Form 46002 - Indiana Department Of Revenue 2007 Underpayment Of Estimated Tax By Individuals
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1Indiana Department of Revenue
Schedule
IT-2210
2007 Underpayment of
Attachment
Estimated Tax By Individuals
Sequence No. 06
State Form 46002
R6 / 8-07
Attach to Form IT-40, IT-40PNR or IT-40P
Your Social
Your first name and last name
A
Security Number
Spouse’s Social
Spouse’s first name and last name (if filing a joint return)
B
Security Number
Section B:
- Farmers and Fishermen Only - See Instructions
Section A
Early Filers
Two-Thirds of
Gross Income from
Annual Gross Income
Farming and Fishing
Gross Income
from All Sources
Check box if you filed
X
your 2007 tax return and
R
S
T
2006
X 66.7% =
paid the total tax due by
U
V
W
2007
X 66.7% =
January 31, 2008.
- Required Annual Payment
Section C
1. 2007 tax .........................................................................................................................................
1
2. 2007 credits (not including withholding credits or estimated tax payments) ..................................
2
3. Subtract line 2 from line 1 ..............................................................................................................
3
4. Multiply line 3 by 90% (.90) (farmers/fishermen multiply by .667, see instructions) ......................
4
5. 2007 withholding tax credit ............................................................................................................
5
6. Subtract line 5 from line 3 - If less than $400, STOP HERE! You do not owe a penalty ...........
6
7. Prior year’s tax - Read instructions .............................................................................................
7
8. Minimum required annual payment - Enter the lesser of line 4 or line 7 - If less than or equal
to the amount on line 5, STOP HERE! You do not owe a penalty ..........................................
8
- Short Method - Read the instructions to determine if you
Section D
can use the short method
9. Enter the withholding tax credit amount from line 5 above ............................................................
9
10. Enter the total amount, if any, of estimated tax payments you made for tax year 2007 ...................
10
11. Add lines 9 and 10 .........................................................................................................................
11
12. Total Underpayment. Subtract line 11 from line 8. If zero or less, STOP HERE! You do not
owe a penalty. Attach this schedule to your tax return ..................................................................
12
13. Multiply line 12 by 10% (.10). Enter this amount on line 38 of Form IT-40 or line 34 of
Form IT-40PNR ..............................................................................................................................
13
- Regular Method
Section E
Installment Period Due Dates
A
B
C
D
1st Installment
2nd Installment
3rd Installment
4th Installment
April 17, 2007
June 18, 2007
September 17, 2007
January 17, 2008
14. Minimum required installment payment:
divide amount on line 8 by 4 .......... 14
14
15. 2007 withholding-Divide line 5 by 4 .. 15
15
STOP!
Complete lines 16 through 19 for
each column before going to the next one.
16. 2007 estimated taxes paid per period 16
16
17. Total installment payments
(Add lines 15 and 16) ..................... 17
17
18. Installment period overpayment ..... 18
18
19. Installment period underpayment .. 19
19
20. Total underpayment - Add line 19, Columns A + B + C + D and enter total here .........................................
20
21. Underpayment penalty - Multiply line 20 by 10% (.10). Enter this amount on line 38 of Form IT-40 or
line 34 of Form IT-40PNR ............................................................................................................................
21
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