Annualized Income

Annualized Income

The actual income and expenditures for a particular period multiplied by the ratio of 12 to the number of months in the period. For example, if annualizing the income for the period January 1 though May 31, multiply the income for the period by 2.4 (12 divided by 5).
References in periodicals archive ?
66552(f)(2)(v), a proportionate amount of a taxpayer's estimated annual depreciation (and/or amortization) expense is taken into account in determining the annualized income installment.
9233001 (April 28, 1992), the IRS asserted a large corporation is not required to include subpart F income when computing annualized income installments for its estimated tax payments.
Under these conditions, Joe may benefit, at least for the first installment, from using the annualized income safe harbor.
Because the increased estimated tax payments demanded greater precision in preparing the estimates, the estimated tax penalty was restructured and the annualized income exceptions expanded.
A brief annualized income and expense summary, which combines the results from Parts "A" and "B" of the program, is shown in Table 5.
Participating ethanol facilities generate significant additional annualized income and earn a return on their investment in the program about 1.
For trusts, two little-known rules exist for calculating quarterly estimated tax payments based on the annualized income method, with one applying at the trust level and the other being available to a trust beneficiary.
Before the EUCA amendments, a taxpayer with income that varied during the year could lower or eliminate a required estimated payment by using the annualized income installment method.
While the BEA -- using six-month-old data -- has been measuring annualized income growth of 2.
Further, if XYZ were a large corporation, it would not be eligible to file Form 1138 unless it annualized income.
5 million in 2003 with earnings doubling from just over $300,000 to $700,000 and annualized income from operations doubling from .