Form Sc2210 - Underpayment Of Estimated Tax By Individuals, Estates, And Trusts - 2012 Page 2
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5SC2210 (2012)
Page 2
Part II
Reasons For Filing - Check applicable boxes. If none apply, do not file SC2210.
A
You request a waiver (see instructions for waiver of penalty) of your entire penalty. You must check this box and file page 1
of SC2210, but you are not required to figure your penalty.
B
You request a waiver (see instructions for waiver of penalty) of part of your penalty. You must figure your penalty and waiver
amount and file SC2210.
C
Your income varied during the year and your penalty is reduced or eliminated when figured using the Annualized Income
Installment Method. (see instructions). Complete federal Schedule AI for South Carolina purposes and file SC2210.
D
Your penalty is lower when figured by treating the South Carolina income tax withheld from your wages as paid on the dates it
was actually withheld, instead of in equal amounts on the payment due dates. You must figure your penalty and file SC2210.
E
You filed or are filing a joint return for either 2011 or 2012, but not for both years, and line 7 above is smaller than line 4 above.
You must file page 1 of SC2210, but you are not required to figure your penalty (unless box B, C, or D applies).
Part III
Short Method
You may use the short method if:
You made no estimated tax payments (or your only payments were South Carolina income tax withheld) or
You paid estimated tax in equal amounts on your due dates.
You must use the regular method (Part IV) instead of the short method if:
You made any estimated tax payments late, or
You checked box C or D in Part II.
Note: If any payment was made earlier than the due date, you may use the short method, but using it may cause you to pay a
larger penalty than the reqular method. If the payment was only a few days early, the difference is likely to be small.
9 Enter the amount from SC2210, line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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10 Enter the amount, if any, from SC2210, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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11 Enter the total amount, if any, of estimated tax payments you made . . . . . . . . . . .
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12 Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Total underpayment for year. Subtract line 12 from line 9. If zero or less, stop here; you do not owe
the penalty. Do not file SC2210 unless you checked box E in Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
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14 Multiply line 13 by .01992 and enter result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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If the amount on line 13 was paid on or after 4/15/13, enter -0-.
If the amount on line 13 was paid before 4/15/13, make the following computation to find
the amount to enter on line 15.
Amount on
Number of days paid
line 13
X
before 4/15/13
X
.00008 . . . . . . . . . . . . . . . .
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Penalty. Subtract line 15 from line 14. Enter the result here and on SC1040, line 33 or SC1041,
line 18.
If you are due a refund, subtract penalty from overpayment and show amount on SC1040, line 30
or SC1041, line 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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