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Form 4582 - Business Tax Penalty And Interest Computation For Underpaid Estimated Tax - 2014 Page 5

For example, if 21.99 percent of line 58 is equal to $4,000,000

in the first quarter, in the second quarter there is additional

tax on line 57 that would add another $1,000,000, the third

quarter there was no additional tax, and the fourth quarter the

additional tax would add another $2,000,000, enter as follows:

• Column A: $4,000,000

• Column B: $5,000,000

• Column C: $5,000,000

• Column D: $6,000,000

Line 63: Enter in Column A the entire amount of CIT adjustment

from Form 4567, Line 58; Form 4590, Line 31; or Form 4588,

Line 28. Only a positive amount may be entered on this line.

Line 70: The totals for line 70, columns A, B, C, and D, must

equal 85 percent of the current year tax liability on page 1, line 1.

Include completed Form 4582 as part of the tax return filing.

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Form 4582 - Business Tax Penalty And Interest Computation For Underpaid Estimated Tax - 2014 Page 5