Looking for a Ohio Tax Forms And Templates? Download it for free!

IT/SD 2210 Short

Taxpayer’s name

Taxpayer’s SSN

Rev. 1/14

Calculating the Ohio Form IT/SD 2210 Interest Penalty – Short Method

Use this form to calculate interest penalty on underpayment of taxes and to show the exceptions where no interest penalty is

due.

1. 2013 tax after all nonrefundable credits (from 2013 Ohio forms IT 1040EZ, line 14; IT 1040, line 17;

IT 1040X, line 16, as amended; SD 100, line 4; and SD 100X, line 6, as amended) .......................................... 1.

2. 2013 taxes withheld by others, refundable credits and overpayment credit carryover from 2012

(do not

include estimated tax payments on this line)....................................................................................................... 2.

3. Line 1 minus the amount on line 2 (if less than zero, enter -0-) .......................................................................... 3.

Is line 3 less than or equal to $500?

Yes

If the answer is yes, STOP. You have no interest penalty.

If the answer is no, continue to line 4.

4. Multiply line 1 by 90% (.90) .................................................................................................................................. 4.

Is line 2 greater than or equal to the amount on line 4?

Yes

If the answer is yes, STOP; you have no interest penalty.

If the answer is no, continue to line 5.

5. 2012 income tax after all nonrefundable credits (from 2012 Ohio forms IT 1040EZ, line 12; IT 1040, line 15;

IT 1040X, line 14, as amended; SD 100, line 6; and SD 100X, line 6, as amended) .......................................... 5.

Is line 2 greater than or equal to the amount on line 5?

Yes

If the answer is yes, STOP; you have no interest penalty.

If the answer is no, continue to line 6

6. Amount shown on line 1 above ........................................................................................6.

< $500 >

7. Statutory amount ..............................................................................................................7.

8. Line 6 minus line 7 .............................................................................................................................................. 8.

9. Required annual payment. Enter the smallest of line 4, line 5 or line 8 .............................................................. 9.

Short method

You may use the short method only if you paid no estimated tax payments or if (i) you paid estimated tax in equal amounts on or before

the due dates and (ii) you claim any overpayment credit carryover amount in equal amounts on the due dates.

10. 2013 estimated payments .................................................................................................................................10.

11. Add lines 2 and 10............................................................................................................................................. 11.

12. Subtract line 11 from line 9 ................................................................................................................................12.

.019890

13. Factor ................................................................................................................................................................13.

14. Multiply line 12 by the factor on line 13. Enter the result here, on page 1 of this form and on the interest

penalty line on the corresponding Ohio forms IT 1040EZ, IT 1040, IT 1040X, SD 100 or SD 100X .................14.

Do not include on this line any portion of the overpayment credit carryforward from 2012 to the extent that the overpayment is attributable to year 2012 income tax that you paid

after April 15, 2013. Rather, include that portion on line 10.

- 2 -