OMB No. 1545-0140 Underpayment of Estimated Tax by

Farmers and Fishermen Form 2210-F

Department of the Treasury

Internal Revenue Service

© Attach to Form 1040, Form 1040NR, or Form 1041. Attachment

© See instructions on back. Sequence No. 06A

Name(s) shown on tax return Identifying number

Figure Your Underpayment

Enter your 1997 tax after credits from Form 1040, line 46; Form 1040NR, line 44; or Form 1041,

Schedule G, line 4. Caution: See instructions for a special rule if claiming the research credit

1

2

Other taxes. See instructions

2

3

Add lines 2 and 3

3

4

Earned income credit

4

5

Credit for Federal tax paid on fuels

5

6

Add lines 5 and 6

6

7

Current year tax. Subtract line 7 from line 4

7

8

Multiply line 8 by 662⁄3%

8

Withholding taxes. Do not include any estimated tax payments on this line. See instructions

9 9

Subtract line 10 from line 8. If less than $500, stop here; do not complete or file this form. You

do not owe the penalty

10 10

11

Enter the tax shown on your 1996 tax return. Caution: See instructions

11

Required annual payment. Enter the smaller of line 9 or line 12

12

13

Enter the estimated tax payments you made by January 15, 1998, and any Federal income tax

and excess social security or railroad retirement tax withheld during 1997

13

Underpayment. Subtract line 14 from line 13. If the result is zero or less, stop here; you do not

owe the penalty. Do not file Form 2210-F unless you checked box 1b above

14

14

Figure the Penalty

/ / 98

15

Enter the date the amount on line 15 was paid or April 15, 1998, whichever is earlier

15

16

Number of days FROM January 15, 1998, TO the date on line 16

16

Number of days on line 17

17

Penalty. .09

17

365 ● Form 1040 filers, enter the amount from line 18 on Form 1040, line 65.

● Form 1041 filers, enter the amount from line 18 on Form 1041, line 27.

Form 2210-F (1997)

Note: If line 10 is equal to or more than line 13, stop here; you do not owe the penalty. Do not

file Form 2210-F unless you checked box 1b above.

Part III

Part I

Part II

Note: In most cases, you do not need to file Form 2210-F. The IRS will figure any penalty you owe and send you a bill. File Form

2210-F only if one or both of the boxes in Part I apply to you. If you do not need to file Form 2210-F, you still may use it to

figure your penalty. Enter the amount from line 18 on the penalty line of your return, but do not attach Form 2210-F.

Reasons for Filing—If 1a below applies to you, you may be able to lower or eliminate your penalty. But

you MUST check that box and file Form 2210-F with your tax return. If 1b below applies to you, check

that box and file Form 2210-F with your tax return.

Check whichever boxes apply (if neither applies, see the Note above Part I):

You request a waiver. In certain circumstances, the IRS will waive all or part of the penalty. See the instructions for Waiver

of Penalty.

Your required annual payment (line 13 below) is based on your 1996 tax and you filed or are filing a joint return for either

1996 or 1997 but not for both years.

● Form 1040NR filers, enter the amount from line 18 on Form 1040NR, line 65.

a

b

12

18 × × 18

Cat. No. 11745A

Underpayment

on line 15 ©

1997

For Paperwork Reduction Act Notice, see back of form.
Form 2210-F (1997) Page 2

You may owe the penalty for 1997 if you did

not pay at least the smaller of (a) 662⁄3% of

the tax shown on your 1997 tax return or (b)

the tax shown on your 1996 tax return.

● An increase or decrease in tax as a

shareholder in a qualified electing fund, and

Note: If you checked either of the boxes in

Part I of the form, you must figure the penalty

yourself and attach the completed form to

your return.

● Interest due under sections 453(l)(3) and

453A(c) on certain installment sales of

property,

Line 12

Waiver of Penalty

Figure your 1996 tax by using the taxes and

credits from your 1996 tax return. Use the

same taxes and credits as shown on lines 2,

3, 5, and 6 of this form.

If you have an underpayment on line 15, all or

part of the penalty for that underpayment will

be waived if the IRS determines that:

Exceptions to the Penalty

1. The underpayment was due to a

casualty, disaster, or other unusual

circumstance, and it would be inequitable to

impose 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 2, 1998.

2. In 1996 or 1997, you retired after age 62

or became disabled, and your underpayment

was due to reasonable cause, or

2. You had no tax liability for 1996, you

were a U.S. citizen or resident for all of 1996,

and your 1996 tax return was, or would have

been had you been required to file, for a full

12 months.

If you are filing a joint return for 1997, but

you did not file a joint return for 1996, add

the tax shown on your 1996 return to the tax

shown on your spouse’s 1996 return and

enter the total on line 12 (figured as explained

above). If you filed a joint return for 1996 but

you are not filing a joint return for 1997, see

Pub. 505 to figure your share of the 1996 tax

to enter on line 12.

a. Check the box on line 1a.

3. The total tax shown on your 1997 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 2 through 11.

b. Complete Form 2210-F up to line 18

without regard to the waiver. Write the

amount you want waived in parentheses on

the dotted line to the left of line 18. Subtract

this amount from the total penalty you figured

without regard to the waiver, and enter the

result on line 18.

For a definition of gross income from

farming and fishing and more details, see

Pub. 505, Tax Withholding and Estimated

Tax. c. Attach Form 2210-F and a statement to

your return explaining the reasons you were

unable to meet the estimated tax

requirements.

Specific Instructions

Line 3

Enter the total of the following amounts on

line 3:

● Self-employment tax,

● Alternative minimum tax,

The IRS Will Figure the

Penalty for You

● Tax from recapture of investment,

low-income housing, qualified electric vehicle,

or Indian employment credits,

In most cases, the IRS will figure the penalty

for you. Complete your return as usual, leave

the penalty line on your return blank, and do

not attach Form 2210-F. If you owe the

penalty, we will send you a bill. And as long

as you file your return by April 15, 1998, we

will not charge you interest on the penalty if

you pay by the date specified on the bill.

● Tax on early distributions from (a) a

qualified retirement plan (including your IRA),

(b) an annuity, or (c) a modified endowment

contract entered into after June 20, 1988,

● Section 72(m)(5) penalty tax,

If you have comments concerning the

accuracy of these time estimates or

suggestions for making this form simpler, we

would be happy to hear from you. See the

instructions for the tax return with which this

form is filed.

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 or the form, 10 min.; Preparing the

form, 20 min.; Copying, assembling, and

sending the form to the IRS, 20 min.

If you file an amended return by the due

date of your original return, use the amounts

shown on your amended return to figure your

underpayment. If you file an amended return

after the due date of your original return, use

the amounts shown on the original return.

Line 10

Enter the taxes withheld from Form 1040,

lines 54 and 58; Form 1040NR, lines 52, 55,

58, and 59; or Form 1041, line 25e.

If you are an individual or a fiduciary for an

estate or trust and at least two-thirds of your

1996 or 1997 gross income is from farming or

fishing, use Form 2210-F to see if you owe a

penalty for underpaying your estimated tax.

Purpose of Form

Exception. If you and your spouse file a joint

return after the due date to replace previously

filed separate returns, use the amounts

shown on the joint return to figure your

underpayment.

d. If you are requesting a penalty waiver

due to a casualty, disaster, or other unusual

circumstance, attach documentation such as

police and insurance company reports.

e. If you are requesting a penalty waiver

due to retirement or disability, attach

documentation that shows your retirement

date (and your age on that date) or the date

you became disabled.

The IRS will review the information you

provide and will decide whether to grant your

request for a waiver.

To request any of the above waivers, do

the following:

Note: In these instructions, “return” refers to

your original return. However, an amended

return is considered the original return if it is

filed by the due date (including extensions) of

the original return. Also, a joint return that

replaces previously filed separate returns is

considered the original return.

If you did not file a return for 1996 or if

your 1996 tax year was less than 12 months,

do not complete line 12. Instead, enter the

amount from line 9 on line 13. However, see

Exceptions to the Penalty on this page.

● Tax on golden parachute payments,

● Advance EIC payments,

Who Must Pay the

Underpayment Penalty

You are not required to provide the

information requested on a form that is

subject to the Paperwork Reduction Act

unless the form displays a valid OMB control

number. Books or records relating to a form

or its instructions must be retained as long as

their contents may become material in the

administration of any Internal Revenue law.

Generally, tax returns and return information

are confidential, as required by section 6103.

● Tax on accumulation distribution of trusts.

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 the

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.

General Instructions

Section references are to the Internal

Revenue Code.

3. The underpayment of the installment due

January 15, 1998, was attributable to

changes made by the Taxpayer Relief Act of

1997.

Line 2

Special rule for taxpayers claiming the

research credit. All or part of your research

credit may not be allowed when figuring the

tax on lines 2 and 12. If you claimed the

regular credit, do not reduce your tax by the

amount of the credit figured for costs paid or

incurred after June 30, 1996, and before June

1, 1997. If you claimed the alternative

incremental credit, do not reduce your tax by

the amount of the credit figured for costs

paid or incurred during the first 11 months of

your first tax year beginning after June 30,

1996.

● Tax on medical savings account (MSA)

distributions not used for qualified medical

expenses,

● Tax on electing small business trusts

included on Form 1041, Schedule G,

line 8.