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Iowa Free Printable IA 2210 Schedule AI, 45-011 for 2024 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

2023 IA 2210 Schedule AI Iowa Annualized Income Installment Method tax.iowa.gov Name(s): __________________________________________ Social Security Number: ____________________ 1/1/23-3/31/23 1/1/23-5/31/23 1/1/23-8/31/23 1/1/23-12/31/23 4 2.4 1.5 1 22.5% 45% 67.5% 90% 1. Enter your Iowa taxable income from lA 1040, line 4 for each period ................................................................................ 1. 2. Annualization amounts............................................................. 2. 3. Annualized income. Multiply line 1 by line 2 ......................... 3. 4. Compute your tax on the amount on line 3. See instructions......................................................................... 4. 5. Enter any Iowa lump-sum tax for each period. See instructions ................................................................................. 5. 6. Total tax. Add lines 4 and 5 ..................................................... 6. 7. Enter your exemption credits for the year (dollar amount) . 7. 8. For each period, enter your credits from IA 1040, lines 9, 10, 13, 15, and 17. See instructions ...................................... 8. 9. For each period enter your credits from IA 1040, lines 23, 24, 25, 26, and 27. See instructions ...................................... 9. 10. Balance. Subtract lines 7, 8, and 9 from line 6 ..................... 10. 11. Applicable percentage ............................................................. 11. 12. Multiply line 10 by line 11 ........................................................ 12. 13. Add the amounts in all preceding columns of line 19. Note: Complete lines 13-19 of one column before going to the next column ...................................................................... 13. 14. Subtract line 13 from line 12. If zero or less, enter 0 ........... 14. 15. Enter 25% (.25) of IA 2210, line 6 in each column .............. 15. 16. Enter amount from line 18 of the preceding column............ 16. 17. Add lines 15 and 14 and enter the total................................. 17. 18. Subtract line 14 from line 17. If zero or less, enter 0 ........... 18. 19. Enter the smaller of line 14 or line 17 here and on IA 2210, line 8 ................................................................................ 19. 45-011a (10/20/2023) 2023 IA 2210 Schedule AI Instructions You have the option of using the regular or annualized income installment method to compute 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 IA 2210 Schedule AI to compute the required installment amount to enter on IA 2210, line 8. If you use IA 2210 Schedule AI for any payment due date, you must use it for all payment due dates. To compute the amount of each required installment, IA 2210 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 computing earlier installments). To use the annualized income installment method, you must do all of the following: • Complete both form IA 2210 and form IA 2210 Schedule AI. Enter the amount from each column of IA 2210 Schedule AI, line 19 in each column of IA 2210, line 8. • Check the box on the IA 1040, line 35 indicating that you used the annualized income installment method. • Include form IA 2210 and IA 2210 Schedule AI with your return. Line 4: Compute the tax using the 2023 IA 1040 tax rate schedule. Line 5: Enter the Iowa lump-sum tax you owed because of events that occurred during the months shown in each column heading. Line 7: Enter in each column your exemption credit amounts from form IA 1040, line 8. Line 8: Enter the credits from your IA 1040, lines 9, 10, 13, 15, and 17, 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 computing your credits, you must annualize any item of income or deduction used to compute the credit. Nonresidents, part-year residents, and those claiming an Out-of-state Tax Credit, see IA 1040 expanded instructions at tax.iowa.gov. Line 9: Enter the credits from your IA 1040, lines 23, 24, 25, 26, and 27 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 computing your credits, you must annualize any item of income or deduction used to compute the credit. Include a worksheet or tax form showing the calculations for each credit claimed on line 18. Line 19: Enter these amounts on form IA 2210, line 8. Line 1: Compute your Iowa taxable 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. 45-011b (10/20/2023)
Extracted from PDF file 2023-iowa-form-ia-2210-ai.pdf, last modified July 2021

More about the Iowa Form IA 2210-AI Corporate Income Tax TY 2023

We last updated the Schedule AI Annualized Income Installment Method 45-011 in February 2024, so this is the latest version of Form IA 2210-AI, fully updated for tax year 2023. 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.


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Related Iowa Corporate Income Tax Forms:

TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Iowa Form IA 2210-AI.

Form Code Form Name
Form IA 2210 Underpayment of Estimated Tax by Individuals 45-007
Form IA 2210F Underpayment of Estimated Tax by Farmers/Fishers 45-008
Form IA 2210S Short Method Underpayment of Estimated Tax by Individuals 45-012

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 February 2024.

Show Sources >

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 thirteen 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:


2023 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

2022 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

2021 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

2020 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

2019 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

2018 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

2017 Form IA 2210-AI

IA 2210 Schedule AI, 45-011

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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