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

• Under Part I: Required Annual Payment:
• • 1. Enter your 2009 tax after credits from Form 1040, line 55 (see instructions if not filing Form 1040) field contains 13,044
  • 2. Other taxes, including self-employment tax (see page 2 of the instructions) field contains 8,902
  • 3. Refundable credits. Enter the total of making work pay and government retiree credits, earned income credit, additional child tax credit, refundable education credit, first-time homebuyer credit, credit for federal tax paid on fuels, refundable credit for prior year minimum tax, and health coverage tax credit field contains (400)
  • 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 21,546
  • 5. Multiply line 4 by 90% (.90) field contains 19,391
  • 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 19,946
  • 8. Maximum required annual payment based on prior year's tax (see page 2 of the instructions). field contains 12,400
  • 9. Required annual payment. Enter the smaller of line 5 or line 8 field contains 12,400

Close Window