Form Il-2210 Instructions - 2001 Page 4
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4Example
Penalty Peterson’s Illinois tax due is $1,875 as shown on his 2001
income tax was withheld from his pay. He figured his penalty using
Form IL-1040, Line 16. His tax due for 2000 was $2,600.
the following estimated payments:
$100 on April 15, 2001
$750 on September 13, 2001
The total amount of his credits (Form IL-1040, lines 19, 20b, 21b,
22b, and 23) for 2001 is $75. The total amount of his credits
$200 on June 15, 2001
$250 on January 19, 2002
(Lines 19, 20, 21, 22, and 23) for 2000 was $250. No Illinois
Mr. Peterson filed his return August 1, 2002, and paid $400.
Calculations
Step 3: Figure your unpaid tax
1,800
18
18
Write the amount from Column A, Line 7.
______________
19
Add your credit carried forward from the prior year, your total estimated payments made this year, and your
withholding as shown on your W-2 forms. Compare that total to either the amount written on Line 11, or, if you
1,620
annualized, the total of Line 13, Quarters 1 through 4, and write the greater amount here. See instructions.
19
______________
20
Write other payments made on or before April 15, 2002. See instructions.
20a
a Write the amount and the date of your Form IL-505-I.
______________ Date:
__ __/__ __/__ __ __ __
20b
b Write the amount and the date of any other payment.
______________ Date:
__ __/__ __/__ __ __ __
0
20
Add Lines 20a and 20b. Write the amount here.
______________
1,620
21
Add Lines 19 and 20. Write the total amount here.
21
______________
22
Subtract Line 21 from Line 18. If the amount is
• positive, write that amount here. Continue to Step 4, and write this amount in Penalty Worksheet 1, Line 24, 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 figuring your
180
22
Penalty Worksheet 2. See instructions.
_____________
Step 4: Figure your late-payment penalty
Use Penalty Worksheet 1 to figure your late-payment penalty for unpaid tax.
Use Penalty Worksheet 2 to figure your late-payment penalty for underpayment of estimated tax.
You must follow the instructions in order to properly complete the penalty worksheets.
Penalty rates
Number of days late
Penalty rate
Number of days late
Penalty rate
1 - 30 .......................... .02
91 - 180 ........................... .10
31 - 90 ......................... .05
181 or more ....................... .15
Penalty Worksheet 1 –
Late-payment penalty for unpaid tax
23
Write the amount and the date of any payment you made on or after April, 16, 2002. See instructions.
Amount
Date paid
400
0 8 0 1 2 0 0 2
23a
______________
__ __/__ __/__ __ __ __
23b
______________
__ __/__ __/__ __ __ __
24
Write the amount from Line 22 on the first line of Column C below.
A
B
C
D
E
F
G
H
I
Due
Unpaid
Payment
Balance due
Payment
Number of
Penalty rate
Period
date
amount
applied
(Col. C - Col. D)
date
days late
(See above)
Penalty
180
400
[220]
0 8 0 1 2 0 0 2
108
.10
18.00
Return 4/15/2002 ____________
____________ ____________
__ __/__ __/__ __ __ __
_______
________
____________
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
25
Add Column I. This is your late-payment penalty for unpaid tax.
180 x .10 = 18.00
18.00
25
Write the total amount here and in Step 6, Line 32.
____________
You may apply any remaining overpayment in Column E above, to any underpayment when figuring the Penalty Worksheet 2.
Penalty Worksheet 2 –
Late-payment penalty for underpayment of estimated tax
26
Write the amount and the date of each estimated income tax payment you made. See instructions.
Estimated Income Tax Payments
Amount
Date paid
Amount
Date paid
Amount
Date paid
100
0 4 1 5 2 0 0 1
750
0 9 1 3 2 0 0 1
a
c
e
______________
__ __/__ __/__ __ __ __
______________
__ __/__ __/__ __ __ __
______________
__ __/__ __/__ __ __ __
200
0 6 1 5 2 0 0 1
250
0 1 1 9 2 0 0 2
b
d
f
______________
______________
______________
__ __/__ __/__ __ __ __
__ __/__ __/__ __ __ __
__ __/__ __/__ __ __ __
27
Write the unpaid amounts from Step 2, Line 17, Quarters 1 through 4, on the first line of the appropriate quarters in Column C below.
A
B
C
D
E
F
G
H
I
Due
Unpaid
Payment
Balance due
Payment
Number of
Penalty rate
Period
date
amount
applied
(Col. C -Col. D)
date
days late
(See above)
Penalty
405
100
305
0 4 1 5 2 0 0 1
0
0
0
Qtr 1
4/16/2001 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
305
200
105
0 6 1 5 2 0 0 1
60
.05
10.00
200 x .05 = 10.00
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
105
750
[645]
0 9 1 3 2 0 0 1
150
.10
10.50
____________
____________ ____________
_______
________
____________
105 x .10 = 10.50
__ __/__ __/__ __ __ __
405
645
[240]
0 9 1 3 2 0 0 1
90
.05
20.25
405 x .05 = 20.25
Qtr 2
6/15/2001 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
405
240
165
0 9 1 3 2 0 0 1
0
0
0
Qtr 3
9/17/2001 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
165
250
[85]
0 1 1 9 2 0 0 2
124
.10
16.50
165 x .10 = 16.50
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
__ __/__ __/__ __ __ __
_______
________
____________
405
85
320
0 1 1 9 2 0 0 2
4
.02
1.70
Qtr 4
1/15/2002 ____________
____________ ____________
_______
________
____________
85 x .02 = 1.70
__ __/__ __/__ __ __ __
320
220
100
0 8 0 1 2 0 0 2
198
.15
33.00
220 x .15 = 33.00
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
100
0
100
.15
15.00
____________
____________ ____________
_______
________
____________
100 x .15 = 15.00
__ __/__ __/__ __ __ __
28
Add Column I, Quarters 1 through 4. This is your late-payment penalty for underpayment of estimated tax.
106.95
28
Write the total amount here and on your Form IL-1040, Line 27.
____________
Page 4 of 4
IL-2210 Instructions (R-12/01)
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