Publication 505: Tax Withholding and Estimated Tax;

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Form 2210 (2002) Page 2. Summary: This is an example of Form 2210 (2002), page 2, as pertains to Examples 4.7 (Section A--Figure Your Underpayment) and 4.9 (Section B--Figure the Penalty) in the text. The completed line items are:

Under “Section A--Figure Your Underpayment”:

	Payment Due Dates: (a) 4/15/02	Payment Due Dates: (b) 6/15/02	Payment Due Dates: (c) 9/15/02	Payment Due Dates: (d) 1/15/03
“23. Required installments. If box 1b applies, enter the amounts from Schedule A.I., line 25. Otherwise, enter 25% (.25) of line 15, Form 2210, in each column”	338	1,732	1,385	2,089
“24. Estimated tax paid and tax withheld (see page 3 of the instructions). For column (a) only, also enter the amount from line 24 on line 28. If line 24 is equal to or more than line 23 for all payment periods, stop here; you do not owe the penalty. Do not file Form 2210 unless you checked a box in Part I”	807	807	807 + 1,000 = 1,807	807 + 1,000 = 1,807
“25. Enter amount, if any, from line 31 of previous column”	(shaded area)	469	(blank text field)	(blank text field)
“26. Add lines 24 and 25”	(shaded area)	1,276	1,807	1,807
“27. Add amounts on line 29 and 30 of the previous column”	(shaded area)	(blank text field)	456	34
“28. Subtract line 27 from line 26. If zero or less, enter 0. For column (a) only, enter the amount from line 24”	807	1,276	1,351	1,773
“29. If the amount on line 28 is zero, subtract line 26 from line 27. Otherwise, enter 0”	(shaded area)	0	0	(shaded area)
“30. Underpayment. If line 23 is equal to or more than line 28, subtract line 28 from line 23. Then go to line 25 of next column. Otherwise, go to line 31”	(blank text field)	9/2 456	1/12 34	4/15 316
“31. Overpayment. If line 28 is more than line 23, subtract line 23 from line 28. Then go to line 25 of next column”	469	(blank text field)	(blank text field)	(shaded area)

Under “Section B--Figure the Penalty”:

“Rate Period 1: April 16, 2002--December 31, 2002”

“32. Number of days from the date shown above line 32 to the date the amount on line 30 was paid or 12/31/02, whichever is earlier”

“6/15/02 Days:” field contains 79

“9/15/02 Days:” field contains 107

“33. Underpayment on line 30 (see page 4 of the instructions) multiplied by (number of days on line 32 divided by 365) multiplied by .06”

“6/15/02” field contains $5.92

“9/15/02” field contains $.60

“Rate Period 2: January 1, 2003--April 15, 2003”

“34. Number of days from the date shown above line 34 to the date the amount on line 30 was paid or 4/15/03, whichever is earlier”

“12/31/02 Days:” field contains 12

“1/15/03 Days:” field contains 90

“35. Underpayment on line 30 (see page 5 of the instructions) multiplied by (number of days on line 34 divided by 365) multiplied by .05”

“12/31/02” field contains $.06

“1/15/03” field contains $3.90

“36. Penalty. Add all amounts on lines 33 and 35 in all columns. Enter the total here and on Form 1040, line 74; Form 1040A, line 48; Form 1040N.R., line 73; Form 1040N.R.-E.Z., line 26; or Form 1041, line 26, but do not file Form 2210 unless you checked one or more of the boxes in Part I” field contains $10.48