Form 2210n - Nebraska Individual Underpayment Of Estimated Tax - 2014 Page 2
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1
2
3Instructions
Note: 2015 Individual Estimated Payment Vouchers and Instructions are not mailed to taxpayers by the Nebraska
Department of Revenue (Department). Instead, all taxpayers are encouraged to make their estimated payments
electronically. If you are making payments by check or money order, please print and mail this
voucher
with your
payment to ensure the payment is properly credited to your account.
Who Must File. If your 2014 tax due (line 17, Form 1040N) less withholding and allowable credits is $500 or more, you
may owe a penalty for underpayment of estimated tax and must complete this form. You may also owe a penalty if estimated
payments have not been filed in a timely manner.
Who Must Pay the Underpayment Penalty. An individual who did not pay enough estimated tax by any of the applicable
due dates, or did not have enough state income tax withheld, may be charged a penalty. This is true even if you are due a
refund when you file your tax return. The penalty is calculated separately for each due date. You may owe the penalty for
an earlier payment due, even if you paid enough tax later to make up the underpayment.
You may owe the penalty for 2014 if you did not pay at least the smaller of:
1. 90% of your 2014 tax liability; or
2. 100% of your 2013 tax liability (if you filed a 2013 return that covered a full 12 months).
Exceptions to the Penalty. You do not have to pay the penalty if:
1. You had no tax liability for 2013, you were a U.S. citizen or resident for the entire year, and your 2013 Nebraska
tax return was (or would have been had you been required to file) for a full 12 months;
2. You are a first-time filer for Nebraska tax purposes; or
3. The total tax shown on your 2014 return minus the amount of tax you paid through withholding is less than $500.
To determine whether the total tax is less than $500, complete lines 1-6.
Note: If you file your return and pay the tax due by January 31, 2015, include on line 19, January 15 column, the amount of
tax you pay with your tax return. In this case, you will not owe a penalty for the payment due on January 15, 2015.
Nebraska Tax on Annualized Income. No penalty will be imposed if your Nebraska tax payments equal or exceed 90% of
your Nebraska tax liability based on annualized income earned through the end of the month preceding the installment date. If
you meet this criteria, check the box at the top of this form. Paper filers attach a separate schedule showing your computation
similar to the federal Annualized Income Installment Method Schedule.
Waiver of Penalty. Waiver of penalty may be considered under the following circumstances:
•
Underpayment due to casualty, disaster, or other unusual circumstance where it would be inequitable to impose the
penalty; or
•
In 2013 or 2014, you retired after age 62, or became disabled, and your underpayment was due to reasonable cause.
Paper filers attach a statement to this form outlining why the penalty should not be imposed.
When and Where to File. Form 2210N must be attached and filed with the
Nebraska Individual Income Tax Return,
Form 1040N.
Specific Line Instructions
Line 7, 2013 Tax. Use your 2013 tax after nonrefundable credits from your 2013 tax return. If the 2013 tax year was for
less than 12 months, do not complete this line. Instead, enter the amount from line 4 on line 8 and complete the remainder of
the form. If you are not engaged in farming, ranching, or fishing, and your federal adjusted gross income (AGI) in 2013 was
more than $150,000 ($75,000 if married, filing separately), enter 110% of your 2013 taxes on line 7. Farmers and ranchers
should see Special Rules below.
Line 9, Installment Payments. If you filed your Nebraska income tax return and paid the balance of the tax due by
January 31, that balance is considered paid as of January 15.
Fiscal Year Taxpayers. The installment due dates for fiscal year taxpayers are the 15th day of the following months:
1. The first month of the second quarter;
2. The third month of the second quarter;
3. The third month of the third quarter; and
4. The first month of the following fiscal year.
All dates on Form 2210N should be considered in the corresponding month of the fiscal year.
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