Instructions For Form It-210 - Underpayment Of Estimated Tax By Individuals - 2006 Page 2
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1
2
3
4*P29200601W*
A
I
W
- I
NNUALIZED
NCOME
ORKSHEET
NSTRUCTIONS
Line 1 - Total income. Figure your total income through the period
Line 9 - Credits against tax. Show any credits against your West
indicated at the top of each column, including any adjustments to income
Virginia tax liability except West Virginia income tax withheld and esti-
includible in your federal adjusted gross income.
mated tax payments.
Line 3 - Annualized income. Multiply the amount on line 1 by the
Line 10 - Tax after credits. Subtract line 9 from line 8; if line 9 is larger
annualization factors on line 2.
than line 8, enter zero.
Complete lines 12 through 19 for each column before moving to
Line 4 - West Virginia modifications to income. Enter any modifica-
.
the next column.
tions to federal adjusted gross income which would be allowed on your
2006 West Virginia personal income tax return. Be sure to show any
Line 12 - Required payments. Multiply the amount on line 10 by the
negative figures.
factor on line 11.
Line 5 - West Virginia income. Combine lines 3 and 4; annualized
Line 13 - Previous required installments. Add the amounts from line
income plus or minus modifications.
19 of all previous columns and enter the sum.
Line 6 - Exemption allowance. Multiply the number of exemptions you
Line 14 - Annualized installment. Subtract line 13 from line 12. If less
are allowed to claim by $2,000; if you must claim zero exemptions, enter
than zero, enter zero.
$500 on this line.
Line 15 - Enter one-fourth of line 8 of Form IT-210 in each column.
Line 7 - Annualized taxable income. Subtract line 6 from line 5.
Line 16 - Enter the amount from line 18 of the previous column of this
Line 8 - Tax. Compute the tax on the taxable income shown on line 7. If
worksheet.
you are not subject to Federal Minimum Tax, use the tax tables or
rate schedules to calculate your tax. If you are subject to Federal
Line 17 - Add lines 15 and 16 and enter the total.
Minimum Tax, multiply the Federal Minimum Tax by .25, and compare
that figure with the tax from the tax tables or rate schedules; the larger of
Line 18 - Subtract line 14 from line 17. If less than zero, enter zero.
the two figures is your tax. If you are filing a nonresident/part-year
resident return, multiply the tax figure already calculated by the ratio of
Line 19 - Required installment. Compare lines 14 and 17 and enter the
your West Virginia income to your federal income.
smaller figure here and on line 16 of Form IT-210.
ANNUALIZED INCOME WORKSHEET
1/1/06 - 3/31/06
1/1/06 - 5/31/06
1/1/06 - 8/31/06
1/1/06- 12/31/06
1.
Federal adjusted gross income year-to-date.
2.
Annualization amounts ..................................
4
2.4
1.5
1
3.
Annualized income (line 1 X line 2) ...............
4.
Modifications to income (see instructions) .........
5.
West Virginia adjusted gross income
(combine lines 3 and 4) .................................
6.
Exemption allowance .....................................
7.
West Virginia taxable income ........................
8.
Annualized tax ................................................
9.
Credits against tax .........................................
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
DO NOT INCLUDE TAX WITHHELD
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
OR ESTIMATED PAYMENTS!
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2
10.
Subtract line 9 from line 8
(if less than zero, enter zero) .........................
67.5%
22.5%
45%
90%
11.
Applicable percentage .......................................
12.
Multiply line 10 X line 11 .................................
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
13.
Add the amounts in all
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
previous columns of line 19 ...........................
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
14.
Subtract line 13 from line 12
(if less than zero, enter zero) .........................
15.
Enter 1/4 of line 8 of Form IT-210
in each column ...............................................
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
16.
Enter the amount from line 18 of the
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
previous column of this worksheet ................
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5
17.
Add lines 15 and 16 and enter the total .........
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
18.
Subtract line 14 from line 17 (if less than
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
zero, enter zero) ..............................................
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6
19.
Enter the smaller of line 14 or line 17 here
and on Form IT-210, line 16 ...........................
NOTE: The sum of all columns for line 19 should equal line 8, Part II, of IT-210.
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