Figure 4-A, Short Method—Illustrated (Ivy Fields)
Summary: This is an example of page 1 of Form 2210 (2011), 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 2011 tax after credits from Form 1040, line 55 (see instructions if not filing Form
1040)
field contains 13,0442. Other taxes, including self-employment tax (see page 2 of the
instructions)
field contains 8,9023. Refundable credits. Enter the total of 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 04. 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 21,9465. Multiply line 4 by 90% (.90)
field contains 19,7516. Withholding taxes. Do not include any estimated tax payments (see page 3 of the
instructions)
field contains 1,6007. Subtract line 6 from line 4. If less than $1,000, you do not owe a penalty; do not file Form
2210
field contains 20,3468. Maximum required annual payment based on prior year's tax (see page 3 of the
instructions).
field contains 12,4009. Required annual payment. Enter the smaller of line 5 or line
8
field contains 12,400
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