Form Rev-1630f - Underpayment Of Estimated Tax By Fiduciaries - 2013 Page 2

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REV-1630F (1-14)(FI)

UNDERPAYMENT OF

2013

ESTIMATED TAX

BY FIDUCIARIES

BUREAU OF INDIVIDUAL TAXES

START

Name as shown on PA-41

Employer Identification Number

Street Address

City or Post Office

State

ZIP Code

PART I

CALCULATING YOUR UNDERPAYMENT

1a. 2013 Tax Liability from Line 10 of Form PA-41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1a.

1b. Multiply the amount on Line 1a by 0.90. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1b.

2. Add the amounts reported on Lines 12, 13, 14 and 15 of Form PA-41. . . . . . . . . . . . . . . . . . . .

3. Subtract Line 2 from Line 1a. If result is less than $246, stop here. . . . . . . . . . . . . . . . . . . . . .

4. Subtract Line 2 from Line 1b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ESTIMATED PAYMENT DUE DATES - If due date falls on a weekend or holiday, use the next business day. Fiscal filers see instructions.

April 15, 2013

June 17, 2013

Sept. 16, 2013

Jan. 15, 2014

5. Divide amount on Line 4 by the number of payments

required for the year (usually four). Enter the result in

the appropriate columns. . . . . . . . . . . . . . . . . . . . . . . . .

6. Estimated tax paid including carryover credit from previous

tax year. See instructions. . . . . . . . . . . . . . . . . . . . . . . .

7. Overpayment (from Line 10) from a previous period.

See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Add Lines 6 and 7.. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. Underpayment (subtract Line 8 from Line 5). If Columns a

through d are all zero, stop here. No penalty is due. . . . . .

10. Overpayment (subtract Line 5 from Line 8). If Columns a

through d show an overpayment, stop here. No penalty

is due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.

PART II

EXCEPTIONS TO INTEREST

You will not have to pay interest on the underpayment if the tax payments you made as shown in Part II, Line 11 were paid on time and the amount shown

on Part II, Line 11 is equal to or more than the amount in Part II, Line 12 or Line 13, for the same payment period. This exception does not apply if you did not file a

return for the prior year.

EXCEPTION 1 WORKSHEET – Part II, Line 11 Calculation

April 15, 2013

June 17, 2013

Sept. 16, 2013

Jan. 15, 2014

A. Divide the amount reported in Part I, Line 2 by 4. Enter the

amount in each of the four columns. . . . . . . . . . . . . . . . . . .

B. Enter the estimated payments reported in Part I, Line 6. Enter the

payments under the installment period in which they were paid. .

C. Add Lines A and B under each column. . . . . . . . . . . . . . . . .

11. Enter the amounts listed on Exception 1 Worksheet, Line C.

For Column a this is the amount from Line C above. For

Column b add the amounts of Columns a and b from Line C;

for Column c add the amounts from Columns a, b and c;

and for Column d add the amounts from Columns a, b, c

and d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11.

12. Exception 1 – Tax on 2012 income using 2013 tax rate.

See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12.

If the amount on Line 11 is equal to or greater than Line 12, you do not owe penalty for that payment period and you should place an X in the applicable box

on Line 14a or 14b for that period.

EXCEPTION 2 WORKSHEET – Use this worksheet if your income was earned unevenly through 2013 and your 2013 estimated tax payments, tax

withholdings and credits equal at least 90 percent of the tax on your taxable income for the periods.

Part II, Line 13 Calculation

01/01/13 - 02/28/13 01/01/13 - 04/30/13 01/01/13 - 07/31/13 01/01/13 - 11/30/13

A. Enter your actual taxable income for period. . . . . . . . .

B. Annualized amounts. . . . . . . . . . . . . . . . . . . . . . . . .

1.71429

1.09091

C. Annualized income. Multiply Line A by Line B. . . . . . . .

D. Multiply Line C by 3.07 percent (0.0307). . . . . . . . . .

E. For each period, enter the same type of credits as

allowed on PA-41, Lines 12, 13 and 14.

See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . .

F. Subtract Line E from Line D. If zero or less, enter zero.

G. Applicable percentage. . . . . . . . . . . . . . . . . . . . . . . .

22.5%

45.0%

67.5%

90.0%

13. Exception 2 - Tax based on annualized income,

Multiply Line F by Line G. . . . . . . . . . . . . . . . . . . . . . . . .

13.

If the amount on Line 11 is equal to or greater than Line 13, you do not owe penalty for that payment period and you should place an X in the applicable

box on Line 14a or 14b for that period.

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