Instructions For Form Il-2210 Draft - 2013 (Page 2 of 4) in pdf

Line 9a - For each quarter, write the date that corresponds with the

Penalty Worksheet 1

15th day of the 4th, 6th, and 9th month of your tax year and the 15th

Late-payment penalty for

day of the first month following the end of your tax year. If this date

falls on a weekend or holiday, use the next business day.

underpayment of estimated tax

Line 9b – Write the amount of your required installment for each due

If the amount on Line 13 is positive (greater than zero) for any

date shown. For most taxpayers, this is the amount shown on Line 8.

quarter, you may owe a late-payment penalty for underpayment of

However, if you annualize your income, you must complete Step 6 to

estimated tax. Use this worksheet to figure the penalty for any unpaid

determine the amount of your required installment for each due date.

quarter.

For taxpayers who annualize, this is the amount shown on Step 6,

Line 53.

If you paid the required amount from Line 13 by the due

date in Step 2, Line 9a for each quarter, do not complete Penalty

Annualized income installment method: If your income

Worksheet 1.

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

lower or eliminate the amount of your required installments by using

Line 21 – Follow the instructions below for each column.

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

Column B - Write in Quarters 1 through 4, the installment due date

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

for each quarter from Step 2, Line 9a.

installments.

Column C - Write the amounts from Step 2, Line 13, on the first line

Line 10a – Quarter 1: Write the amount of any overpayment carried

of Column C for each quarter.

forward from your prior year Form IL-1040.

Column D – Apply the payment with the earliest date from Line 20 to

If your prior year return was filed after the extended due date,

the first unpaid quarter. Complete Columns E through I.

the amount you requested as credit to this year’s estimated tax was

Continue applying payments in date order until all unpaid amounts

refunded to you. If you returned the refund check uncashed and

in Column C have been satisfied (Column E is zero or has an

requested it to be credited as a payment, it was credited on the date

overpayment for all unpaid quarters), or you have no more payments

we issued the refund check. If any of this overpayment was credited

to apply. See the example on Page 4.

after the original due date, you must enter the overpayment on Line 20

Draft

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

instead of this line.

amount in Column C.

Line 10b – Quarters 1 through 4: Write one-fourth of the total tax

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

withheld (or the actual tax withheld from your wages for each quarter).

positive (unpaid) amount on the next line in Column C. Continue

applying payments in date order until Column E is an overpayment,

We consider you to have paid Illinois tax withheld evenly over

zero, or you have written “0” in Column D.

the entire year unless you send us copies of pay stubs or a letter from

If the result is negative or zero, you have paid this quarter. Write the

your employer that states the amounts actually withheld during each

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

quarter. To figure even payments of tax withheld, divide the total amount

11/20/13

through I. Apply any negative (overpayment) amount in Column E to

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

the next underpaid quarter.

you and your spouse.

Line 10c – Quarters 1 through 4: Write the amount of pass-through

If this amount is negative in the fourth quarter, and the

payment date in Column F is after the original due date of the

entity payments made on your behalf and shown on Schedule K-1-P,

Partner’s or Shareholder’s Share of Income, Deductions, Credits, and

return, apply this overpayment to any unpaid tax shown on Penalty

Recapture, or K-1-T, Beneficiary’s Share of Income and Deductions.

Worksheet 2, Line 23 when figuring your late payment penalty for

Do Not File

unpaid tax. See the instructions for Penalty Worksheet 2, Column D.

Write the entire amount in the quarter in which the pass-through

entity’s tax year ended.

If you wrote “0” in Column D, write the amount from Column C here,

and complete Columns F through I.

Lines 10d and 11 – Follow the instructions on the form.

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

Lines 12 and 13 – Complete Lines 12 and 13 of each quarter before

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

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

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

Step 3: Figure your unpaid tax

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

of days the payment was late.

Lines 14 through 18 – Follow the instructions on the form.

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

Line 19 – Subtract Line 18 from Line 17. If the amount is

days you wrote in Column G. See the penalty rates on Form IL-2210,

positive, write the amount here. You owe a late-payment penalty

Page 2. If Column D is “0,” write 10 percent (.10) here.

for unpaid tax. Write this amount in Penalty Worksheet 2, Line 23,

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

Column C and continue to Step 4.

Column C or Column D.

zero or negative, write the amount here. If the result is negative use

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

brackets. Continue to Step 4 and complete Penalty Worksheet 1.

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

Step 4: Figure your late-payment penalty

Otherwise, multiply the payment amount in Column D by the penalty

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

rate in Column H. Write the amount here.

underpayment of estimated tax. Use Penalty Worksheet 2 to figure

Line 22 – Add Column I, Quarters 1 through 4. This is your

your late-payment penalty for unpaid tax.

late-payment penalty for underpayment of estimated tax. Write the

You must follow the instructions to properly complete the

amount here and on your Form IL-1040, Line 32.

penalty worksheets.

Penalty Worksheet 2

Line 20 – Write your payments, regardless of the type of payment,

Late-payment penalty for unpaid tax

and the date you made the payment. List the payments in date order.

Do not include tax credits, pass-through entity payments made on

Line 23– Follow the instructions below for each column.

your behalf, or withholding.

Column B – Write the original due date of your return.

Column C – Write any positive amount from Line 19 on the first line of

Column C.

Page 2 of 4

IL-2210 Instructions (R-12/13)

Instructions For Form Il-2210 Draft - 2013 Page 2

Related Articles

Related forms

Related Categories