Form Sc2210 - Underpayment Of Estimated Tax By Individuals, Estates, And Trusts - 2012

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STATE OF SOUTH CAROLINA
1350
1350
SC2210
DEPARTMENT OF REVENUE
(Rev. 1/30/13)
UNDERPAYMENT OF ESTIMATED TAX
3098
BY INDIVIDUALS, ESTATES, AND TRUSTS
2012
Attach to SC1040 or SC1041
Name(s) as shown on SC1040 or SC1041
Social Security Number
Do You Have To File SC2210?
Yes
Complete lines 1 through 6 below. Is line 6 less than $100?
Do not file SC2210. You do not owe a penalty
No
Yes
Complete lines 7 and 8 below. Is line 5 equal to or
You do not owe a penalty. Do not file SC2210 (but if box E
more than line 8?
in Part II applies, you must file page 1 of SC2210).
No
Yes
You may owe a penalty. Does any box in Part II below apply?
You must file SC2210. Does box B, C, or D in Part II apply?
Yes
No
No
You must figure your penalty.
Do not file SC2210. You are not required to figure your
You are not required to figure your penalty because the
penalty because the Department will figure it and send you a
Department will figure it and send you a bill for any unpaid
bill for any unpaid amount. If you want to figure it, you may
amount. If you want to figure it, you may use Part III or Part
file Part III or Part IV as a worksheet and enter your penalty
IV as a worksheet and enter your penalty amount on your tax
amount on your tax return, but do not file SC2210.
return, but file only page 1 of SC2210.
Required Annual Payment
Part I
1
Enter your 2012 tax after credits from SC1040, line 15 or SC1041, line 13 . . . . . . . . . . . . . . . . . . . . . . .
1
2
2
Enter total of refundable credits from SC1040, lines 21 and 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Current year tax. Subtract line 2 from line 1. If less than $100, stop; you do not owe a penalty. Do not
3
file SC2210 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4
Multiply line 3 by 90% (.90). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Withholding taxes. Add SC1040, lines 16, 19, and 20. Do not include any estimated tax payments or
5
amounts paid with request for extension on this line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Subtract line 5 from line 3. If the result is less than $100, stop; you do not owe a penalty. Do not file
6
SC2210 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7
Enter the tax shown on your 2011 tax return (110% of that amount if the adjusted gross income shown
on that return is more than $150,000, or, if married filing separately for 2012, more than $75,000) . . . .
8
8
Required annual payment. (Enter the smaller of line 4 or line 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Next: Is line 8 more than line 5?
No. You do not owe a penalty. Do not file SC2210 unless box E below applies.
Yes. You may owe a penalty, but do not file SC2210 unless one or more boxes in Part II below applies.
If box B, C, or D applies, you must figure your penalty and file SC2210
If only box A or E (or both) applies (but not B, C, or D), file only page 1 of SC2210. You are not required to figure your
penalty; the Department will figure it and send you a bill for any unpaid amount. If you want to figure your penalty, you may
use Part III or IV as a worksheet and enter your penalty on your tax return, but file only page 1 of SC2210.
30981021

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