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Annualized Income Installment Method for WORKSHEET Attach a copy
2019 Underpayment of 2019 Estimated Tax by of your federal
VERMONT IN-152A Form 2210,
Individual, Estates, and Trusts pages 1-4
Taxpayer Information Please Print or Type Page 2
Taxpayer’s Last Name First Name MI Taxpayer’s Social Security Number
Spouse’s/CU Partner’s Last Name First Name MI Spouse’s/CU Partner’s Social Security Number
Required Annual Payment
1. 90% of 2019 VERMONT TAX MINUS CREDITS:
(Form IN-111,Line 20 minus Line 25c, multiplied by 90%) . . . . . . . . . . . . . . . . . . . . . . . . . . 1. . . __________________________. . .00
2. 100% of 2018 VERMONT TAX MINUS CREDITS:
(Form IN-111, Line 20 minus Line 25c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. __________________________ .00
3. Enter the lesser of Line 1 or Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3. __________________________ .00
4. Enter the amount from federal Form 2210, Page 1, Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. _____________________________.00
Calculations DUE DATES OF QUARTERLY PAYMENTS
CALCULATION OF UNDERPAYMENT April 15, 2019 June 15, 2019 Sept. 15, 2019 Jan. 15, 2020 Totals
5. Tax payments required per quarter from
federal Form 2210, Page 4, Line 27 . . . . . . . . . . . . . . . . . . . .
6. Vermont payment due . (Divide Line 5 by Line 4, IN-152A
then multiply by Line 3 .) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7a. From 2019 Form IN-111, add Lines 25a, 25d, and 25e,
then multiply by .25 per quarter . . . . . . . . . . . . . . . . . . . . . . .
7b. Enter 2018 carryforward and 2019 quarterly estimated
payments made by the due date per quarter . . . . . . . . . . . . . . . 2 - 2
7c. Add Lines 7a and 7b . Each quarter should not equal
more than Line 6; apply any excess to the next quarter . . . . .
8. Underpayment per quarter (Subtract Line 7c from
Line 6) . This line cannot be less than zero . . . . . . . . . . . . . . .
9. Date FULL payment was made or April 15, 2020,
whichever date is earlier . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CALCULATION OF INTEREST
10a. Number of days AFTER the due date to the date reported on
Line 9 for each quarter, or Jan . 1, 2020, whichever date is earlier
10b. Number of days FROM Jan . 1, 2020 to the date payment was
made on Line 9 for each quarter, or April 15, 2020, whichever date
is earlier . 4th quarter: Use number of days from Jan . 15, 2020 . . . .
11a. Interest due for 2019 (Divide Line 10a by 365, multiply
by 6 .75%, then multiply by Line 8) . . . . . . . . . . . . . . . . . . . .
11b. Interest due for 2020 (Divide Line 10b by 365, multiply
by 7 .50%, then multiply by Line 8) . . . . . . . . . . . . . . . . . . . .
12. Interest due per quarter (Add Lines 11a and 11b) . . . . . . . . .
13. Total underpayment interest due (Add Line 12 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
CALCULATION OF PENALTY
14. Number of months FROM the due date of that quarter to the date
shown on Line 9 (a portion of a month counts as a whole month)
15. Penalty due per quarter (Multiply Line 14 by .01 (1%)
then by Line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. Total underpayment penalty due (Add Line 15 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
TOTAL INTEREST AND PENALTY
17. Total underestimated interest and penalty due (Add Lines 13 and 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17.
5432 Worksheet IN-152A, Rev. 10/19