pretty hard
to do). What you did is correct but check to make sure all pages of
the form are completed.

ed

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by scott s. on June 11, 2008, 2:11 am
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>
> It could be you didn't fill in the penalty section. Otherwise, they
> probably overlooked it (although you'd think that would be pretty
> hard to do). What you did is correct but check to make sure all
> pages of the form are completed.

Thanks. I probably would have liked it better if they had said they
hadn't received my 2210, or said they did and didn't like it so I
would have an idea of what the problem is.

scott s.
..

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by ed on June 11, 2008, 12:03 pm
Please log in for more thread options
>
>
>
> > It could be you didn't fill in the penalty section.  Otherwise, they
> > probably overlooked it (although you'd think that would be pretty
> > hard to do).  What you did is correct but check to make sure all
> > pages of the form are completed.
>
> Thanks.  I probably would have liked it better if they had said they
> hadn't received my 2210, or said they did and didn't like it so I
> would have an idea of what the problem is.
>
> scott s.

>From what I see on other boards it is not unusual for them to overlook
your 2210 AI, even though it is 4 pages long, so just check to make
sure it is complete and send again as you have done.

ed

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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