Form 500 Uet - Underpayment Of Estimated Tax By Individuals/fiduciary - Department Of Revenue - Income Tax Division - Georgia
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1500 UET
GEORGIA
__________
Department of Revenue
UNDERPAYMENT OF ESTIMATED TAX BY INDIVIDUALS / FIDUCIARY
Income Tax Division
YEAR
(Attach this form to Form 500 or 501)
Rev. 8/01
NAME(S) AS SHOWN ON FORM 500 / 501
SOCIAL SECURITY OR I.D. NUMBER
HOW TO FIGURE YOUR UNDERPAYMENT
(Complete Lines 1 through 4)
If you meet any of the exceptions, which avoid the underpayment for all quarters, go directly to Line 10
1. Tax (from Form 500 Line 16 or Form 501 Line 8)
2. Other credits
3. Balance (Line 1 less Line 2)
4. Enter 70% of the amount shown on Line 3
DUE DATE OF INSTALLMENTS
April 15, 20___
June 15, 20___
Sept. 15, 20___
Jan. 15, 20___
5. Divide amount on Line 4 by the number of
installments required for the year
(see Instruction
, enter the results in appropriate columns ........
B)
6. Amounts paid on estimate for each period and
tax withheld ........................................................
7. Overpayment of previous installment
..................................................
(See Instruction E)
8. Total (Add Lines 6 and 7) ...................................
9. Underpayment (Line 5 less Line 8) or
Overpayment (Line 8 less Line 5) ....................
EXCEPTIONS WHICH AVOID THE PENALTY
(See Instruction D)
(Farmers and fishermen see Instruction G for special exception)
10. Total amount paid and withheld from January 1,
through the installment date indicated .............
11. Exception 1. —Prior Years Tax $ ___________
12. Exception 2. —Tax on prior years income using
current year rates and exemptions ..................
13. Exception 3. —Tax on annualized current year
Not
income ..............................................................
14. Exception 4. —Tax on current year’s income
Applicable
over 3, 5, 8, month periods ...............................
HOW TO FIGURE THE PENALTY
(Complete Lines 15 through 19 for installments not avoided by an exception)
15. Amount of underpayment (from Line 9) ............
16. Date of payment or April 15, 20_____whichever is
earlier (See Instruction F) .................................
17. Number of days from due date of installment
to date shown on Line 16 ..................................
18. Penalty
(9 percent a year on amount shown on
Line 15 for the number of days shown on Line 17)....
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
19. Penalty
) show this
(Add amounts on Line 18
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
amount in the space provided on Form 500 / 501
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7
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