Form Il-2210 - Computation Of Penalties For Individuals - 2008
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Illinois Department of Revenue
2008 IL-2210
Computation of Penalties for Individuals
Attach to your Form IL-1040
IL Attachment No. 19
Read this information fi rst -
For original returns only. Do not use this form if you are fi ling Form IL-1040-X, Amended
Individual Income Tax Return, after the extended due date of the return.
We encourage you to let us fi gure your penalties and send you a bill instead of completing and fi ling this form yourself.
Step 1: Provide the following information
–
–
Your name as shown on Form IL-1040.
Your Social Security number.
Note: If your prior year tax return was fi led using a different Social Security number
–
–
than the number above, write that number here.
Step 2: Figure your required installments
A
B
This year
Last year
1
1
Write the amount of your total income tax from each tax return. See instructions.
2
2
Write the amount of credits from each tax return. See instructions.
3
3
Subtract Line 2 from Line 1.
4
Write the total amount of this year’s Illinois withholding from your W-2 forms and
4
any pass-through entity payments made on your behalf.
5
5
Subtract Line 4 from Line 3.
6
6
Multiply Column A, Line 3, by 90% (.9).
7
If Line 5 is $500 or less, write “0,” and go to Step 3. Otherwise, write the
7
lesser of Column A, Line 6, or Column B, Line 3.
8
Divide the amount written on Line 7 by four. This is the amount of each required
8
installment. (If you use the annualized income installment method, see instructions.)
Quarter 1
Quarter 2
Quarter 3
Quarter 4
April 15, 2008
June 16, 2008
September 15, 2008
January 15, 2009
9
Write the required installment.
See instructions.
10
Write any credit carried forward from the
prior year and the amount withheld.
See instructions.
11
Subtract Line 10 from Line 9. If the
amount is negative, use brackets.
12
If the amount on Line 13 of the
previous quarter is negative, write
that amount as a positive here.
Skip this line for Quarter 1.
Otherwise, write “0.”
13
Subtract Line 12 from Line 11. If the
amount is negative, use bracket
Step 3: Figure your unpaid tax
14
14
Write the amount from Column A, Line 3.
15
Add your credit carried forward from the prior year, your total estimated payments made this year, your
withholding as shown on your W-2 forms, and the pass-through entity payments made on your behalf.
Compare that total to either the amount written on Line 7, or, if you annualized, the total of
15
Line 9 Quarters 1 through 4, and write the greater amount here.
16
Write other payments made on or before April 15, 2009.
a
16a
Write the amount and the date of your Form IL-505-I.
Date:
__ __/__ __/__ __ __ __
b
16b
Write the amount and the date of any other payment.
Date:
__ __/__ __/__ __ __ __
16
Add Lines 16a and 16b. Write the amount here.
17
17
Add Lines 15 and 16. Write the total amount here.
18
Subtract Line 17 from Line 14. If the amount is
positive, write that amount here. Continue to Step 4, and write this amount in Penalty Worksheet 1, Line 20, Column C.
zero or negative, write that amount here, if negative use brackets. Continue to Step 4, skip Penalty Worksheet 1,
and go to Penalty Worksheet 2. You may apply this amount to any underpayment when fi guring your
18
Penalty Worksheet 2. See instructions.
IL-2210 (R-12/08)
Page 1 of 3
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