Form 740np-Wh-P - Underpayment And Late Payment Of Estimated Tax On Form 740np-Wh (Page 2 of 4) in pdf

740NP-WH-P

Page 2

*1400010334*

40A201-WHP (10-14)

Commonwealth of Kentucky

DEPARTMENT OF REVENUE

➤ See instructions.

PART II—LATE PAYMENT INTEREST

(1) Enter from Form 740NP-WH, line 9 the total tax liability of individual partners, members or

shareholders whose liability exceeds $500 .........................................................................................................

(2) Enter from Form 740NP-WH, line 9 the total tax liability of corporate partners and members whose

liability exceeds $5,000 .........................................................................................................................................

(3) Multiply the number of corporate partners or members included on Part II, line (2) by $5,000 ....................

(4) Enter line 2 less line 3 ...........................................................................................................................................

PAYMENT DUE DATES

4/15/14

6/15/14

9/15/14

12/15/14

1/15/15

(5) Required individual installments:

Enter 25% of line 1 in columns

A, B, C and E .........................................

(6) Required corporate installments:

Enter 50% of line 4 in column B and

25% of line 4 in columns C and D........

(7) Add lines 5 and 6 in each column .......

(8) Estimated tax paid for each period.

For column A only, enter the amount

from line 8 on line 12 ............................

(9) Enter the amount, if any, from line

15 of the preceding column .................

(10) Add lines 8 and 9 .................................. 10

(11) Add amounts, if any, from lines 13

and 14 of the preceding column ..........

(12) Subtract line 11 from line 10. If zero

or less, enter -0- .................................... 12

(13) If the amount on line 12 is zero,

subtract line 10 from line 11.

Otherwise, enter -0- .............................. 13

(14) Underpayment. If line 12 is less than

or equal to line 7, subtract line 12

from line 7 ............................................. 14

(15) Overpayment. If line 7 is less than

line 12, subtract line 7 from line 12 ..... 15

(16) Enter date the underpayment on

line 14 was paid or the 15th day of

the 4th month after the close of the

taxable year, whichever is earlier ........ 16

(17) Interest on the tax underpayment on

line 14 .................................................... 17

(18) INTEREST DUE: Add amounts on line 17, columns A through E. Enter on this line and on

Form 740NP-WH (see instructions) ....................................................................................................................... 18

Form 740np-Wh-P - Underpayment And Late Payment Of Estimated Tax On Form 740np-Wh Page 2

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