Arkansas Annualized Penalty for Underpayment of Estimated Tax
Extracted from PDF file 2020-arkansas-form-ar2210a.pdf, last modified June 2020
Annualized Penalty for Underpayment of Estimated TaxAR2210A PRINT FORM CLEAR FORM 2020 ITAP201 ARKANSAS INDIVIDUAL INCOME TAX ANNUALIZED PENALTY FOR UNDERPAYMENT OF ESTIMATED INCOME TAX Primary’s legal name Primary’s social security number Taxpayers with varied income may use this form to compute UEP on an annualized basis. Complete lines 1 through 30 of one column before completing the next column. 1. Enter your adjusted gross income for each period. 2. Enter spouse’s income. (Filing status 4 only) 1 2 3. Annualization amounts. 3 4. Annualized income. (Multiply line 1 by line 3) 4 5. Spouse’s annualized income. (Multiply line 2 by line 3) 5 6. Enter standard deduction or itemized deductions (Prorated LIÀOLQJVWDWXV for period in each column. 6 7. Enter spouse’s standard deduction or itemized deductions 3URUDWHGLIÀOLQJVWDWXV for period in each column. 8. Annualization amounts. 7 8 9. Annualized deductions. (Multiply line 6 by line 8) 9 10. Spouse’s annualized deductions. (Multiply line 7 by line 8) 11. Subtract line 9 from line 4. 11 12 13. Figure the tax on the amount on line 11. (Use regular tax table) 14. Figure the tax on the amount on line 12. (Use regular tax table) 13 14 15. Add lines 13 and 14. 15 16. Enter other amounts due for each payment period as shown on Form AR1000F/AR1000NR, lines 31 and 32. 6NLSWKLVOLQHLI¿OLQJ$5)$515 17. Total tax. (Add lines 15 and 16) 16 17 19. Subtract line 18 from line 17. (If zero or less, enter zero) 20. Applicable percentages. Jan. 1, 2020 to Aug. 31, 2020 Jan. 1, 2020 to Dec. 31, 2020 4 2.4 1.5 1 4 2.4 1.5 1 22.5% 45% 67.5% 90% 18 19 20 21. Multiply line 19 by line 20. 22. Enter the combined amounts of line 30 from all preceding columns. 22 21 23. Subtract line 22 from line 21. (If less than zero, enter zero) 23 24. Enter your 2020 net tax from line 38, Form AR1000F; or line 38D, AR1000NR; line 24B, AR1002F or line 24F, AR1002NR. 24 25. Multiply line 24 by 90% (.90). 25 26. Divide line 25 by four and enter the result in each column. 27. Enter amount from line 29 of the preceding column. 26 27 28. Add lines 26 and 27 and enter here. 28 29. If line 28 is more than line 23, subtract line 23 from line 28; otherwise enter zero. 30. Enter the smaller of line 23 or line 28 here. 29 30 AR2210A Page 1 (R 06/10/2020) Jan. 1, 2020 to May 31, 2020 10 12. Subtract line 10 from line 5. 18. For each period, enter total credits as allowed on Form AR1000F/AR1000NR, line 37 or AR1002F/AR1002NR, line 23. Jan. 1, 2020 to March 31, 2020 ITAP202 Complete lines 1 through 30 for all periods before continuing to line 31. 31. Enter amount from line 30 for each period. 31 32. Estimated tax paid and tax withheld. For column (A) only, also enter the amount from line 32 on line 36. 32 33. Enter amount, if any, from line 39 of the previous column. 33 34. Add lines 32 and 33 and enter total. 34 35. Add amounts on lines 37 and 38 of the previous column and enter total. 35 36. Subtract line 35 from line 34. (If zero or less, enter zero) For column (A) only, enter the amount from line 32. 36 37. Determine remaining underpayment from previous period. If amount on line 36 is zero, subtract line 34 from line 35 and enter the result; otherwise enter zero. 37 38. UNDERPAYMENT: If line 31 is more than or equal to line 36, subtract line 36 from line 31, then go to line 32 of the next column; otherwise go to line 39. 38 39. OVERPAYMENT: If line 36 is more than line 31, subtract line 31 from line 36, then go to line 32 of the next column. 39 40. PENALTY COMPUTATION: (Caution - ALL penalty (A) April 15, 2020 (B) June 15, 2020 (C) Sept. 15, 2020 (D) Jan. 15, 2021 (A) (B) June 15, 2020 (C) Sept. 15, 2020 (D) Jan. 15, 2021 computations start from the due date of the estimated April 15, 2020 40 tax payments) 41. Enter the date the payment was made or 4-15-2021, whichever is earlier. 41 42. Count the number of days between the dates on lines 40 and 41 and enter here. 42 43. Multiply the number of days by .00027397 for the penalty percentage. 44. Enter the amount from line 38 for each period. 43 44 45. Multiply the amount on line 44 by the percentage on line 43. 45 46. Total the amounts for each period on line 45. Enter the amounts here and on Form AR1000F/AR1000NR, line 52B or Form AR1002F/AR1002NR, line 36B. 46 IMPORTANT: You must enter exception code “6” in box 52A of Form AR1000F/AR1000NR or box 36A of Form AR1002F/AR1002NR. AR2210A Page 2 (R 06/02/2020)
More about the Arkansas Form AR2210A Individual Income Tax Estimated TY 2020
We last updated the Annualized Penalty for Underpayment of Estimated Tax in March 2021, so this is the latest version of Form AR2210A, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form AR2210A directly from TaxFormFinder. You can print other Arkansas tax forms here.
Other Arkansas Individual Income Tax Forms:
|Form Code||Form Name|
|Form AR1000ES||Individual Estimated Tax Declaration Vouchers|
|Form AR1000F||Full Year Resident Individual Income Tax Return|
|Tax Instruction Booklet||Arkansas Income Tax Instruction Booklet|
|Form AR1000V||Individual Income Tax Payment Voucher|
|Form AR3||Itemized Deduction Schedule|
Arkansas usually releases forms for the current tax year between January and April. We last updated Arkansas Form AR2210A from the Department of Revenue in March 2021.
Form AR2210A is an Arkansas Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Arkansas Form AR2210A
We have a total of ten past-year versions of Form AR2210A in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Arkansas Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.