Form 80-320-12-8-1-000 - Mississippi Individual Income Tax Interest And Penalty Worksheet Page 2

Download a blank fillable Form 80-320-12-8-1-000 - Mississippi Individual Income Tax Interest And Penalty Worksheet in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 80-320-12-8-1-000 - Mississippi Individual Income Tax Interest And Penalty Worksheet with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Form 80-320-12-8-2-000 (Rev. 08/2/12)
Mississippi
Individual Income Tax
Interest and Penalty Worksheet Instructions
Use Form 80-320 if your 2012 Mississippi Income Tax Liability exceeds $200 to calculate interest on underpayment of estimated tax.
This form is also used to calculate late payment interest and penalty, and the late filing penalty for the Resident Individual Income Tax
Return (Form 80-105) and the Non-Resident/Part-Year Resident Return (Form 80-205).
Specific Line Instructions
Underestimate
Line 1
Enter Your 2012 Mississippi Income Tax Liability from Form 80-105, Line 25, Resident Individual Income Tax Return OR
from Form 80-205, Line 25, of the Non-Resident / Part Year Income Tax Return. If your 2012 Mississippi Income Tax
Liability is $200 or less, do not complete the remainder of this form; no interest is due on underestimate of tax.
Line 3
Enter Your 2011 Mississippi Income Tax Liability from Form 80-105, Line 22 Minus Line 25 and Line 26, Resident
Individual Income Tax Return OR from Form 80-205, Line 22 Minus Line 25, Non-Resident / Part-Year Individual
Income Tax Return.
Line 4
Enter the lesser of Line 2 or Line 3. If Line 3 is zero and your 2012 Mississippi Income Tax Liability (Line 2) exceeds $200
and no estimate payments for the 2012 tax year were made, enter the amount from Line 2.
Late Filing Penalty
Line 14
Enter Late Filing Penalty Due. Add penalty of 5% per month, not to exceed 25% in the aggregate, from the extension
due date of the return, October 15th, on the amount of tax due in Line 13. The penalty shall not be less than $100.
Late Payment Interest and Penalty
Line 16 Enter Late Payment Interest Due. Add interest of 1% per month from the original due date of the return, April 15th, on the
amount of tax due from Line 15.
Line 17
Enter Late Payment Penalty Due. Add penalty of 1/2% per month, not to exceed 25% in the aggregate, from the
original due date of the return, April 15th, on the amount of tax due from Line 15.

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Form 80-320-14-8-1-000 - Mississippi Individual Income Tax Interest And Penalty Worksheet Form 80-320-14-8-1-000 - Mississippi Individual Income Tax Interest And Penalty Worksheet Financial
Form 80-320-17-8-1-000 - Mississippi Individual Income Tax Interest And Penalty Worksheet Form 80-320-17-8-1-000 - Mississippi Individual Income Tax Interest And Penalty Worksheet Financial
Form 80-115-12-8-1-000 - Mississippi Individual Income Tax Declaration For Electronic Filing - 2012 Form 80-115-12-8-1-000 - Mississippi Individual Income Tax Declaration For Electronic Filing - 2012 Financial
Form 80-491-12-8-1-000 - Mississippi Individual Income Tax Statement Of Additional Dependents - 2012 Form 80-491-12-8-1-000 - Mississippi Individual Income Tax Statement Of Additional Dependents - 2012 Financial
Form 80-491-17-8-1-000 - Mississippi Individual Income Tax Statement Of Additional Dependents - 2017 Form 80-491-17-8-1-000 - Mississippi Individual Income Tax Statement Of Additional Dependents - 2017 Financial
80-320 Form Mississippi Individual Income Tax Interest And Penalty Worksheet 80-320 Form Mississippi Individual Income Tax Interest And Penalty Worksheet Financial
Form 80-106-12-8-1-000 - Mississippi Individual / Fiduciary Income Tax Payment Voucher Form 80-106-12-8-1-000 - Mississippi Individual / Fiduciary Income Tax Payment Voucher Financial
Form 81-110-12-8-1-000 - Mississippi Fiduciary Income Tax Return (for Estates And Trusts) - 2012 Form 81-110-12-8-1-000 - Mississippi Fiduciary Income Tax Return (for Estates And Trusts) - 2012 Financial
Form 84-387-12-8-1-000 - Mississippi Partnership Income Tax Withholding Voucher Form 84-387-12-8-1-000 - Mississippi Partnership Income Tax Withholding Voucher Financial
Form 83-300-12-8-1-000 - Mississippi Corporate Income Tax Voucher Form 83-300-12-8-1-000 - Mississippi Corporate Income Tax Voucher Financial

Related Categories

Parent category: Financial
Download
Go
Page of 2