Ohio Form It/sd 2210 - Interest Penalty On Underpayment Of Ohio Or School District Income Tax - Long Method - 2013 Page 11

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IT/SD 2210 Long

Rev. 1/14

Notes for Part I and Part II

Note 1 (for pages 2 and 3): Some individuals may avoid the inter-

year), and ﬁ le the annual individual income tax return and school

district income tax return and pay all remaining tax due on or

est penalty if they combine their state income tax with their school

before the 15th day of the fourth month following the close of the

district income tax and then determine if any of the following three

taxpayer’s taxable year (for calendar year taxpayers, this would

circumstances applies:

be April 15 of the year immediately following the taxable year).

(a) The sum of (i) the taxpayer’s state income tax liability for the

If this date falls on a Saturday, Sunday or holiday, then the due

current year (2013 Ohio form IT 1040, line 17 or IT 1040EZ,

date becomes the ﬁ rst business day immediately following such

due date.

line 14) and (ii) the taxpayer’s school district income tax liability

(2013 Ohio form SD 100, line 4) minus the taxpayer’s combined

Under this second option the taxpayer has the election to extend

withholdings, refundable credits and combined overpayment

the ﬁ ling of the Ohio income tax return and the school district

credit carryovers from year 2012 is $500 or less.

income tax return if the taxpayer has received from the IRS an

extension of time to ﬁ le the federal income tax return. Note that

(b) The sum of (i) the taxpayer’s combined withholdings, (ii)

there is no extension of time to pay the taxes due. See Ohio

combined refundable credits and (iii) combined overpayment

Administrative Code Rule 5703-7-05, which addresses the

credit carryovers from 2012 is equal to or greater than the sum

imposition of interest and penalties (and safe harbors to avoid

of (i) the taxpayer’s state income tax liability for the immediately

penalties) for taxpayers who fail to pay all taxes due by the

preceding year (2012 Ohio form IT 1040, line 15 or IT 1040EZ,

unextended due date.

line 12) and (ii) the taxpayer’s school district income tax liability

for the immediately preceding year (2012 Ohio form SD 100,

If the taxpayer qualiﬁ es for and chooses Option 1, enter -0- on Ohio

line 7).

form IT/SD 2210, page 1 and print “Option 1.” Also, enter -0- on the

interest penalty line on both Ohio form IT 1040 and form SD 100.

When mailing Ohio form IT 1040, SD 100 or SD 100E, include page

combined refundable credits and (iii) combined overpayment

credit carryovers from 2012 is equal to or greater than the sum

1 of this form. Please also provide documentation showing that the

of 90% of the taxpayer’s state income tax liability for the current

taxpayer is a farmer.

year (2013 Ohio form IT 1040, line 17 or IT 1040EZ, line 14)

If the taxpayer qualiﬁ es for and chooses Option 2, do not complete

and 90% of the taxpayer’s school district income tax liability for

columns A, B and C on page 3, but print “Option 2” on line 8 across

the current year (2013 Ohio form SD 100, line 4).

columns A, B and C. Complete column D on page 3 to determine if

If this note applies to you, modify this form accordingly and include

there is any interest penalty due. Enter on page 1 of Ohio form IT/

SD 2210 (on the “total interest penalty due” line) and on line 18 of

with Ohio forms IT 1040 and SD 100 a copy of the modiﬁ ed Ohio

Ohio form IT 1040 the amount shown on page 3, line 9, column D

form IT/SD 2210.

of this form. Follow the same procedures with respect to Ohio form

The above provisions also apply to estates. If these provisions

SD 100 or SD 100E.

apply to an estate, modify this form accordingly and include with

Taxpayers that choose either of these options should include

Ohio forms IT 1041 and SD 100E a copy of the modifed Ohio form

documentation with their Ohio income tax return (form IT 1040

IT/SD 2210.

or IT 1040EZ) verifying their farming and/or ﬁ shing activities.

Documentation should include page 1 of the taxpayer’s federal

Note 2 (for pages 2 and 3): Special Rule for Farmers and

return and the federal Schedule E and/or Schedule F.

Fishermen

Ohio Administrative Code Rule 5703-7-04 provides two options

Note 3 (for page 3, line 3): Information release #IT-2006-01, issued

for each taxpayer for whom at least two-thirds of gross income is

March 2006, discusses how the Ohio Department of Taxation will

from farming and ﬁ shing, as those terms are deﬁ ned under U.S.

apply married ﬁ ling jointly estimated income tax payments when

Treasury regulation sections 1.6073-1(b)(2) and (3). Such taxpayers

the spouses subsequently ﬁ le married ﬁ ling separately income tax

may choose either of the following two options instead of making

returns. As a general rule, the Ohio Department of Taxation will credit

the four estimated income tax payments:

to the “ﬁ rst spouse to ﬁ le” the entire amount of such married ﬁ ling

jointly estimated tax payments. If the amount of such married ﬁ ling

Option 1 – Make no payments of estimated tax but ﬁ le the yearly

jointly estimated tax payments exceeds the amount of tax, reduced

individual income tax return and the yearly school district income

by credits and withholdings, then the Ohio Department of Taxation

tax return and pay all tax due by the ﬁ rst day of the third month

will credit the excess to the “second spouse to ﬁ le.”

following the close of the taxpayer’s taxable year (for calendar

year taxpayers, this would be March 1 of the year immediately

The “ﬁ rst to ﬁ le” rule discussed in the information release applies only

following the taxable year). If this date falls on a Saturday, Sunday

for purposes of determining either additional tax due or a tax refund

or holiday, then the payment of tax and the ﬁ ling of the income

and does not apply for purposes of computing interest penalty, if any,

tax return are due on the ﬁ rst business day immediately following

due. So, for purposes of computing the Ohio Revised Code section

the ﬁ rst day of the third month following the close of the taxable

5747.09 interest penalty, spouses who remit married ﬁ ling jointly

year.

estimated tax payments but who ﬁ le married ﬁ ling separately income

Option 2 – Pay all estimated tax (90% of the current taxable

tax returns, may allocate in any manner those estimated payments.

year’s tax or 100% of the immediately preceding taxable year’s

That is, for purposes of completing this form, the spouses need not

follow the “ﬁ rst to ﬁ le” rule set forth in the information release.

tax) by the 15th day of the ﬁ rst month following the close of the

taxpayer’s taxable year (for calendar year taxpayers, this would

See Example 1 and Example 2 on page 12.

be Jan. 15 of the calendar year immediately following the taxable

- 11 -

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