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Report Child’s Interest and Dividends; and any alternative

Form 4137: Include the actual unreported tips for the period

minimum tax (AMT).

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

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

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

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Form 8919: Include the actual wages for the period from

Alternative Minimum Tax — Individuals; Form 1040A filers use

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

the Alternative Minimum Tax Worksheet in the Form 1040A

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

instructions; and estates and trusts use Schedule I (Form

a specific period.

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

alternative minimum taxable income based on your income and

Paperwork Reduction Act Notice. We ask for the information

deductions during the periods shown in the column headings.

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

Multiply this amount by the annualization amounts shown for

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

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

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

exemption.

us to figure and collect the right amount of tax.

Line 16

You are not required to provide the information requested on

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

a form that is subject to the Paperwork Reduction Act unless

of events that occurred during the months shown in the column

the form displays a valid OMB control number. Books or

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

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

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

long as their contents may become material in the

administration of any Internal Revenue law. Generally, tax

When figuring your credits, annualize any item of income or

returns and return information are confidential, as required by

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

section 6103.

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

The time needed to complete and file this form will vary

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

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

depending on individual circumstances. The estimated burden

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

for individual taxpayers filing this form is approved under OMB

chapter 4 of Pub. 505.

control number 1545-0074 and is included in the estimates

shown in the instructions for their individual income tax return.

Part II—Annualized Self-Employment Tax

The estimated burden for all other taxpayers who file this form

If you had net earnings from self-employment during any

is shown below.

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

self-employment tax.

Short

Regular

Method

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

your spouse had net earnings from self-employment, complete

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

13 min.

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

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

15 min.

34 min.

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

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

35 min.

4 hr. 1 min.

Line 26

Copying, assembling, and sending the form

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

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

16 min.

41 min.

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

each period by 92.35% (.9235).

If you have comments concerning the accuracy of these time

estimates or suggestions for making this form simpler, we

However, if your Form W-2 showed church employee

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

income or you deducted Conservation Reserve Program

tax return with which this form is filed.

payments on your Schedule SE, use a separate Schedule SE

as a worksheet to calculate net earnings from self-employment

for each period. For this purpose, net earnings from

self-employment is the amount on line 4 of the Short Schedule

SE or line 6 of the Long Schedule SE.

Line 28

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

instructions to figure the additional amount to include in the

appropriate columns of line 28.

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Instructions for Form 2210

Instructions For Form 2210 - Underpayment Of Estimated Tax By Individuals, Estates, And Trusts - 2011 Page 7

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