On Apr 7, 6:37*pm, davidegrif...[at]gmail.com wrote:
- quote -

the mailing date as it is for on time payments.

I suppose any excuse, even senality or ignorance of the law, will work
if they believe you.

I don't know our circumstances, but often using the form 2210
Annualized Income Method to compute your penalty can substantially
reduce the penalty because of mutual fund distributions being in
December , paying home taxes in January or February distorting your
Schedule A Itemized Deductions, and capital loss carrovers. In the
future plan these items and compute the AI installments . Defer any
IRA /pension withdrawals to after September 1 and withhold from them
what you would have paid in installments. The end result is to lower
your initial installments and avoid any inadvertant underpayments and
penalties.

ed

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Hello, I have two questions re Form 2210. For 2007, I find I've
underpaid estimated taxes and thus subject to a penalty. However, I
retired in the previous tax year (2006) at age 63 and understand I can
request a waiver for that reason. Questions: 1) How extensive should
the explanation statement be? and 2) what does the IRS consider the
"paid" date to be -- the date the payment is postmarked or the date
actually received by the IRS? Thanks very much for your help.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >