Form It/sd 2210 - Long Method Interest Penalty On Underpayment Of Ohio Or School District Income Tax - 2016 Page 2

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IT/SD 2210 Long

Taxpayer’s name

Taxpayer’s SSN or FEIN

Rev. 12/16

10211411

Part I – Calculating the Required Annual Payment – Long Method

Use this form to calculate interest penalty on underpayment of taxes and to show the exceptions where no interest penalty is

due. Individuals and estates subject to school district income tax should see Note 1 on page 10.

Check here if you engage in farming or fishing activities and see Note 2 on page 10.

1. 2016 Ohio income tax after all nonrefundable credits (from 2016 Ohio IT 1040, line 10; SD 100, line 4;

SD 100E, line 3; Ohio IT 1041, line 11; Ohio IT 1140, line 1, the sum of both columns; Ohio IT 4708, line

12)

.............................................................................................................................................................1.

2. 2016 Ohio income taxes withheld by others, refundable credits and overpayment credit carryover

from 2015 (do not include estimated tax payments on this line).

Note: For Ohio IT 1140, there are

no taxes withheld by others and no refundable credits other than last year’s tax overpayment credited

to this year

................................................................................................................................................2.

3. Line 1 minus the amount on line 2 (if less than zero, enter -0-)

................................................................3.

Is line 3 less than or equal to $500?  Yes  No

If the answer is yes, STOP. You have no interest penalty.

If the answer is no, continue to line 4.

4. Multiply line 1 by 90% (.90)

.......................................................................................................................4.

Is line 2 greater than or equal to the amount on line 4?  Yes  No

If the answer is yes, STOP; you have no interest penalty.

If the answer is no, continue to line 5.

5. 2015 Ohio income tax after all nonrefundable credits

(from 2015 Ohio IT 1040, line 10; SD 100, line

4; SD 100E, line 3; Ohio IT 1041, line 11; Ohio IT 1140, line 1, the sum of both columns; Ohio IT 4708,

line 12)

......................................................................................................................................................5.

Is line 2 greater than or equal to the amount on line 5?  Yes  No

If the answer is yes, STOP; you have no interest penalty.

If the answer is no, continue to line 6

6. Amount shown on line 1 above

................................................................6.

< $500 >

7. Statutory amount

.....................................................................................7.

8. Line 6 minus line 7

....................................................................................................................................8.

9. Required annual payment. Enter the smallest of lines 4, 5 or 8. Continue to page 3, line 1

.....................9.

Do not include on this line any portion of the overpayment credit carryforward from 2015 to the extent that the overpayment is attributable to year 2015 Ohio income tax that

you paid after April 18, 2016.

If you filed a married filing joint return the previous taxable year and are filing a single or married filing separate return for the current taxable year, enter only the portion of the

previous year’s tax that was attributable to you.

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