Ohio Form It/sd 2210 - Interest Penalty On Underpayment Of Ohio Or School District Income Tax - Long Method - 2013 Page 2

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IT/SD 2210 Long

Taxpayer’s name

Taxpayer’s SSN or FEIN

Rev. 1/14

Part I – Calculating the Required Annual Payment – Long Method

Use this form to calculate interest penalty on underpayment of taxes and to show the exceptions where no interest penalty is

due. Individuals and estates subject to school district income tax should see Note 1 on page 11.

Check here if you engage in farming or ﬁ shing activities and see Note 2 on page 11.

1. 2013 Ohio income tax after all nonrefundable credits (from 2013 Ohio forms IT 1040EZ, line 14;

IT 1040, line 17; IT 1040X, line 16, as amended; SD 100, line 4; SD 100X, line 6, as amended;

SD 100E, line 3; IT 1041, line 11; IT 1140, line 1, the sum of both columns; IT 4708, line 12) ...................1.

2. 2013 Ohio income taxes withheld by others, refundable credits and overpayment credit carryover from

2012 (do not include estimated tax payments on this line).

Note: For Ohio form IT 1140, there are no

taxes withheld by others and no refundable credits other than last year’s tax overpayment credited to

this year ....................................................................................................................................................2.

3. Line 1 minus the amount on line 2 (if less than zero, enter -0-) ...............................................................3.

Is line 3 less than or equal to $500?

Yes

If the answer is yes, STOP. You have no interest penalty.

If the answer is no, continue to line 4.

4. Multiply line 1 by 90% (.90) .......................................................................................................................4.

Is line 2 greater than or equal to the amount on line 4?

Yes

If the answer is yes, STOP; you have no interest penalty.

If the answer is no, continue to line 5.

5. 2012 Ohio income tax after all nonrefundable credits (from 2012 Ohio forms IT 1040EZ, line 12;

IT 1040, line 15; IT 1040X, line 14, as amended; SD 100, line 6; SD 100X, line 6, as amended;

SD 100E, line 3; IT 1041, line 11; IT 1140, line 1, the sum of both columns; IT 4708, line 12) ................5.

Is line 2 greater than or equal to the amount on line 5?

Yes

If the answer is yes, STOP; you have no interest penalty.

If the answer is no, continue to line 6

6. Amount shown on line 1 above ...............................................................6.

< $500 >

7. Statutory amount .....................................................................................7.

8. Line 6 minus line 7 ...................................................................................................................................8.

9. Required annual payment. Enter the smallest of lines 4, 5 or 8. Please continue to page 3, line 1 ........9.

Do not include on this line any portion of the overpayment credit carryforward from 2012 to the extent that the overpayment is attributable

to year 2012 Ohio income tax that you paid after April 15, 2013.

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