Form It/sd 2210 - Long Method Interest Penalty On Underpayment Of Ohio Or School District Income Tax - 2016 Page 8
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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 Ohio IT 1140 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. Include a copy of (i) the federal annual
income tax worksheet and (ii) this Ohio annualized income tax worksheet.
The dates below are for calendar year taxpayers. So, fiscal year filers must adjust the dates below accordingly.
B
A
C
D
1/01/16 to
1/01/16 to
1/01/16 to
1/01/16 to
6/30/16
3/31/16
9/30/16
12/31/16
10211411
N/A
....................................1.
1. Cumulative net income and gain for each period
2. Additions, including additions for related member transactions
..............2.
..............................................................................................3.
3. Deductions
4. Adjusted distributive shares for each period: each column’s line 1
plus line 2 minus line 3. If less than zero, enter -0-
................................4.
4
2
1.33
5. Annualization factor
................................................................................5.
6. Annualized adjusted distributive shares (line 4 times line 5 factor)
........6.
.
.
.
7. Apportionment ratio for each period (see instructions for Ohio IT 1140)
.....7.
8. Annualized Ohio qualifying amount (line 6 times line 7 ratio)
.................8.
9. Gross annualized tax on annualized Ohio qualifying amount for each
...........9.
period (to compute the tax, see page 2, line 10 of Ohio IT 1140)
-0-
-0-
-0-
10. Nonrefundable credits for the period
.....................................................10.
..............................................11.
11. Net annualized tax (line 9 minus line 10)
22.5%
45%
67.5%
12. Deannualization factor
..........................................................................12.
13. For columns A through C, multiply line 11 by the line 12 factor. 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.
- 8 -
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