Figure 4-A, Form 2210—Illustrated (Ivy Fields)

Summary: This is an example of page 1 of Form 2210 (2008), Underpayment of Estimated Tax by Individuals, Estates, and Trusts, for Ivy Fields. The completed line items are:

Under Part I: Required Annual Payment:
- 1. Enter your 2008 tax after credits from Form 1040, line 56 (see instructions if not filing Form 1040) field contains 11,000
- 4. Current year tax. Combine lines 1, 2 and 3. If less than $1,000, you do not owe a penalty; do not file Form 2210 field contains 11,000
- 5. Multiply line 4 by 90% (.90) field contains 9,900
- 6. Withholding taxes. Do not include any estimated tax payments (see page 2 of the instructions) field contains 1,600
- 7. Subtract line 6 from line 4. If less than $1,000, you do not owe a penalty; do not file Form 2210 field contains 9,400
- 8. Maximum required annual payment based on prior year's tax (see page 2 of the instructions). field contains 10,000
- 9. Required annual payment. Enter the smaller of line 5 or line 8 field contains 9,900

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