Form M-2210 - Underpayment Of Massachusetts Estimated Income Tax
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3Massachusetts Department of Revenue
Form M-2210
Underpayment of Massachusetts Estimated Income Tax
2016
Enclose this form with your income tax return. Please print in ink or type.
Name(s) as shown on page 1 of return
Social Security or Federal Identification number
Type of return filed (fill in one only):
Form 1
Form 1-NR/PY
Part 1. Required annual payment
11 2016 tax (from Form 1, line 28; Form 1-NR/PY, line 32; or Form 3M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
12 Total credits (from Form 1, lines 29, 30 and 40 through 42; Form 1-NR/PY, lines 33 through 35 and 45 through 47) . . . . . 2
13 Balance. Subtract line 2 from line 1. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
14 Enter 80% of line 3 or 66
% of line 3 if you are a qualified farmer or fisherman. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2
⁄
3
15 Enter 2015 tax liability after credits (from 2015 return) (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
16 Enter the smaller of line 4 or line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Part 2. Figuring your underpayment
Installment due dates
17 Divide the amount in line 6 by the number of
a. April 15, 2016
b. June 15, 2016
c. September 15, 2016 d. January 15, 2017
installments required for the year. Enter the
result in the appropriate columns . . . . . . . . . . . 7
18 Estimated taxes paid and taxes withheld for
each installment . . . . . . . . . . . . . . . . . . . . . . . . . 8
19 Overpayment of previous installment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Total. Add lines 8 and 9 . . . . . . . . . . . . . . . . . . 10
11 Overpayment. Subtract line 7 from line 10 . . . 11
12 Underpayment. Subtract line 10 from line 7 . . . 12
Part 3. Figuring your underpayment penalty
13 Enter the date you paid the amount in line 12
or the 15th day of the 4th month after the close
of the taxable year, whichever is earlier . . . . . 13
14 Number of days from the due date of installment
to the date shown in line 13. . . . . . . . . . . . . . . 14
15 Number of days in line 14 after 4/15/16 and
before 7/1/16 . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Number of days in line 14 after 6/30/16 and
before 10/1/16 . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Number of days in line 14 after 9/30/16 and
before 1/1/17 . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Number of days in line 14 after 12/31/16 and
before 4/15/17 . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Underpayment in line 12 × (number of days in
line 15 ÷ 365) × 4% . . . . . . . . . . . . . . . . . . . . . 19
20 Underpayment in line 12 × (number of days in
line 16 ÷ 365) × 4% . . . . . . . . . . . . . . . . . . . . . 20
21 Underpayment in line 12 × (number of days in
line 17 ÷ 365) × 4% . . . . . . . . . . . . . . . . . . . . . 21
22 Underpayment in line 12 × (number of days in
line 18 ÷ 365) × 5% . . . . . . . . . . . . . . . . . . . . . 22
23 Penalty. Add all amounts shown in lines 19 through 22. Enter this amount on Form 1, line 47; Form 1-NR/PY, line 52;
or Form 3M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
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