Form 221 - Underpayment Of Estimated Tax By Individuals Instructions - 2015 Page 3
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2. F
File and pay
by February
y 1, 2016. If
you file your
r
NOT
TE: If line 12 e
equals or is mo
ore than line 11
1 in all columns
s,
A
Arizona return
by February
1, 2016, and p
pay in full the
e
you d
do not owe a p
penalty. Do not
complete the r
rest of this form
m.
a
amount stated o
on the return as
s payable, you
do not have to
o
You m
must include a c
copy of this form
m with your ret
turn.
m
make the fourth
h estimated tax
x payment. Fis
scal year filers
s
Line
es
13
thr
rough
15
-
Overpa
ayments
o
r
m
must file and p
pay by the last
t day of the mo
onth following
g
Und
erpayments
th
he close of the
e fiscal year.
Com
mplete lines 13
through 15 fo
or one payment
t period befor
e
F
For calendar y
year filers, bec
ause January
31, 2016, falls
s
you g
go to the next p
period.
o
on a Sunday,
you have unt
til February 1
1, 2016, to file
e
If you
u have an over
rpayment on li
ne 15 for the p
period, you may
y
y
your return an
nd pay in full
ll the amount
stated on the
e
apply
y it to a prior p
period underpa
ayment to stop
p the accrual o
of
r
return as payab
ble.
penal
lty on that und
derpayment. If
you apply an o
overpayment in
n
3.
F
Farmer or fi
isherman. If
you report as
s a farmer or
r
this m
manner, use th
he date the ove
rpayment was
paid when you
u
f
fisherman for
federal purpos
ses, you only
have to make
e
figur
re the penalty
on the underp
ayment on lin
e 15. You may
y
o
one installment
t for a taxable
e year. The du
ue date for this
s
then
carry the rem
mainder of the
overpayment
forward to lin
e
in
nstallment for
a calendar yea
ar filer was Jan
nuary 15, 2016
.
13 of
f the next perio
od. If you do n
not choose to s
stop the accrua
al
T
The due date f
for a fiscal yea
ar filer is the 1
5th day of the
e
of pe
enalty on a pri
ior underpaym
ment, you may
carry the entir
e
f
first month aft
ter the end of
the fiscal yea
ar. You do not
t
overp
payment forwa
ard to line 13 o
of the next peri
od.
h
have to make th
his payment if
f you file your
Arizona return
n
o
on or before M
March 1, 2016,
, and pay in fu
ull the amount
t
Par
rt B - Und
derpaymen
nt of Estim
mated Tax
x
s
stated on the re
eturn as payabl
le. Fiscal year
filers must file
e
Pen
nalty
a
and pay on or b
before the first
t day of the thi
ird month after
r
Com
mpute the penal
lty by applyin
ng the applicab
ble rate to each
h
th
he end of the f
fiscal year.
unde
erpayment. Com
mpute the pen
nalty for the n
number of day
ys
4. N
Nonresident al
lien. If you are
e an individual
l who elects to
o
that t
the underpaym
ment remained
unpaid. The p
penalty is equa
al
b
be treated as a n
nonresident ali
ien on the fede
eral income tax
x
to th
he interest that
t would accru
e on the unde
erpayment. Th
e
r
return, you may
y make three e
estimated paym
ments. The due
e
penal
lty cannot be
e more than
10% of the
underpayment
t.
d
dates for the
ese installmen
nts were Jun
ne 15, 2015,
,
Calcu
ulate this pena
alty like interes
t.
S
September 15,
2015, and J
January 15, 20
016. The first
t
Do n
not round pena
alty amounts c
calculated in P
Part B, lines 18
8,
in
nstallment mu
ust have equale
ed 50% of the
e total required
d
21, 2
24, and 27 to th
he nearest who
ole dollar.
p
payments.
The
penalty rates a
are established
d at various tim
mes during th
e
Line
12 - Estimat
ted Tax Paid
and Withhel
ld
year.
. The rate for
the first quart
er of 2016 (Ja
anuary 1, 2016
6,
Enter
r the estimated
d tax payments
you made plu
us any Arizona
a
throu
ugh March 31,
, 2016) was no
ot established b
by the time th
e
incom
me tax withheld
d for that quart
ter.
depar
rtment printed
d this form. T
To get the int
terest rate tha
at
appli
ies from Januar
ary 1, 2016 to A
April 18, 2016,
, call one of th
e
In co
lumn (a), ente
er the tax paym
ments you mad
de by April 15,
,
numb
bers listed on p
page 1 of these
e instructions.
2015,
, that were for
r the 2015 tax
x year. In colu
umn (b), enter
r
paym
ments you made
e after April 1
5 through Jun
ne 15, 2015. In
n
NOT
TE: If you hav
ve not paid the
e underpaymen
nt by Decembe
er
colum
mn (c), enter p
payments you
made after J
June 15, 2015,
,
31,
2015, the ou
utstanding pe
enalty that re
elates to tha
at
unde
erpayment will
compound on
January 1, 201
16.
throu
ugh September
15, 2015. In
column (d), e
enter payments
s
you m
made after Se
eptember 15,
2015, through
h January 15,
,
Use l
lines 16 throug
gh 29 to comp
pute the penalt
ty for each rat
e
2016.
.
perio
od. List your p
payments to fig
gure the penalt
ty applicable to
o
When
n figuring you
ur payment dat
tes and the am
mounts to enter
r
these
e installments.
on lin
ne 12 of each c
olumn, apply t
the following r
rules:
TABLE
E 1
1. I
Include ¼ of y
your Arizona i
income tax wi
ithheld in each
h
Payments a
after 4/15/201
15 through 6/
/30/2015
c
column. The de
epartment cons
siders you to h
have paid ¼ of
f
Date
Paym
ment
A
Arizona incom
me tax withheld
d on each pay
yment due date
e
u
unless you can
show otherwis
se.
2. I
Include in you
ur estimated
tax payments
any Arizona
a
o
overpayment o
of tax from y
your 2014 re
eturn that you
u
e
elected to apply
y to your Ariz
ona 2015 estim
mated tax. You
u
s
should report th
his amount in c
column (a).
TABLE
E 2
Payments a
after 6/30/201
15 through 9/
/30/2015
3. I
If you file your
r return and pa
ay the tax due b
by February 1,
,
Date
Paym
ment
2
2016, include o
on line 12, co
lumn (d), the
amount of tax
x
y
you pay with y
your return. In
this case, you
will not owe a
a
p
penalty for the
payment due b
by February 1,
2016.
3
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