Figure 4-B, Regular Installment Method—Illustrated (Ben Brown). Summary: This is an example of page 1 of Form 2210 (2007), Underpayment of Estimated Tax by Individuals, Estates, and Trusts,
for Figure 4-B,
Regular Installment Method—Illustrated (Ben Brown). The completed line items are:
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Under
“Part I: Required Annual Payment”:
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“1. Enter your 2007 tax after credits from Form 1040, line 57 (or comparable line of your return)” field contains 4,685
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“2. Other taxes, including self-employment tax (see page 2 of the instructions)” field contains 2,346
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“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
7,031
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“5. Multiply line 4 by 90% (.90)” field contains 6,328
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“6. Withholding taxes. Do not include any estimated tax payments. See page 2 of the instructions” field contains 3,228
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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 3,803
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“8. Maximum required annual payment based on prior year's tax. See page 2 of the instructions)” field contains 6,116
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“9. Required annual payment. Enter the smaller of line 5 or line 8” field contains
6,116
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