Annualized Income Installment Worksheet For Underpayment Of Estimated Tax Page 2
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2ANNUALIZED INSTALLMENT WORKSHEET
If your income varied during the year because, for example, you own a seasonal business or the majority of your income
was received in one payment, you may be able to lower or eliminate the amount of your quarterly estimated tax payments
by using the annualized income installment method. Use the Annualized Income Installment Worksheet to calculate the
required 2012 installment for each payment due date.
SPECIFIC INSTRUCTIONS
NOTE: You must complete lines 1-25 of each column before going on to the next column.
(First complete Form 2210ME lines 1 through 7)
ANNUALIZED PERIODS: If your annualization periods are different than those shown, enter the correct periods. See 36
MRSA § 5228, subsections 4, 5 and 7.
Line 1. Enter your total Maine adjusted gross income for the period. Estates and Trusts, enter your Maine taxable income
less your federal exemption for the period.
Line 13. Enter all of the other taxes you owed because of events that occurred during the months shown in the column
headings (see Section 1 of Form 1040ME, Schedule A or Form 1041ME, Schedule A). For example, if you received an early
distribution from a qualifi ed retirement plan in February, the additional tax from Schedule A should be entered in column 1,
line 13.
Line 15. Enter the credits you are entitled to because of events that occured during the months shown in the column headings
(see Section 2 of Form 1040ME, Schedule A or Form 1041ME, Schedule A). For example, the amount of child care credit
resulting from payments you made during the fi rst quarter should be included in column 1, line 15.
Line 19. Add the amounts on line 25 of each preceding column and enter the total here.
Line 25. This is the amount of your estimated tax due. Enter the smaller of line 20 or line 23 here and on Form 2210ME,
line 9 in the corresponding column.
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