Form M-2210 - Underpayment Of Massachusetts Estimated Income Tax (Page 3 of 3) in pdf

Form M-2210 Instructions

General Information

Line-by-Line Instructions

Who should use this form. If you are an individual, or a taxpayer

Figuring your underpayment & penalty. To determine the underpay-

taxed as an individual, you should use Form M-2210 to determine if

ment amount, complete lines 1 through 12, in order of installment due

your estimated and/or withholding tax payments were sufficient. If they

dates, taking care to complete all four columns for lines 7 through 12.

were not, an underpayment penalty will be imposed, unless you qualify

Line 5

for one of the exceptions or waivers explained below.

• If you filed a return for 2015 and it was for a full 12 months, enter your

Filing estimated tax vouchers. You are required to file estimated tax

2015 tax liability after credits.

vouchers if you reasonably expect to pay more than $400 in Mass-

• If you were a resident of Massachusetts for 12 months in 2015 and

achusetts income tax on income which is not covered by withholding.

you were not liable for taxes, enter “0.”

For further information regarding estimated taxes, see the instructions

• If you did not file a return for 2015, or if your 2015 tax year was less

for Form 1-ES Payment Vouchers or the publication Should You Be

than 12 months, do not complete line 5. Instead, enter the amount

Paying Estimated Taxes?

from line 4 in line 6.

Exceptions which avoid the penalty. No underpayment pen alty will

Line 8

be imposed if:

If more than one payment is made for a given installment, attach a sep-

1. Your 2016 tax due after credits and withholding is $400 or less.

arate penalty computation for each payment.

2. You were a qualified farmer or fisherman who filed and paid in full

If you had any taxes withheld during the year, you may apply an equal

with your return by March 1, 2017. To qualify, your gross in come from

part of those taxes as payment on each required installment(s). If you

farming or fishing must be at least two-thirds of the an nual gross in-

can establish the actual dates and amounts of your withholding, you

come shown on your 2015 or 2016 return.

may consider those amounts as payments on the dates they were ac-

3. You were a resident of Massachusetts for the full 12 months of the

tually withheld.

previous taxable year and were not liable for taxes.

Line 11

4. Your 2016 estimated payments and withholding (line 8) made on or

If line 11 shows an overpayment, that overpayment may be used as

before each installment due date in the taxable year equal or exceed

payment of any existing underpayment amount. Overpayments used

the tax shown on your 2015 return divided among the four installment

as payments of prior underpayment amounts do not de crease the ac-

due dates provided that such return was for a full 12-month period.

tual underpayment amount but serve to reduce in stead the period of

underpayment subject to penalty. If there are no existing underpay-

If you qualify for an exception, do not complete lines 13 through 23. In-

ment amounts, the overpayment is applied as a credit against the next

stead, check the appropriate box on the front of this form and fill in the

installment.

“EX” oval on the back of Form 1 or Form 1-NR/PY. Enclose this form

Line 12

with your return. If you qualify for the first ex cep tion (your 2015 tax due

after credits and withholding is $400 or less) you do not need to com-

If line 12 shows an underpayment, see the General Information sec-

plete this form.

tion to determine whether you qualify for an exception to, or waiver of,

the underpayment penalty. If you do not qualify, continue on through

Waiver of underpayment penalty. A waiver of underpayment penalty

line 23 to determine your underpayment penalty.

for one or more installments may be granted if:

Part 4. Annualized income installment method. If you do not re ceive

1. Your underpayment was by reason of casualty, disaster or un usual

taxable income evenly throughout the year, you may wish to annualize

circumstance; or

your income to adjust your required installment amount(s). Enter any

2. You retired in 2015 or 2016 after reaching age 62, or you be came

adjusted installment amount in the appropriate column in line 7 and

disabled and your underpayment was due to reasonable cause and

calculate any underpayment penalty from those figures. Write “ANNU-

not willful neglect.

ALIZED” under the column in line 23.

If you qualify for the waiver, complete lines 7 through 12 for the install-

Fiscal year taxpayers. If you file on a fiscal year basis and are subject

ment(s) for which you are claiming a waiver, and write “WAIVER” in the

to an underpayment penalty, attach a separate statement to calculate

appropriate box(es) in line 13. Fill in the “EX” oval on the back of Form 1

the penalty due based on the interest rate(s) in effect for the period(s)

or Form 1-NR/PY. Enclose this form and an explanation of your reasons

of the underpayment(s).

for claiming the waiver with your return.

Form M-2210 - Underpayment Of Massachusetts Estimated Income Tax Page 3

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