Schedule M15np - Additional Charge For Underpayment Of Estimated Tax - 2016

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M15NP
Additional Charge for Underpayment of Estimated Tax 2016
For tax-exempt organizations, cooperatives, homeowners associations and political organizations with
unrelated business income.
Complete this schedule if your total tax is more than $500 or you did not pay the correct amount of estimated tax by the due dates.
Name of Organization
FEIN
Minnesota Tax ID
Check installment method used on this schedule (must check one box):
Standard Installment Method
Adjusted Seasonal Installment Method
Annualized Income Installment Method
You must round amounts
to nearest whole dollar.
1 Enter your 2016 total tax liability (from 2016 M4NP, line 13 minus line 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
If $500 or less, do not complete this form. You owe no additional charge.
2 Enter your 2015 regular tax (from 2015 Form M4NP, line 13 minus line 16) . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Required annual payment. Enter the amount from line 1 or line 2, whichever is less . . . . . . . . . . . . . . . . . . . 3
Exceptions: If you did not file a 2015 return or filed a return for less than a full 12-month period in
the preceding tax year, or you did not have a 2015 tax liability, you must enter the amount from line 1.
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
4 Enter the due dates . . . . . . . . . . . . . . . . . . . . . . . 4
5 Required installments (see instructions) . . . . . . 5
6 Amount paid each period (see instructions) . . . 6
Complete lines 7–13 for one column before
completing the next column. For the first column
only, enter the amount from line 6 on line 10.
7 Enter the amount from line 13 of the previous column . . . . . . . . . . . . 7
8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Add lines 11 and 12 of the previous column . . . . . . . . . . . . . . . . . . . . 9
10 Subtract line 9 from line 8.
If less than zero, enter zero . . . . . . . . . . . . . . . . 10
11 Remaining underpayment from previous
period. If line 10 is zero, subtract line 8
from line 9. Otherwise, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 UNDERPAYMENT. If line 10 is less than or
equal to line 5, subtract line 10 from line 5,
enter the result and go to line 6 of the next
column. Otherwise, go to line 13 . . . . . . . . . . . . 12
13 OVERPAYMENT. If line 5 is less than line 10,
subtract line 5 from line 10 and enter the
result. Go to line 6 of the next column . . . . . . . 13
14 Date underpayment is paid or regular due
date of 2016 return, whichever is earlier . . . . . 14
15 Number of days from the due date on
line 4 to the date on line 14 . . . . . . . . . . . . . . . 15
16 Additional charge
(line 15 ÷ 365 × .03 × line 12) . . . . . . . . . . . . . 16
17 TOTAL. Add amounts on line 16. Enter this amount on M4NP, line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Attach this schedule to Form M4NP.
9995

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