Form Il-2210 Instructions Draft - 2015 (Page 3 of 4) in pdf

Step 6: Complete the annualization

Penalty Worksheet 2

worksheet for Step 2, Line 9b

Late-payment penalty for unpaid tax

Unless you made timely estimated payments, annualizing your

Line 23– Follow the instructions below for each column.

income will usually not reduce your penalty. If you complete the

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

annualization worksheet, check the box on your Form IL-1040,

Line 33c, and attach Form IL-2210 to your return.

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

Complete Lines 38 through 56 of one column before going to the

Column C.

next, beginning with Column A.

Column D – If you completed Penalty Worksheet 1 and you have a

If the IITA was amended during your tax year and changed how

negative amount (overpayment) in the 4th quarter of Column E, and

you compute your net income or credits, and the amendment does

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

not provide relief for taxpayers who computed their estimated tax

return, apply the overpayment from Line 21, Column E, as the first

obligations following the old law, use the old law to compute your

payment for Line 23, Column D, and complete Columns E through I.

net income and credits for each period ending before the date the

Continue applying unused payments from Step 4, Line 20, in date

amendment became law.

order until the unpaid amount in Column C has been satisfied

For example, if a law passed on May 30, 2015, that disallowed

(Column E is zero or an overpayment), or you have no more

certain deductions allowed under prior law, for tax years ending on

payments to apply. See the example on Page 4.

or after July 31, 2015, and you are completing this form for calendar

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

year 2015, you should compute the amounts in Columns A and B,

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

Line 38 by treating the deduction as though no law changes were

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

made. The amount in Columns C and D, Line 38 must be computed

amount in Column C.

by adding back the deduction in accordance with the new law.

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

To figure the amount on Line 49 for a period before a new act

Draft as of

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

became law, use the tax rates and credits under the old law.

completing Columns D through I. Continue doing this until Column E

For example, if a credit was repealed by law, effective June 30, 2014,

is an overpayment, zero, or you have entered “0” in Column D.

for tax years ending on or after December 31, 2014, and the credit

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

was reinstated July 30, 2015, for tax years ending on or after

December 31, 2015, you could have used the credit to reduce the tax

here and, if negative, use brackets. Complete Columns F through I.

liability on your 2014 Form IL-2210, in Columns A and B, but not for

If you have entered “0” in Column D, enter the amount from Column C

Columns C and D.

here, and complete Columns F through I.

The credit could be used again on the 2015 Form IL-2210, in

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

Columns C and D, Line 49, but not Columns A and B. The credit may

you are applying an overpayment from Penalty Worksheet 1,

not be used for the first five months of the year, because the law

Column E, enter the date that corresponds to that payment, shown

restoring the credit was not in effect as of May 31, 2015.

10/28/15

on Line 20.

Line 38 – In Columns A through C, enter the base income that you

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

would have entered on Form IL-1040, Line 9, if you completed a

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

Form IL-1040 for the first three months, the first five months, and the

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

first eight months of the tax year. In Column D, enter the amount from

of days the payment was late.

your Form IL-1040, Line 9.

Income you received through a partnership, S corporation, trust, or

Column H – Enter the penalty rate that applies to the number of days

estate is considered received on the last day of that entity’s tax year.

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

Nonresidents and part-year residents – Enter the amount in

Page 2. If Column D is “0” and you did not enter a date in Column F,

enter 10 percent (.10) here.

each column that you would have entered on Schedule NR, Step 5,

Line 46, if you completed a Schedule NR at the end of each period.

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

Lines 39 and 40 – Follow the instructions on the form.

Column C or Column D.

Line 41 – Enter the amount in each column that you would have

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

entered as your exemption allowance on Form IL-1040, Line 10, as if

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

you had completed a Form IL-1040 at the end of each period.

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

If your number of exemptions changed during the tax year, determine

rate in Column H. Enter the amount here.

the exemption allowance that you were entitled to claim at the end of

Line 24 – Add Column I. This is your late-payment penalty for unpaid

each period. Enter this amount in the appropriate column.

tax. Enter this amount here and on Step 5, Line 34.

Nonresidents and part-year residents – Prorate your exemptions

Step 5: Figure your late-filing penalty and

as follows:

the amount you owe

Illinois annualized income

Exemption allowance (Form IL-1040, Line 10)

Total annualized income

Figure your late-filing penalty

Lines 42 and 43 – Follow the instructions on the form.

Complete Lines 25 through 33 to figure your late-filing penalty only if

Line 44 – Enter the amount of compassionate use of medical

you are filing your Form IL-1040 after the extended due date of

cannabis surcharge you would have entered on Form IL-1040,

your return; and

Line 24, if you completed a Form IL-1040 for the first three months,

your tax was not paid by the original due date of your return.

the first five months, and the first eight months of the tax year. In

Unless both of these apply, you do not owe a late-filing penalty.

Column D, enter the amount from your Form IL-1040, Line 24.

Lines 25 through 33 – Follow the instructions on the form.

Lines 45 through 56 – Follow the instructions on the form.

Figure the amount you owe

Lines 34 through 36 – Follow the instructions on the form.

Line 37 – Add Lines 34 through 36. Enter the total on this line. If the

result is positive, this is the total of your tax, late-payment penalty for

unpaid tax, and your late-filing penalty. See Form IL-1040, Line 40,

instructions for your payment options.

IL-2210 Instructions (R-12/15)

Page 3 of 4

Form Il-2210 Instructions Draft - 2015 Page 3

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