Form It/sd 2210 - Long Method Interest Penalty On Underpayment Of Ohio Or School District Income Tax - 2016 Page 5
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IT/SD 2210 Long
Taxpayer’s name
Taxpayer’s SSN or FEIN
Rev. 12/16
2016 Ohio IT/SD 2210
Annualized Income Worksheet for SD 100 Filers – Long Method
Note: If you annualize for one period, you must annualize for all periods. The time periods listed in each column are cumulative. That
is, the amounts in columns B, C and D include amounts for all previous periods in the taxable year. Note that the ending dates of 5/31/16
and 8/31/16 for columns B and C do not reflect quarterly ending dates. Include a copy of (i) the federal annual income tax worksheet and
(ii) this Ohio annualized income tax worksheet.
A
B
C
D
1/01/16
1/01/16
1/01/16
1/01/16
3/31/16
5/31/16
8/31/16
12/31/16
10211411
N/A
1. Cumulative Ohio taxable income for each period. If you reside in an
earned income only school district, enter on this line your cumulative
............................1.
school district taxable earned income for each period
2. Small business investor income deduction add-back. Earned income
only taxpayers must leave this line blank
................................................2.
3. Annualized total traditional tax base school district income (line 1
plus line 2)
...............................................................................................3.
4. Part-year resident adjustment (see line 22 instructions for SD 100).
Earned income only taxpayers must leave this line blank
......................4.
5. School district taxable income for each period (line 3 minus line 4).
.......................................................................5.
If less than zero, enter -0-
4
2.4
1.5
6. Annualization factor
.................................................................................6.
7. Annualized school district taxable income (line 5 times line 6 factor)
........7.
8. Tax decimal rate for the school district (see the school district section
.
.
.
of the 2016 Ohio 1040 booklet)
...............................................................8.
9. Gross tax on annualized school district taxable income for each period.
Multiply the amount on line 7, above, by the decimal rate on line 8
........9.
10. If you (or your spouse if filing a joint return) reached age 65 before
Jan. 1, 2016, enter the $50 senior citizen credit in the column(s) for
the period(s) in which you (or your spouse) were 65 or older
...............10.
11. Annualized Ohio school district income tax after credits (line 9 minus
line 10). If less than zero, enter -0-
.......................................................11.
22.5%
45%
67.5%
12. Deannualization factor
..........................................................................12.
13. For columns A through C, multiply line 11 by line 12. For column D,
enter the amount from page 2, line 4
....................................................13.
14. Amount from page 2, line 1, (enter the same amount in all four col-
umns)
....................................................................................................14.
25%
50%
75%
100%
15. Applicable percentage
...........................................................................15.
16. Line 14 times line 15
.............................................................................16.
$125
$250
$375
$500
17. Deannualized adjustment for first $500
................................................17.
............18.
18. Line 16 minus line 17. If line 17 is more than line 16, enter -0-
19. Enter in columns A, B, C and D, respectively, 25%, 50%, 75% and
100% of the amount shown on page 2, line 5
.......................................19.
20. Enter here and in the respective columns on page 3, line 1 the small-
est of lines 13, 18 or 19
.........................................................................20.
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