IRS Estimated Tax penalty


S

scott s.

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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E

ed

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
 
S

scott s.

ed said:
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.
...
 
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E

ed

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
 

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