Form 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2005. Summary: This is an example of page 1 of Form 2210 (2005) for Figure 4-A, Form 2210—Illustrated (Ivy Fields). The completed
line items
are:
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Under
“Part I: Required Annual Payment”:
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“1. Enter your 2005 tax after credits from Form 1040, line 57 (or comparable line of your return)” field contains 11,000
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“4. Current year tax. Combine lines 1, 2 and 3” field contains 11,000
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“5. Multiply line 4 by 90% (.90)” field contains 9,900
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“6. Withholding taxes. Do not include any estimated tax payments. See page 3 of the instructions.” field contains 1,600
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“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
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“8. Maximum required annual payment based on prior year's tax (see page 3 of the instructions).” field contains 10,000
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“9. Required annual payment. Enter the smaller of line 5 or line 8” field contains
9,900
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