Form It/sd 2210 - Long Method Interest Penalty On Underpayment Of Ohio Or School District Income Tax - 2016 Page 9
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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 4708 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.
The dates below are for calendar year taxpayers. So, fiscal year filers must adjust the dates below accordingly.
A
B
C
D
1/01/16 to
1/01/16 to
1/01/16 to
1/01/16 to
3/31/16
5/31/16
8/31/16
12/31/16
10211411
N/A
1. Cumulative net income and gain for each period
....................................1.
2. Additions to federal adjusted gross income
............................................2.
3. Deductions
..............................................................................................3.
4. Income to be allocated and apportioned for each period: each column’s
line 1 plus line 2 minus line 3. If less than zero, enter -0-
.........................4.
4
2.4
1.5
5. Annualization factor
.................................................................................5.
6. Annualized income to be allocated and apportioned (line 4 times line
5 factor)
...................................................................................................6.
7. Less: Annualized allocable income everywhere (include explanation
and supporting schedules; all income is presumed to be business
....................................................................................................7.
income)
8. Annualized apportionable income (line 6 minus line 7). If line 7 is
.......................................................................8.
more than line 6, enter -0-
.
.
.
.....9.
9. Apportionment ratio for each period (see instructions for Ohio IT 4708)
10. Annualized income apportioned to Ohio (line 8 times line 9 ratio)
........10.
11. Nonbusiness income allocated to Ohio (include explanation and sup-
porting schedules; all income is presumed to be business income)
.....11.
12. Annualized Ohio taxable income (line 10 plus line 11)
..........................12.
4.997%
4.997%
4.997%
13. Tax rate
..................................................................................................13.
14. Annualized tax before credits (line 12 times line 13 tax rate)
................14.
15. Nonrefundable business credits for each period
...................................15.
16. Annualized Ohio tax after credits (line 14 minus line 15). If less than
zero, enter -0-
........................................................................................16.
22.5%
45%
67.5%
..........................................................................17.
17. Deannualization factor
18. For columns A through C, multiply line 16 by the line 17 factor. For
column D, enter the amount from page 2, line 4
...................................18.
19. Amount from page 2, line 1 (enter the same amount in all four columns
...19.
25%
50%
75%
100%
20. Applicable percentage
...........................................................................20.
21. Line 19 times line 20
.............................................................................21.
$125
$250
$375
$500
22. Deannualized adjustment for first $500
.................................................22.
23. Line 21 minus line 22. If line 22 is more than line 21, enter -0-
............23.
24. Enter in columns A, B, C and D, respectively, 25%, 50%, 75% and
100% of the amount shown on page 2, line 5
.......................................24.
25. Enter here and in the respective columns on page 3, line 1 the small-
est of lines 18, 23 or 24
.........................................................................25.
- 9 -
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