Iowa Free Printable IA 2210 Schedule AI, 45-011 for 2017 Iowa Schedule AI Annualized Income Installment Method 45-011

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Schedule AI Annualized Income Installment Method 45-011
IA 2210 Schedule AI, 45-011

2016 IA 2210 Schedule AI Annualized Income Installment Method https://tax.iowa.gov Name(s) _______________________________________________ _____ Social Security Number _________________________ ___ 1. Enter your net income (lA 1040, line 26) for each period ....... 1. 2. Annualization amounts .......................................................... 2. 3. Annualized income. Multiply line 1 by line 2 .......................... 4. Enter your federal tax payments for each period, net of any refund. Use a negative number if the net amount is a refund. .................................................................................. 3. 5. Annualization amounts .......................................................... 5. 6. Multiply line 4 by line 5 .......................................................... 6. 7. Enter your Iowa itemized deductions for each period ............ 7. 8. Annualization amounts .......................................................... 8. 9. Multiply line 7 by line 8 .......................................................... 9. 10.Standard deduction. Enter full-year amount in each period .. 10. 11. Enter the larger of line 9 or line 10 ....................................... 11. 12. Subtract lines 6 and 11 from line 3 ...................................... 12. 13. Figure your tax on the amount on line 12. See instructions . 14. Enter any Iowa lump-sum tax and Iowa Alternative Minimum Tax for each period. See instructions .................. 13. 15. Total tax. Add lines 13 and 14 ............................................. 15. 16. Enter your exemption credits for the year (dollar amount)… 17. For each period, enter your credits from IA 1040, lines 44, 45, 48, 50, and 52. See instructions ................................... 18. For each period enter your credits from IA 1040, line 63. See instructions .................................................................. 16. 19. Balance. Subtract lines 16, 17, and 18 from line 15 ............ 19. 20. Applicable percentage ......................................................... 20. 1/1/16-3/31/16 1/1/16-5/31/16 1/1/16-8/31/16 1/1/16-12/31/16 4 2.4 1.5 1 4 2.4 1.5 1 4 2.4 1.5 1 22.5% 45% 67.5% 90% 4. 14. 17. 18. 21. Multiply line 19 by line 20..................................................... 21. 22. Add the amounts in all preceding columns of line 28. Note: Complete lines 22-28 of one column before going to the next column ............................ 23. Subtract line 22 from line 21. If zero or less, enter 0 ........... 24. Enter 1 4 of line 6 of form IA 2210 in each column................. 22. 23. 24. 25. Enter amount from line 27 of the preceding column ......................................... 26. Add lines 24 and 25 and enter the total ............................... 26. 27. Subtract line 23 from line 26. If zero or less, enter 0 ........... 28. Enter the smaller of line 23 or line 26 here and on IA 2210, line 8 ................................................................................... 27. 25. 28. 45-011a (06/29/16) IA 2210 Schedule AI Instructions You have the option of using the regular or annualized income installment method to figure your estimated tax penalty. You may be able to reduce or eliminate the amount of one or more of your required installments by using the annualized income installment method if your income varied during the year. For example, you operated a business on a seasonal basis. You must use IA 2210 and Schedule AI to figure the required installment amount to enter on IA 2210, line 8. If you use Schedule AI for any payment due date, you must use it for all payment due dates. To figure the amount of each required installment, Schedule AI automatically selects the smaller of the annualized income installment or the regular installment (increased by the amount saved by using the annualized income installment method in figuring earlier installments). To use the annualized income installment method, you must do all of the following:  Complete form IA 2210 and Schedule AI. Enter the amount from each column of line 28 of Schedule AI in each column of IA 2210, line 8.  Check the box on the IA 1040, line 74 indicating that you used the annualized income installment method.  Include form IA 2210 and Schedule AI with your return. Line 1: Figure your net income for the months shown in each column heading. Include the sum of all gross income/loss for the period minus any adjustments to income for the period. Line 4: Enter your federal tax payments for the months shown in each column heading net of any refund received in the period. A net refund should be entered as a negative number. Line 7: Enter your Iowa itemized deductions for the months shown in each column heading. If you do not itemize, enter zero and skip to line 10. Line 10: Enter the full amount of the standard deduction for your filing status in each column, even if you itemized deductions. Line 13: Compute the tax using the IA 1040 tax tables. Line 14: Enter the Iowa lump-sum tax and Iowa Alternative Minimum Tax you owed because of events that occurred during the months shown in each column heading. Figure your Iowa minimum taxable income based on your income and deductions during the months shown in each column heading. Multiply this amount by the annualized amounts shown on line 2 before subtracting the alternative minimum tax exemption amounts. See form IA 6251, Iowa Alternative Minimum Computation. Line 16: Enter in each column your exemption credit amounts from form IA 1040, line 43. Line 17: Enter the credits from your IA 1040, lines 44, 45, 48, 50 and 52, that you are entitled to because of events that occurred during the months shown in the column headings. Do not annualize any credit. However, when figuring your credits, you must annualize any item of income or deduction used to figure the credit. Nonresidents, part-year residents and those claiming an out-of-state tax credit, see our Expanded Instructions on the Department’s Website (https://tax.iowa.gov). Line 18: Enter the credits from your IA 1040, line 63 that you are entitled to because of events that occurred during the months shown in the column headings. Do not annualize any credit. However, when figuring your credits, you must annualize any item of income or deduction used to figure the credit. Please include a worksheet or tax form showing the calculations for each credit claimed on line 18. Line 28: Enter these amounts on form IA 2210, line 8. 45-011b (06/29/16)
Extracted from PDF file 2016-iowa-form-ia-2210-ai.pdf, last modified July 2016

More about the Iowa Form IA 2210-AI Corporate Income Tax TY 2016

We last updated the Schedule AI Annualized Income Installment Method 45-011 in May 2017, so this is the latest version of Form IA 2210-AI, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form IA 2210-AI directly from TaxFormFinder. You can print other Iowa tax forms here.

Other Iowa Corporate Income Tax Forms:

TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form IA 130 Out-of-State Tax Credit 41-130
Form IA 147 Franchise Tax Credit 41-147
Form IA 4136 Computation of Iowa Motor Fuel Tax Credit 41-036
Form IA 1120 Iowa Corporation Income Tax Return
Form IA 128 Iowa Research Activities Credit 41-128

Download all IA tax forms View all 44 Iowa Income Tax Forms


Form Sources:

Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 2210-AI from the Department of Revenue in May 2017.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Iowa Form IA 2210-AI

We have a total of six past-year versions of Form IA 2210-AI in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

Schedule AI Annualized Income Installment Method 45-011 2015 Form IA 2210-AI

2014 IA 2210 Schedule AI, Annualized Income Installment Method

Schedule AI Annualized Income Installment Method 45-011 2014 Form IA 2210-AI

2014 IA 2210 Schedule AI, Annualized Income Installment Method

Schedule AI Annualized Income Installment Method 45-011 2013 Form IA 2210-AI

IA 2210 Schedule A1 income tax form

2012 Form IA 2210-AI

IA 2210 Schedule A1 income tax form

2011 Form IA 2210-AI

IA 2210 Schedule A1 income tax form


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