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Page 6 of 6 Instructions for Form 2210

10:12 - 18-OCT-2011

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

4. Enter on line 22, column (b), one-half of the amount from

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

Form 2210, Part I, line 9. In columns (c) and (d), enter

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

one-fourth of that amount.

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

5. Skip column (b), lines 20 and 23.

chapter 4 of Pub. 505.

Part II—Annualized Self-Employment Tax

Part I—Annualized Income Installments

If you had net earnings from self-employment during any

To figure the amount of each required installment, Schedule AI

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

selects the smaller of the annualized income installment or the

self-employment tax.

regular installment (that has been increased by the amount

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

saved by using the annualized income installment method in

your spouse had net earnings from self-employment, complete

figuring any earlier installments).

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

Line 1

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

For each period (column), figure your total income minus your

Line 26

adjustments to income. Include your share of partnership or S

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

corporation income or loss items for the period.

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

If you are self-employed, be sure to take into account the

each period by 94.35% (.9435).

deduction for one-half of your self-employment tax. To figure

However, if your Form W-2 showed church employee

this amount for each period, complete Schedule AI, Part II, and

income or you deducted Conservation Reserve Program

divide the amount in columns (a) through (d) on line 34 by 8,

payments or self-employed health insurance on your Schedule

4.8, 3, and 2, respectively.

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

Line 2

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

Estates and trusts do not use the amounts shown in columns

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

(a) through (d). Instead, use 6, 3, 1.71429, and 1.09091,

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

respectively, as the annualization amounts.

SE.

Line 7

Line 28

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

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

apprentice, enter your standard deduction from Form 1040NR,

instructions to figure the additional amount to include in the

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

appropriate columns of line 28.

•

Form 4137: Include the actual unreported tips for the period

Line 10

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

For each column, multiply $3,700 by your total exemptions.

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

•

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

Form 8919: Include the actual wages for the period from

the exemption amount shown on your return.

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

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

Line 12

a specific period.

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

Worksheet, Qualified Dividends and Capital Gain Tax

Paperwork Reduction Act Notice. We ask for the information

Worksheet, Schedule D Tax Worksheet, Foreign Earned

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

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

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

appropriate. See the instructions for your tax return for the

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

applicable Tax Table or worksheet.

us to figure and collect the right amount of tax.

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

You are not required to provide the information requested on

and Capital Gain Tax Worksheet and a Foreign Earned Income

a form that is subject to the Paperwork Reduction Act unless

Tax Worksheet designed for use with Schedule AI.

the form displays a valid OMB control number. Books or

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

Line 14

long as their contents may become material in the

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

administration of any Internal Revenue law. Generally, tax

occurred during the months shown in the column headings.

returns and return information are confidential, as required by

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

section 6103.

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

The time needed to complete and file this form will vary

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

depending on individual circumstances. The estimated burden

Report Child’s Interest and Dividends; and any alternative

for individual taxpayers filing this form is approved under OMB

minimum tax (AMT).

control number 1545-0074 and is included in the estimates

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

shown in the instructions for their individual income tax return.

Alternative Minimum Tax — Individuals; Form 1040A filers use

The estimated burden for all other taxpayers who file this form

the Alternative Minimum Tax Worksheet in the Form 1040A

is shown below.

instructions; and estates and trusts use Schedule I (Form

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

Short

Regular

alternative minimum taxable income based on your income and

Method

deductions during the periods shown in the column headings.

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

13 min.

Multiply this amount by the annualization amounts shown for

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

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

15 min.

34 min.

exemption.

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

35 min.

4 hr. 1 min.

Line 16

Copying, assembling, and sending the form

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

16 min.

41 min.

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

of events that occurred during the months shown in the column

If you have comments concerning the accuracy of these time

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

estimates or suggestions for making this form simpler, we

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

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

When figuring your credits, annualize any item of income or

tax return with which this form is filed.

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

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

-6-

Instructions for Form 2210

Instructions For Form 2210 - Underpayment Of Estimated Tax By Individuals, Estates, And Trusts - 2011 Page 6

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