Arkansas Penalty for Underpayment of Estimated Tax

Penalty for Underpayment of Estimated Tax
2023_AR2210_BC.pdf
AR2210

PRINT FORM

CLEAR FORM

2023

ITPE231
ARKANSAS INDIVIDUAL INCOME TAX

Primary’s legal name

PENALTY FOR UNDERPAYMENT
OF ESTIMATED TAX

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 36A __________________
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. 2023 net tax: (line 38, Form AR1000F or line 38D, AR1000NR or line 24B, AR1002F or line 24F, AR1002NR) ....................... 1
2. Enter 90% (.90) of the amount shown on line 1: ............................................................................................................... 2
3. 2023 Arkansas income tax withheld: (line 39, AR1000F/AR1000NR or line 25, 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. 2022 net tax: (line 38, AR1000F or line 38D, AR1000NR or line 24B, AR1002F or line 24F, 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
4-15-2023

B
6-15-2023

7. Required installments. Enter 1/4 (.25) of line 6, AR2210 in each column: ...... 7
8. Estimated tax paid and tax withheld. For column A only, enter the
amount from line 8 on line 12. 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 15 of each column before going to the next column: .......................... 8
9. Enter amount, if any, from line 15 of previous column: ................................................ 9
10. Add lines 8 and 9: ................................................................................................ 10
11. Add amounts on lines 13 and 14 of previous column: ............................................ 11
12. Subtract line 11 from line 10. If zero or less, enter 0. For column A only,
enter the amount from line 8: ................................................................................. 12
13. If the amount on line 12 is zero, subtract line 10 from line 11.
Otherwise, enter zero: ........................................................................................... 13
14. Underpayment. If line 7 is equal to or greater than line 12, subtract line
12 from line 7. Then go to line 9 of the next column. Otherwise, go to line 15: ......... 14
15. Overpayment. If line 12 is more than line 7, subtract line 7
from line 12, then go to line 9 of the next column: .................................................. 15
16. Number of days from the payment due date shown at top of column to the
date the amount on line 14 was paid, or 4-15-2023, whichever is earlier: ................. 16
17. Underpayment
from line 14
X

Number of
days from line 16
X .10 .............................................. 17
365
18. PENALTY. Add all the amounts on line 17 in all columns.
Enter the total here and on Form AR1000F/AR1000NR, line 52B or Form AR1002F/AR1002NR, line 36B: ................... 18

AR2210 (R 6/15/2023)

C
9-15-2023

D
1-15-2024