General Instructions

Future Developments

For the latest information about developments related to Form 2210-F and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form2210f.

What's New

Personal exemption amount increased for certain taxpayers.   For tax years beginning in 2014, the personal exemption amount is increased to $3,950. There is a phaseout of the exemption, the amount of which is determined by the taxpayer's filing status and adjusted gross income.

Limit on itemized deductions.   For tax years beginning in 2014, itemized deductions for taxpayers with adjusted gross incomes above $152,250 may be reduced.

Health coverage tax credit.   The health coverage tax credit claimed on Form 8885 expired at the end of 2013.

Premium Tax Credit.   Beginning in 2014, you may be eligible to claim the premium tax credit. The premium tax credit provides assistance for premiums for health insurance coverage enrolled in through a Health Insurance Marketplace (also called an Exchange). The credit may reduce the amount of tax you owe or increase your refund. For more information, see Form 8962 and Publication 974, Premium Tax Credit.

Reminders

Additional Medicare Tax.   A 0.9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income over a threshold amount based on your filing status. See Form 8959, Additional Medicare Tax.

Net Investment Income Tax.   You may be subject to Net Investment Income Tax (NIIT). NIIT is a 3.8% tax on the lesser of net investment income or the excess of your modified adjusted gross income over a threshold amount. See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts.

Purpose of Form

If you are an individual, estate, or trust and at least two-thirds of your 2013 or 2014 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.

Who Must File Form 2210-F

If you checked box A or B in Part I of Form 2210-F, you must figure the penalty yourself and attach the completed form to your return.

The IRS Will Figure the Penalty for You

If you did not check box A or B in Part I, you do not need to figure the penalty or file Form 2210-F. 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, the IRS will send you a bill. Interest will not be charged on the penalty if you pay by the date specified on the bill.

Who Must Pay the Underpayment Penalty

You may owe the penalty for 2014 if you did not pay at least the smaller of:

  1. Two-thirds of the tax shown on your 2014 return, or

  2. 100% of the tax shown on your 2013 return (your 2013 tax return must cover a 12-month period).

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 2, 2015. If you do not file your return and pay the tax due by March 2, 2015, you may be able to request a waiver of the underpayment penalty.

  • You had no tax liability for 2013, you were a U.S. citizen or resident alien for the entire year (or an estate of a domestic decedent or a domestic trust), and your 2013 return was (or would have been had you been required to file) for a full 12 months.

  • The total tax shown on your 2014 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 1 through 9.

Waiver of Penalty

If you have an underpayment on line 13, all or part of the penalty for that underpayment will be waived if the IRS determines that:

  • In 2013 or 2014, you retired after reaching age 62 or became disabled, and your underpayment was due to reasonable cause, 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 disasters, see the separate information, later.

To request either of the above waivers, do the following.

  • Check box A in Part I.

  • Complete Form 2210-F through line 15 without regard to the waiver. Enter the amount you want waived in parentheses on the dotted line to the left of line 16. Subtract this amount from the total penalty you figured without regard to the waiver, and enter the result on line 16.

  • 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 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.

  • If you are requesting a waiver due to a casualty, disaster (other than a federally declared disaster as discussed later), or other unusual circumstance, attach documentation such as copies of police and insurance company reports.

The IRS will review the information you provide and will decide whether to grant your request for a waiver.

Federally declared disaster.   Certain estimated tax payment deadlines for taxpayers who reside or have a business in a federally declared disaster area are postponed for a period during and after the disaster. During the processing of your tax return, the IRS automatically identifies taxpayers located in a covered disaster area (by county or parish) and applies the appropriate penalty relief. Do not file Form 2210-F if your underpayment was due to a federally declared disaster. If you still owe a penalty after the automatic waiver is applied, the IRS will send you a bill.

  An individual or a fiduciary for an estate or trust not in a covered disaster area but whose books, records, or tax professionals' offices are in a covered area is also entitled to relief. Also eligible are relief workers affiliated with a recognized government or charitable organization assisting in the relief activities in a covered disaster area. If you meet either of these eligibility requirements, you must call the IRS disaster hotline at 1-866-562-5227 and identify yourself as eligible for this relief.

  Details on the applicable disaster postponement period can be found at IRS.gov. Enter "disaster relief" in the search box, then select “Tax Relief in Disaster Situations.” Select the federally declared disaster that affected you.


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