Form Ri-2210 - Underpayment Of Estimated Tax By Individuals - 2001
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1
22001
RI-2210
Underpayment of Estimated tax by Individuals
Name(s) shown on Form RI-1040/RI-1040NR
Your social security number
PART 1 - REQUIRED ANNUAL PAYMENT
1.
1.
2001 RI income tax - RI-1040, line 13 or RI-1040NR, line 13……………………………………………………………………………………………………………..
2.
2.
Enter 80% of the amount shown on line 1…………………………………………………………………………..
3.
3.
RI withheld taxes paid for 2001 - RI-1040 or RI-1040NR, line 18A……………………………………………………………………………………………………………………
4.
4.
Subtract line 3 from line 1 - if the result is $250.00 or less do not complete the rest of this form………………………………………………………………………………………………………
5.
5.
Enter your 2000 RI tax - RI-1040, line 2 less lines 3D and 3E or RI-1040NR, line 2 less line 3D……………………………………………………………………………………………………
6.
6.
Enter the smaller of line 2 or line 5…………………………………………………………………………………………………………………………..
PART 2 - SHORTCUT METHOD
You can use this method if you meet the following conditions:
A. You made no estimated payments or all 4 estimated payments were equal and paid by the appropriate due date;
B. and you did not complete part 5 (Annualized Income Installment Worksheet) of this form.
7.
7.
Enter amount from line 6……………………………………………………………………………………………………………………………………
8.
8.
Enter the total amount of withholding tax and estimated tax you paid - RI-1040 or RI-1040NR, line 18A and 18B…………………………………………………………………………………
9.
9.
Underpayment - subtract line 8 from line 7…………………………………………………………………………………………………………..
10. Multiply line 9 X 0.079808………………………………………………………………………………………………………………………………….
10.
11. If amount on line 9 was paid on or after 4/15/02 enter $0
If amount on line 9 was paid before 4/15/02, then make the following calculation:
11.
the amount on line 9 (times) number of days paid before 4/15/02 (times) .00022 and enter result here…………………………………..
12.
12. Penalty - subtract line 11 from line 10 - enter here and in the space provided on RI-1040 or RI-1040NR, line 19.……………………………………………………………………………………
PART 3 - FIGURE YOUR UNDERPAYMENT
PAYMENTS DUE DATES
column A
column B
column C
column D
4/15/2001
6/15/2001
9/15/2001
1/15/2002
13. Divide the amount on line 6 by four (4) and enter the results in each column………………..
13.
14. Annualized income installments - part 5, line 32……………………………………………………………
14.
Note: Complete lines 15-17 for one column before completing the next column
15. Enter the amount form line 13 or line 14 if applicable………………………………………
15.
16. RI tax withheld and estimated tax paid…………………………………………………………
16.
(If line 16 is equal to or more than line 15 for all installment periods, do not complete
or file this form unless you report annualized income installment on line 14)
17. Underpayment (subtract line 16 from line 15) OR,
17.
Overpayment (subtract line 15 from line 16)………………………………………………….
PART 4 - HOW TO FIGURE THE CHARGES
18.
/
/
/
/
/
/
/
/
18. Date of payment or April 15, 2002, whichever is earlier…………………………………..
19. A. Number of days from the installment date to the date of payment or
19A.
days
days
days
December 31, 2001, whichever is earlier……………………………………………..
B. Number of days from the installment date to the date of payment or
19B.
days
April 15, 2002, whichever is earlier…………………………………………………………..
C. Number of days from January 1, 2002 to the date of payment or
19C.
days
days
days
April 15, 2002, whichever is earlier…………………………………………………………..
20. A.
Number of days on line 19A
X
12%
X
underpayment on line 17
20A.
365
B.
Number of days on line 19B
X
12%
X underpayment on line 17
20B.
365
C.
Number of days on line 19C
X
12%
X underpayment on line 17
20C.
365
21. Total amount from all columns on lines 20A, 20B and 20C
21.
enter here and in the space provided on RI-1040 or RI-1040NR, line 19………………………………………………….
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