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Line 7

Line 26

If you are a resident of India and a student or business

Generally, to figure your net earnings from self-employment on

apprentice, enter your standard deduction from Form 1040NR,

line 26, multiply your net profit from all trades or businesses for

line 38; or Form 1040NR-EZ, line 11.

each period by 92.35% (.9235).

However, if your Form W-2 showed church employee

Line 10

income or you deducted Conservation Reserve Program

For each column, multiply $3,650 by your total exemptions.

payments or self-employed health insurance on your Schedule

Estates, trusts, and Form 1040NR or 1040NR-EZ filers. Use

SE, use a separate Schedule SE as a worksheet to calculate

the exemption amount shown on your return.

net earnings from self-employment for each period. For this

Line 12

purpose, net earnings from self-employment is the amount on

line 4 of the Short Schedule SE or line 6 of the Long Schedule

To compute the tax, use the Tax Table, Tax Computation

SE.

Worksheet, Qualified Dividends and Capital Gain Tax

Line 28

Worksheet, Schedule D Tax Worksheet, Foreign Earned

Income Tax Worksheet, Schedule J, or Form 8615, as

If you filed Form 4137 or Form 8919, use the following

appropriate. See the instructions for your tax return for the

instructions to figure the additional amount to include in the

applicable Tax Table or worksheet.

appropriate columns of line 28.

•

Note. Chapter 4 of Pub. 505 contains a Qualified Dividends

Form 4137: Include the actual unreported tips for the period

and Capital Gain Tax Worksheet and a Foreign Earned Income

subject to social security tax. This will be the amount on Form

Tax Worksheet designed for use with Schedule AI.

4137, line 10, when the form is completed for a specific period.

•

Form 8919: Include the actual wages for the period from

Line 14

which the social security tax was not withheld. This will be the

Enter all of the other taxes you owed because of events that

amount on Form 8919, line 10, when the form is completed for

occurred during the months shown in the column headings.

a specific period.

Include the same taxes used to figure Form 2210, Part I, line 2

(except self-employment tax), plus the tax from Form 4972, Tax

Paperwork Reduction Act Notice. We ask for the information

on Lump-Sum Distributions; Form 8814, Parents’ Election To

on this form to carry out the Internal Revenue laws of the United

Report Child’s Interest and Dividends; and any alternative

States. You are required to give us the information. We need it

minimum tax (AMT).

to ensure that you are complying with these laws and to allow

us to figure and collect the right amount of tax.

To figure the AMT, Form 1040 filers use Form 6251,

Alternative Minimum Tax — Individuals; Form 1040A filers use

You are not required to provide the information requested on

the Alternative Minimum Tax Worksheet in the Form 1040A

a form that is subject to the Paperwork Reduction Act unless

instructions; and estates and trusts use Schedule I (Form

the form displays a valid OMB control number. Books or

1041), Alternative Minimum Tax — Estates and Trusts. Figure

records relating to a form or its instructions must be retained as

alternative minimum taxable income based on your income and

long as their contents may become material in the

deductions during the periods shown in the column headings.

administration of any Internal Revenue law. Generally, tax

Multiply this amount by the annualization amounts shown for

returns and return information are confidential, as required by

each column on Schedule AI, line 2, before subtracting the AMT

section 6103.

exemption.

The time needed to complete and file this form will vary

depending on individual circumstances. The estimated burden

Line 16

for individual taxpayers filing this form is approved under OMB

For each column, enter the credits you are entitled to because

control number 1545-0074 and is included in the estimates

of events that occurred during the months shown in the column

shown in the instructions for their individual income tax return.

headings. These are the credits you used to arrive at the

The estimated burden for all other taxpayers who file this form

amounts on lines 1 and 3 of Part I, Required Annual Payment.

is shown below.

When figuring your credits, annualize any item of income or

deduction used to figure each credit. For example, if your

Short

Regular

earned income (and AGI) for the first period (column (a)) is

Method

$8,000 and you qualify for the earned income credit (EIC), use

Recordkeeping . . . . . . . . . . . . . . . . . . . .

13 min.

your annualized earned income ($32,000) to figure your EIC for

Learning about the law or the form . . . . . .

15 min.

34 min.

column (a). See the example under Completing Schedule AI in

chapter 4 of Pub. 505.

Preparing the form . . . . . . . . . . . . . . . . . .

35 min.

4 hr. 1 min.

Part II—Annualized Self-Employment Tax

Copying, assembling, and sending the form

to the IRS . . . . . . . . . . . . . . . . . . . . . . . .

16 min.

41 min.

If you had net earnings from self-employment during any

period, complete Part II for that period to figure your annualized

If you have comments concerning the accuracy of these time

self-employment tax.

estimates or suggestions for making this form simpler, we

If you are married and filing a joint return and both you and

would be happy to hear from you. See the instructions for the

your spouse had net earnings from self-employment, complete

tax return with which this form is filed.

a separate Part II for each spouse. Enter on line 13 of Schedule

AI, Part I, the combined amounts from line 34 of both Parts II.

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Instructions for Form 2210

Instructions For Form 2210 - Underpayment Of Estimated Tax By Individuals, Estates, And Trusts - 2010 Page 6

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