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Form IN-152 Underpayment-2012 Est. Ind. Income Tax Worksheet
100% of 2011 VERMONT TAX MINUS CREDITS: (Form IN 111 Line 26 minus the sum of Lines 31c 31d and 31g) 2 15 Total underestimated interest and penalty due (Add Line 11 total and Line 14 total) 15 2012 VERMONT Underpayment of 2012 Estimated Individual Income Tax WORKSHEET IN 152 4 Tax payments required per quarter (Multiply Line 3 by 25) 5a From 2012 Form IN 111 add Lines 31a 31e and 31f then multiply by 25 per quarter 5b Enter 2011 overpayment and quarterly estimated payments made by the due date per quarter 5c Add Lines 5a and 5b Each quarter should not equalmore than Line 4 apply any excess to the next quarter 8a Number of days AFTER the due date to the date reportedon Line 7 for each quarter or Jan 1 2013 whichever date is earlier 8b Number of days FROM Jan 1 2013 to the date payment was made on Line 7 for each quarter or April 15 2013 whichever date is earlier 4th quarter: Use number of days from Jan 15 2013 90% OF 2012 VERMONT TAX MINUS CREDITS: (Form IN 111 Line 26 minus the sum of Lines 31c 31d and 31g multiplied by 90%) 1 9a Interest due for 2012 (Divide Line 8a by 365 multiplyby 4 8% then multiply by Line 6) 9b Interest due for 2013 (Divide Line 8b by 365 multiplyby 5 6% then multiply by Line 6) CALCULATION OF INTEREST CALCULATION OF PENALTY CALCULATION OF UNDERPAYMENT April 15 2012 June 15 2012 Sept 15 2012 Jan 15 2013 Totals CALCULATIONS Date FULL payment was made or April 15 2013 whichever date is earlier DUE DATES OF QUARTERLY PAYMENTS Enter the lesser of Line 1 or Line 2 3 Interest due per quarter (Add Lines 9a and 9b) Number of months FROM the due date of that quarter tothe date shown on Line 7 (a portion of a month countsas a whole month) Penalty due per quarter (Multiply Line 12 by 01 (1%)then by Line 6) Please Print or Type REQUIRED ANNUAL PAYMENT Taxpayer s Social Security Number Spouse or CU Partner Social Security Number TOTAL INTEREST AND PENALTY Total underpayment interest due (Add Line 10 columns) 11 Total underpayment penalty due (Add Line 13 columns) 14 Underpayment per quarter (Subtract Line 5c from Line 4) This line cannot be less than zero Worksheet IN 152