2023 Form 2210 - Underpayment Of Estimated Tax By Individuals, Estates and Trusts

Form 2210, titled "Underpayment of Estimated Tax by Individuals, Estates, and Trusts," is used by taxpayers in the United States to calculate and report any underpayment of estimated tax during the tax year. Estimated tax payments are made by individuals, estates, and trusts to the Internal Revenue Service (IRS) throughout the year, typically on a quarterly basis, to cover their expected tax liability.

If a taxpayer fails to make sufficient estimated tax payments or if the payments are not made timely, they may incur underpayment penalties. Form 2210 helps individuals, estates, and trusts determine whether they owe any penalties for underpayment and, if so, calculates the amount of the penalty.