Arkansas Penalty for Underpayment of Estimated Tax

Penalty for Underpayment of Estimated Tax
2024_AR2210_BC.pdf
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AR2210

CLEAR FORM

2024

ITPE241
ARKANSAS INDIVIDUAL INCOME TAX

PENALTY FOR UNDERPAYMENT
OF ESTIMATED TAX

Primary’s legal name

Primary’s social security number

PART I - EXCEPTION
If you qualify for an exception 1 through 5 (see list on back of this form) from the Underestimate Penalty,
enter the exception on the line to the right and on Form AR1000F/AR1000NR, box 52A or AR1002F/AR1002NR, box 38A __________________
If you qualify for an exception, stop here. Do not complete Part II or Part III. Attach this form to Form
AR1000F/AR1000NR. (To claim exception 6, do not complete Form AR2210. For exception 6, use Form AR2210A only.)
If you do not qualify for an exception, complete Part II below.

PART II - REQUIRED ANNUAL PAYMENT
1. 2024 net tax: (line 38, Form AR1000F or line 38D, AR1000NR or line 26B, AR1002F or line 26F, AR1002NR) ....................... 1
2. Enter 90% (.90) of the amount shown on line 1: ............................................................................................................... 2
3. 2024 Arkansas income tax withheld: (line 39, AR1000F/AR1000NR or line 27, AR1002F/AR1002NR) ....................... 3
4. Subtract line 3 from line 1: (If the result is $1,000 or less, stop here. Do not complete this schedule.) ................. 4
5. 2023 net tax: (line 38, AR1000F or line 38D, AR1000NR or line 26B, AR1002F or line 26F, AR1002NR) ........................ 5
6. Required annual payment. Enter the smaller of line 2 or line 5: ....................................................................................... 6
If you do not qualify for an exception (Part I) and line 6 is more than line 3, complete Part III below.

PART III - COMPUTING THE PENALTY

PAYMENT DUE DATES
A
4-15-2024

B
6-15-2024

7. Required installments. Enter 1/4 (.25) of line 6, AR2210 in each column: ...... 7
8. Estimated tax paid and tax withheld. Enter 1/4 (.25) of line 3, AR2210
in each column. If line 8 is equal to or greater than line 7 for
all payment periods, stop here. You do not owe the penalty. Complete
lines 9 through 14 of each column before going to the next column: .......................... 8
9. Enter amount, if any, from line 14 of previous column: ................................................ 9
10. Add lines 8 and 9: ................................................................................................ 10
11. Subtract previous column’s line 13 from line 10. If zero or less, enter 0.
For column A only, enter the amount from line 8: .................................................... 11
12. If the amount on line 11 is zero, subtract line 10 from previous column’s line 13.
Otherwise, enter zero (0): ...................................................................................... 12
13. Underpayment. If line 7 is equal to or greater than line 11, subtract line 11 from
line 7 and add line 12 to that amount. Then, go to line 9 of the next column.
Otherwise, go to line 14: ....................................................................................... 13
14. Overpayment. If line 11 is greater than line 7, subtract line 7
from line 11, then go to line 9 of the next column: .................................................. 14
15. Number of days from the payment due date shown at top of column to the
date the amount on line 13 was paid, or 4-15-2025, whichever is earlier: .................. 15
16. Underpayment
from line 13
X

Number of
days from line 15
365

X

.10 .............................................. 16

17. PENALTY. Add all the amounts on line 16 in all columns.
Enter the total here and on Form AR1000F/AR1000NR, line 52B or Form AR1002F/AR1002NR, line 38B: ................... 17
AR2210 (R 11/22/2024)

C
9-15-2024

D
1-15-2025