×
tax forms found in
Tax Form Code
Tax Form Name

Maine Free Printable 2018_form 2210.indd for 2019 Maine Annualized Income Installment Worksheet for Form 2210ME

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2018-maine-worksheet-form-2210me.pdf, and you can print it directly from your computer.

Annualized Income Installment Worksheet for Form 2210ME
2018_form 2210.indd

Attachment Sequence No.15 FORM 2210ME 2018 Underpayment of Estimated Tax by Individuals, Estates or Trusts Enclose with your Form 1040ME or Form1041ME (See instructions on back) For calendar year 2018 or fiscal year beginning __________________________ , 2018 and ending ____________________________ , ________ Your SSN or EIN (do not enter / or -) Name(s) as shown on Form 1040ME or 1041ME Part I — Calculating Your Underpayment 1. 2018 tax. (Form 1040ME - line 24 minus lines 25c, 25d, and 25e or Form 1041ME - line 6 minus any refundable tax credit included on Form 1041ME, line 7c) ........................................................................................................................ 1. ______________ 2. Multiply tax on line 1 by 90% (66 2/3% for farmers and fishermen) ............................................................................................... 2. ______________ 3. 2018 Maine Income Tax Withheld, Form 1040ME, line 25a, or Form 1041ME, line 7a. ............................................................... 3. ______________ 4. Subtract line 3 from line 1. If the result is less than $1,000, do not complete or file this form........................................................ 4. ______________ 5. 2017 tax (if short year, enter the amount from line 2): 2017 Form 1040ME, line 24 minus lines 25c, 25d, and 25e or 2017 Form 1041ME, line 6 minus any refundable tax credit included on Form 1041ME, line 7c. If less than $1,000, do not complete or file this form .......... 5. ______________ 6. Enter line 2 or line 5, whichever is less .......................................................................................................................................... 6. ______________ 7. Multiply the amount on line 6 by .25 (to compute the amount for line 9). Enter result here .......................................................... 7. ______________ 8. Due dates for estimated tax payments ..................................................... 8. 9. Estimated tax due. Enter amount from line 7 above or line 25 of annualized worksheet under each payment due date ............................... 9. A April 17, 2018 B June 15, 2018 C Sept. 17, 2018 D Jan. 15, 2019 10. Less tax payments. a. Tax withheld (Enter 25% [0.25] of line 3 in each column).................. 10a. b. Estimated tax paid by due date on line 8 ..........................................10b. c. Amount carried forward (overpaid) from line 11b, previous column. For column A, enter credit carried forward from previous tax year ...... 10c. d. Total. Add lines 10a, 10b and 10c....................................................10d. 11. Subtract line 10d from line 9 (may be a negative amount) ...................... 11. a. If line 9 is larger than line 10d, enter the underpayment here ......... 11a. b. If line 10d is larger than line 9, enter overpayment here.................. 11b. Part II — Calculating the Penalty — For Quarters with entries on line 11a 12. Enter date of payment of the underpayment on line 11a or the 15th day of the fourth month after close of taxable year, whichever is earlier. 12. 13. Number of months from due date of installment (line 8) to date shown on line 12. A part of a month is considered a whole month ..................... 13. 14. Enter the rate from the table on next page .............................................. 14. 15. Underpayment Penalty — Multiply underpayment on line 11a by the rate on line14........................................................................................... 15. 16. Total of amounts shown on line 15. Enter result here and on Form 1040ME, line 34b or Form 1041ME, line 8b. ...................... 16. ______________ (If zero, do not file this form. However, if you used the annualized income installment method, you must file this form even if the penalty amount is zero.) 17. Check here and on Form 1040ME, line 34b or Form 1041ME, line 8b, if you use the annualized income installment method..................... 17. FORM 2210ME INSTRUCTIONS Purpose of Form. Use this form to see if you must pay a penalty for underpaying your estimated tax or paying your estimated tax late. Use Part I to see if you paid enough estimated tax on time. If you did not, use Part II to calculate the penalty on any underpayment. Who Must Pay the Underpayment Penalty? In general, you will owe an underpayment penalty if your 2018 tax liability less allowable credits and withholding is $1,000 or more and your 2017 tax liability before tax credits, income tax withholding or any other tax payment(s) for the tax year was $1,000 or more. NOTE: Maine law disallows the use of the election to pay estimated tax based on the prior year’s tax liability when an unusual event occurs, such as realization of a large, one-time capital gain. You must pay 90% of the tax on the unusual event income for the installment period during which the unusual event occurs. An unusual event occurs when taxable income for the estimated tax installment period exceeds the taxable income received during the same period in the prior tax year by at least $500,000. If you received unusual event income during any estimated tax installment period beginning in 2018, you must adjust the estimated tax due on line 9 of this form for that period. You may be able to use the actual liability method described below to accomplish this recalculation. You will not owe an underpayment penalty or need to file this form if your 2018 tax liability reduced by allowable credits and Maine income tax withheld is less than $1,000, or your 2017 tax liability was less than $1,000. Even though you are required to file this form, you will avoid the underpayment penalty if you paid at least 90% of the 2018 tax on time. Farmers and Fishermen. If you are a farmer or fisherman who files an income tax return and pays the tax liability in full on or before March 1 of the following year, no penalty is due. Payment Method. Individuals must make four (4) equal installment payments of estimated tax unless they can document the actual liability for each required installment of estimated tax. Use the actual liability method if your income varied during the year because, for example, you own a seasonal business or the majority of your income was received in one payment. Using this method may lower or eliminate the amount of your quarterly estimated tax payments. To calculate your actual liability, complete the Annualized Installment Worksheet for each payment due date and check the box on line 17 on this form and on Form 1040ME, line 34b or Form 1041ME, line 8b. NOTE: Forms are available at www.maine.gov/revenue/forms or call 207-624-7894. Computation of Underpayment Penalty. Calculate the penalty on the amount of the underpayment of each installment for the period of underpayment. The penalty rate for calendar year 2018 is .50% per month or fraction thereof, compounded monthly. For calendar year 2019, the penalty rate is .50% per month or fraction thereof, compounded monthly. Enter on line 14 the appropriate rate from the table below that corresponds to the number of months shown on line 13. Multiply the underpayment on line 11a by the rate on line 14 and enter the result on line 15. Do not calculate the penalty for the 4th required payment if the tax return for the taxable year is filed and the tax is paid in full by January 31. Fiscal-year filers may not use the table below. Number of Months shown on Line 13 1 2 3 4 5 6 7 8 9 10 11 12 Enter this Rate on line 14, column A .005000 .010025 .015075 .020151 .025251 .030378 .035529 .040707 .045911 .051140 .056396 .061678 Enter this Rate on line 14, column B .005000 .010025 .015075 .020151 .025251 .030378 .035529 .040707 .045911 .051140 Enter this rate on line 14, column C .005000 .010025 .015075 .020151 .025251 .030378 .035529 Enter this rate on line 14, column D .005000 .010025 .015075
Extracted from PDF file 2018-maine-worksheet-form-2210me.pdf, last modified December 2018

More about the Maine Worksheet Form 2210ME Individual Income Tax TY 2018

We last updated the Annualized Income Installment Worksheet for Form 2210ME in February 2019, so this is the latest version of Worksheet Form 2210ME, fully updated for tax year 2018. You can download or print current or past-year PDFs of Worksheet Form 2210ME directly from TaxFormFinder. You can print other Maine tax forms here.

Other Maine Individual Income Tax Forms:

TaxFormFinder has an additional 61 Maine income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Income Tax Instructions Form 1040-ME Instructions
Form 1040ME 1040ME Income Tax Return
Schedule 1 Income Modifications / Pension Income Deduction Worksheet
Schedule PTFC Schedule PTFC property tax fairness credit
Schedule NR Apportionment for nonresidents and part-year residents

Download all ME tax forms View all 62 Maine Income Tax Forms


Form Sources:

Maine usually releases forms for the current tax year between January and April. We last updated Maine Worksheet Form 2210ME from the Revenue Services in February 2019.

Show Sources >

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 Maine Worksheet Form 2210ME

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


2018 Worksheet Form 2210ME

2018_form 2210.indd

2017 Worksheet Form 2210ME

2017_form 2210.indd

2016 Worksheet Form 2210ME

2016_form 2210.indd

Annualized Income Installment Worksheet for Form 2210ME 2015 Worksheet Form 2210ME

15_1040_form2210me ann.indd


TaxFormFinder Disclaimer:

While we do our best to keep our list of Maine 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.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/maine/worksheet-form-2210me