Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Refund and Amount of Tax Owed Workout

Estimated Tax Penalty

Skills Warm Up: Estimated Tax Penalty

Question 1 of 2

Taxpayers who underpaid their estimated tax liability for the previous tax year may be _____.

Subject to a penalty for underpayment of estimated tax
Required to complete Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts
Restricted from paying taxes in monthly installments
Restricted from paying taxes electronically