Form Ia 2210 - Underpayment Of Estimated Tax By Individuals - 2014
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1Iowa Department of Revenue
2014 IA 2210
Underpayment of Estimated Tax by Individuals
Name(s) as shown on page 1 of the IA 1040
Social Security Number
How to Figure Your Underpayment (See Instructions)
1.
2014 Tax from form IA 1040, line 51 ...........................................................................
1.
2.
Out-of-State Tax Credit from form IA 1040, line 57 .........................
2.
3.
Iowa Fuel Tax Credit from form IA 1040, line 58 .............................
3.
4.
Child and Dependent Care Credit or Early Childhood Development
Credit from form IA 1040, line 59 .....................................................
4.
5.
EITC from line 60, Other Refundable Credits from form IA 1040,
line 61, and Taxpayers Trust Fund Tax Credit from line 64 ............
5.
6.
Total. Add lines 2 through 5 .......................................................................................
6.
7.
Balance. Subtract line 6 from line 1 ...........................................................................
7.
8.
Enter 90% of the amount shown on line 7. If less than $200, see instructions .............
8.
9.
Enter your 2013 tax. (less applicable 2013 credits)
If 2013 federal AGI exceeds $150,000 including any bonus depreciation/section 179 adjustment ($75,000 for a
9.
married person filing separately), enter 110% of your 2013 Iowa tax. ..............................................................................
10.
Enter the smaller amount of line 8 or line 9 ...................................................................
10.
Due Dates of Installments
April 30, 2014
June 30, 2014
Sept. 30, 2014
Jan. 31, 2015
11.
Divide the amount on line 10 by the number
of installments required for the year. See
instruction B.
12.
Annualized income installment. See
instructions.
13. Required installment. Enter the amount on line
11 or line 12, if applicable. See instructions.
How to Figure the Penalty: Complete lines 14 through 18.
14. Installment payments. Payments are applied to
the earliest unpaid installment balance. Any
overpayment is carried to the next installment.
See instructions.
15. Date of payment. See instructions.
16. (a) Number of days inclusively from due date of
installment to date of payment or 12/31/2014,
whichever is earlier.
(b) Number of days from 01/01/2015 or due
date of installment, whichever is later, to the
date of payment or 04/30/2015, whichever is
earlier.
17. (a) 5% a year on the amount shown on line 14,
for the number of days shown on line 16(a).
See instructions.
(b) 5% a year on the amount shown on line 14,
for the number of days shown on line 16(b).
See instructions.
18. Add lines 17(a) and 17(b).
19.
Penalty: Add the four columns of line 18 and enter here and on line 73, form IA 1040
45-007a (10/08/14)
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