Calculator Test

Posted by AccountingWEB US on Nov 13 2001 422 printer friendly

Estimated Tax Penalty Too High?

The IRS computes the estimated tax penalty as if your income was earned evenly over the year. If your income was not even, use the sliders below to see how it changes your penalty.

Enter the IRS penalty:

Our estimate:

Your savings:

To get the IRS to agree to a lower penalty, file IRS Form 2210. While the form is very complex, you can download software that will help.

Please Note: This computation is only an estimate.
For more information, click here [2].

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