Form Ia 2210 - Schedule Ai - Annualized Income Installment Method - 2012 Page 2
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3IA 2210 Schedule AI General Instructions
You have the option of using the regular or annualized income installment method to figure your estimated tax
penalty. You may be able to reduce or eliminate the amount of one or more of your required installments by using
the annualized income installment method if your income varied during the year. For example, you operated a
business on a seasonal basis. You must use form IA 2210 and Schedule AI to figure the required installment amount
to enter on line 12 of form IA 2210.
If you use Schedule AI for any payment due date, you must use it for all payment due dates. To figure the amount of
each required installment, Schedule AI automatically selects the smaller of the annualized income installment or the
regular installment (increased by the amount saved by using the annualized income installment method in figuring
earlier installments).
To use the annualized income installment method, you must do all of the following:
1. Complete form IA 2210 and Schedule AI. Enter the amount from each column of line 28 of Schedule AI
in each column of line 12 of form IA 2210.
2. Check the box on line 73 of form IA 1040 indicating that you used the annualized income installment
method.
3. Attach both form IA 2210 and Schedule AI to your return.
Line-by-Line Instructions
Line 1 – Figure your net income for the months shown in each column heading. Include the sum of all gross
income/loss for the period minus any adjustments to income for the period.
Line 4 – Enter your federal tax payments for the months shown in each column heading net of any refund received
in the period. A net refund should be entered as a negative number.
Line 7 – Enter your Iowa itemized deductions for the months shown in each column heading. If you do not itemize,
enter zero and skip to line 10.
Line 9 – Multiply line 7 by line 8 and enter the result on line 9.
Line 10 – Enter the full amount of the standard deduction for your filing status in each column, even if you
itemized deductions.
Line 13 – Compute the tax using the tax tables.
Line 14 – Enter the Iowa lump-sum tax and Iowa minimum tax you owed because of events that occurred during
the months shown in each column heading.
Figure your Iowa minimum taxable income based on your income and deductions during the months shown in each
column heading. Multiply this amount by the annualized amounts shown on line 2 before subtracting the alternative
minimum tax exemption amounts. See form IA 6251, Iowa Minimum Tax Computation.
Line 16 – Enter in each column your exemption credit amounts from form IA 1040, line 47.
Line 17 – Enter the credits from your IA 1040, lines 48, 51, and 53, that you are entitled to because of events that
occurred during the months shown in the column headings. Do not annualize any credit. However, when figuring
your credits, you must annualize any item of income or deduction used to figure the credit. The nonresident or part-
year resident credit must be computed as shown below.
Nonresident or Part-year Resident Credit: This credit must be computed on the IA 126 for each period as follows:
1. Figure the Iowa-source gross income less any adjustments for the period. Multiply this income figure by
the number for the corresponding period on line 2 of Schedule AI and enter on line 26 of form IA 126.
2. Enter the amount from line 3 of Schedule AI on line 27 of form IA 126.
3. Calculate the Iowa income percentage and the nonresident/part-year resident credit percentage on lines
28 and 29 of form IA 126.
4. Enter the tax amount for the period from line 13 of Schedule AI on line 30 of form IA 126.
45-011b (07/16/10)
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