Form 2210 - Worksheet In-152a - Annualized Income Installment Method For Underpayment Of 2017 Estimated Tax By Individual, Estates, And Trusts - 2017

Annualized Income Installment Method for

Attach a copy

2017

WORKSHEET

of your Federal

Underpayment of 2017 Estimated Tax by

152A

IN-

Form 2210,

VERMONT

Individual, Estates, and Trusts

pages 1-4

Please Print or Type

Taxpayer Information

Taxpayer’s Last Name

First Name

Initial

Taxpayer’s Social Security Number

Spouse’s or CU Partner’s Last Name

First Name

Initial

Spouse’s or CU Partner’s Social Security Number

Required Annual Payment

1. 90% of 2017 VERMONT TAX MINUS CREDITS:

. 0 0

(Form IN-111, Line 26 minus the sum of Lines 31c, 31d, and 31g multiplied by 90%) . . . . . . . . . . . . . 1. _________________________________

2. 100% of 2016 VERMONT TAX MINUS CREDITS:

. 0 0

(Form IN-111, Line 26 minus the sum of Lines 31c, 31d, and 31g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. _________________________________

. 0 0

3. Enter the lesser of Line 1 or Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. _________________________________

. 0 0

4. Enter the amount from Federal Form 2210, Page 1, Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. _________________________________

Calculations

DUE DATES OF QUARTERLY PAYMENTS

CALCULATION OF UNDERPAYMENT

April 15, 2017

June 15, 2017

Sept. 15, 2017

Jan. 15, 2018

Totals

5.

Tax payments required per quarter from

Federal Form 2210, Page 4, Line 25 . . . . . . . . . . . . . . . . . . . . ______________________________________________________

6.

Vermont payment due . (Divide Line 5 by Line 4,

then multiply by Line 3 .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________________________

7a. From 2017 Form IN-111, add Lines 31a, 31e, and 31f,

then multiply by .25 per quarter . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________________________

7b. Enter 2016 overpayment and 2017 quarterly estimated

payments made by the due date per quarter . . . . . . . . . . . . . . . ______________________________________________________

7c. Add Lines 7a and 7b . Each quarter should not equal

more than Line 6; apply any excess to the next quarter . . . . . . ______________________________________________________

8.

Underpayment per quarter (Subtract Line 7c from

Line 6) . This line cannot be less than zero . . . . . . . . . . . . . . . . ______________________________________________________

9.

Date FULL payment was made or April 15, 2018,

whichever date is earlier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CALCULATION OF INTEREST

10a. Number of days AFTER the due date to the date reported

on Line 9 for each quarter, or Jan . 1, 2018, whichever

date is earlier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________________________

10b. Number of days FROM Jan . 1, 2018 to the date payment

was made on Line 9 for each quarter, or April 15, 2018,

whichever date is earlier . 4th quarter: Use number of

days from Jan . 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________________________

11a. Interest due for 2017 (Divide Line 10a by 365, multiply

by 5 .6%, then multiply by Line 8) . . . . . . . . . . . . . . . . . . . . . . ______________________________________________________

11b. Interest due for 2018 (Divide Line 10b by 365, multiply

by 6 .0%, then multiply by Line 8) . . . . . . . . . . . . . . . . . . . . . . ______________________________________________________

12. Interest due per quarter (Add Lines 11a and 11b) . . . . . . . . . .

13. Total underpayment interest due (Add Line 12 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13.

CALCULATION OF PENALTY

14. Number of months FROM the due date of that quarter to

the date shown on Line 9 (a portion of a month counts

as a whole month) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ______________________________________________________

15. Penalty due per quarter (Multiply Line 14 by .01 (1%)

then by Line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

______________________________________________________

16. Total underpayment penalty due (Add Line 15 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16.

TOTAL INTEREST AND PENALTY

17. Total underestimated interest and penalty due (Add Lines 13 and 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17.

Worksheet IN-152A