Form Rev-1630a As - Underpayment Of Estimated Tax By Individual Farmers - 2012 Page 4

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REV-1630A AS (01-13) (FI)

UNDERPAYMENT OF

2012

ESTIMATED TAX BY

INDIVIDUAL FARMERS

START

BUREAU OF INDIVIDUAL TAXES

HERE

Name as shown on PA-40

Social Security Number

Street Address

City or Post Office

State

ZIP Code

FARMING EXCEPTION WORKSHEET

PART A

A. Total gross income from all sources including Schedules C, F and K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Enter 66.67 percent of Line A. Multiply Line A by 0.6667.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Gross income from farming (exclude Schedule D income). If Line C is less than Line B, you do not qualify for the farming rules and must

complete REV-1630. If Line C is greater than Line B, continue on to Part B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

MM/DD/YY

PART B

D. Date 2012 PA-40 was filed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NOTE: If the date on Line D is after March 1, 2013, skip Lines E through I and complete PARTS I, II and/or III to determine your underpayment

and the amount of your estimated underpayment interest penalty.

E. 2012 Tax Liability from Line 12 of Form PA-40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F. Add the amounts reported on Lines 13, 17, 21, 22 and 23 of Form PA-40.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

G. Subtract Line F from Line E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

H. Add the amounts on Lines 14, 15 and 26 of your 2012 PA-40 and subtract the amount from Line 25 of your 2012 PA-40 and enter the result here.

If the amounts appearing on Lines 14 and 26 less Line 25 were not paid on or before March 1, 2013, or you did not file your return on or before

March 1, 2013, the estimated underpayment penalty may apply. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

I. Subtract Line H from Line G. If the result is zero or less, stop here. Otherwise, complete Parts I, II and III to determine your underpayment and the

amount of your estimated underpayment penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART I

CALCULATING YOUR UNDERPAYMENT

1a. 2012 Tax Liability from Line 12 of Form PA-40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1a.

1b. Multiply the amount on Line 1a by 0.90. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1b.

2. Add the amounts reported on Lines 13, 17, 21, 22 and 23 of Form PA-40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Subtract Line 2 from Line 1b. (If result is less than $246, stop here.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Estimated taxes paid by Jan. 15, 2013, including carryover credit from previous tax year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Underpayment. Subtract Line 4 from Line 3. If zero or less, stop here. No penalty is due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II

EXCEPTION TO INTEREST

6. Enter the amount from PART I, Line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. Enter the amount from PART I, Line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Add Lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. Enter the Taxable Income from Line 11 of your 2011 PA-40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10. Multiply Line 9 times 0.0307. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.

Compare Lines 8 and 10. If Line 8 is greater than or equal to Line 10, stop here. You do not owe an interest penalty. If Line 10 is greater than Line 8, complete PART III below.

PART III

CALCULATING THE INTEREST PENALTY. COMPLETE LINES 11 AND 12

11. Number of days after Jan. 15, 2013, to and including date of annual payment or April 15, 2013, whichever is earlier. If April 15 is earlier, enter 90.

See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11.

12. Number of days on Line 11 times 0.000082 times underpayment on Line 5. Include on Line 27 of Form PA-40. . . . . . . . . . . . . . . . . . . . . . . . . . . .

12.

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