Form 3u - Underpayment Of Estimated Temporary Recycling Surcharge By Partnerships - 1998 Page 2
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21998 Form 3U
Part II
Annualized Income Installment Method Worksheet
Complete one column through line 33 before
Annualization Period
completing the next column.
(a)
First 3 months
(b)
First 5 months
(c)
First 8 months
(d)
12 months
19 Enter Wisconsin net business income for each
period shown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Annualization factor . . . . . . . . . . . . . . . . . . . . . . . . .
4
2.4
1.5
1
21 Multiply line 19 by line 20 . . . . . . . . . . . . . . . . . . . . .
22 Multiply line 21 by 0.2173% (0.002173).
Do not enter less than $25 or more than $9,800 . . .
23 If engaged in farming and net farm profit
for annualization period is at least
$1,000, enter $25 . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 Add lines 22 and 23. This is your annualized
temporary recycling surcharge . . . . . . . . . . . . . . . . .
25 Applicable percentage . . . . . . . . . . . . . . . . . . . . . . .
22.5%
45%
67.5%
90%
26 Multiply line 24 by line 25 . . . . . . . . . . . . . . . . . . . . .
27 Enter the combined amounts of line 33
from all preceding columns . . . . . . . . . . . . . . . . . . . .
28 Subtract line 27 from line 26 . . . . . . . . . . . . . . . . . . .
29 Divide Part I, line 4, by 4 and enter
the result in each column . . . . . . . . . . . . . . . . . . . . .
30 Enter the amount from line 32
for the preceding column . . . . . . . . . . . . . . . . . . . . .
31 Add lines 29 and 30 and enter the total . . . . . . . . . .
32 If line 31 is more than line 28, subtract line
28 from line 31. Otherwise, enter zero . . . . . . . . . . .
33 Enter the smaller of line 28 or 31 here
and on Part I, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . .
Instructions for Form 3U
Purpose of Form — Partnerships, including limited liability
Lines 9 and 10. Complete these lines only if you have an
companies treated as partnerships, use Form 3U to deter-
overpayment on line 8 for one or more installment periods. An
mine if they are subject to interest for underpayment of
overpayment may be carried back to the immediately pre-
estimated temporary recycling surcharge and, if so, the
ceding installment period and offset against an underpayment
amount of interest. A partnership must make estimated
for that period. Any remaining overpayment may be carried
temporary recycling surcharge payments if its estimated
back to the next period, etc. If an underpayment does not
temporary recycling surcharge will be $200 or more.
exist in a prior period, carry forward the overpayment to the
next period.
Part I — Compute any underpayment of required installments
and the amount of interest due in Part I. Required installments
Line 11. If line 11 does not show an underpayment, and if
are based on the smaller of (1) 90% of 1998 temporary
line 9 does not show a carryback of an overpayment, you do
recycling surcharge, (2) 100% of 1997 temporary recycling
not need to complete this form because you do not owe any
surcharge, provided the 1997 return covered an entire 12-
underpayment interest. If line 11 shows an underpayment, or
month period, or (3) temporary recycling surcharge computed
if line 9 shows a carryback of an overpayment, continue with
based on annualized income.
lines 12 through 18.
For fiscal year filers, estimated temporary recycling surcharge
Line 18. Combine the amounts from all of the columns on
payments are due the 15th day of the 4th, 6th, and 9th
lines 16 and 17 and enter the total on line 18 and on Form 3S,
months of the taxable year and the 15th day of the first month
line 9.
following the close of the taxable year.
Part II — If you compute one or more installments under the
Line 1. Enter the amount from 1998 Form 3S, line 7.
annualized income installment method, complete Part II and
enter the amounts from line 33 on Part I, line 5.
Line 3. Enter the amount from 1997 Form 3S, line 7.
Line 6. Enter the amount of estimated temporary recycling
surcharge that you paid for each installment period.
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