Form IT-SD 2210-Long Fillable Interest Penalty on Underpayment of Ohio or School District Income Tax -- Long Method
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005178 005178 = 03 X 63/365 There are 63 days from April 15 until June 007397 007479 009945 $1 08 $1 08 = $3 55 The taxpayer would (i) cross out the ratio on line 7 $125 $250 $375 $500 $125 $250 $375 $500 $125 $250 $375 $500 $125 $250 $375 $500 $15 000 $2 47 ( 007479 forform IT 1140) ( 007562 forform IT 1140) (10/15/13 for (2013 Ohio form SD 100 line 4) minus the taxpayer s combined (5/15/13) to the next required due date (06/17/13): 5/15/13 to (7/15/13 for (a) The sum of (i) the taxpayer s state income tax liability for the (b) The sum of (i) the taxpayer s combined withholdings (ii) (Back) Back (Back) Back (Back) Back (Back) Back (iii) include detailed calculations (see Note 1 below) (see the tax table in the instruction booklet for Ohio form IT 1041) 4 *For leap years use 366 days instead of 365 days < $500 > 022 5% 1 2013 Ohio income tax after all nonrefundable credits (from 2013 Ohio forms IT 1040EZ line 14; 1 Cumulative federal adjusted gross income for each period 1 1 Cumulative net income and gain for each period 1 1 Cumulative net Ohio taxable income (estates) or cumulative modified 1 Cumulative Ohio taxable income for each period 1 1 Cumulative Ohio taxable income for each period If you reside in an 1 Do not include on this line any portion of the overpayment credit carryforward from 2012 to the extent that the overpayment is attributable 1 Married filing jointly estimated taxes paid for the current taxable year are as follows: 1 Multiply the amount on page 2 line 9 by the percentage indicated 1 of this form Please also provide documentation showing that the 1/01/13 1/01/13 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/01/13 to 1/15/14 100% 10 Annualized income apportioned to Ohio (line 8 times line 9 ratio) 10 10 Applicable percentage 10 10 If you (or your spouse if filing a joint return) reached age 65 before 10 Income based exemption credit (Ohio form IT 1040EZ line 9) 10 10 is more than line 9 enter 0 11 10 Line 8 times line 9 10 10 Nonrefundable credits for the period 10 10 Nonrefundable nonbusiness credits (Ohio Schedule B) 10 100% of the amount shown on page 2 line 5 13 100% of the amount shown on page 2 line 5 14 100% of the amount shown on page 2 line 5 19 100% of the amount shown on page 2 line 5 23 100% of the amount shown on page 2 line 5 24 100% of the amount shown on page 2 line 5 28 10211411 10211411 10211411 10211411 11 Annualized Ohio school district income tax after credits (line 9 minus 11 Annualized tax after exemption credit (line 9 minus line 10) If line 11 Deannualized adjustment for fi rst $500 11 11 Line 9 times line 10 11 11 Net annualized tax (line 9 minus line 10) 11 11 Nonbusiness income allocated to Ohio (attach explanation and 11 Tax (line 9 minus line 10) If line 10 is more than line 9 enter 0 11 11/30/13 1140) 12 Annualized Ohio taxable income (line 10 plus line 11) 12 12 Deannualization factor 12 12 Deannualized adjustment for fi rst $500 12 12 Income based exemption credit (Ohio form IT 1040 line 9) 12 12 is more than line 11 enter 0 13 12 Joint fi ling credit 12 12 Line 10 minus line 11 If line 11 is more than line 10 enter 0 12 12/31/13 12/31/13 12/31/13 13 Annualized tax after exemption credit (line 11 minus line 12) If line 13 Annualized tax after joint filing credit (line 11 minus line 12) If line 13 Enter in columns A B C and D respectively 25% 50% 75% and 13 For columns A through C multiply line 11 by line 12 For column D 13 For columns A through C multiply line 11 by the line 12 factor For 13 Line 11 minus line 12 If line 12 is more than line 11 enter 0 13 13 Tax rate 13 14 Amount from page 2 line 1 (enter the same amount in all four 14 Annualized tax before credits (line 12 times line 13 tax rate) 14 14 Earned income credit 14 14 Enter here and in the respective columns on page 3 line 1 the 14 Enter in columns A B C and D respectively 25% 50% 75% and 14 is more than line 13 enter 0 15 14 Joint fi ling credit 14 15 Annualized tax after earned income credit (line 13 minus line 14) 15 Annualized tax after joint filing credit (line 13 minus line 14) If line 15 Applicable percentage 15 15 Enter here and in the respective columns on page 3 line 1 the 15 Nonrefundable business credits for each period 15 16 Annualized Ohio tax after credits (line 14 minus line 15) If less than 16 Deannualization factor 16 16 Line 14 times line 15 16 16 Resident nonresident part year resident tax credits and nonrefundable 17 Deannualization factor 17 17 Deannualized adjustment for fi rst $500 17 17 Earned income credit 17 17 For columns A through C multiply line 15 by line 16 For column D 18 Amount from page 2 line 1 (enter the same amount in all four 18 For columns A through C multiply line 16 by the line 17 factor For 18 Line 16 minus line 17 If line 17 is more than line 16 enter 0 18 18 Ohio adoption credit 18 19 Amount from page 2 line 1 (enter the same amount in all four 19 Applicable percentage 19 19 Enter in columns A B C and D respectively 25% 50% 75% 19 Enter in columns A B C and D respectively 25% 50% 75% and 19 Manufacturing equipment grant 19 1974 requires us to inform you that providing us with your Social Security number is mandatory 2 2013 Ohio income taxes withheld by others refundable credits and overpayment credit carryover from 2 4 1 5 2 Additions including additions for related member transactions 2 2 Additions to federal adjusted gross income 2 2 Additions to federal adjusted gross income 2 2 Annualization factor 2 2 Cumulative tax withheld and refundable pass through entity credit: 2 For the previous taxable year W s married filing separately tax liability was $1 000 and H s married filing separately tax liability was 2 Small business investor income deduction add back Earned income 2 W s tax (married filing separately) for the current taxable year after credits: $10 000 2/28/13 20 Annualized Ohio income tax (line 15 minus lines 16 17 18 and 19) 20 Applicable percentage 20 20 Enter here and in the respective columns on page 3 line 1 the 20 Line 18 times line 19 20 2012 (do not include estimated tax payments on this line) 1 Note: For Ohio form IT 1140 there are no 2013 Ohio Form IT/SD 2210 2013 Ohio Form IT/SD 2210 2013 Ohio Form IT/SD 2210 2013 Ohio Form IT/SD 2210 2013 Ohio Form IT/SD 2210 Interest Penalty on 21 Deannualization factor 21 21 Deannualized adjustment for fi rst $500 21 21 Line 19 times line 20 21 22 5% 45% 67 5% 22 5% 45% 67 5% 22 5% 45% 67 5% 90% 22 Deannualized adjustment for fi rst $500 22 22 For columns A through C multiply line 20 by line 21 For column D 22 Line 20 minus line 21 If line 21 is more than line 20 enter 0 22 23 Amount from page 2 line 1 (enter the same amount in all four 23 Enter in columns A B C and D respectively 25% 50% 75% and 23 Line 21 minus line 22 If line 22 is more than line 21 enter 0 23 24 Applicable percentage 24 24 Enter here and in the respective columns on page 3 line 1 the 24 Enter in columns A B C and D respectively 25% 50% 75% and 25 Enter here and in the respective columns on page 3 line 1 the 25 Line 23 times line 24 25 25% 50% 75% 100% 25% 50% 75% 100% 25% 50% 75% 100% 25% 50% 75% 100% 26 Deannualized adjustment for fi rst $500 26 27 Line 25 minus line 26 If line 26 is more than line 25 enter 0 27 28 Enter in columns A B C and D respectively 25% 50% 75% and 29 Enter here and in the respective columns on page 3 line 1 the 3 Annualized Ohio taxable income (estates) or annualized modified 3 Annualized Ohio taxable income (line 1 amount times line 2 factor) 3 3 Annualized total traditional tax base school district income (line 1 3 below 3 Cumulative estimated tax paid by the dates shown at the top of 3 Deductions 3 3 Deductions from federal adjusted gross income 3 3 Line 1 minus the amount on line 2 (if less than zero enter 0 ) 3 3 line 6 for the 4/15/13 due date is $1 000 Also assume that the 3 line 7 and then compute the interest penalty (page 3 line 8 3 W files timely but prior to H who also files timely W claims estimated tax payment of $10 000; W owes no tax H claims estimated tax 3 W s tax (married filing separately) for the current taxable year after credits: $17 000 3/31/13 3/31/13 3/31/13 4 2 1 33 4 2 4 1 5 4 2 4 1 5 4 Adjusted distributive shares for each period: each column s line 1 4 Annualized tax on annualized Ohio taxable income (estates) or 4 Income to be allocated and apportioned for each period: each 4 Multiply line 1 by 90% ( 90) 4 4 Ohio adjusted gross income for each period: each column s line 1 4 Overpayment credit carryover from 2012 and other refundable credits 4 Part year resident adjustment (see line 20 instructions for Ohio form 4 Tax decimal rate for the school district (see Ohio form SD 100E) 4 4 W s married filing separately tax return claims the entire $16 000 of married filing jointly estimated tax payments W timely pays $1 000 4/15/13 25% 4/15/13 to 5/15/13 = 30 days 4/30/13 4/30/13 and 7/31/13 for columns B and C do not reflect quarterly ending dates Include a copy of (i) the IRS annual income tax worksheet 45% 67 5% 5 2012 Ohio income tax after all nonrefundable credits (from 2012 Ohio forms IT 1040EZ line 12; 5 421% 5 421% 5 421% 5 Add lines 2 3 and 4 5 5 Annualization factor 5 5 Annualization factor 5 5 Annualized tax on annualized school district taxable income for 5 Nonrefundable credits for each period 5 5 School district taxable income for each period (line 3 minus line 4) 5/31/13 5/31/13 5/31/13 and 8/31/13 for columns B and C do not reflect quarterly ending dates Include a copy of (i) the IRS annual income tax worksheet 5/31/13 and 8/31/13 for columns B and C do not reflect quarterly ending dates Include a copy of (i) the IRS annual income tax worksheet 5747 09 interest penalty spouses who remit married fi ling jointly 6 3 1 7 1 1 6 Annualization factor 6 6 Annualized adjusted distributive shares (line 4 times line 5 factor) 6 6 Annualized income to be allocated and apportioned (line 4 times 6 Annualized Ohio adjusted gross income (line 4 times line 5 factor) 6 6 Deannualization factor 6 6 for the 4/15/13 due date is $1 000 Also assume that the taxpayer 6 Line 4 minus line 5 (if less than 0 enter 0 ) 6 6 Underpayment subject to interest penalty (line 1 minus line 5) If line 5 6/17/13 = 33 days 6/17/13 50% 6/30/13 7 Annualized school district taxable income (line 5 times line 6 factor) 7 7 Apportionment ratio for each period (see instructions for Ohio 7 Deannualization factor 7 7 Exemption deduction 7 7 Less: Annualized allocable income everywhere (attach explanation 7 Multiply line 5 by the line 6 factor 7 7 Ratio (if full or partial payment was made late see page 14) 7 7 Statutory amount 7 7/31/13 8 Amount from page 2 line 1 (enter the same amount in all four 8 Annualized apportionable income (line 6 minus line 7) If line 7 is 8 Annualized Ohio qualifying amount (line 6 times line 7 ratio) 8 8 Annualized Ohio taxable income (line 6 minus line 7) If line 7 is 8 Interest penalty for the period: Multiply the underpayment on line 6 by 8 Line 6 minus line 7 8 8 Multiply line 6 by the line 7 factor 8 8 Tax decimal rate for the school district (see the 2013 Ohio SD 100 8/31/13 8/31/13 9 Amount from page 2 line 1 (enter the same amount in all four 9 Applicable percentage 9 9 Apportionment ratio for each period (see instructions for Ohio form 9 Gross annualized tax on annualized Ohio qualifying amount for 9 Gross tax on annualized Ohio taxable income for each period (from 9 Gross tax on annualized school district taxable income for each 9 Required annual payment Enter the smallest of lines 4 5 or 8 Please continue to page 3 line 1 9 9 Total interest penalty due Add line 8 columns A through D Enter the 9/16/13 75% 9/30/13 accordingly to reflect the post April 15 2013 date of payment(s) giving rise to the overpayment credit carryover Also see page 14 for a Additional line if necessary for name of pass through entity trust or estate Administrative Code Rule 5703 7 05 which addresses the Amount shown on line 1 above 6 amounts in all four columns Do not show on this line any amounts AnalysisAccording to the information release for purposes of determining tax due and refunds the Ohio Department of Taxation will allocate and (ii) increased by transfers if any to Ohio form IT 4708 Note: For and (ii) this Ohio annualized income tax worksheet and (ii) this Ohio annualized income tax worksheet and (ii) this Ohio annualized income tax worksheet and 100% of the amount shown on page 2 line 5 19 and 90% of the taxpayer s school district income tax liability for and after the partial payment as follows: and does not apply for purposes of computing interest penalty if any and supporting schedules; all income is presumed to be business Annualized Income Worksheet for Ohio Form IT 1040 Filers Long Method Annualized Income Worksheet for Ohio Form IT 1040EZ Filers Long Method Annualized Income Worksheet for Ohio Form IT 1041 Filers Long Method Annualized Income Worksheet for Ohio Form IT 1140 Filers Long Method Annualized Income Worksheet for Ohio Form IT 4708 Filers Long Method Annualized Income Worksheet for Ohio Form SD 100 Filers Long Method Annualized Income Worksheet for Ohio Form SD 100E Filers Long Method apply married filing jointly estimated income tax payments when apply to an estate modify this form accordingly and include with appropriate link to retrieve the companion worksheet if you annualize April 15 $ 2 500 $ 1 500 April 15 $ 250 $ 3 750 April 15 $ 4 000 $ 0 April 15 $4 000 assume that the taxpayer made no estimated payment during the be April 15 of the year immediately following the taxable year) be Jan 15 of the calendar year immediately following the taxable be paid to the state on the first day of the taxable year So on this form you can claim this credit on line 4 only on and after the date of Because we require you to provide us with a Social Security number the Federal Privacy Act of before the 15th day of the fourth month following the close of the booklet) 8 business credits (Ohio Schedules C D and E) 16 By allocating the married filing jointly estimated tax payments in the manner shown above neither W nor H will owe any interest penalty by credits and withholdings then the Ohio Department of Taxation Check here if you engage in farming or fishing activities and see Note 2 on page 11 circumstances applies: column A page 3 (ii) enter $3 55 on page 3 line 8 column A and column A) for the period 4/15/13 through 5/15/13 by multiplying column D enter the amount from page 2 line 4 13 column D enter the amount from page 2 line 4 18 column on this page IT 1140 filers: Enter zero in all four columns column s line 1 plus line 2 minus line 3 If less than zero enter 0 4 columns 19 columns A B and C Complete column D on page 3 to determine if columns A B and C on page 3 but print Option 2 on line 8 across columns) 14 columns) 18 columns) 23 columns) 8 columns) 9 combined refundable credits and (iii) combined overpayment complete Section 2 below IT 4708 Worksheet computing the ratio is: ratio = interest rate X numbers of days the credit carryovers from 2012 is equal to or greater than the sum credit carryovers from year 2012 is $500 or less credits other than last year s tax overpayment credited to this cumulative modified Ohio taxable income (trusts) for each period current year (2013 Ohio form IT 1040 line 17 or IT 1040EZ date becomes the first business day immediately following such Date Paid Amount Allocated to W Amount Allocated to H Date Paid Amount Allocated to W Amount Allocated to H discussion about late or partial payments district income tax and then determine if any of the following three district income tax return and pay all remaining tax due on or Documentation should include page 1 of the taxpayer s federal documentation with their Ohio income tax return (form IT 1040 due date due date and apply only if the taxpayer either (i) never made the due date at the top of each column to the following payment due Individuals and estates subject to school district income tax should see Note 1 on page 11 due So for purposes of computing the Ohio Revised Code section each column on this page (see Note 3 on page 11) For IT 1140 each period (to compute the tax please see page 2 line 10 of each period Multiply the amount on line 3 above by the decimal Each taxpayer recognized the income equally over the current taxable year (so the annualization method is not applicable) Each taxpayer recognized the income equally over the year (so the annualization method is not applicable) earned income only school district enter on this line your cumulative enter the amount from page 2 line 4 13 enter the amount from page 2 line 4 17 enter the amount from page 2 line 4 22 estimated income tax payments taxes equal to the current amount of the historic structure rehabilitation credit shall be considered to estimated payment after the payment due date but before the next estimated payment or (ii) made full payment on or after the next estimated tax payments but who fi le married filing separately income Example 1 for Note 3 on Page 11 Example 1 No payment made Assume that the underpayment Example 2 for Note 3 on Page 11 Example 2 Full payment made after the due date but before Example 3 Partial payment made after the due date but beforethe next due date Assume that the underpayment shown on page extension of time to file the federal income tax return Note that Facts Federal employer I D number Social Security no of decedent (estates) Federal Privacy Act Notice filers the estimated tax paid should be (i) reduced by transfers follow the fi rst to file rule set forth in the information release following the close of the taxpayer s taxable year (for calendar following the taxable year) If this date falls on a Saturday Sunday for each taxpayer for whom at least two thirds of gross income is for purposes of determining either additional tax due or a tax refund for that period: for the immediately preceding year (2012 Ohio form SD 100 form 2210 form IT 1140 there are no taxes withheld by others and no refundable form IT 1140) 7 form IT/SD 2210 form IT/SD 2210 page 1 and print Option 1 Also enter 0 on the from farming and fishing as those terms are defined under U S from the 2013 tax return Except for Notes 2 and 3 below enter these H s tax (married filing separately) for the current taxable year after credits: $3 000 H s tax (married filing separately) for the current taxable year after credits: $6 600 However for purposes of determining interest penalty due W and H may allocate in any manner the married filing jointly estimated if any to Ohio form IT 4708 and (ii) increased by transfers if any to If less than zero enter 0 20 If less than zero enter 0 5 If line 14 is more than line 13 enter 0 15 If the answer is no continue to line 4 If the answer is no continue to line 5 If the answer is no continue to line 6 If the answer is yes STOP You have no interest penalty If the answer is yes STOP; you have no interest penalty If the taxpayer qualifies for and chooses Option 1 enter 0 on Ohio If the taxpayer qualifies for and chooses Option 2 do not complete If this date falls on a Saturday Sunday or holiday then the due If this note applies to you modify this form accordingly and include If you are required to fi le Schedule IT S you must use line 31c or 31d on the schedule everywhere you are directed to use federal AGI for ignore the ratio on page 3 line 7 and would compute the line 8 imposition of interest and penalties (and safe harbors to avoid in each column on this page However if you choose to annualize In this example W s tax before application of estimated tax payments is greater than the allocated amounts So for purposes of determining Include with your 2013 income tax return (see listing below) income tax return if the taxpayer has received from the IRS an Income Tax Table 1 or 2 of the 2013 Ohio IT 1040 booklet) 9 income tax worksheet and (ii) this Ohio annualized income tax worksheet income) 11 income) 7 Indicate below which Ohio income tax return you are filing in conjunction with this form (check only one appropriate box) and click the individual income tax return and the yearly school district income Interest penalty = $1 000 X 005178 = $5 18 to line 8 column A Interest penalty = underpayment X interest rate X number of days Interest penalty = underpayment X interest rate X number of days Interest penalty for 4/15/13 to 5/15/13 = $1 000 X 03 X 30/365 = Interest penalty for 5/15/13 to 6/17/13 = $400 X 03 X 33/365* = interest penalty line on both Ohio form IT 1040 and form SD 100 interest penalty on the underpayment for the periods both before interest rate (3% for 2013 and 3% for 2014) and the time during is greater than line 1 enter 0 6 Is line 2 greater than or equal to the amount on line 4? Is line 2 greater than or equal to the amount on line 5? Is line 3 less than or equal to $500? Yes No is the amounts in columns B C and D include amounts for all previous periods in the taxable year Include a copy of (i) the IRS annual issuance of the credit certificate For application periods beginning July 1 2011 taxes equal to the current amount of the historic structure IT 1040 line 15; IT 1040X line 14 as amended; SD 100 line 6; SD 100X line 6 as amended; IT 1040 line 17; IT 1040X line 16 as amended; SD 100 line 4; SD 100X line 6 as amended; IT 1040EZ or IT 1040 Individual Income Tax Return complete Section 1 below IT 1040EZ Worksheet or IT 1040 Worksheet IT 1040X Amended Individual Income Tax Return complete Section 1 below IT 1040 Worksheet IT 1041 IT 1140 or IT 4708 9 IT 1041 or amended IT 1041 Fiduciary Income Tax Return complete Section 2 below IT 1041 Worksheet IT 1140 or amended IT 1140 Pass Through Entity and Trust Withholding Tax Return complete Section 2 below IT 1140 Worksheet IT 4708 or amended IT 4708 Composite Income Tax Return for Pass Through Entity Investors Other Than C Corporations IT 4708) 9 IT S from column C or D Schedule IT S can be found on the department s Web site at tax ohio gov IT/SD 2210 IT/SD 2210 Long IT/SD 2210 Long IT/SD 2210 Long IT/SD 2210 Long IT/SD 2210 Long IT/SD 2210 Long IT/SD 2210 Long Jan 1 2014 enter the $50 senior citizen credit in the column(s) for Jan 15 $ 0 $ 4 000 Jan 15 $ 2 500 $ 1 500 Jan 15 $ 250 $ 3 750 Jan 15 $ 4 000 $ 0 Jan 15 $4 000 jointly estimated tax payments jointly estimated tax payments exceeds the amount of tax reduced jointly estimated tax payments If the amount of such married filing July 1 2009 and July 1 2010 the portion of division (B) of Ohio Revised Code section 5747 76 which states that for purposes of making June 17 $ 2 500 $ 1 500 June 17 $ 250 $ 3 750 June 17 $ 4 000 $ 0 June 17 $4 000 late/365 * See Example 2 below and Example 3 at right late/365* line 10) If less than zero enter 0 11 line 12) and (ii) the taxpayer s school district income tax liability line 14) and (ii) the taxpayer s school district income tax liability line 5 factor) 6 line 7) line 8 interest penalty using the following formula: Long method made after April 15 2013 then you cannot indicate in column A the entire amount of the overpayment Rather you must adjust this line March 2006 discusses how the Ohio Department of Taxation will may choose either of the following two options instead of making more than line 6 enter 0 8 more than line 6 enter 0 8 Multiply this amount by the percentage shown at the top of each Name of pass through entity trust or estate Note 1 (for pages 2 and 3): Some individuals may avoid the interest Note 1: Payment due dates these dates and the rates on line 7 are for calendar year taxpayers So fiscal year taxpayers must adjust Note 2 (for pages 2 and 3): Special Rule for Farmers andFishermen Note 2: Line 4 If the overpayment credit carryover from 2012 is attributable in whole or in part to year 2012 tax payments that you Note 3 (for page 3 line 3): Information release #IT 2006 01 issued Note 3: Line 4 Section 3 of Amended Substitute House Bill 554 127th General Assembly repeals for the application periods beginning Note 4 for Page 3 Line 7 Note that the Ohio Department of Taxation allocates to the first to file married filing separately taxpayer all married filing jointly estimated Note: If the taxpayer made a full or a partial payment of the required Note: If you annualize for one period you must annualize for all periods The time periods listed in each column are cumulative Note: If you annualize for one period you must annualize for all periods The time periods listed in each column are cumulative Note: If you annualize for one period you must annualize for all periods The time periods listed in each column are cumulative Note: If you annualize for one period you must annualize for all periods The time periods listed in each column are cumulative That Notes for Part I and Part II of (i) the taxpayer s state income tax liability for the immediately of 90% of the taxpayer s state income tax liability for the current of this form Follow the same procedures with respect to Ohio form Ohio Administrative Code Rule 5703 7 04 provides two options Ohio form IT Ohio form IT 1040 the amount shown on page 3 line 9 column D Ohio form IT 1140 For Ohio form IT 4708 filers the estimated tax Ohio form IT 1140) 9 Ohio forms IT 1040EZ IT 1040 IT 1040X SD 100 SD 100X SD 100E Ohio forms IT 1041 and SD 100E a copy of the modifed Ohio form Ohio Revised Code sections 5703 05 5703 057 and 5747 08 authorize us to request this information Ohio taxable income (trusts) for each period 1 Ohio taxable income (trusts): Line 1 amount times line 2 factor 3 on line 8 9 on pages 4 10) you must also include (i) the completed worksheet and (ii) the annualized income tax worksheet you prepared for IRS on the $400 underpayment ($1 000 minus $600) for the 33 day only taxpayers must leave this line blank 2 Option 1 Make no payments of estimated tax but file the yearly Option 2 Pay all estimated tax (90% of the current taxable or holiday then the payment of tax and the filing of the income or IT 1040EZ) verifying their farming and/or fi shing activities or leave this line blank 2 paid should be (i) reduced by transfers if any to Ohio form IT 1140 paid this full amount on 5/15/13 The taxpayer should ignore the Part I Calculating the Required Annual Payment Long Method Part II Calculating the Interest Penalty Due Long Method payment date ignore the ratio on page 3 line 7 and calculate the payment due date payment due date If the taxpayer made a partial payment after Payment Due Dates payment is late/365 * The listed ratios are computed from the payment payments payments of $6 000; H owes (and timely pays) $600 tax penalties) for taxpayers who fail to pay all taxes due by the penalty for the period 4/15/13 through 6/17/13 by multiplying the penalty if they combine their state income tax with their school period 4/15/13 through 6/17/13 The taxpayer will compute interest period from 5/15/13 to 6/17/13: period Multiply the amount on line 7 above by the decimal rate Please include pages 1 2 and 3 when you file your Ohio income tax return If you use the annualized income method (see worksheets plus line 2 minus line 3 If less than zero enter 0 4 plus line 2 minus line 3 If less than zero enter 0 4 plus line 2) 3 preceding year (2012 Ohio form IT 1040 line 15 or IT 1040EZ purposes of compiling your income tax and school district income tax returns as well as any supporting schedules Further everywhere rate on line 4 5 Ratio = 03 X 30/365 = 00247 Ratio = interest rate X number of days late/365* ratio on line 7 and compute the rate for the late payment as follows: rehabilitation credit shall be considered to be paid on the first day of the taxable year required estimated payment after the due date but before the next result here on page 1 of this form and on the interest penalty line on return and the federal Schedule E and/or Schedule F returns As a general rule the Ohio Department of Taxation will credit Rev 1/14 Rev 1/14 Rev 1/14 school district taxable earned income for each period 1 SD 100 or SD 100E SD 100 School District Income Tax Return complete Section 1 below SD 100 Worksheet SD 100) Earned income only taxpayers must leave this line blank 4 SD 100E line 3; IT 1041 line 11; IT 1140 line 1 the sum of both columns; IT 4708 line 12) 1 SD 100E line 3; IT 1041 line 11; IT 1140 line 1 the sum of both columns; IT 4708 line 12) 5 SD 100E or amended SD 100E School District Income Tax Return (for estates) complete Section 2 below SD 100E Worksheet SD 100X Amended School District Income Tax Return complete Section 1 below SD 100 Worksheet SD 2210 (on the total interest penalty due line) and on line 18 of Section 1 Section 2 See Example 1 and Example 2 on page 12 separately taxpayer the department will then allocate to the second to fi le married filing separately taxpayer the excess married filing Sept 16 $ 2 000 $ 2 000 Sept 16 $ 2 500 $ 1 500 Sept 16 $ 250 $ 3 750 Sept 16 $ 4 000 $ 0 Sept 16 $4 000 show $2 47 (include detailed calculations) shown on line 2 above (see Notes 2 and 3 below) 4 shown on line 7 column A: shown on page 3 line 6 for the 4/15/13 due date is $1 000 Also shown to be the balance due H s married filing separately return claims none of the married filing jointly estimated tax payments H since each taxpayer will be deemed to have timely paid sufficient estimated tax (at least 100% of the tax for the previous taxable year) since each taxpayer will be deemed to have timely paid sufficient estimated tax (at least 90% of the tax for the current taxable year) smallest of lines 13 18 or 19 20 smallest of lines 17 22 or 23 24 smallest of lines 18 23 or 24 25 smallest of lines 22 27 or 28 29 smallest of lines 7 12 or 13 14 smallest of lines 8 13 or 14 15 Spouse s first name (only if married fi ling jointly) M I Last name Step 1 Determine the number of days from the date the payment Step 2 Calculate the ratio by using the following formula: Step 2 Using the following formula calculate the interest penalty Step 3 Determine the number of days from the payment date Step 4 Using the following formula calculate the interest penalty Step 5 Add the amounts determined in Steps 2 and 4: $2 47 + supporting schedules; all income is presumed to be business tax payments As such to avoid interest penalty W and H may allocate the married filing jointly payments as follows: tax payments If after such allocation the married filing jointly estimated tax payments exceed the tax due by the first to file married filing tax return and pay all tax due by the first day of the third month tax return are due on the first business day immediately following tax returns may allocate in any manner those estimated payments tax) by the 15th day of the first month following the close of the taxes withheld by others and no refundable credits other than last year s tax overpayment credited to taxpayer is a farmer taxpayer paid $600 of this amount on 5/15/13 The taxpayer would Taxpayer s fi rst name M I Last name Taxpayer s name Taxpayer s name Taxpayer s SSN or FEIN Rev 1/14 Taxpayer s name Taxpayer s SSN or FEIN Rev 1/14 Taxpayer s name Taxpayer s SSN or FEIN Rev 1/14 Taxpayer s name Taxpayer s SSN or FEIN Rev 1/14 Taxpayer s Social Security no (required) Spouse s Social Security no (only if married fi ling jointly) Taxpayer s SSN or FEIN Rev 1/14 taxpayer s taxable year (for calendar year taxpayers this would Taxpayers that choose either of these options should include That is for purposes of completing this form the spouses need not That is the amounts in columns B C and D include amounts for all previous periods in the taxable year Note that the ending dates of That is the amounts in columns B C and D include amounts for all previous periods in the taxable year Note that the ending dates of That is the amounts in columns B C and D include amounts for all previous periods in the taxable year Note that the ending dates of The above provisions also apply to estates If these provisions the current year (2013 Ohio form SD 100 line 4) The dates below are for calendar year taxpayers So fi scal year filers must adjust the dates below accordingly The dates below are for calendar year taxpayers So fi scal year filers must adjust the dates below accordingly the due date but before the next payment due date see Example The fi rst to file rule discussed in the information release applies only the filing of the Ohio income tax return and the school district the first day of the third month following the close of the taxable the four estimated income tax payments: the last line on pages 4 5 6 7 8 9 or 10 1 The listed ratios on page 3 line 7 are based upon the statutory the next due date Assume that the underpayment on page 3 line the payment due dates and the line 7 ratios accordingly the payments as follows: the period(s) in which you (or your spouse) were 65 or older 10 the respective ratio on line 7 8 the spouses subsequently fi le married filing separately income tax The sum of (i) the taxpayer s combined withholdings (ii) the tax due or a refund due H the second to fi le married filing separately taxpayer cannot claim any portion of the estimated tax The taxpayer would enter the recomputed ratio ( 00247) on page the underpayment by the recomputed ratio Line 8 column A would there is any interest penalty due Enter on page 1 of Ohio form IT/ there is no extension of time to pay the taxes due See Ohio This method applies only if the taxpayer made full payment of the this year 2 through D the amounts from columns A through D respectively on timely pays the $3 000 shown to be the balance due W timely files before H who also timely files to the first spouse to file the entire amount of such married filing to year 2012 Ohio income tax that you paid after April 15 2013 Total $ 1 000 $15 000 Total $10 000 $ 6 000 Total $16 000 $ 0 Total interest penalty due (from page 3 line 9) Treasury regulation sections 1 6073 1(b)(2) and (3) Such taxpayers Under this second option the taxpayer has the election to extend Underpayment of Ohio or School District Income Tax Long Method underpayment shown on line 6 column A by the ratio ( 005178) unextended due date Use this form to calculate interest penalty on underpayment of taxes and to show the exceptions where no interest penalty is Use UPPERCASE letters was due (4/15/13) to the date the payment was made (5/15/13): We need your Social Security number in order to administer this tax When mailing Ohio form IT 1040 SD 100 or SD 100E include page which the estimated payment was late The general formula for will credit the excess to the second spouse to file with Ohio forms IT 1040 and SD 100 a copy of the modifi ed Ohio withholdings refundable credits and combined overpayment year (2013 Ohio form IT 1040 line 17 or IT 1040EZ line 14) year 3 year s tax or 100% of the immediately preceding taxable year s year taxpayers this would be March 1 of the year immediately year) and file the annual individual income tax return and school Yes No you are directed to use a line item on page 1 of the federal return in these instructions use the corresponding line item on the Schedule your income check the box and enter on this line in columns A zero enter 0 16