Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under - 2010 Page 2

Rev. 03.10

Schedule T Incentives - Page 2

Part II

Failure to Pay

(a)

(b)

(c)

(d)

32.

Due date (See instructions)

First Installment

Second Installment

Third Installment

Fourth Installment

CALENDAR YEAR

FISCAL YEAR (Enter the corresponding dates) ..................................

(32)

33.

Amount of minimum estimated tax per installment (If you

completed Section A and B of Part I, enter line 31. Otherwise,

see instructions) .......................................................................................

(33)

Amount of estimated tax paid per installment

34.

(See instructions) .....................................................................................

(34)

35.

Payment date (See instructions) ................................................................

(35)

36.

Line 42 from previous column ...................................................................

(36)

37.

Add lines 34 and 36 .................................................................................

(37)

Subtract line 33 from line 37 (If it is zero or less, enter zero) ..........................

38.

(38)

39.

Failure to Pay (If line 38 is zero, subtract line 37 from line 33.

Otherwise, enter zero) .............................................................................

(39)

40.

Add lines 39 and 41 from previous column ..................................................

(40)

41.

If line 40 is equal or larger than line 38, subtract line 38 from

line 40 and go to line 36 of next column. Otherwise, go to line

42 ..........................................................................................................

(41)

Overpayment. (If line 38 is larger than line 40, subtract line 40

42.

from line 38, and go to line 36 of next column. Otherwise, enter

zero) .....................................................................................................

(42)

Part III

Addition to the Tax for Failure to Pay

Multiply line 39 by 20% (See instructions) ..................................................

43.

(43)

Number of days from the due date to the payment date (See

44.

instructions) ............................................................................................

(44)

Line 44

45.

365

X line 43 (See instructions) .................................................

(45)

Addition to the Tax for Failure to Pay (Add the amounts from columns

46.

of line 45. Transfer to page 1, Part I, line 5 of the

return) .......................................................................................................

(46)

Part IV

Tables to Calculate the Addition to the Tax for Failure to Pay the Installments of Estimated Tax

TABLE 1 - Payments to Meet the First Installment Made After its Due Date ( __________ )

Amount due and not paid

Amount of payment

Date of payment or

Days elapsed from

Multiply (a) by 20% by (d)

before the payment

or overpayment

overpayment

the due date

365

(b)

(a)

(d)

(c)

(e)

Total: Add Column (e) and transfer to Part III, line 45, Column (a) .......................................................................................................

TABLE 2 - Payments to Meet the Second Installment Made After its Due Date ( __________ )

Amount due and not paid

Amount of payment

Date of payment or

Days elapsed from

Multiply (a) by 20% by (d)

before the payment

or overpayment

overpayment

the due date

365

(a)

(d)

(b)

(c)

(e)

Total: Add Column (e) and transfer to Part III, line 45, Column (b) .......................................................................................................

TABLE 3 - Payments to Meet the Third Installment Made After its Due Date ( __________ )

Amount due and not paid

Amount of payment

Date of payment or

Days elapsed from

Multiply (a) by 20% by (d)

overpayment

the due date

before the payment

or overpayment

365

(b)

(c)

(d)

(a)

(e)

Total: Add Column (e) and transfer to Part III, line 45, Column (c) .......................................................................................................

TABLE 4 - Payments to Meet the Fourth Installment Made After its Due Date ( __________ )

Amount of payment

Date of payment or

Days elapsed from

Amount due and not paid

Multiply (a) by 20% by (d)

before the payment

or overpayment

overpayment

the due date

365

(d)

(a)

(b)

(c)

(e)

Total: Add Column (e) and transfer to Part III, line 45, Column (d) ........................................................................................................

Retention

Period: Ten (10) years