AR2210A: Annualized Penalty for Underpayment of Estimated Tax (2024)
Arkansas · Arkansas DFA · Used for tax years 2024
Form AR2210A calculates the Arkansas penalty for underpayment of estimated income tax on an annualized basis for 2024. It uses income, deductions, credits, estimated tax payments, and tax withheld for each period to determine underpayments and the total penalty.
Who files this form
Taxpayers with varied income may use Form AR2210A to compute the penalty for underpayment of estimated income tax on an annualized basis for 2024. The form does not state that these taxpayers must use it.
When it's due
For tax year 2024, the form lists these estimated tax payment due dates:
- April 15, 2024
- June 15, 2024
- September 15, 2024
- January 15, 2025
For the penalty calculation, line 41 uses the date the payment was made or April 15, 2025, whichever is earlier. The form does not state a separate filing deadline for AR2210A.
What you'll need
Have the following information available to complete the form:
- The primary taxpayer’s legal name and Social Security number.
- Adjusted gross income and standard or itemized deductions for each period: January 1 through March 31, May 31, August 31, and December 31, 2024.
- Spouse’s income for filing status 4 and spouse’s deductions where applicable.
- Your applicable return, Form AR1000F, AR1000NR, AR1002F, or AR1002NR, for the tax and credit amounts requested.
- The regular tax table to figure tax on annualized income after deductions.
- Estimated tax payments, tax withheld, and payment dates.
Common mistakes
- Missing exception code 6. Enter it in box 52A of Form AR1000F/AR1000NR or box 38A of Form AR1002F/AR1002NR.
- Completing the columns out of order. Complete lines 1 through 30 of one column before starting the next column. Complete those lines for all periods before continuing to line 31.
- Starting the penalty calculation on the wrong date. The form cautions that all penalty computations start from the estimated tax payment due date.
Questions people ask
What is Form AR2210A used for?
Taxpayers with varied income may use it to calculate the underpayment penalty on an annualized basis.
Which income periods does the 2024 form use?
Each period begins January 1, 2024. The periods end March 31, May 31, August 31, and December 31, 2024.
How is the penalty calculated for each period?
Count the days from the estimated tax payment due date to the payment date or April 15, 2025, whichever is earlier. Multiply the number of days by .00027397, then multiply that result by the underpayment amount carried to line 44.
Where do I report the total penalty?
Add the amounts on line 45 for all periods and enter the total on line 46. Also enter it on Form AR1000F/AR1000NR, line 52B, or Form AR1002F/AR1002NR, line 36B.