Form N-210 - Underpayment Of Estimated Tax By Individuals, Estates, And Trusts - 2014 Page 2
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1
2Form N-210
(Rev. 2014)
Page 2
Part IV
Figuring the Penalty
(a) 4/20/2014
(b) 6/20/2014
(c) 9/20/2014
(d) 1/20/2015
(See Instructions)
18 Enter the date the amount on line 16 was paid or April 20,
2015, whichever is earlier. ....................................................
18
19 Enter the number of months from the payment due date through the date
of payment on line 18. If April 20, 2015, is the date entered on line 18,
enter 12, 10, 7, and 3, respectively, here. ........................................
19
20 Multiply the following: Number of months on line 19 x .00667 x
underpayment on line 16 for columns (a) through (d) ..........
20
21 Penalty — Add amounts on line 20 in all columns. Enter the total here and on Form N-11, line 49;
Form N-13, line 36; Form N-15, line 66; or Form N-40, Schedule G, line 8. ..........................................................................
21
Schedule A
Required Installments Using the Annualized Income Installment Method
Annualized Income Installment Method
(a)
(b)
(c)
(d)
Estates and trusts, do not use the period ending dates shown to the
1/1/14-3/31/14
1/1/14-5/31/14
1/1/14-8/31/14
1/1/14-12/31/14
right. Instead use the following: 2/28/14, 4/30/14, 7/31/14, and 11/30/14.
1 Enter your adjusted gross income for each period (See Instructions).
(Estates and trusts, enter your taxable income without your
exemption for each period.) .................................................
1
4
2.4
1.5
1
2 Annualization amounts (Estates and trusts, see Instructions). 2
3 Annualized income. Multiply line 1 by line 2..........................
3
4 Enter your itemized deductions for the period shown in each
column. If you do not itemize, enter -0- and skip to line 7.
(Estates and trusts, enter -0- and skip to line 9, and enter
the amount from line 3 on line 9.) .........................................
4
4
2.4
1.5
1
5 Annualization amounts ........................................................
5
6 Multiply line 4 by line 5 (See Instructions. Your itemized
deductions may be limited.) ..................................................
6
7 In each column, enter the full amount of your standard deduction.
If you itemized deductions enter -0- (See Instructions). .......
7
8 Enter line 6 or line 7, whichever is larger ............................
8
9 Line 3 minus line 8 ..............................................................
9
10 In each column, multiply $1,144 by the total number of
exemptions claimed. If you use the personal exemption for
disabled persons instead, enter the appropriate amount
for 2014 (See Instructions if line 3 is more than $89,981)
(Estates and trusts, enter the exemption amount
shown on your return.) (See Instructions) ...........................
10
11 Line 9 minus line 10. If zero or less, enter -0- ......................
11
12 Figure your tax on the amount on line 11 (See Instructions)
12
13 Enter any other taxes for each period (See Instructions) ....
13
14 Total tax — add lines 12 and 13 ..........................................
14
15 For each period, enter the same type of credits as allowed for
Form N-210, Part II, line 2 (See Instructions). ......................
15
16 Total tax after credits. Line 14 minus line 15. If zero or less, enter -0-. .
16
15%
30%
45%
60%
17 Applicable percentage. .........................................................
17
18 Multiply line 16 by line 17. .....................................................
18
Complete lines 19 through 24 of one column
before going to the next column.
19 Add the amount in all preceding columns of line 24 ............
19
20 Line 18 minus line 19. If zero or less, enter -0-. ...................
20
21 Enter ¼ of Form N-210, Part II, line 8, in each column .......
21
22 Subtract line 24 of the previous column from line 23 of the previous column ....
22
23 Add lines 21 and 22 and enter the total ...............................
23
24 Enter the smaller of line 20 or line 23 here and
on Form N-210, Part III, line 9 .............................................
24
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