State of Rhode Island and Providence Plantations
2014 Form RI-2210PT
14103088880101
Underpayment of Estimated Tax by Pass-through Filers
Name shown on Form RI-1096PT
Federal employer identification number
C
:
HECK THE BOX IF THE BELOW APPLIES
TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD
PART 1 - REQUIRED ANNUAL PAYMENT
1
1
2014 Rhode Island income tax from RI-1096PT, line 4................................................................................................................................
2
2
Enter 80% of the amount shown on line 1.................................................................................
3
3
Rhode Island withholding paid on behalf of reporting entity for 2014 from RI-1096PT, lines 8a and 8b ............................................
4
Subtract line 3 from line 1.
If the result is $250.00 or less, do not complete the rest of this
form........................................................
4
5
5
2013 Rhode Island tax from RI-1096PT, line 4 ....................................................................................................................................
6
6
Enter the SMALLER of line 2 or line 5..................................................................................................................................................
PART 2 - SHORTCUT METHOD
You can use this method if you meet the following conditions
(Otherwise, you must complete parts 3 and 4 to figure your underestimating
interest):
1
You made no estimated payments OR all 4 estimated payments were equal and paid by the appropriate due dates;
2
AND you did not complete RI-2210PT, part 5 (Annualized Income Installment Worksheet).
7
Enter the amount from Part 1, line 6 above.................................................................................................................
7
8
Enter the total withholding and estimated tax paid from RI-1096PT, lines 5, 7, 8a and 8b.........................................
8
9
Underpayment. Subtract line 8 from line 7.
If zero or less, enter
$0..........................................................................
9
10
Multiply line 9 by 12.0205% (.120205).........................................................................................................................
10
11
If the amount on line 9 was paid on or after 4/15/2015, enter $0
If the amount on line 9 was paid before 4/15/2015, make the following calculation:
The amount on line 9 (times) the number of days paid before 4/15/2015 (times) .00033 and enter the result here...
11
12
UNDERESTIMATING INTEREST. Subtract line 11 from line 10. Enter here and on RI-1096PT, line 10
12
Check the box on that line and attach this form to your Rhode Island return.....................................................
PAYMENT DUE DATES
PART 3 - FIGURE YOUR UNDERPAYMENT
Column A
Column B
Column C
Column D
04/15/2014
06/15/2014
09/15/2014
01/15/2015
13
Divide the amount on line 6 by four (4) and enter the result in each column.....
13
14
Annualized income installments from Part 5, line 33. NOTE: Complete lines
15 through 17 in one column before completing the next column..................
14
15
Enter the amount from line 13 or line 14 if applicable ....................................
15
16
Rhode Island tax withheld and estimated tax paid. If line 16 is equal to or
more than line 15 for all installment periods, do not complete or file this
16
form unless you report annualized income installments on line 14 ................
17
UNDERPAYMENT. Subtract line 16 from line 15 OR
OVERPAYMENT. Subtract line 15 from line 16..................................................
17
Page 1