Instructions For Arizona Form 221 - Underpayment Of Estimated Tax By Individuals - 2014 Page 2
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I
If you are aski
ing for a penal
lty waiver due
to a casualty,
Par
rt A - Calcula
ation of Und
derpayment
d
disaster,
or
other
unus
sual
conditio
ons,
include
d
documentation
n such as copi
ies of police a
and insurance
If y
you file an amen
nded return by
y the due date o
of your original
l
c
company repor
rts.
retu
urn, use the am
mounts shown
on your amen
nded return to
o
figu
ure your unde
rpayment. If y
you file an am
mended return
n
I
If you are aski
ing for a penal
lty waiver due
to retirement
afte
er the due date
e, use the amou
unts shown on
n your original
l
o
or disability,
include docum
mentation that
t shows your
retu
urn. For more
information,
see Individua
al Income Tax
x
r
retirement date
e (and your ag
ge on that date
e) or the date
Rul
ling ITR 02-4.
y
you became di
isabled.
Lin
ne 1 -
Line
es 2 throug
gh 15 -
Com
mplete line 1 i
if you are clai
iming an excep
ption from the
e
Com
mplete lines 2 t
through 15 to
see if you un
nderpaid your
pen
nalty because
you qualified
d for federal
l relief under
r
2014
4 estimated inco
ome tax payme
ents.
Inte
ernal Revenue
Code (IRC) §
6654. You ma
ay claim either
r
Line
e 2 -
an e
exception from
m the penalty,
or you may c
laim a penalty
y
Enter
r your 2014 i
income tax lia
ability from A
Arizona Form
wai
iver.
140,
page 2, line 4
48, or Form 1
140PY, page 2
2, line 61, or
Pe
enalty Exce
eptions
Form
m 140NR, page
e 2, line 58.
NOT
TE: If you com
mpute your tax
liability under
r the claim of
You
u will not have
e to pay the p
enalty if either
r 1 or 2 below
w
right
t provisions en
ter the net tax
liability as com
mputed under
app
ply.
the c
claim of right p
provisions.
1.
You had no f
federal tax liab
ility for 2013.
You were also
o
Line
e 3 -
a U.S. citizen
n or resident o
f the U.S. for
the entire year
r
and your 201
13 tax return w
was (or would
have been had
d
Enter
r any tax cre
edits claimed
on your 2014
4 income tax
you been requ
uired to file) fo
or a full 12 mon
nths.
return
rn.
2.
The total tax
x shown on yo
our 2014 feder
ral income tax
x
Line
e 4 -
return minus
s your federa
al withholding
g is less than
n
Subtr
ract line 3 from
m line 2.
$1,000.
Line
e 5 -
To
request a pena
alty exception
because either
r 1 or 2 above
e
app
ply, do the follo
owing.
Enter
r the Arizona
a income tax
x withheld sh
hown on the
Form
m(s) W-2 from
m your employ
yer. Also enter
r the Arizona
Check the box
x on line 1.
incom
me tax withh
held shown o
on your Form
m(s) 1099-R
Do not comp
lete the rest of
f Form 221.
(distr
ributions from
pensions, ann
nuities, etc.). D
Do not include
Include Form
Arizona Form
m 221 with
m 140, Form
m
any i
income tax wit
thheld for anoth
her state.
140PY, or Fo
orm 140NR.
Line
e 6 -
Pe
nalty Waive
rs
Subtr
ract line 5 from
m line 4. If le
ess than $1,000
0, you do not
owe t
the penalty, sto
op here and do
o not file Form
221.
If y
you have an un
derpayment on
n line 15, the d
department will
l
wai
ive all or part o
of the penalty
for that under
rpayment if the
e
Line
e 7 -
dep
partment determ
mines that eithe
er 1 or 2 below
w apply.
Mult
tiply the amoun
nt on line 4 by
90% (.90). En
nter the result.
1.
The underpay
yment was du
ue to a casualt
ty, disaster, or
r
Line
e 8 -
other unusu
ual circumsta
ances, and i
it would be
e
Enter
r your 2013 tax
x liability (afte
er tax credits).
Only enter an
inequitable to
o impose the pe
enalty.
amou
unt on line 8 if
f you filed an A
Arizona person
nal income tax
2.
In 2013 or 2
2014, you retir
red after age
62 or became
e
return
rn for 2013. If
f you did not
t file an Arizo
ona personal
disabled, and
d your underpay
yment was due
e to reasonable
e
incom
me tax return
n for 2013, skip
p this line.
cause.
Line
e 9 -
To
request a waiv
ver for an unde
erpayment desc
cribed in either
r
If yo
ou completed li
ine 8, enter the
e smaller of lin
ne 7 or line 8.
1 or
r 2 above, do th
he following.
If you
u did not comp
plete line 8, en
nter the amount
t from line 7.
Check the box
x on line 1.
Line
e 10 -
Complete Fo
rm 221 throug
gh line 30 wit
thout regard to
o
In co
olumns (a) thr
rough (d), ent
ter the due da
ates for your
the waiver.
Write the am
mount you wa
ant waived in
n
parentheses i
in the area ne
ext to line 30.
. Subtract this
s
feder
ral estimated i
income tax pa
ayments. Enter
r a date here
amount from
m the total pe
enalty you fig
gured without
t
only
if these dates a
are different fr
rom the preprin
nted dates.
regard to the
waiver, and en
nter the result o
on line 30.
Line
e 11 -
Include Form
m 221 and a
statement wit
th your return
n
Divid
de the amount
t on line 9 by
four (4). Enter
r the result in
explaining w
why you could
not meet the
estimated tax
x
each
column. In so
ome cases, you
u did not have
to make your
requirements.
. Also, show th
he time period
for which you
u
paym
ments in four e
equal installme
ents. If you did
d not have to
are requesting
g a waiver.
make
e your paymen
nts in four eq
qual installmen
nts, check the
box a
and enter the a
amount of your
r required paym
ment(s) in the
2
2
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