Figure 4-B, Regular Method—Illustrated (Ben and Sally Brown)
Summary: This is an example of page 1 of Form 2210 (2010), Underpayment
of Estimated Tax by Individuals, Estates, and Trusts, for Figure 4-B, Regular
Method—Illustrated (Ben and Sally Brown). The completed line items are:
- Under
Part I: Required Annual Payment
: -
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1. Enter your 2010 tax after credits from Form 1040, line
55 (see instructions if not filing Form 1040)
field contains 6,871 -
2. Other taxes, including self-employment tax (see page 2
of the instructions)
field contains 1,413 -
Refundable credits. Enter the total of your making work pay,
earned income credit, additional child tax credit, American opportunity credit
(Form 8863, line 14), first-time homebuyer credit (Form 5405, line 10), credit
for federal tax paid on fuels, adoption credit, refundable credit for prior year
minimum tax (Form 8801, line 27), and health coverage tax credit
field contains (800) -
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 7,484 -
5. Multiply line 4 by 90% (.90)
field contains 6,736 -
6. Withholding taxes. Do not include estimated tax payments.
(see page 3 of the instructions)
field contains 1,584 -
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 5,900 -
8. Maximum required annual payment based on prior year's tax
(see page 3 of the instructions)
field contains 8,116 -
9. Required annual payment. Enter the smaller of line 5 or
line 8
field contains 6,736
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