Form Il-2210 Instructions - 2001 (Page 2 of 4) in pdf

Step 4: Figure your late-payment penalty

If you are annualizing your income, you must complete Step 6 to

determine the amount of required installment for each due date.

Use Penalty Worksheet 1 to figure your late-payment penalty for

unpaid tax. Use Penalty Worksheet 2 to figure your late-payment

Annualized income installment method: If your income

penalty for underpayment of estimated tax.

was not received evenly throughout the year, you may be able to

lower or eliminate the amount of your required installments by using

You must follow the instructions to properly complete

the annualized income installment method in Step 6. If you choose to

the penalty worksheets.

annualize your income in Step 6, you must use this method for all

four installments.

Penalty Worksheet 1 – Late-payment

Line 14 – Quarter 1: Write the amount of any overpayment carried

penalty for unpaid tax

forward from your 2000 Form IL-1040, plus one-fourth of the total tax

Line 23 – Write the amount and the date of any payments you made

withheld for this year (or the actual tax withheld from your wages for

on or after April 16, 2002. List the payments in date order. If you

the first quarter).

need to list more than two, write them next to Line 23a and 23b.

Quarters 2 through 4: Write one-fourth of the total tax withheld for

Line 24 – Follow the instructions on the form.

this year (or the actual tax withheld from your wages for each

quarter).

Column C – Write the amount from Line 22.

You are considered to have paid any Illinois tax withheld

Column D – Apply the payment with the earliest date from Line 23.

evenly over the entire year unless you can show otherwise. To figure

Complete Columns E through I.

even payments of tax withheld, divide the total amount withheld by

four. If you file a joint return, include the tax withheld for both you and

Continue applying payments in date order until the unpaid amount in

your spouse.

Column C has been satisfied (Column E is zero or an overpayment),

or you have no more payments to apply. See example on Page 4.

If you annualized, you must annualize your withholding as well.

When you annualize and a quarter has no income, that quarter will

If you have no more payments to apply and Column C remains

have no withholding. Write zero for withholding in that quarter.

unpaid, write “0” in Column D, and complete Columns E through I.

Line 15 – Subtract Line 14 from Line 13, and write the amount here.

Column E – Subtract the payment in Column D from the unpaid

If the amount is negative, use brackets.

amount in Column C.

Lines 16 and 17 – Complete Lines 16 and 17 of each quarter before

If the result is positive, complete Columns F through I. Write this

proceeding to the next quarter. Follow the instructions on the form.

positive (unpaid) amount on the next line in Column C, and continue

completing Columns D through I. You should continue doing this

until Column E is an overpayment, zero, or you have written “0” in

Step 3: Figure your unpaid tax

Column D.

Line 18 – Follow the instructions on the form.

If the result is negative or zero, you have paid your tax. Write the

Line 19 – Add your credit carried forward from the prior year, your

amount here and, if negative, use brackets. Complete Columns F

total estimated income tax payments made during the tax year, and

through I.

your total withholding as shown on your W-2 forms. This is your total

If you are completing Penalty Worksheet 2, you may apply

payments and credits. Compare that total amount to the amount

this negative (overpayment) amount to any underpaid quarters. See

written on Line 11 and write the greater amount here.

the instructions for Penalty Worksheet 2.

If you annualized, compare your total payments and credits (as

If you have written “0” in Column D, write the amount from Column C

identified above) to the total of Line 13, Quarters 1 through 4, and

here, and complete Columns F through I.

write the greater amount here.

Column F – Write the date the payment in Column D was made. If

Line 20a – Write the amount and the date of any Form IL-505-I

Column D is “0,” do not write a date and skip to Column H.

payment made on or before April 15, 2002.

Column G – Figure the number of days from the date in Column B to

Line 20b – Write the amount and the date of any other payment you

the date in Column F and write that number here. This is the number

made on or before April 15, 2002 ( i.e. , payment made with your

of days the payment was late.

return).

Column H – Write the penalty rate that applies to the number of

Add Lines 20a and 20b, and write the amount here.

days you wrote in Column G. See the penalty rates at the top of

Line 21 – Add Lines 19 and 20, and write the amount here.

Form IL-2210, Page 2. If Column D is “0” and you did not write a date

in Column F, write 15 percent (.15) here.

Line 22 – Subtract Line 21 from Line 18.

Column I – Figure this amount using the payment portion in either

If the amount is positive, write the amount here and in Step 4,

Column C or Column D.

Penalty Worksheet 1, Line 24, Column C. You owe a late-payment

penalty for unpaid tax. Continue to Step 4 to figure the amount of

If Column D is “0” or if Column E is “0” or an overpayment, multiply

this penalty.

the unpaid amount in Column C by penalty rate in Column H.

Otherwise, multiply the payment amount in Column D by penalty

If the amount is zero or negative, write the amount here, and if

rate in Column H. Write the amount here.

negative, use brackets. Continue to Step 4, skip Penalty Worksheet

1, and go to Penalty Worksheet 2.

Line 25 – Add Column I. This is your late-payment penalty for

unpaid tax. Write this amount here and in Step 5, Line 32.

If this amount is negative, you may apply this overpayment

if you have an underpayment when figuring your Penalty Worksheet

2. See instructions for Penalty Worksheet 2, Column D.

Page 2 of 4

IL-2210 Instructions (R-12/01)

Form Il-2210 Instructions - 2001 Page 2

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