This form instructs taxpayers to attach it to their individual tax return, so the portion of the burden imposed on individual taxpayers should be approved under OMB Control Number 1545-0074. In its next submission under this OMB Control Number, the agency is instructed to ensure that the estimate of burden associated with this Control Number includes only the burden imposed on non-individual taxpayers. If the agency finds that the current burden estimate includes burden imposed on individual taxpayers, it must immediately submit an adjustment request that eliminates this double-counting.
Inventory as of this Action
Requested
Previously Approved
07/31/2012
36 Months From Approved
07/31/2010
599,999
0
599,999
2,405,663
0
2,342,663
0
0
0
Internal Revenue Code section 6654 imposes a penalty for failure to pay estimated tax. These forms are used by taxpayers to determine whether they are subject to the penalty and to compute the penalty if it applies. The Service uses this information to determine whether the taxpayer is subject to the penalty, and to verify the penalty amount.
US Code:
26 USC 6654
Name of Law: Failure by individual to pay estimated income tax
PL: Pub.L. 111 - 5 Div. B Name of Law: The American Recovery and Reinvestment Act
For 2009, qualified individuals with small businesses may be eligible to make smaller estimated tax payments. If you qualify, your required annual payment for 2009 is the smaller of 90% of the tax shown on your 2008 tax return or 90% of the tax shown on your 2009 tax return.
For 2009, the credits were reordered to match Form 1040. In compliance with the American Recovery and reinvestment Act, new credits added to the form:
Making Work Pay Credit,
Government retiree credits and
Hope education credit.
The changes made to the form to comply with rules and regulations in addition to the addition of the new credit lines will result in an increase of 63,000 burden hours.
$11,159
No
No
No
Uncollected
Yes
Uncollected
Mary Dowling 202 927-9874
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Form 2210-F Form 2210-F, Underpayment of Estimated Tax by Farmers and Fishermen (Farms)
ss2210.doc
Form 2210-F, Underpayment of Estimated Tax by Farmers and Fishermen (Farms)