Taxes - Why am I being charged MI-2210 penalty and interest?-2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin with Part 1: Estimated Tax Required. Enter your annual tax from the appropriate form on line 1, then calculate and enter 85% of that amount on line 2.
3. Input the payment due dates for each quarter in line 3, ensuring you follow the MM-DD-YYYY format.
4. For line 4, divide the estimated tax required by four (or the number of quarterly returns) to determine your quarterly payment.
5. Proceed to complete lines 5 through 13 one column at a time, entering prior year overpayments and amounts paid on quarterly returns as instructed.
6. In Part 2: Figuring Interest, calculate interest based on underpayment by following the specific instructions for each line.
7. Finally, in Part 3: Figuring Penalty, compute any penalties due based on late payments or non-filing as outlined in the form.

Start using our platform today to easily fill out your MI-2210 form for free!