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ES Penalty: Same Old IRS

BobKamman
Level 15

In past years, I have included the Form 2210 penalty in the amount owed on the return if it is more than $100.  IRS for decades hasn't assessed it, if it's less than that amount.  This year, on some returns where it was less than $250 or so, I omitted it and told clients to expect a bill only if there were enough people running the IRS computers to let the mail go out and then answer questions about it when people called.

Well, a client just told me that the bill for $138 has been received.  And it seems to me that IRS is being more efficient about it, because usually you wouldn't see these until July. Every dollar counts, I suppose, when you owe five trillion of them.  

1 Comment 1
IRonMaN
Level 15

Maybe they have been watching you here and just tagged all of your returns for review of underestimate payments.  The good news is, at least they aren't clearing out a cell for you in El Salvador. 😉


Slava Ukraini!