Figure 4-A, Form 2210—Illustrated (Ivy Fields) . Summary: This is an example of page 1 of Form 2210 (2007), Underpayment of Estimated Tax by Individuals, Estates, and Trusts,
for Ivy Fields.
The completed line items are:
|
Under
“Part I: Required Annual Payment”:
|
|
“1. Enter your 2007 tax after credits from Form 1040, line 57 (or comparable line of your return)” field contains 11,000
|
|
“4. Current year tax. Combine lines 1, 2 and 3. If less than $1,000, you do not owe a penalty; do not file Form 2210” field contains
11,000
|
|
“5. Multiply line 4 by 90% (.90)” field contains 9,900
|
|
“6. Withholding taxes. Do not include any estimated tax payments. See page 2 of the instructions.” field contains 1,600
|
|
“7. Subtract line 6 from line 4. If less than $1,000, you do not owe a penalty; do not file Form 2210” field contains 9,400
|
|
“8. Maximum required annual payment based on prior year's tax (see page 2 of the instructions).” field contains 10,000
|
|
“9. Required annual payment. Enter the smaller of line 5 or line 8” field contains
9,900
|
|
