Annualized Income Installment Worksheet For Underpayment Of Estimated Tax
ADVERTISEMENT
1
2
3Annualized Income Installment Worksheet for
Underpayment of Estimated Tax
(see instructions on reverse)
A
B
C
D
First three
First five
First eight
First eleven
months
months
months
months
of tax year
of tax year
of tax year
of tax year
1.
Annualization periods.
1
2.
Enter taxable income for each annualization period.
2
4
2.4
1.5
1.09091
3.
Annualization amounts.
3
4.
Annualized taxable income. Multiply line 2 by line 3.
4
5.
Calculate the tax on the amount in each column on line 4
using the tax table on page 6 of the booklet instructions.
5
6.
Enter alternative minimum tax for each payment period
(See instructions).
6
7.
Total tax. Add lines 5 and 6.
7
8.
For each period, enter the same type of credits as allowed
on Form 2220ME, line 1 (See instructions).
8
9.
Total tax after credits. Subtract line 8 from line 7.
If zero or less, enter 0.
9
25%
50%
75%
100%
10. Applicable percentage.
10
11. Multiply line 9 by line 10.
11
12. Add the amounts in all preceding columns of line 18
(See instructions).
12
13. Annualized income installments. Subtract line 12 from
line 11. If zero or less, enter 0.
13
14. Enter 25% of line 4 of Form 2220ME in each column.
(Note: “Large corporations” see instructions.)
14
15. Enter the amount from line 17 of the preceding column.
15
16. Add lines 14 and 15.
16
17. If line 16 is more than line 13, subtract line 13 from line 16;
otherwise, enter 0.
17
18.
Required installments.
Enter the smaller of line 13 or
line 16 here and on Form 2220ME, line 5.
18
ADVERTISEMENT
0 votes
Related Articles
Related forms
Maine Annualized Income Installment Worksheet For Underpayment Of Estimated Tax Corporations And Financial Institutions - 2015
Financial
Worksheet In-152a - Annualized Income Installment Method For Underpayment Of 2015 Estimated Individual Income Tax - 2015
Financial
Related Categories
Parent category: Financial