Form Mi-2210 - Underpayment Of Estimated Income Tax
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Michigan Department of Treasury (Rev. 5-08), Page 1
Issued under authority
of P.A. 281 of 1967.
2007 MICHIGAN Underpayment of Estimated Income Tax MI-2210
Attach to Form MI-1040 or MI-1041. Round all money items to whole dollars. Type or print in blue or black ink.
Year (YYYY)
Month/Year (MM-YYYY)
1. For 2007 or taxable year beginning
and ending:
:
Attachment Sequence No. 12
2.
M.I.
Last Name
3.
Filer’s First Name
Filer’s Social Security Number (Example: 123-45-6789)
If a Joint Return, Spouse’s First Name
M.I.
Last Name
4.
Spouse’s Social Security Number (Example: 123-45-6789)
PART 1: ESTIMATED TAX REQUIRED FOR THE YEAR
00
5. Enter 2006 tax. Subtract the sum of MI-1040 lines 34, 35, 36 and 37 from line 28 (see instructions) .................
5.
00
6. Enter 2007 tax. Subtract the sum of MI-1040 lines 26, 27, 28 and 29 from line 20. (Fiduciaries, see instructions)
6.
00
7. Multiply amount on line 6 by 90% (.9) ...................................................................................................................
7.
00
8. Compare the amount on lines 5 and 7. Enter the smaller number .......................................................................
8.
Check this box if you use the annualized income installment method. If your income varied during the year, this method may reduce
9.
the amount of one or more required installments.
A
B
C
D
PAYMENT DUE DATES
April 17, 2007
June 15, 2007
Sept. 17, 2007
Jan. 15, 2008
NOTE: Complete lines 11-23 one column at a time.
10.
a. Multiply the amount on line 8 by 24% and enter in columns A, B and C.
CAUTION: If annualizing, enter amount from worksheet line 17A-C.
b. Multiply the amount on line 8 by 28% and enter in column D.
CAUTION: If annualizing, enter amount from worksheet line 17E.
Estimated tax paid and withheld. (For column A only, enter
11.
amount from line 11 on line 15.)
12. Enter amount, if any, from line 18 of the previous column.
13. Add lines 11 and 12.
Add amounts on lines 16 and 17 of the previous column
14.
and enter the result here.
Subtract line 14 from line 13. If zero or less, enter zero.
15.
(For column A only, enter the amount from line 11.)
Remaining underpayment from previous period. If amount on
16.
line 15 is zero, subtract line 13 from line 14 and enter result
here.
UNDERPAYMENT. If line 10 is greater than or equal to line 15,
17.
subtract line 15 from line 10 and enter the result. Then go
to line 11 of the next column. Otherwise, go to line 18.
OVERPAYMENT. If line 15 is greater than line 10, subtract line
18.
10 from line 15 and enter here. Then go to line 11 of next
column.
PART 2: FIGURING THE INTEREST
19. Underpayment from line 17.
20. a. Rate Period 1: 9.1%. April 17, 2007 - June 30, 2007
April 17, 2007
June 15, 2007
Computation starting date for this period:
b. Number of days from date on line 20a to the date line 19
was paid or June 30, 2007, whichever is earlier. If June 30 is
earlier, enter 74 and 15 respectively.
c. .0002493 x days on line 20b x underpayment on line 19.
21. a. Rate Period 2: 9.25%. July 1, 2007 - Dec. 31, 2007
June 30, 2007
June 30, 2007
Sept. 17, 2007
Computation starting date for this period:
b. Number of days from date on line 21a to the date line 19
was paid or December 31, 2007 whichever is earlier. If
Dec. 31 is earlier, enter 184, 184 and 105 respectively.
c. .0002534 x days on line 21b x underpayment on line 19.
+
0000 2007 53 01 27 5
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