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Line 6

minimum taxable income based on your

3. Subtract line 2 from line 1 . . . .

income and deductions during the period

Multiply line 4 by line 5 and enter the

shown in the column headings. Multiply

result on line 6. But if line 3 is more than

4. Divide the amount on line 3 by

this amount by the annualized amounts

$137,300 ($68,650 if married filing

$2,500 ($1,250 if married filing

shown on line 2 before subtracting the

separately), use the following worksheet

separately). If the result is not a

AMT exemption.

to figure the amount to enter on line 6.

whole number, increase it to the

Line 16

next whole number . . . . . . . . .

Enter the credits you are entitled to

1. Enter the amount from Schedule

5. Multiply the number on line 4 by

because of events that occurred during

AI, line 4 . . . . . . . . . . . . . . . .

.02. Enter the result as a decimal

the months shown in the column

but not more than 1 . . . . . . . .

headings. Do not annualize any credit.

2. Enter the amount included on

However, when figuring your credits, you

line 1 for medical and dental

6. Multiply $3,000 by your total

expenses, investment interest,

must annualize any item of income or

exemptions . . . . . . . . . . . . . .

casualty or theft losses, and

deduction used to figure the credit. For

gambling losses . . . . . . . . . . .

details, see Rev. Rul. 79-179, 1979-1

7. Multiply the amount on line 6 by

C.B. 436.

the decimal on line 5 . . . . . . .

3. Subtract line 2 from line 1 . . . .

Part II—Annualized

8. Subtract line 7 from line 6. Enter

Self-Employment Tax

4. Enter the number from Schedule

the result here and on Schedule

AI, line 5 . . . . . . . . . . . . . . . .

If you had net earnings from

AI, line 10 . . . . . . . . . . . . . . .

self-employment during any period,

5. Multiply the amount on line 1 by

Line 12

complete Part II for that period to figure

line 4 . . . . . . . . . . . . . . . . . .

your annualized self-employment tax.

To compute the tax, use the Tax Table,

Note: If the amount on line 3 is

Tax Rate Schedules, Capital Gain Tax

If you are married and filing a joint

zero, stop here and enter the

Worksheet, Schedule D or J, or Form

return and both you and your spouse had

amount from line 5 on Schedule

8615.

net earnings from self-employment,

AI, line 6.

complete a separate Part II for each

Line 14

spouse. Enter on line 13 the combined

6. Multiply the amount on line 3 by

Enter all of the other taxes you owed

the number on line 4 . . . . . . . .

amounts from line 34 of both Parts II.

because of events that occurred during

Line 26

the months shown in the column

7. Multiply the amount on line 6

headings. Include the same taxes used to

To figure your net earnings from

by .80 . . . . . . . . . . . . . . . . .

figure line 3 of Form 2210 (except

self-employment on line 26, multiply your

self-employment tax), the tax from Form

net profit from all trades or businesses for

8. Enter the amount from Schedule

AI, line 3 . . . . . . . . . . . . . . . .

4972, Tax on Lump-Sum Distributions,

each period by 92.35%. If you completed

and any alternative minimum tax (AMT).

the 2002 Annualized Estimated Tax

9. Enter $137,300 ($68,650 if

Individuals, use Form 6251, Alternative

Worksheet on pages 25 and 26 of Pub.

married filing separately) . . . . .

Minimum Tax — Individuals, to figure

505 (Rev. December 2001), carry the

AMT; estates and trusts, use Schedule I

amounts from line 26 of that worksheet to

10. Subtract line 9 from line 8 . . . .

of Form 1041, U.S. Income Tax Return

line 26 of Schedule AI.

for Estates and Trusts. Figure alternative

11. Multiply the amount on line 10

by .03 . . . . . . . . . . . . . . . . .

12. Enter the smaller of line 7 or

line 11 . . . . . . . . . . . . . . . . .

13. Subtract line 12 from line 5.

Enter the result here and on

Paperwork Reduction Act Notice. We ask for the information on this form to carry

Schedule AI, line 6 . . . . . . . . .

out the Internal Revenue laws of the United States. You are required to give us the

information. We need it to ensure that you are complying with these laws and to allow

Line 10

us to figure and collect the right amount of tax.

Multiply $3,000 by your total exemptions.

You are not required to provide the information requested on a form that is subject

But if line 3 is more than the amount

to the Paperwork Reduction Act unless the form displays a valid OMB control number.

shown for your filing status in the table

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

below, use the following worksheet to

contents may become material in the administration of any Internal Revenue law.

figure the amount to enter on line 10.

Generally, tax returns and return information are confidential, as required by section

6103.

Single . . . . . . . . . . . . . . . $137,300

The time needed to complete and file this form will vary depending on individual

Married filing jointly or

circumstances. The estimated average times are:

qualifying widow(er) . . . . . $206,000

Married filing separately . . $103,000

Short Method Regular Method

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

19 min.

13 min.

Head of household . . . . . . $171,650

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

15 min.

31 min.

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

39 min.

2 hr., 3 min.

Copying, assembling, and sending the form to the IRS . . . . . . .

20 min.

45 min.

1. Enter the amount from Schedule

If you have comments concerning the accuracy of these time estimates or

AI, line 3 . . . . . . . . . . . . . . . .

suggestions for making this form simpler, we would be happy to hear from you. See the

instructions for the tax return with which this form is filed.

2. Enter the amount shown for your

filing status from the above table

-5-

Instructions For Form 2210 - Underpayment Of Estimated Tax By Individuals, Estates, And Trusts - 2002 Page 5

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