Schedule Nd-1ut - Calculation Of Interest On Underpayment Or Late Payment Of Estimated Income Tax For Individuals - 2013 Page 2
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1
2North Dakota Offi ce of State Tax Commissioner
2013 Schedule ND-1UT instructions
General instructions
Instructions for Part 2
the date the estimated tax due is paid in full.
In the case where an overpayment is applied
You may use Schedule ND-1UT to determine
Line 7
to offset an underpayment, the overpayment
if you paid enough estimated North Dakota
If one of the exceptions in Part 1 applies,
is considered to have been applied as of the
income tax by the payment due dates and,
enter on this line the appropriate amount(s) as
payment due date for the quarter in which the
if you didn’t, to calculate the amount of
follows:
overpayment occurred.
interest you must pay on the underpayment
or late payment. The dates used on
Item A
• If
applies, enter the amount from
In some cases, you may fi nd it necessary to
Schedule ND-1UT and in these instructions
line 6 in the 4th quarter column. Enter zero
compute the interest on a separate worksheet,
are for calendar year fi lers. Fiscal year fi lers
in the fi rst three columns.
in which case you should skip lines 16a
should substitute corresponding dates.
through 16d and enter the separately computed
Item B
• If
applies, use the annualized
interest on line 16e in the appropriate
Federal estimated income tax requirement.
federal taxable income determined on
column. Attach your worksheet to
Do not complete Schedule ND-1UT unless you
2013 Federal Form 2210 to calculate an
Schedule ND-1UT.
were required to pay estimated federal income
annualized North Dakota taxable income.
tax for the tax year. To determine if you were
Include any adjustments required or
For purposes of computing interest, the amount
required to pay estimated federal income tax
allowed under North Dakota tax law in the
paid for a particular quarter must be applied
for 2013, see the 2013 Federal Form 2210.
calculation. Enter the amount of estimated
fi rst to the amount due for that quarter. If the
North Dakota income tax due by each
total amount paid exceeds the amount due, the
Instructions for Part 1
payment due date calculated in the same
excess must be applied to offset an outstanding
Following are descriptions of the exceptions
manner as under the federal annualized
underpayment, if any, from a previous quarter,
to the regular computation of underpayment
income installment method on Form 2210.
starting with the earliest underpayment. In
listed in Part 1. If one of them applies, fi ll in
addition, in the case of a late payment, the
Item C
• If
applies, enter 25% of the
the applicable circle.
interest on line 16e must be computed on the
amount on line 6 in the 1st, 2nd and 3rd
Item A: Qualifi ed farmer (4th quarter
amount due on line 7 less any tax withheld
columns. Enter zero in the 4th quarter
payment required)
included on line 8.
column.
This exception applies if you qualifi ed as
Line 16a
Item D
• If
applies, the amount to enter
a farmer for federal estimated income tax
Except for a late payment or where an
in each column depends on when you
purposes in 2013 and you were required to
underpayment is offset by a subsequent
fi rst received income from North Dakota
pay estimated federal income tax for the 4th
quarter’s overpayment, enter April 15, 2014.
sources in 2013. If you received the
quarter due on January 15, 2014.
If there is a late payment and the amount of
income after March 31 and before June 1,
Item B: Federal annualized income
the payment equals or exceeds the amount of
2013, enter one-third of the amount on
installment method
estimated tax due, enter the date of payment.
line 6 in the 2nd, 3rd, and 4th quarter
If an underpayment is fully offset by a
This exception applies only if you actually
columns. If you received the income after
subsequent quarter’s overpayment, enter the
used the annualized income installment
May 31 and before September 1, 2013,
payment due date for the quarter in which
method to calculate the amount of your
enter one-half of the amount on line 6
the overpayment occurred. In other cases,
underpayment and penalty for federal
in the 3rd and 4th quarter columns. If
more than one date may apply and it may
estimated income tax purposes for 2013.
you received the income after August 31,
be necessary to compute the interest on a
Attach a copy of the federal annualized
2013, and before January 1, 2014, enter
separate worksheet, in which case you should
income installment method worksheet
the amount from line 6 in the 4th quarter
skip lines 16a through 16d and enter the
(from 2013 Federal Form 2210) showing
column.
separately computed interest on line 16e in the
the amounts you computed for federal
Line 8
appropriate column. Attach your worksheet
purposes.
to Schedule ND-1UT.
Enter the amount of estimated tax paid and
Item C: Federal 4th quarter
income tax withheld for each quarter. Unless
exception
you can show otherwise, one-fourth of the
Line 17
This exception applies if you did not have to
total amount withheld is deemed to have
make the 4th quarter estimated federal income
If there is an amount on this line, you may not
been withheld by each payment due date. If
tax payment due on January 15, 2014, because
fi le Form ND-EZ; you must fi le Form ND-1.
you elected to apply an overpayment from
you fi led your 2013 federal income tax return
If there is an overpayment on Form ND-1,
your 2012 North Dakota return to your 2013
and paid the remaining federal income tax due
line 31, any interest due on Schedule ND-1UT
estimated tax, enter the overpayment in the 1st
by February 1, 2014.
will reduce the amount refunded to you. If
quarter column; however, if you had attached
there is a tax due on Form ND-1, line 35, any
Item D: Part-year North Dakota
a statement to your 2012 return requesting the
interest due on Schedule ND-1UT must be
requirement
overpayment to be applied to another quarter,
included in the balance due to be paid with
This exception applies if you were a
enter the overpayment in the appropriate
your return. If there is no overpayment or
nonresident of North Dakota, or you moved
column.
tax due on your return, and if the interest
into North Dakota during 2013, and you did
due on Schedule ND-1UT is $5.00 or more,
Instructions for Part 3
not receive income subject to North Dakota
the interest due on Schedule ND-1UT must
income tax until after April 15, 2013. Attach
Interest of 12% per year is charged on an
be included in the balance due, and a check
a statement describing your situation.
underpayment or late payment of estimated
or money order for this amount must be
tax. Interest accrues from the due date of the
submitted with your return.
payment to the earlier of April 15, 2014, or
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