Form M-2210f - Underpayment Of Massachusetts Estimated Income Tax For Fiduciaries - 2012
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1
22012
Form M-2210F
Massachusetts
Underpayment of Massachusetts
Department of
Estimated Income Tax for Fiduciaries
Revenue
Enclose this form with your income tax return. Please print in ink or type.
Name(s) as shown on page 1 of return
Social Security or Federal Identification number
Exceptions to the Underpayment Penalty
You may qualify for an exception to the underpayment penalty if:
Your 2012 income tax due after credits and withholding is $400 or less.
You are a qualified farmer or fisherman filing and paying your full amount due on or before March 1, 2013.
You were a resident of Massachusetts for 12 months and not liable for taxes during 2011.
Your estimated payments and withholding equal or exceed your 2011 tax (where taxable year was 12 months and a return was filed).
Part 1. Required Annual Payment
11 2012 tax (from Form 2, line 41) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
12 Total credits (from Form 2, lines 50 and 59 through 61) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
13 Balance. Subtract line 2 from line 1. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
14 Enter 80% of line 3 or 66
2
% of line 3 if you are a qualified farmer or fisherman. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
⁄
3
15 Enter 2011 tax liability after credits (from 2011 return) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
16 Enter the smaller of line 4 or line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Part 2. Figuring Your Underpayment
17 Enter in col’s. a through d (respectively) the
installment dates of the 15th day of the 4th, 6th
a
b
c
d
and 9th months of the taxable year and the 1st
month of the succeeding taxable year. . . . . . . . 7
18 Divide the amount in line 6 by the number of
installments required for the year. Enter the
result in the appropriate columns . . . . . . . . . . . 8
19 Estimated taxes paid and taxes withheld for
each installment . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Overpayment of previous installment . . . . . . . 10
11 Total. Add lines 9 and 10. . . . . . . . . . . . . . . . . 11
12 Overpayment. Subtract line 8 from line 11 . . . 12
13 Underpayment. Subtract line 11 from line 8 . . . 13
Part 3. Figuring Your Underpayment Penalty
14 Enter the date you paid the amount in line 13
or the 15th day of the 4th month after the close
of the taxable year, whichever is earlier . . . . . 14
15 Number of days from the due date of installment
to the date shown in line 14. . . . . . . . . . . . . . . 15
16 Number of days in line 15 after 4/15/12 and
before 7/1/12 . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Number of days in line 15 after 6/30/12 and
before 10/1/12 . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Number of days in line 15 after 9/30/12 and
before 1/1/13 . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Number of days in line 15 after 12/31/12 and
before 4/16/13 . . . . . . . . . . . . . . . . . . . . . . . . . 19
20 Underpayment in line 13 × (number of days in
line 16 ÷ 365) × 4% . . . . . . . . . . . . . . . . . . . . . 20
21 Underpayment in line 13 × (number of days in
line 17 ÷ 365) × 4% . . . . . . . . . . . . . . . . . . . . . 21
22 Underpayment in line 13 × (number of days in
line 18 ÷ 365) × 4% . . . . . . . . . . . . . . . . . . . . . 22
23 Underpayment in line 13 × (number of days in
line 19 ÷ 365) × 4% . . . . . . . . . . . . . . . . . . . . . 23
24 Penalty. Add all amounts shown in lines 20 through 23. Enter this amount on Form 2, line 66 . . . . . . . . . . . . . . . . . . . . . 24
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