Form Nyc-221 - Underpayment Of Estimated Unincorporated Business Tax - 2017
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4-221
UNDERPAYMENT OF ESTIMATED
2017
UNINCORPORATED BUSINESS TAX
TM
Department of Finance
ATTACH TO YOUR TAX RETURN
For CALENDAR YEAR 2017 or FISCAL YEAR beginning ___________________, 2017 and ending _________________________
Print or Type
t
Name
PARTNERSHIPS, ESTATES AND TRUSTS ONLY
ENTER EMPLOYER IDENTIFICATION NUMBER
SOCIAL SECURITY NUMBER
OR
Computation of Underpayment
1.
2017 tax (from NYC-202 or NYC-202EIN, Schedule A, line 19; NYC-204, Schedule A, line 21; or NYC-202S,
Schedule A, line 8) ......................................................................................................................................................... 1.
2.
Credits (from NYC-202 or NYC-202EIN, Schedule A, lines 20a, 20b, 20c, 20d and 20e or NYC-204, Schedule A,
lines 22a,22b, 22c, 22d and 22e)................................................................................................................................... 2.
3.
Line 1 less line 2 ........................................................................................................................................................... 3.
4.
90% of line 3 ................................................................................................................................................................. 4.
1 -
2 -
3 -
4 -
Enter quarterly due dates of installments
FIRST
SECOND
THIRD
FOURTH
’
5.
Divide amount of line 4 by the number of installments required
for the year. Enter the result in the appropriate columns................... 5.
6.
Amount paid or credited for each period ............................................ 6.
Overpayment of previous installment (see instructions)..................... 7.
7.
8.
Total of lines 6 and 7 .......................................................................... 8.
9.
Overpayment (line 8 less line 5)......................................................... 9.
10.
Underpayment (line 5 less line 8) ..................................................... 10.
COMPUTATION CONTINUES ON PAGE 2
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Exceptions that Avoid the Underpayment Penalty
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2 -
3 -
4 -
Total cumulative amount paid or credited from the beginning of the
FIRST QUARTER
SECOND QUARTER
THIRD QUARTER
FOURTH QUARTER
taxable year through the installment dates that correspond to the 15th
day of the 4th, 6th and 9th months of the taxable year and the 15th day
of the first month of the succeeding taxable year..........................................
75% of 2016 tax
25% of 2016 tax
50% of 2016 tax
100% of 2016 tax
1
- Prior year's tax (2016)
$
EXCEPTION
s
(see instructions) ...................................................................................................
Enter 25% of tax
Enter 50% of tax
Enter 75% of tax
Enter 100% of tax
2
-Tax on prior year's facts and law using 2017 rates
EXCEPTION
s
...........................................................
(attach computation) (see instructions)
Enter 45% of tax
Enter 22.50% of tax
Enter 67.50% of tax
3
- Tax on annualized 2017 income
EXCEPTION
s
(attach computation) (see instructions) ...................................................................
Enter 90% of tax
Enter 90% of tax
Enter 90% of tax
4 -
Tax on 2017 income over short periods
EXCEPTION
s
(attach computation) (see instructions) ...................................................................
5 -
Tax on recurring seasonal 2017 income
EXCEPTION
s
(attach computation) (see instructions) ...................................................................
6 511791
NYC-221 2017
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