Form Tol 2210 - Statement And Computation Of Penalty And Interest For Underpayment Of Estimated Toledo Tax

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FORM TOL 2210
STATEMENT AND COMPUTATION OF PENALTY
TAX YEAR __________
AND INTEREST FOR UNDERPAYMENT OF
ESTIMATED TOLEDO TAX
NAME
S.S. NO
ADDRESS
FED I.D. NO
CITY/STATE/ZIP
ACCOUNT NO.
DUE DATE OF RETURN (UNEXTENDED) APRIL 15
EARLIER OF DATE TAX IS PAID OR UNEXTENDED DUE DATE OF RETURN
______________________________________________________________________________________________________________
Total 2000 Tax Liability Before Estimated Payments,
$ _________________ 1.
Withholding, or Credits (Line 13 of 2000 Return)
Enter 80% of Line 1
$ _________________ 2.
Total 1999 Tax Liability Before Estimate Payments,
$ _________________ 3.
Withholding, or Credits (Line 13 of 1999 Return)
Calendar Yr Quarterly Payment Dates
15-Apr-00
15-Jun-00
15-Sep-00
15-Jan-01
Total
Fiscal Year Quarterly Payment Dates
4.
Divide Amount on Line 1. by
Number of Payments Due This Year
5.
Amount Withheld, Paid or Credited on
Estimate Each Quarter
STOP!! IF THE TOTAL COLUMN ON LINE 5. EQUALS OR EXCEEDS LINES 2. OR 3., (PROVIDED LINE 3. IS
NOT –0-), DO NOT COMPLETE THE REMAINDER OF THIS FORM AS YOU ARE NOT SUBJECT TO ANY
PENALTIES OR INTEREST. HOWEVER, IF THE TOTAL COLUMN ON LINE 5. IS LESS THAN LINES 2. OR 3.
YOU MUST COMPLETE THIS FORM TO COMPUTE THE PENALTY AND INTEREST YOU WILL OWE TOLEDO
FOR UNDERPAYMENT OF YOUR ESTIMATED TAX.
6. Underpayment. Subtract Line 5. from Line
4.
7. Number of Days from Due Date of Estimate
Payment to the earlier of the date the Tax
368
307
215
90
was Paid or the Un-extended Due Date of
---
---
---
---
the Tax Return
368
368
368
368
8. Convert Line 7. to a Four Place Decimal
1.0000
0.8342
0.5842
0.2446
9.
Line 8. x 24%
0.2400
0.2202
0.1402
0.0587
10. Penalty and Interest = Line 9. x Line 6. Pay
Amount in the Total Column of this line
PAY THIS AMOUNT
MAKE CHECK PAYABLE TO: COMMISSIONER OF TAXATION
CITY OF TOLEDO, DIVISION OF TAXATION
ONE GOVERNMENT CENTER, SUITE 2070
TOLEDO, OHIO 43604

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