rm 22IOF

Department of the Treasury
Internal Revenue Service

Underpayment of Estimated Tax by
Farmers and Fishermen

> Attach to Form 1040 or Form 1041.
> See instructions on back.

OMB No. 1545-0140

1990

Attachment
Sequence No. 45,

Name(s) shown on tax return

Identifying number

[Part || Figure Your Underpayment

2 Other taxes (see instructions) .
3 Addlines land 2 .
4 Earned income credit

5 Credit for Federal tax on fuels .

1 Enter your 1990 tax after credits (from Form 1040, line 47; or Form 1041, Schedule G, line4). . . 1
2
3
4
5 Mi
6

6 Addlines4and5 .

7 Current year tax. Subtract line 6 from line 3

8 Multiply line 7 by 66%4% (.6667) and enter the result .

9 Withholding taxes from 1990 Form 1040, lines 55 and 59 (or Form 1041, line 24e). Include any

credit from Form 4469. (Do not include any estimated tax payments on this line.) . 9
10 Subtract line 9 from line 7. If the result is less than n $500, stop here; do not nt complete o or file this form.

You do not owe the penalty . we 10
11 Enter your prior year (1989) tax. (Caution: See instructions.) . 11
12 Required annual payment. Enter the smaller of line 8 or line 11 (see instructions) 12

Note: /f line 9 is equal to or more than line 12, stop here. You do not owe the penalty.
13 Amounts withheld during 1990 and amounts paid or credited by January 15, 1991. 13
14 Underpayment. Subtract line 13 from line 12. If the result is zero or less, do not complete o or file this

form; you do not owe the penalty . _. we _ 14
GEM) Figure the Penalty
15 Enter the date the amount on line 14 was paid or April 15, 1991, whichever is earlier . 15 91
16 Number of days after January 15, 1991, to and including the date on line 15 . 16

17 Penalty. 365

Number of days on line 16

x .11 x underpaymentonline 14 .

@ Form 1040 filers, enter the amount from line 17 on Form 1040, line 67.
@ Form 1041 filers, enter the amount from line 17 on Form 1041, line 26.

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General Instructions

Paperwork Reduction Act
Notice

We ask for the information on this form to
carry out the Internal Revenue laws of the
United States. You are required to give us
this information. We need it to ensure that
you are complying with these laws and to
allow us to figure and collect the right
amount of tax.

The time needed to complete and file this
form will vary depending on individual
circumstances. The estimated average time
is:

Recordkeeping . . 33 min.
Learning about the law

ortheform . . + Smin.
Preparing the form . 18min.
Copying, assembling, and

sending the form to IRS . . 14min.

If you have comments concerning the
accuracy of these time estimates or
suggestions for making this form more
simple, we would be happy to hear from
you. You can write to both the IRS and the
Office of Management and Budget at the
addresses listed in the instructions for the
tax return with which this form is filed.

Form 2210F (1990)


Form 2210F (1990)

Page 2

Who Must Pay the
Underpayment Penalty

You may owe a penalty if, for 1990, you did
not pay at least 6674% of your current year
(1990) tax liability or 100% of your prior
year (1989) tax liability, whichever is less. If
at least two-thirds of your 1989 or 1990
gross income is from farming or fishing, use
this form to see if you must pay a penalty
for underpaying your estimated tax.

Use Part | to see if you paid enough
estimated tax. If not, use Part Il to figure the
penalty.

Exceptions to the Penalty
You will not have to pay the penalty or file
this form if any of the following applies:

1. You file your return and pay the tax
due by March 1, 1991.

2. You had no tax liability for 1989, you
were a U.S. citizen or resident for all of
1989, and your 1989 tax return was (or
would have been had you been required to
file) for a full 12 months.

3. The total tax shown on your 1990
return minus the amount of tax you paid
through withholding is less than $500. To
determine whether the total tax is less than
$500, complete lines 1 through 10.

Additional Information

For a definition of gross income from
farming and fishing, and more information,
get Pub. 505, Tax Withholding and
Estimated Tax.

Who Must File

You must file Form 2210F if you request a
waiver of the penalty (explained later) or if
the Caution under the line 12 instructions
applies to you.

In all other cases, use of Form 2210F is
optional. If you choose to figure the penalty
yourself, enter the amount you figure on the
penalty line of Form 1040 or Form 1041;
but do not attach Form 2210F to your
return.

IRS Can Figure the Penalty

for You

In most cases IRS can figure the penalty for
you. If you want us to figure the penalty for

you, complete your return as usual. Leave
the penalty line on your return blank and do

not attach Form 2210F. If you owe the
penalty, we will send you a bill. And, as long
as you file your return by April 15, 1991, we
will not charge you interest if the bill is paid
within 10 days after the notice date.

Note: /f you are required to file Form
2210F, as explained under Who Must File,
you must figure the penalty yourself and
attach a completed form to your return.

Waiver of Penalty

If you have an underpayment on line 14, all
or part of the penalty for that underpayment
may be waived if either of the following
applies:

@ The underpayment was due to a casualty,
disaster, or other unusual circumstance and
it would be inequitable to impose the
penalty, or

@ In 1989 or 1990 you retired after age 62
or became disabled and your underpayment
was due to reasonable cause.

To claim either of the above waivers, you
must:

1. Write the word “WAIVER” on the
dotted line to the left of line 67 of Form
1040 (line 26 of Form 1041); and

2. Complete Form 2210F up to line 17
without regard to the waiver provision and
attach it to your return. Write the amount to
be waived in parentheses on the dotted line
to the left of line 17. Write “AMOUNT
WAIVED—$(amount).” Subtract the
amount waived from the total penalty you
figured without regard to the waiver, and
enter the result on line 17; and

3. Attach a statement to Form 2210F
showing which waiver you are claiming, and
a computation of the amount of the penalty
to be waived.

Line-by-Line Instructions

Line 2

Enter the total of the following amounts on
line 2:

@ Self-employment tax;

@ Alternative minimum tax;

@ Tax from recapture of investment credit
or low-income housing credit;

@ Tax on early distributions (Form 5329,
Part Il, only);

@ |.R. Code section 72(m)(5) penalty tax;

@ Excise tax on golden parachute
payments;

@ Advance earned income credit payments;
@ An increase or decrease in tax as a
shareholder in a qualified electing fund; and
@ Interest due under I.R. Code sections
453(I)(3) and 453A(c) on certain
installment sales of property.

Line 11

r Year Tax.—Figure your 1989 tax by
using the taxes and credits from your 1989
tax return. Use the same taxes and credits
as shown on lines 1, 2, 4, and 5 of this
form, and any tax on installment sales as a
dealer in personal property.

If you did not file a return for 1989 or if
your 1989 tax year was less than 12
months, do not complete line 11. Instead,
enter the amount from line 8 on line 12.
However, see Exceptions to the Penalty on
this page.

Filing Status Change.—If you are filing a
joint return for 1990, but you did not file a
joint return for 1989, add the tax shown on
your 1989 return to the tax shown on your
spouse's 1989 return and enter the total on
line 11. If you filed a joint return for 1989,
but you are not filing a joint return for
1990, see Pub. 505 to figure your share of
the 1989 tax to enter on line 11.

Line 12

Compare the amounts on lines 8 and 11.
Enter the smaller of the two amounts on
line 12.

If the amount on line 9 is equal to or more
than the amount on line 12, you will not
have to complete or attach Form 2210F
unless the Caution below applies to you.
Caution: /f the amount you enter on line 12
is your prior year tax (from line 11) and your
filing status changed, as explained under
the line 11 instructions, you must complete
and attach Form 2210F, even if you do not
owe a penalty. Write “FSC” on the dotted
line next to line 67 on Form 1040.

Line 13

Enter the estimated tax payments you made
plus any Federal income tax withheld,
excess social security tax or railroad
retirement tax paid, and any Form 4469
credit (excess hospital insurance benefits)
claimed.