[Anonymous]

Does anyone have any resources such as a TBS for this Estimated Tax payments method (Annualization of Income Method)? Basically, an individual has AGI, I/D, and exmepmtions. Then, he has different income during each quarter that must be annualized and paid as an estimated tax. Becker doesn’t have any good examples and the IRC is all over the damn place.

Sorry this is kind of confusing, but maybe someone understands what I am asking for. Its basically an individual making installment payments every quarter… I am looking for a TBS to help me out.

Thanks.

[Earla Riopel (NYCARE)]

I know, lots of MCQs but not enough SIMs to practice on.

However, just knowing what it is, the calculation, and what items go into the ‘boxes' Form 2210, you're already have a decent start.

Helpful links:
https://quickbooks.intuit.com/r/taxes/estimated-tax-payments-should-you-use-annualized-income/
https://www.investopedia.com/terms/a/annualized-income.asp
https://www.irs.gov/pub/irs-pdf/f2210.pdf

They might test you on:
– How to fill-in the boxes, and complete the Form 2210.
– Sorting documents (via tabs/pages/exhibits) – how it relates to the amounts.
– Error correction or vouching of amounts given – likely DRS questions.
– Or just anything related to it.

Disclaimer: I am scheduled to take REG for 2017 Q4. Just to let you know.

It's a good SIMs question. I've seen this question on previous MCQs.

Good luck.

AUD - 49
BEC - NINJA in Training
FAR - NINJA in Training
REG - 55

Passed: AUD (75%'08/77%'17), REG (76%'09) & BLaw(77%'99); highest on FAR (63%'11/'15) & BEC (63%'11). Credit Hours: USA(PH)-BCom'85(4yr-grandfathered); UBC-(DAP'02/'19); DC-(BBA-Acctg.'22-4th yr)=over 150 hrs credits

[Anonymous]

Anyone?

[TommyTheCat]

go read Form 2210 pages 3 (Part IV) and 4 (Schedule AI) and the corresponding instructions and play with the numbers and calculate through these two pages.

AUD - 85
BEC - 89
FAR - 91
REG - 97

[Anonymous]

@TommyTheCat

Thank you. I will review form 2210 ASAP. I appreciate your help.

[Author]

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