Form Cnf-120u - Underpayment Of Estimated Tax

WV/CNF-120U

UNDERPAYMENT OF ESTIMATED TAX

2007

WV Code 11-10-18a

FEIN

NAME

PART III: Compute your underpayment

Column B

Column A

Column C

Column D

1 Installment Due Dates, Enter in Columns A - D the 15th day of

the 4th, 6th, 9th, and 12th months of your tax year.........................

2 If you are using the annualized method, enter the amounts from

Part II, Line 41; otherwise, enter 1/4 of Line 13 of Part I in each

column............................................................................................

3 Estimated payments (see instructions). If Line 3 is greater than or

equal to Line 2 for all columns, stop here; you are not subject to

the penalty......................................................................................

COMPLETE LINES 4 THROUGH 10 FOR ONE COLUMN BEFORE GOING TO THE NEXT COLUMN

4 Enter the amount, if any, from Line 10 of the previous column........

5 Add Lines 3 and 4...........................................................................

Add Lines 8 and 9 of the previous column.....................................

In Column A enter the value from Line 3. In Column B-D, subtract

Line 6 from Line 5. If zero or less, enter -0-...................................

8 If Line 7 is zero, subtract Line 5 from Line 6. Otherwise enter -0-..

9 UNDERPAYMENT: If Line 2 is equal to or more than Line 7,

subtract Line 7 from Line 2. Enter the result here and go to Line 4

of the next column. Otherwise, go to Line 10................................

10 OVERPAYMENT: If Line 7 is more than Line 2, subtract Line 2

from Line 7. Enter the result here and go to Line 4

of the next column..........................................................................

PART IV: Figure the penalty

11 Enter the date of the installment payment or the unextended due

date of your annual return, whichever is earlier..............................

12 Enter the number of days from the due date of the installment on

Part III, Line 1 to the date shown on Part IV, Line 11........................

13 Enter the number of days on Line 12 before 7/1/2007......................

14 Enter the number of days on Line 12 after 6/30/2007 and before

1/1/2008............................................................................................

....

15 Enter the number of days on Line 12 after 12/31/2007 and before

7/1/2008..........................................................................................

16 Enter the number of days on Line 12 after 6/30/2008 and before

1/1/2009..........................................................................................

17 Underpayment on Part III, Line 9 x (number of days on Line

13/365) x 9.5%...............................................................................

18 Underpayment on Part III, Line 9 x (number of days on Line

14/365) x 9.5%...............................................................................

19 Underpayment on Part III, Line 9 x (number of days on Line

15/365) x *%..................................................................................

20 Underpayment on Part III, Line 9 x (number of days on Line

16/365) x *%..................................................................................

21 TOTAL: Add Lines 17 through 20...................................................

22 PENALTY DUE - add Columns A - D, Line 21. Enter here and on Line 14 of Part I and on Line 20 of Form WV/CNF/120.....

*SEE INSTRUCTIONS TO DETERMINE RATES IN EFFECT FOR THESE PERIODS

*B30090711A*

PAGE 31

REV 9-07

Form Cnf-120u - Underpayment Of Estimated Tax - 2007 Page 3

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