Form Il-2210 - Computation Of Penalties For Individuals - 2001
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4Illinois Department of Revenue
IL-2210
2001
Computation of Penalties for Individuals
Read this information first
We encourage you to let us figure your penalties and send you a bill instead of completing and filing this form yourself.
Step 1: Complete the following information
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This form is for calendar year 2001 or for fiscal year beginning
,
, and ending
,
.
Month
Year
Month
Year
2
2
Write your name as it appears on your Form IL-1040.
3
3
–
–
Write your Social Security number as it appears on this year’s Form IL-1040.
4
If your prior year Form IL-1040 was filed using a different Social Security number
4
than the number shown on Line 3, write that number here.
–
–
Step 2: Figure your required installments
A
B
This year
Last year
5
5
Write the amount of your total income tax from each Form IL-1040. See instructions.
_________________
_________________
6
6
Write the amount of credits from each Form IL-1040. See instructions.
_________________
_________________
7
7
Subtract Line 6 from Line 5.
_________________
_________________
8
8
Write the total amount of this year’s Illinois withholding from your W-2 forms.
_________________
9
9
Subtract Line 8 from Line 7.
_________________
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10
Multiply Column A, Line 7, by 90% (.9).
_________________
11
If Line 9 is $500 or less, write “0,” and go to Step 3. Otherwise, write the
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lesser of Column A, Line 10, or Column B, Line 7.
_________________
12
Divide the amount written on Line 11, by four. This is the amount of each required
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installment. (If you use the annualized income installment method, see instructions.)
_________________
Quarter 1
Quarter 2
Quarter 3
Quarter 4
April 16, 2001
June 15, 2001
September 17, 2001
January 15, 2002
13
Write the required installment.
See instructions.
_________________
________________
________________
________________
14
Write any credit carried forward from the
prior year and the amount withheld.
See instructions.
_________________
________________
________________
________________
15
Subtract Line 14 from Line 13. If the
amount is negative, use brackets.
_________________
________________
________________
________________
16
If the amount on Line 17 of the
previous quarter is negative, write
that amount as a positive here.
Otherwise, write “0.”
_________________
________________
________________
________________
Skip this line for Quarter 1.
17
Subtract Line 16 from Line 15. If the
amount is negative, use brackets.
_________________
________________
________________
________________
Step 3: Figure your unpaid tax
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18
Write the amount from Column A, Line 7.
______________
19
Add your credit carried forward from the prior year, your total estimated payments made this year, and your
withholding as shown on your W-2 forms. Compare that total to either the amount written on Line 11, or, if you
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annualized, the total of Line 13, Quarters 1 through 4, and write the greater amount here. See instructions.
______________
20
Write other payments made on or before April 15, 2002. See instructions.
20a
a Write the amount and the date of your Form IL-505-I.
______________ Date:
__ __/__ __/__ __ __ __
20b
b Write the amount and the date of any other payment.
______________ Date:
__ __/__ __/__ __ __ __
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Add Lines 20a and 20b. Write the amount here.
______________
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Add Lines 19 and 20. Write the total amount here.
______________
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Subtract Line 21 from Line 18. If the amount is
• positive, write that amount here. Continue to Step 4, and write this amount in Penalty Worksheet 1, Line 24, Column C.
• zero or negative, write that amount here, if negative use brackets. Continue to Step 4, skip Penalty Worksheet 1,
and go to Penalty Worksheet 2. You may apply this amount to any underpayment when figuring your
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Penalty Worksheet 2. See instructions.
_____________
Form IL-2210 (R-12/01)
Page 1 of 4
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