Form Il-2210 - Computation Of Penalties For Individuals - 2010 Page 4
Download a blank fillable Form Il-2210 - Computation Of Penalties For Individuals - 2010 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Il-2210 - Computation Of Penalties For Individuals - 2010 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4Step 6: Complete the annualization worksheet for Step 2, Line 9
Complete this worksheet only if your income was not received evenly throughout the year and you choose to annualize your
income. Complete Lines 38 through 54 of one column before going to the next, beginning with Column A.
A
B
C
D
January 1, 2010
January 1, 2010
January 1, 2010
January 1, 2010
to March 31, 2010
to May 31, 2010
to August 31, 2010
to December 31, 2010
38
Write your Illinois base income
38
for each period. See instructions.
4
2.4
1.5
1
39
39
Annualization factors.
40
Multiply Line 38 by Line 39.
40
This is your annualized income.
41
41
Exemptions. See instructions.
42
Subtract Line 41 from Line 40.
42
This is your Illinois net income.
43
43
Multiply Line 42 by 3% (.03).
44
For each period, write the
amount you wrote on
44
Step 2, Line 2, Column A.
45
45
Subtract Line 44 from Line 43.
22.5% (.225)
45% (.450)
67.5% (.675)
90% (.900)
46
46
Applicable percentage.
47
Multiply Line 45 by Line 46.
This is your annualized
47
installment.
48
Add the amounts on Line 54 of
each of the preceding columns
48
and write the total here.
Skip this line for Column A.
49
Subtract Line 48 from Line 47.
49
If less than zero, write “0.”
50
Write the amount from
50
Step 2, Line 8 in each column.
51
Write the amount from Line 53
51
Skip this line for Column A.
of the preceding column.
52
52
Add Lines 50 and 51.
53
If Line 52 is greater than
Line 49, subtract Line 49 from
53
Skip this line for Column D.
Line 52. Otherwise, write “0.”
54
Write the lesser of Line 49 or
Line 52 here and on Line 9.
This is your required
54
installment.
Reset
Print
*061704110*
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide
information could result in a penalty. This form has been approved by the Forms Management Center.
IL-492-0031
Page 4 of 4
IL-2210 (R-12/10)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial