Schedule U - Underpayment Of Estimated Tax By Individuals And Fiduciaries - 2013
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2U
Schedule
UNDERPAYMENT OF ESTIMATED TAX
2013
BY INDIVIDUALS AND FIDUCIARIES
Wisconsin
Department of Revenue
u
Enclose with your Wisconsin income tax return
u
Legal name(s) shown on tax return
Your social security number or trust ID number
PART I
Required Annual Payment – All filers must complete this part.
1 Fill in your 2013 net tax
(from Form 1, line 34; Form 1A, line 24; Form 1NPR, line 60; or Form 2, line 16)
. . . . . .
1
2 Other credits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Subtract line 2 from line 1. If zero or less, do not complete or file this form . . . . . . . . . . . . . . . . . . . . . . .
3
4 Multiply line 3 by 90% (.90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Wisconsin tax withheld for 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Subtract line 5 from line 3. If less than $500, do not complete or file this form . . . . . . . . . . . . . . . . . . . .
6
7 Fill in your prior year (2012) tax (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Required annual payment. Fill in the smaller of line 4 or line 7 (see instructions) . . . . . . . . . . . . . . . . . .
8
PART II
Short Method – You may use this method if you did not make estimated tax payments or if you made estimated tax
payments on the due dates and in four equal amounts. Otherwise, use the regular method (Part III).
9 Fill in the amount, if any, from line 5 above . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Fill in the total amount, if any, of estimated tax payments you made . . . . . . . 10
11 Add lines 9 and 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Total underpayment for year. Subtract line 11 from line 8. If the result is zero or less, stop here;
you do not owe underpayment interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Multiply line 12 by .0795 and fill in the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 • If the amount on line 12 was paid on or after 4/15/14, enter -0-.
• If the amount on line 12 was paid before 4/15/14, make the following computation to find
the amount to enter on line 14:
Amount on
Number of days paid
x
x
before 4/15/14
. . . . . . . .
14
line 12
.0003287
15 Underpayment interest. Subtract line 14 from line 13. Also write this amount on
line 54 of Form 1, line 39 of Form 1A, line 82 of Form 1NPR, or line 30 of Form 2.
Then increase the amount you owe or decrease your refund accordingly . . . . . . . . . . . . . Total Due
15 $
PART III
Regular Method
Due Dates of Installments*
April 15, 2013
June 17, 2013
Sept. 16, 2013
Jan. 16, 2014
16 Divide line 8 by four (4) and fill in the result in each
column (see instructions for exceptions) . . . . . . . . . . . . . 16
17 Estimated tax paid (see instructions) . . . . . . . . . . . . . . . . 17
18 Tax withheld. Fill in one-fourth of line 5 in each column
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Add lines 17 and 18. This is your total payment . . . . . . . . 19
20 If line 19 is smaller than line 16, subtract line 19 from
line 16. This is your underpayment (see instructions) . . . 20
21 If line 19 is larger than line 16, subtract line 16 from
line 19. This is your overpayment . . . . . . . . . . . . . . . . . . . 21
22 Carryback of overpayment or late payment (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 Carryforward of overpayment (see instructions) . . . . . . . 23
24 Subtract the total of lines 22 and 23 from line 20.
This is your net underpayment . . . . . . . . . . . . . . . . . . . . . 24
25 Number of days from the due date of the installment
to the date carryback amount on line 22 was paid . . . . . . 25
26 Number of days from the due date of the installment
to the date balance due on tax return was paid or
April 15, 2014, whichever is earlier . . . . . . . . . . . . . . . . . 26
27 Interest:
Days on line 25
x .12 x
Amount on
365
line 22 . . . 27 $
$
$
$
28 Interest:
Days on line 26
x .12 x
Amount on
365
line 24 . . . 28 $
$
$
$
Underpayment interest. Fill in the sum of all amounts on lines 27 and 28. Also write
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this amount on line 54 of Form 1, line 39 of Form 1A, line 82 of Form 1NPR, or line 30
of Form 2. Then increase the amount you owe or decrease your refund accordingly
. . . . . . . . . . . . . Total Due
29 $
D-104
The due dates shown are for calendar year taxpayers. Adjust these dates accordingly for fiscal year returns.
*
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