Calculator Test

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


Presented by
TimeValue Software

Powered by TValue ©1999

You may like these other stories...

By Alexandra DeFelice Can you sleep soundly at night knowing your firm is safe from data security breaches? We've all heard the stories of stolen laptops, hacked computers, and begrudged employees leaving the firm...
Two upcoming web seminars will focus on security related issues. The first, scheduled for October 25, will look at proven methods for measuring security. The second, to be held November 1, will explore the next generation of...
The Small Business Administration (SBA) released figures on its post-9/11 disaster lending program showing that $245 million of the total $1.2 billion lent is currently in default, representing a 20.4 percent default rate....

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.