Form 2210 (2005) Page 4. Summary: This is an example of Form 2210 (2005), page 4, for Figure 4-C, Annualized Income Installment Method—Illustrated
(Betty Beige).
The completed line items are:
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Under
“Part I: Annualized Income Installments”:
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“1. Enter your adjusted gross income for each period (see instructions). (Estates and trusts, enter your taxable income without
your exemption
for each period.)”
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“(a) 1/1/05-3/31/05” field contains 5,250
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“(b) 1/1/05-5/31/05” field contains 13,025
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“(c) 1/1/05-8/31/05” field contains 21,993
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“(d) 1/1/05-12/31/05” field contains 36,427
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“3. Annualized income. Multiply line 1 by line 2”
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“(a) 1/1/05-3/31/05” field contains 21,000
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“(b) 1/1/05-5/31/05” field contains 31,260
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“(c) 1/1/05-8/31/05” field contains 32,990
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“(d) 1/1/05-12/31/05” field contains 36,427
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“4. Enter your itemized deductions for the period shown in each column. If you do not itemize, enter 0 and skip to line 7.
(Estates and trusts,
enter 0, skip to line 9, and enter the amount from line 3 on line 9.)”
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“(a) 1/1/05-3/31/05” field contains 1,500
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“(b) 1/1/05-5/31/05” field contains 2,500
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“(c) 1/1/05-8/31/05” field contains 4,000
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“(d) 1/1/05-12/31/05” field contains 6,000
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“6. Multiply line 4 by line 5 (see instructions if line 3 is more than $72,975)”
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“(a) 1/1/05-3/31/05” field contains 6,000
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“(b) 1/1/05-5/31/05” field contains 6,000
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“(c) 1/1/05-8/31/05” field contains 6,000
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“(d) 1/1/05-12/31/05” field contains 6,000
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“7. In each column, enter the full amount of your standard deduction from Form 1040, line 40, or Form 1040A, line 24, (Form
1040N.R. or
1040N.R.-E.Z. filers, enter 0. Exception: Indian students and business apprentices, enter standard deduction from Form 1040N.R.,
line 37, or Form
1040N.R.-E.Z., line 11.)”
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“(a) 1/1/05-3/31/05” field contains 5,000
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“(b) 1/1/05-5/31/05” field contains 5,000
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“(c) 1/1/05-8/31/05” field contains 5,000
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“(d) 1/1/05-12/31/05” field contains 5,000
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“8. Enter the larger of line 6 or line 7”
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“(a) 1/1/05-3/31/05” field contains 6,000
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“(b) 1/1/05-5/31/05” field contains 6,000
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“(c) 1/1/05-8/31/05” field contains 6,000
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“(d) 1/1/05-12/31/05” field contains 6,000
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“9. Subtract line 8 from line 3”
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“(a) 1/1/05-3/31/05” field contains 15,000
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“(b) 1/1/05-5/31/05” field contains 25,260
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“(c) 1/1/05-8/31/05” field contains 26,990
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“(d) 1/1/05-12/31/05” field contains 30,427
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“10. In each column, multiply $3,200 by the total number of exemptions claimed (see instructions if line 3 is more than $109,475).
(Estates and
trusts and Form 1040N.R. or 1040N.R.-E.Z. filers, enter the exemption amount shown on your tax return.)”
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“(a) 1/1/05-3/31/05” field contains 3,200
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“(b) 1/1/05-5/31/05” field contains 3,200
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“(c) 1/1/05-8/31/05” field contains 3,200
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“(d) 1/1/05-12/31/05” field contains 3,200
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“11. Subtract line 10 from line 9”
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“(a) 1/1/05-3/31/05” field contains 11,800
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“(b) 1/1/05-5/31/05” field contains 22,060
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“(c) 1/1/05-8/31/05” field contains 23,790
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“(d) 1/1/05-12/31/05” field contains 27,227
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“12. Figure your tax on the amount on line 11 (see instructions)”
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“(a) 1/1/05-3/31/05” field contains 1,409
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“(b) 1/1/05-5/31/05” field contains 2,946
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“(c) 1/1/05-8/31/05” field contains 3,201
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“(d) 1/1/05-12/31/05” field contains 3,719
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“13. Self-employment tax from line 34 below (complete Part II)”
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“(b) 1/1/05-5/31/05” field contains 1,560
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“(c) 1/1/05-8/31/05” field contains 1,822
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“(d) 1/1/05-12/31/05” field contains 2,346
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“15. Total tax. Add lines 12, 13, and 14”
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“(a) 1/1/05-3/31/05” field contains 1,409
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“(b) 1/1/05-5/31/05” field contains 4,506
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“(c) 1/1/05-8/31/05” field contains 5,023
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“(d) 1/1/05-12/31/05” field contains 6,065
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“17. Subtract line 16 from line 15. If zero or less, enter 0”
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“(a) 1/1/05-3/31/05” field contains 1,409
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“(b) 1/1/05-5/31/05” field contains 4,506
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“(c) 1/1/05-8/31/05” field contains 5,023
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“(d) 1/1/05-12/31/05” field contains 6,065
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“19. Multiply line 17 by line 18”
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“(a) 1/1/05-3/31/05” field contains 317
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“(b) 1/1/05-5/31/05” field contains 2,028
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“(c) 1/1/05-8/31/05” field contains 3,391
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“(d) 1/1/05-12/31/05” field contains 5,459
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“20. Add the amounts in all previous columns of line 25”
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“(b) 1/1/05-5/31/05” field contains 317
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“(c) 1/1/05-8/31/05” field contains 2,028
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“(d) 1/1/05-12/31/05” field contains 3,391
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“21. Subtract line 20 from line 19. If zero or less, enter 0”
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“(a) 1/1/05-3/31/05” field contains 317
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“(b) 1/1/05-5/31/05” field contains 1,711
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“(c) 1/1/05-8/31/05” field contains 1,363
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“(d) 1/1/05-12/31/05” field contains 2,068
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“22. Enter 25% (.25) of line 9 on page 1 of Form 2210 in each column”
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“(a) 1/1/05-3/31/05” field contains 1,370
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“(b) 1/1/05-5/31/05” field contains 1,370
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“(c) 1/1/05-8/31/05” field contains 1,370
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“(d) 1/1/05-12/31/05” field contains 1,370
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“23. Subtract line 25 of the previous column from line 24 of that column”
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“(b) 1/1/05-5/31/05” field contains 1,053
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“(c) 1/1/05-8/31/05” field contains 712
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“(d) 1/1/05-12/31/05” field contains 719
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“24. Add lines 22 and 23”
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“(a) 1/1/05-3/31/05” field contains 1,370
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“(b) 1/1/05-5/31/05” field contains 2,423
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“(c) 1/1/05-8/31/05” field contains 2,082
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“(d) 1/1/05-12/31/05” field contains 2,089
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“25. Enter the smaller of line 21 or line 24 here and on Form 2210, line 18”
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“(a) 1/1/05-3/31/05” field contains 317
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“(b) 1/1/05-5/31/05” field contains 1,711
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“(c) 1/1/05-8/31/05” field contains 1,363
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“(d) 1/1/05-12/31/05” field contains 2,068
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Under
“Part II: Annualized Self-Employment Tax”:
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“26. Net earnings from self-employment for the period (see instructions)”
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“(b) 1/1/05-5/31/05” field contains 4,248
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“(c) 1/1/05-8/31/05” field contains 7,942
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“(d) 1/1/05-12/31/05” field contains 15,330
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“28. Enter actual wages for the period subject to social security tax or the 6.2% portion of the 7.65% railroad retirement
(tier 1)
tax”
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“(b) 1/1/05-5/31/05” field contains 8,750
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“(c) 1/1/05-8/31/05” field contains 14,000
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“(d) 1/1/05-12/31/05” field contains 21,000
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“29. Subtract line 28 from line 27. If zero or less, enter 0”
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“(b) 1/1/05-5/31/05” field contains 28,750
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“(c) 1/1/05-8/31/05” field contains 46,000
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“(d) 1/1/05-12/31/05” field contains 69,000
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“31. Multiply line 30 by the smaller of line 26 or line 29”
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“(b) 1/1/05-5/31/05” field contains 1,264
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“(c) 1/1/05-8/31/05” field contains 1,477
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“(d) 1/1/05-12/31/05” field contains 1,901
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“33. Multiply line 26 by line 32”
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“(b) 1/1/05-5/31/05” field contains 296
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“(c) 1/1/05-8/31/05” field contains 345
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“(d) 1/1/05-12/31/05” field contains 445
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“34. Add lines 31 and 33. Enter the result here and on line 13 above”
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“(b) 1/1/05-5/31/05” field contains 1,560
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“(c) 1/1/05-8/31/05” field contains 1,822
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“(d) 1/1/05-12/31/05” field contains
2,346
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