Worksheet In-152a - Vermont Annualized Income Installment Method For Underpayment Of 2012 Estimated Individual Income Tax - 2012
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1Annualized Income Installment Method for
2012
WORKSHEET
Attach a copy
152A
IN-
Underpayment of 2012 Estimated Individual Income Tax
of your Federal
VERMONT
Form 2210,
Please Print or Type
pages 1-4
Taxpayer’s Social Security Number
Spouse or CU Partner Social Security Number
-
-
-
-
Taxpayer’s Last Name
First Name
Initial
Spouse or CU Partner Last Name
First Name
Initial
0 0
1. 90% of 2012 VERMONT TAX MINUS CREDITS:
,
,
.
(IN-111, Line 26 minus the sum of Lines 31c, 31d, and 31g multiplied by 90%). . . . . . . . . . . . . . . . . . 1.
0 0
2. 100% of 2011 VERMONT TAX MINUS CREDITS:
,
,
.
(IN-111, Line 26 minus Lines 31c, 31d, and 31g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
0 0
,
,
.
3. Enter the lesser of Line 1 or Line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
0 0
,
,
.
4. Enter the amount from Federal Form 2210, Page 1, Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
DUE DATES OF QUARTERLY PAYMENTS
April 15, 2012
June 15, 2012
Sept. 15, 2012
Jan. 15, 2013
Totals
CALCULATION OF UNDERPAYMENT
5.
Tax payments required per quarter from
Federal Form 2210, Page 4, Line 25 . . . . . . . . . . . . . . . .
______________________________________________________
6.
Vermont payment due. (Divide Line 5 by Line 4,
then multiply by Line 3.) . . . . . . . . . . . . . . . . . . . . . . . . .
______________________________________________________
7a. From 2012 Form IN-111, add Lines 31a, 31e, and 31f,
then multiply by .25 per quarter . . . . . . . . . . . . . . . . . . . .
______________________________________________________
7b. Enter 2011 overpayment and quarterly estimated
payments made by the due date per quarter. . . . . . . . . . .
______________________________________________________
7c. Add Lines 7a and 7b. Each quarter should not equal
more than Line 6, apply any excess to the next quarter . .
______________________________________________________
8.
Underpayment per quarter (Subtract Line 7c from
Line 6). This line cannot be less than zero. . . . . . . . . . . .
______________________________________________________
9.
Date FULL payment was made or April 15, 2013,
whichever date is earlier. . . . . . . . . . . . . . . . . . . . . . . . . .
CALCULATION OF INTEREST
10a. Number of days AFTER the due date to the date reported
on Line 9 for each quarter, or Jan. 1, 2013, whichever
date is earlier. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
______________________________________________________
10b. Number of days FROM Jan. 1, 2013 to the date payment
was made on Line 9 for each quarter, or April 15, 2013,
whichever date is earlier. 4th quarter: Use number of
days from Jan. 15, 2013. . . . . . . . . . . . . . . . . . . . . . . . . .
______________________________________________________
11a. Interest due for 2012 (Divide Line 10a by 365, multiply
by 4.8%, then multiply by Line 8) . . . . . . . . . . . . . . . . . .
______________________________________________________
11b. Interest due for 2013 (Divide Line 10b by 365, multiply
by 5.6%, then multiply by Line 8) . . . . . . . . . . . . . . . . . .
______________________________________________________
12. Interest due per quarter (Add Lines 11a and 11b) . . . . . .
13. Total underpayment interest due (Add Line 12 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13.
CALCULATION OF PENALTY
14. Number of months FROM the due date of that quarter to
the date shown on Line 9 (a portion of a month counts
as a whole month) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
______________________________________________________
15. Penalty due per quarter (Multiply Line 14 by .01 (1%)
then by Line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
______________________________________________________
16. Total underpayment penalty due (Add Line 15 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16.
TOTAL INTEREST AND PENALTY
17. Total underestimated interest and penalty due (Add Line 13 total and Line 16 total) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17.
Worksheet IN-152A
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