Form Schd-ND-1UT Underpayment of Estimated Individual Income Tax

Do not complete this form unless you were required to pay estimated federal income tax for the 2012 tax year See Federal estimated income tax requirement in General Instructions 15 Underpayment If line 7 is greater than line 10 subtract line 10 from line 7 and enter result Otherwise enter 0 15 2012 Schedule ND 1UT instructions 9 Enter amount if any from line 13 of previous column 9 A Quali ed farmer (4th quarter payment required) C Federal 4th quarter exception Add lines 14 and 15 of previous column and enter result 11 and on Form ND 1 line 39 (See instructions) 17 Attach a copy of the federal annualized income installment method worksheet (from 2012 Federal Form 2210) showing the amounts you computed for federal purposes Attach to Form ND 1 B Federal annualized income installment method D Part year North Dakota requirement (Attach copy of Form 2210) OffOff before going to next column Calculation of interest on underpayment 2012 Complete lines 9 through 15 of one column d Multiply line 16(c) by 12% ( 12) and round to three decimal places 16d e Multiply line 15 by line 16(d) and enter result 16e date on line 16(a) 16b Divide line 16(b) by 365 and round to three decimal places 16c Do not complete Schedule ND 1UT unless you were required to pay estimated federal income tax for the tax year To determine if you were required to pay estimated federal income tax for 2012 see the 2012 Federal Form 2210 Enter 2011 net tax liability (from Form ND 1 line 27 or Form ND EZ line 2) If no return was required to be led for 2011 enter 0 If less than $500 stop; you were not required to pay estimated tax for 2012 5 Enter 2012 net tax liability (from Form ND 1 line 27 or Form ND EZ line 2) 1 Enter 2012 withholding (from Form ND 1 line 28 or Form ND EZ line 3) 3 Enter 25% of amount on line 6 in each column (or if an exception in Part 1 applies enter the amount per instructions to line 7) 7 Enter estimated tax paid and tax withheld (See instructions) 8 Enter the amount of estimated tax paid and income tax withheld for each quarter Unless you can show otherwise one fourth of the total amount withheld is deemed to have been withheld by each payment due date If you elected to apply an overpayment from your 2011 North Dakota return to your 2012 estimated tax enter the overpayment in the 1st quarter column; however if you had attached a statement to your 2011 return requesting the overpayment to be applied to another quarter enter the overpayment in the appropriate column Except for a late payment or where an underpayment is offset by a subsequent quarter s overpayment enter April 15 2013 If there is a late payment and the amount of the payment equals or exceeds the amount of estimated tax due enter the date of payment If an underpayment is fully offset by a subsequent quarter s overpayment enter the payment due date for the quarter in which the overpayment occurred In other cases more than one date may apply and it may be necessary to compute the interest on a separate worksheet in which case you should skip lines 16a through 16d and enter the separately computed interest on line 16e in the appropriate column Attach your worksheet to Schedule ND 1UT Federal estimated income tax requirement Following are descriptions of the exceptions to the regular computation of underpayment listed in Part 1 If one of them applies ll in the applicable circle For purposes of computing interest the amount paid for a particular quarter must be applied rst to the amount due for that quarter If the total amount paid exceeds the amount due the excess must be applied to offset an outstanding underpayment if any from a previous quarter starting with the earliest underpayment In addition in the case of a late payment the interest on line 16e must be computed on the amount due on line 7 less any tax withheld included on line 8 from line 10 and enter result Otherwise enter 0 12 General instructions If Item A applies enter the amount from line 6 in the 4th quarter column Enter zero in the rst three columns If Item B applies use the annualized federal taxable income determined on 2012 Federal Form 2210 to calculate an annualized North Dakota taxable income Include any adjustments required or allowed under North Dakota tax law in the calculation Enter the amount of estimated North Dakota income tax due by each payment due date calculated in the same manner as under the federal annualized income installment method on Form 2210 If Item C applies enter 25% of the amount on line 6 in the 1st 2nd and 3rd columns Enter zero in the 4th quarter column If Item D applies the amount to enter in each column depends on when you rst received income from North Dakota sources in 2012 If you received the income after March 31 and before June 1 2012 enter one third of the amount on line 6 in the 2nd 3rd and 4th quarter columns If you received the income after May 31 and before September 1 2012 enter one half of the amount on line 6 in the 3rd and 4th quarter columns If you received the income after August 31 2012 and before January 1 2013 enter the amount from line 6 in the 4th quarter column If one of the exceptions in Part 1 applies enter on this line the appropriate amount(s) as follows: If one of the exceptions in Part 1 applies see the Payment due date instructions to line 7 before completing the rest 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter of this form April 15 2012 June 15 2012 Sept 15 2012 Jan 15 2013 If there is an amount on this line you may not le Form ND EZ; you must le Form ND 1 If there is an overpayment on Form ND 1 line 31 any interest due on Schedule ND 1UT will reduce the amount refunded to you If there is a tax due on Form ND 1 line 35 any interest due on Schedule ND 1UT must be included in the balance due to be paid with your return If there is no overpayment or tax due on your return and if the interest due on Schedule ND 1UT is $5 00 or more the interest due on Schedule ND 1UT must be included in the balance due and a check or money order for this amount must be submitted with your return IMPORTANT: Read the instructions on the reverse side before attempting to complete this form In some cases you may nd it necessary to compute the interest on a separate worksheet in which case you should skip lines 16a through 16d and enter the separately computed interest on line 16e in the appropriate column Attach your worksheet to Schedule ND 1UT Instructions for Part 1 Instructions for Part 2 Instructions for Part 3 Interest computation: a Enter date of payment (See instructions) 16a b Enter number of days from the payment due date to the Interest of 12% per year is charged on an underpayment or late payment of estimated tax Interest accrues from the due date of the payment to the earlier of April 15 2013 or the date the estimated tax due is paid in full In the case where an overpayment is applied to offset an underpayment the overpayment is considered to have been applied as of the payment due date for the quarter in which the overpayment occurred Item A: Quali ed farmer (4th quarter payment required) Item B: Federal annualized income installment method Item C: Federal 4th quarter exception Item D: Part year North Dakota requirement Line 16a Line 17 Line 7 Line 8 Multiply line 1 by 90% ( 90) [or 66 2/3% ( 6667) if a quali ed farmer] 2 Name(s) shown on return ND 1UT North Dakota Of ce of State Tax Commissioner OffOff or late payment of estimated income tax for individuals Overpayment carryover If line 12 is greater than line 11 Overpayment If line 10 is greater than line 7 subtract line 7 Part 1 Exceptions to regular computation of underpayment Part 2 Computation of underpayment Part 3 Computation of interest (See instructions) Schedule North Dakota Of ce of State Tax Commissioner See the instructions for a description of each of the exceptions listed below If one of them applies ll in the applicable circle complete Parts 2 and 3 as instructed and attach Schedule ND 1UT to your return Social security number subtract line 11 from line 12 and enter result Otherwise enter 0 13 subtract line 12 from line 11 and enter result Otherwise enter 0 14 Subtract line 3 from line 1 If less than $500 stop; you were not required to pay estimated tax for 2012 4 This exception applies if you did not have to make the 4th quarter estimated federal income tax payment due on January 15 2013 because you led your 2012 federal income tax return and paid the remaining federal income tax due by February 1 2013 This exception applies if you quali ed as a farmer for federal estimated income tax purposes in 2012 and you were required to pay estimated federal income tax for the 4th quarter due on January 15 2013 This exception applies if you were a nonresident of North Dakota or you moved into North Dakota during 2012 and you did not receive income subject to North Dakota income tax until after April 15 2012 Attach a statement describing your situation This exception applies only if you actually used the annualized income installment method to calculate the amount of your underpayment and penalty for federal estimated income tax purposes for 2012 Total interest Add the amounts in all four columns on line 16(e) Enter result here Total paid Add lines 8 and 9 10 Total required payment Enter smaller of line 2 or line 5 However if you moved into North Dakota in 2011 ll in this circle and enter the amount from line 2 above 6 Underpayment carryover If line 11 is greater than line 12 You may use Schedule ND 1UT to determine if you paid enough estimated North Dakota income tax by the payment due dates and if you didn t to calculate the amount of interest you must pay on the underpayment or late payment The dates used on Schedule ND 1UT and in these instructions are for calendar year lers Fiscal year lers should substitute corresponding dates