Form 2210AL "Underpayment of Estimated Tax by Individuals" - Alabama

What Is Form 2210AL?

This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

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FORM
XX002722
Alabama Department of Revenue
2017
2210AL
Underpayment of Estimated Tax by Individuals
ADOR
See SePARATe InSTRucTIOnS •  ATTAcH TO FORM 40 OR FORM 40nR
NAME(S) AS SHOWN ON TAX RETURN
IDENTIFYING NUMBER
Reset Form
PART I – Required Annual Payment
1 Enter your 2017 net tax due after credits from line 18 of Form 40 or line 20 of Form 40NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
2 Multiply line 1 by 90% (.90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Withholding taxes. Do not include estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Subtract line 3 from line 1. If less than $500, stop; you do not owe a penalty. Do not file Form 2210AL. . . . . . . . . . . . . . . . . . . . . . . . . .
4
5
5 Maximum required annual payment based on prior year’s tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6 Required annual payment. Enter the smaller of line 2 or line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Next: Is line 6 more than line 3?
No. You do not owe a penalty. Do not file Form 2210AL unless box E below applies.
Yes. You may owe a penalty, but do not file Form 2210AL unless one or more boxes in Part II below applies.
• If box B, C, or D applies, you must figure your penalty and file Form 2210AL.
• If box A or E applies, (but not B, C, or D) file only page 1 of Form 2210AL. You are not required to figure your penalty; the Alabama Department of Revenue will figure it and
send you a bill for any unpaid amount. If you want to figure your penalty, you may use Part III or IV as a worksheet and enter your penalty on your tax return, but file only page
PART II – Reasons for Filing.
Check applicable boxes. If none apply, do not file Form 2210AL.
1 of Form 2210AL.
A
You request a waiver of your entire penalty. You must check this box and file page 1 of Form 2210AL, but you are not required to figure your penalty.
B
You request a waiver of part of your penalty. You must figure your penalty and waiver amount and file Form 2210AL.
C
Your income varied during the year and your penalty is reduced or eliminated when figured using the annualized income installment method. You must figure the penalty
using Schedule AI and file Form 2210AL.
D
Your penalty is lower when figured by treating the Alabama income tax withheld from your income as paid on the dates it was actually withheld, instead of in equal amounts on
the payment due dates. You must figure your penalty and file Form 2210AL.
E
You filed or are filing a joint return for either 2016 or 2017, but not for both years, and line 5 above is smaller than line 2 above. You must file page 1 of Form 2210AL, but you are
PART III – Short Method
not required to figure your penalty (unless box B, C, or D applies).
Can you use the short method?
You may use the short method if:
• You made no estimated tax payments (or your only payments were withheld Alabama income tax), or
• You paid the same amount of estimated tax on each of the four payment due dates.
Must you use the regular method?
You must use the regular method (Part IV) instead of the short method if:
• You made any estimated tax payments late, or
• You checked box C or D in Part II.
Note: If any payment was made earlier than the due date, you may use the short method, but using it may cause you to pay a larger penalty than the regular method. If the payment was
only a few days early, the difference is likely to be small.
7 Enter the amount from Form 2210AL, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8
8 Enter the amount, if any from Form 2210AL, line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Enter the total amount, if any, of estimated tax payments you made
(see page 3 of the instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10
10 Add lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 Total underpayment for year. Subtract line 10 from line 7. If zero or less, stop; you do not owe a penalty.
11
Do not file Form 2210AL unless you checked box E in Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Multiply line 11 by .02660 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 • If the amount on line 11 was paid on or after 4/15/18, enter -0-.
• If the amount on line 11 was paid before 4/15/18, make the following computation to find the amount to enter on line 13.
Amount on line 11 X Number of days paid before 4/15/18 X .00011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 Penalty. Subtract line 13 from line 12. Enter the result here and on Form 40, line 31; or Form 40NR, line 31.
14
Do not file Form 2210AL unless you checked a box in Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FORM
XX002722
Alabama Department of Revenue
2017
2210AL
Underpayment of Estimated Tax by Individuals
ADOR
See SePARATe InSTRucTIOnS •  ATTAcH TO FORM 40 OR FORM 40nR
NAME(S) AS SHOWN ON TAX RETURN
IDENTIFYING NUMBER
Reset Form
PART I – Required Annual Payment
1 Enter your 2017 net tax due after credits from line 18 of Form 40 or line 20 of Form 40NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
2 Multiply line 1 by 90% (.90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Withholding taxes. Do not include estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Subtract line 3 from line 1. If less than $500, stop; you do not owe a penalty. Do not file Form 2210AL. . . . . . . . . . . . . . . . . . . . . . . . . .
4
5
5 Maximum required annual payment based on prior year’s tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6 Required annual payment. Enter the smaller of line 2 or line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Next: Is line 6 more than line 3?
No. You do not owe a penalty. Do not file Form 2210AL unless box E below applies.
Yes. You may owe a penalty, but do not file Form 2210AL unless one or more boxes in Part II below applies.
• If box B, C, or D applies, you must figure your penalty and file Form 2210AL.
• If box A or E applies, (but not B, C, or D) file only page 1 of Form 2210AL. You are not required to figure your penalty; the Alabama Department of Revenue will figure it and
send you a bill for any unpaid amount. If you want to figure your penalty, you may use Part III or IV as a worksheet and enter your penalty on your tax return, but file only page
PART II – Reasons for Filing.
Check applicable boxes. If none apply, do not file Form 2210AL.
1 of Form 2210AL.
A
You request a waiver of your entire penalty. You must check this box and file page 1 of Form 2210AL, but you are not required to figure your penalty.
B
You request a waiver of part of your penalty. You must figure your penalty and waiver amount and file Form 2210AL.
C
Your income varied during the year and your penalty is reduced or eliminated when figured using the annualized income installment method. You must figure the penalty
using Schedule AI and file Form 2210AL.
D
Your penalty is lower when figured by treating the Alabama income tax withheld from your income as paid on the dates it was actually withheld, instead of in equal amounts on
the payment due dates. You must figure your penalty and file Form 2210AL.
E
You filed or are filing a joint return for either 2016 or 2017, but not for both years, and line 5 above is smaller than line 2 above. You must file page 1 of Form 2210AL, but you are
PART III – Short Method
not required to figure your penalty (unless box B, C, or D applies).
Can you use the short method?
You may use the short method if:
• You made no estimated tax payments (or your only payments were withheld Alabama income tax), or
• You paid the same amount of estimated tax on each of the four payment due dates.
Must you use the regular method?
You must use the regular method (Part IV) instead of the short method if:
• You made any estimated tax payments late, or
• You checked box C or D in Part II.
Note: If any payment was made earlier than the due date, you may use the short method, but using it may cause you to pay a larger penalty than the regular method. If the payment was
only a few days early, the difference is likely to be small.
7 Enter the amount from Form 2210AL, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8
8 Enter the amount, if any from Form 2210AL, line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Enter the total amount, if any, of estimated tax payments you made
(see page 3 of the instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10
10 Add lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 Total underpayment for year. Subtract line 10 from line 7. If zero or less, stop; you do not owe a penalty.
11
Do not file Form 2210AL unless you checked box E in Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Multiply line 11 by .02660 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 • If the amount on line 11 was paid on or after 4/15/18, enter -0-.
• If the amount on line 11 was paid before 4/15/18, make the following computation to find the amount to enter on line 13.
Amount on line 11 X Number of days paid before 4/15/18 X .00011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 Penalty. Subtract line 13 from line 12. Enter the result here and on Form 40, line 31; or Form 40NR, line 31.
14
Do not file Form 2210AL unless you checked a box in Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
XX002822
Form 2210AL (2017)
Page 2
ADOR
PART IV – Figure Your underpayment
Payment Due Dates
using the Regular Method
(a) 4/15/17
(b) 6/15/17
(c) 9/15/17
(d) 1/15/18
1 Required installments. If you choose to use the
Annualized Income Installment Method, enter the
amounts from Schedule AI, line 25. Otherwise, enter
25% (.25) of Part I, line 6, Form 2210AL, in each
1
column. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Estimated tax paid and Alabama tax withheld. For
column (a) only, enter the amount from line 2a on
line 6a. If line 2 is equal to or more than line 1 for
all payment periods, stop here; you do not owe the
2
penalty. Do not file Form 2210AL . . . . . . . . . . . . . . . . . . .
Complete lines 3 through 9 of one column before
going to the next column.
3
3 Enter amount, if any, from line 9 of previous column . . . .
4
4 Add lines 2 and 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Add amounts on lines 7 and 8 of the previous column . .
6
6 Subtract line 5 from line 4. If zero or less, enter -0-. . . . .
7 If the amount on line 6 is zero, subtract line 4 from
7
line 5. Otherwise, enter -0-. . . . . . . . . . . . . . . . . . . . . . . . .
8 Underpayment. If line 1 is equal to or more than line
6, subtract line 6 from line 1. Then go to line 3 of
8
next column. Otherwise, go to line 9 . . . . . . . . . . . . . .
9 Overpayment. If line 6 is more than line 1, subtract
9
Figure the Penalty (Complete lines 10 through 11 of one column before going to the next column.)
line 1 from line 6. Then go to line 3 of next column.. . . . .
4/15/17
6/15/17
9/15/17
1/15/18
April 16, 2017– April 15, 2018
10 Number of days from the date shown above line 10 to
Days
Days
Days
Days
the date the amount on line 8 was paid or 4/15/18,
$
$
$
$
whichever is earlier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11 Underpayment X No. of days on line 10 X .04
11
on line 8
365
. .
12
12 Penalty. Add all amounts on line 11 in all columns. Enter the total here and on Form 40, line 31; or Form 40NR, line 31... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ScHeDuLe AI – Annualized Income
(a)
(b)
(c)
(d)
Installment Method.
1/1/17-3/31/17
1/1/17-5/31/17
1/1/17-8/31/17
1/1/17-12/31/17
Annualized Income Installments
1 Enter your adjusted gross income for each period
1
(see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
2.4
1.5
1
2
2 Annualization amounts. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Annualized income. Multiply line 1 by line 2. . . . . . . . . . .
4 Enter your itemized deductions for the period shown in
each column. If you do not itemize, enter -0- and skip
4
to line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
2.4
1.5
1
5
5 Annualization amounts. . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Multiply line 4 by line 5. If lines 4-6 are completed, skip
6
to line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 In each column, enter the full amount of your standard
deduction from Form 40, line 11 (Form 40NR filers,
enter -0-).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8
8 Enter the larger of line 6 or line 7. . . . . . . . . . . . . . . . . . .
9
9 Subtract line 8 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . .
10 In each column, enter the federal tax liability deduction
10
from Form 40 or Form 40NR . . . . . . . . . . . . . . . . . . . . . . .
11
11 Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . .
12 In each column enter the personal and dependent
12
exemptions from your tax return. . . . . . . . . . . . . . . . . . . .
13
13 Subtract line 12 from line 11. . . . . . . . . . . . . . . . . . . . . . . .
14
14 Figure your tax on the amount on line 13. . . . . . . . . . . . .
15 For each period, enter the same type of credits as
15
allowed on Form 40 or Form 40NR. . . . . . . . . . . . . . . . . .
16
16 Subtract line 15 from line 14. If zero or less, enter -0-. . .
22.5%
45%
67.5%
90%
17
17 Applicable percentage.. . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
18 Multiply line 16 by line 17. . . . . . . . . . . . . . . . . . . . . . . . . .
Caution: Complete lines 19-25 of one column before
going to the next column.
19
19 Add the amounts in all previous columns of line 25. . . . .
20
20 Subtract line 19 from line 18. If zero or less, enter -0-. . .
21 Enter 25% (.25) of line 6, page 1, Part I, of
21
Form 2210AL in each column.. . . . . . . . . . . . . . . . . . . . . .
22 Enter amount from line 24 of the previous column
22
of this schedule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
23 Add lines 21 and 22 and enter the total.. . . . . . . . . . . . . .
24
24 Subtract line 20 from line 23. If zero or less, enter -0-. . .
25 Enter the smaller of line 20 or line 23 here and on
25
Form 2210AL, Part IV, line 1. . . . . . . . . . . . . . . . . . . . .
Page of 2