Ohio Form It/sd 2210 - Interest Penalty On Underpayment Of Ohio Or School District Income Tax - Long Method - 2013 Page 5

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IT/SD 2210 Long
Taxpayer’s name
Taxpayer’s SSN or FEIN
Rev. 1/14
2013 Ohio Form IT/SD 2210
Annualized Income Worksheet for Ohio Form IT 1040 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
5/31/13 and 8/31/13 for columns B and C do not refl ect quarterly ending dates. Include a copy of (i) the IRS annual income tax worksheet
and (ii) this Ohio annualized income tax worksheet.
A
B
C
D
1/01/13 to
1/01/13 to
1/01/13 to
1/01/13 to
5/31/13
3/31/13
8/31/13
12/31/13
10211411
N/A
1. Cumulative federal adjusted gross income for each period .................1.
2. Additions to federal adjusted gross income .........................................2.
3. Deductions from federal adjusted gross income ..................................3.
4. Ohio adjusted gross income 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 Ohio adjusted gross income (line 4 times line 5 factor).....6.
7. Exemption deduction............................................................................7.
8. Annualized Ohio taxable income (line 6 minus line 7). If line 7 is
more than line 6, enter -0- ....................................................................8.
9. Gross tax on annualized Ohio taxable income for each period (from
Income Tax Table 1 or 2 of the 2013 Ohio IT 1040 booklet) ................9.
10. Nonrefundable nonbusiness credits (Ohio Schedule B) ....................10.
11. Tax (line 9 minus line 10). If line 10 is more than line 9, enter -0- ......11.
12. Income-based exemption credit (Ohio form IT 1040, line 9) ..............12.
13. Annualized tax after exemption credit (line 11 minus line 12). If line
12 is more than line 11, enter -0- .......................................................13.
14. Joint fi ling credit .................................................................................14.
15. Annualized tax after joint fi ling credit (line 13 minus line 14). If line
14 is more than line 13, enter -0- .......................................................15.
16. Resident, nonresident, part-year resident tax credits, and non-
refundable business credits (Ohio Schedules C, D and E) ................16.
17. Earned income credit .........................................................................17.
18. Ohio adoption credit ...........................................................................18.
19. Manufacturing equipment grant .........................................................19.
20. Annualized Ohio income tax (line 15 minus lines 16, 17, 18 and 19).
If less than zero, enter -0- ..................................................................20.
22.5%
45%
67.5%
21. Deannualization factor .......................................................................21.
22. For columns A through C, multiply line 20 by line 21. For column D,
enter the amount from page 2, line 4 .................................................22.
23. Amount from page 2, line 1 (enter the same amount in all four
columns) .............................................................................................23.
25%
50%
75%
100%
24. Applicable percentage........................................................................24.
25. Line 23 times line 24 ..........................................................................25.
$125
$250
$375
$500
26. Deannualized adjustment for fi rst $500..............................................26.
27. Line 25 minus line 26. If line 26 is more than line 25, enter -0-..........27.
28. Enter in columns A, B, C and D, respectively, 25%, 50%, 75% and
100% of the amount shown on page 2, line 5 ....................................28.
29. Enter here and in the respective columns on page 3, line 1 the
smallest of lines 22, 27 or 28 .............................................................29
- 5 -

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