Form Il-2210 - Computation Of Penalties For Individuals - 2001 Page 2
ADVERTISEMENT
1
2
3
4Step 4: Figure your late-payment penalty
Use Penalty Worksheet 1 to figure your late-payment penalty for unpaid tax.
Use Penalty Worksheet 2 to figure your late-payment penalty for underpayment of estimated tax.
You must follow the instructions in order to properly complete the penalty worksheets.
Penalty rates
Number of days late
Penalty rate
Number of days late
Penalty rate
1 - 30 .......................... .02
91 - 180 ........................... .10
31 - 90 ......................... .05
181 or more ....................... .15
Penalty Worksheet 1 –
Late-payment penalty for unpaid tax
23
Write the amount and the date of any payment you made on or after April, 16, 2002. See instructions.
Amount
Date paid
23a
______________
__ __/__ __/__ __ __ __
23b
______________
__ __/__ __/__ __ __ __
24
Write the amount from Line 22 on the first line of Column C below.
A
B
C
D
E
F
G
H
I
Due
Unpaid
Payment
Balance due
Payment
Number of
Penalty rate
Period
date
amount
applied
(Col. C - Col. D)
date
days late
(See above)
Penalty
Return 4/15/2002 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
25
Add Column I. This is your late-payment penalty for unpaid tax.
25
Write the total amount here and in Step 5, Line 32.
____________
You may apply any remaining overpayment in Column E above, to any underpayment when figuring the Penalty Worksheet 2.
Penalty Worksheet 2 –
Late-payment penalty for underpayment of estimated tax
26
Write the amount and the date of each estimated income tax payment you made. See instructions.
Estimated Income Tax Payments
Amount
Date paid
Amount
Date paid
Amount
Date paid
a
c
e
______________
______________
______________
__ __/__ __/__ __ __ __
__ __/__ __/__ __ __ __
__ __/__ __/__ __ __ __
b
d
f
______________
______________
______________
__ __/__ __/__ __ __ __
__ __/__ __/__ __ __ __
__ __/__ __/__ __ __ __
27
Write the unpaid amounts from Step 2, Line 17, Quarters 1 through 4, on the first line of the appropriate quarters in Column C below.
A
B
C
D
E
F
G
H
I
Due
Unpaid
Payment
Balance due
Payment
Number of
Penalty rate
Period
date
amount
applied
(Col. C -Col. D)
date
days late
(See above)
Penalty
Qtr 1
4/16/2001 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
Qtr 2
6/15/2001 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
Qtr 3
9/17/2001 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
Qtr 4
1/15/2002 ____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
____________
____________ ____________
_______
________
____________
__ __/__ __/__ __ __ __
28
Add Column I, Quarters 1 through 4. This is your late-payment penalty for underpayment of estimated tax.
28
Write the total amount here and on your Form IL-1040, Line 27.
____________
Page 2 of 4
Form IL-2210 (R-12/01)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial