Form Sd 2210-100 - Interest Penalty On Underpayment Of Ohio School District Income Tax 2007 Page 2
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2SD 2210-100
Rev. 3/08
Part II – Annualized Income Worksheet Instructions
10211411
Note: If you annualize for one period, you must annualize for all periods.
B
A
C
D
1/01/07
1/01/07
1/01/07
1/01/07
5/31/07
3/31/07
8/31/07
12/31/07
Important: Taxpayers residing in earned income only school districts
must leave lines 1 and 2 blank.
N/A
1. Cumulative Ohio taxable income for each period. Include a copy of
the federal and Ohio annualized income worksheets ....................... 1.
2. Adjustments (see line 16 instructions for Ohio form SD 100) .......... 2.
3. School district taxable income for each period: each column’s line 1
plus or minus line 2. If less than zero, enter -0-. If you reside in an
earned income only school district, enter on this line your cumula-
tive school district taxable income for each period ............................ 3.
4
2.4
1.5
4. Annualization factor ............................................................................ 4.
5. Annualized school district taxable income (line 3 times line 4 factor) 5.
6. Gross tax on annualized school district taxable income for each
period. Multiply the amount on line 5, above, by the decimal rate on
line 4 of Ohio form SD 100 ................................................................. 6.
7. If you (or your spouse if filing a joint return) reached 65 before
Jan. 1, 2008, enter the $50 senior citizen credit in the column(s) for
the period(s) in which you (or your spouse) were 65 or older ............. 7.
8. Annualized Ohio school district income tax after credits (line 6
minus line 7). If less than zero, enter -0- ............................................. 8.
22.5%
45%
67.5%
9. Deannualization factor ......................................................................... 9.
10. For columns A through C, multiply line 8 by line 9. For column
D, enter the amount from Part I, line 1 ............................................... 10.
$125
$250
$375
$500
11. Deannualized adjustment for first $500 ............................................ 11.
12. Line 10 minus line 11. If line 11 is more than line 10, enter -0- ........ 12.
13. Multiply the amount on line 9, page 1, by the percentage indicated
in each column immediately above line 14, page 1 .......................... 13.
14. Enter the smaller of line 12 or line 13 here and in the respective
columns on line 14, page 1 ............................................................... 14.
Part II – Annualized Income Worksheet Instructions
Note: If you annualize for one period, you must annualize for all periods.
If your income varied during the taxable year, you may be able to
one or more due dates and thereby lower or eliminate the interest
lower or eliminate the amount of your required installment for one
penalty for those due dates.
or more due dates by using the annualized income installment
method. For example, an owner of a Christmas tree lot who re-
The time periods listed in each column are cumulative. That is,
ceives most of his/her income toward the end of the year might
the amounts in columns A, B, C and D include amounts for all
benefit by using this method. The annualized income installment
previous periods in the taxable year. Also, note that the ending
may be less than your installment under the regular method for
dates of 5/31/07 and 8/31/07 for columns B and C do not reflect
quarterly ending dates.
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