Calculator Test

Posted by AccountingWEB US on Nov 13 2001 424 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.

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