Form Ri-2210c - Underpayment Of Estimated Tax By Composite Filers - 2009
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1
2RI-2210C
2009
UNDERPAYMENT OF ESTIMATED TAX BY COMPOSITE FILERS
Name shown on Form RI-1040C
Federal Identification Number
PART 1
REQUIRED ANNUAL PAYMENT
2009
1.
Enter the entity’s
RI income tax from RI-1040C, line 15..........................................................................................................
1.
2.
Enter 80% of the amount shown on line 1.............................................................................................
2.
2009
3.
3.
RI withholding taxes paid for
from RI-1040C, lines 17 and 18.................................................................................................
4.
Subtract line 3 from line 1 -
(If the result is $250.00 or less, do not complete the rest of this
form.)................................................
4.
5.
2008
5.
Enter the entity’s
RI tax from RI-1040C, line 15.......................................................................................................................
6.
Enter the SMALLER of line 2 or line 5...............................................................................................................................................
6.
PART 2
SHORTCUT METHOD
You can use this method if you meet the following conditions
(Otherwise, you must complete parts 3 and 4 to figure your underestimating
interest):
1
the entity made no estimated payments OR all 4 estimated payments were equal and paid by the appropriate due dates;
2
AND the entity did not complete RI-2210C, part 5 (Annualized Income Installment Worksheet).
7.
Enter the amount from Part 1, line 6 above........................................................................................................................................
7.
8.
Enter the total withholding and estimated tax paid from RI-1040C, lines 16, 17 and 18....................................................................
8.
9.
Underpayment - subtract line 8 from line 7.........................................................................................................................................
9.
10.
Multiply line 9 by 12.0205% (0.120205)..............................................................................................................................................
10.
11.
If the amount on line 9 was paid on or after 4/15/2010, then enter $0.
If the amount on line 9 was paid before 4/15/2010, then make the following calculation:
Multiply the amount on line 9 times the number of days paid before 4/15/2010 times 0.00033 and enter the result here.......
11.
12.
UNDERESTIMATING INTEREST - subtract line 11 from line 10 - enter here and on RI-1040C, line 22.........................................
12.
PAYMENT DUE DATES
PART 3
FIGURE YOUR UNDERPAYMENT
Column A
Column B
Column C
Column D
04/15/2009
06/15/2009
09/15/2009
01/15/2010
13.
13.
Divide the amount on line 6 by four (4) and enter the results in each column..
14.
Annualized income installments from part 5, line 33 NOTE:
Complete lines
14.
15 through 17 in one column before completing the next
column.....................
15.
Enter the amount from line 13 or line 14 if applicable.......................................
15.
16.
RI tax withheld and estimated tax paid
(If line 16 is equal to or more than line
15 for all installment periods, do not complete or file this form unless you
16.
report annualized income installments on line
14).............................................
17.
UNDERPAYMENT - Subtract line 16 from line 15 OR,
17.
OVERPAYMENT - Subtract line 15 from line 16................................................
PART 4
HOW TO FIGURE THE CHARGES
Column A
Column B
Column C
Column D
04/15/2009
06/15/2009
09/15/2009
01/15/2010
18.
18.
Payment date or date listed in instructions for line 18, whichever is earlier......
/
/
/
/
/
/
/
/
Number of days from the installment date to date of payment or the due
19.
A.
19A.
date of the next installment, whichever is earlier.......................................
days
days
days
Number of days on line 19A
X
X
B.
18%
underpayment on line 17...
19B.
365
20.
A.
Number of days from January 1, 2010 to the date of payment or January 15, 2010, whichever is earlier........
20A.
days
Number of days on line 20A
X
X
B.
18%
underpayment on line 17............................................................
20B.
365
21.
A.
Number of days from January 15, 2010 to the date of payment or April 15, 2010, whichever is earlier........................................
21A.
days
Number of days on line 21A
X
X
B.
18%
underpayment on line 17.........................................................................................
21B.
365
22.
UNDERESTIMATING INTEREST - Total amount from all columns on lines 19B, 20B and 21B. Enter here and on RI-1040C, line 22.
22.
Page 1
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