Form MO-2210 "Underpayment of Estimated Tax by Individuals" - Missouri

Form MO-2210 or the "Underpayment Of Estimated Tax By Individuals" is a form issued by the Missouri Department of Revenue.

Download a fillable PDF version of the Form MO-2210 down below or find it on the Missouri Department of Revenue Forms website.

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Download Form MO-2210 "Underpayment of Estimated Tax by Individuals" - Missouri

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Missouri Department of Revenue
Department Use Only
2017 Underpayment of Estimated
(MM/DD/YY)
Form
Tax By Individuals
MO-2210
Attach this form to Form MO-1040.
Social Security Number
Spouse’s Social Security Number
-
-
-
-
Taxpayer Name
Spouse’s Name
Address, City, State, and ZIP Code
You may qualify for the Short Method to calculate your penalty. You may use the Short Method if:
a. You qualify to use the Short Method on the Federal Form 2210 or
b. All withholding and estimated tax payments were made equally throughout the year and
c. You do not annualize your income.
If (a) applies or both (b) and (c) apply to you, complete Part I, Required Annual Payment and Part II, Short Method. Otherwise, compete Part I, Required
Annual Payment and Part III, Regular Method.
1. Enter your 2017 tax after credits (Form MO-1040, Line 34 less approved credits from Line 40;
Property Tax Credit from Line 41.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Multiply Line 1 by 90% (66 2/3% for qualified farmers). . . . . . . . . . . . . . . . . . . . .
2
3. Withholding Taxes - Do not include any estimated tax payments on this line . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4. Subtract Line 3 from Line 1. If less than $500, stop here; do not complete or file this form.
You do not owe the penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5. Enter the tax shown on your 2016 tax return. If you did not file a 2016 Missouri return or only filed a Property
Tax Credit Claim, skip line 5 and enter the amount from Line 2 on Line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6. Required Annual Payment - Enter the smaller of Line 2 or Line 5 (Note: If Line 3 is equal to or more than
Line 6, stop here; you do not owe the penalty. Do not file Form MO-2210.) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7. Enter the amount, if any, from Line 3 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8. Enter the total amount, if any, of estimated tax payments you made . . . . . . . . . .
8
9. Add Lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10. Total Underpayment for Year - Subtract Line 9 from Line 6. If zero or less, stop here; you do not owe the
penalty. Do not file Form MO-2210. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11. Multiply Line 10 by .02682 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12. If the amount on Line 10 was paid on or after 04/15/18, enter 0 (zero). If the amount on Line 10 was paid
before 04/15/18, make the following computation to find the amount to enter on Line 12.
Amount on
Number of days paid
Line 10
X
before 04/15/18
X
.0001096 . . . . . . . . . . . . . . . . . . .
12
13. Penalty - Subtract Line 12 from Line 11. Enter result here and on Form MO-1040, Line 52 . . . . . . . . . . . . . . . .
13
Part II Instructions - Short Method
A. Purpose of the Form - Use this form to determine whether your income tax was sufficiently paid throughout the year by withholding or by estimated
tax payments. If it is not, you may owe a penalty on the underpaid amount.
B. Short Method - You may use the Short Method if you qualify to use the Short Method on the Federal Form 2210 or, all withholding and estimated
tax payments were made equally throughout the year and you do not annualize your income.
If you do not qualify to use the Short Method, you must use the Regular Method.
*17316010001*
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Form MO-2210 Page 1
Reset Form
Print Form
Missouri Department of Revenue
Department Use Only
2017 Underpayment of Estimated
(MM/DD/YY)
Form
Tax By Individuals
MO-2210
Attach this form to Form MO-1040.
Social Security Number
Spouse’s Social Security Number
-
-
-
-
Taxpayer Name
Spouse’s Name
Address, City, State, and ZIP Code
You may qualify for the Short Method to calculate your penalty. You may use the Short Method if:
a. You qualify to use the Short Method on the Federal Form 2210 or
b. All withholding and estimated tax payments were made equally throughout the year and
c. You do not annualize your income.
If (a) applies or both (b) and (c) apply to you, complete Part I, Required Annual Payment and Part II, Short Method. Otherwise, compete Part I, Required
Annual Payment and Part III, Regular Method.
1. Enter your 2017 tax after credits (Form MO-1040, Line 34 less approved credits from Line 40;
Property Tax Credit from Line 41.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Multiply Line 1 by 90% (66 2/3% for qualified farmers). . . . . . . . . . . . . . . . . . . . .
2
3. Withholding Taxes - Do not include any estimated tax payments on this line . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4. Subtract Line 3 from Line 1. If less than $500, stop here; do not complete or file this form.
You do not owe the penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5. Enter the tax shown on your 2016 tax return. If you did not file a 2016 Missouri return or only filed a Property
Tax Credit Claim, skip line 5 and enter the amount from Line 2 on Line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6. Required Annual Payment - Enter the smaller of Line 2 or Line 5 (Note: If Line 3 is equal to or more than
Line 6, stop here; you do not owe the penalty. Do not file Form MO-2210.) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7. Enter the amount, if any, from Line 3 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8. Enter the total amount, if any, of estimated tax payments you made . . . . . . . . . .
8
9. Add Lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10. Total Underpayment for Year - Subtract Line 9 from Line 6. If zero or less, stop here; you do not owe the
penalty. Do not file Form MO-2210. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11. Multiply Line 10 by .02682 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12. If the amount on Line 10 was paid on or after 04/15/18, enter 0 (zero). If the amount on Line 10 was paid
before 04/15/18, make the following computation to find the amount to enter on Line 12.
Amount on
Number of days paid
Line 10
X
before 04/15/18
X
.0001096 . . . . . . . . . . . . . . . . . . .
12
13. Penalty - Subtract Line 12 from Line 11. Enter result here and on Form MO-1040, Line 52 . . . . . . . . . . . . . . . .
13
Part II Instructions - Short Method
A. Purpose of the Form - Use this form to determine whether your income tax was sufficiently paid throughout the year by withholding or by estimated
tax payments. If it is not, you may owe a penalty on the underpaid amount.
B. Short Method - You may use the Short Method if you qualify to use the Short Method on the Federal Form 2210 or, all withholding and estimated
tax payments were made equally throughout the year and you do not annualize your income.
If you do not qualify to use the Short Method, you must use the Regular Method.
*17316010001*
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Form MO-2210 Page 1
Section A - Figure Your Underpayment
Complete Lines 14 through 19. If you meet any of the exceptions (see instruction D) to the penalty for all quarters, omit Lines 14 through 19 and
go directly to Line 20.
14. Required annual payment (Enter payment as computed on Part I, Line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
Due Dates of Installments
Apr. 15, 2017
Jun. 15, 2017
Sept. 15, 2017
Jan. 15, 2018
15. Required installment payments. . . . . . . . . . . . . . . . . . . . . . .
16. Estimated tax paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Overpayment of previous installments . . . . . . . . . . . . . . . . .
18. Total payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Underpayment of current installment . . . . . . . . . . . . . . . . . .
19a. Overpayment of current installment . . . . . . . . . . . . . . . . . . .
19b. Underpayment of previous installments . . . . . . . . . . . . . . . .
19c. Total overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19d. Total underpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section B - Exceptions To The Penalty
See instruction D - For special exceptions see instruction I for service in a “combat zone”, and instruction J for farmers.
20. Total amount paid and withheld from January 1 through
the installment date indicated . . . . . . . . . . . . . . . . . . . . . . . .
21. Exception No. 1 - prior year’s tax
25% of 2016 Tax
50% of 2016 Tax
75% of 2016 Tax
100% of 2016 Tax
2016 tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25% of Tax
50% of Tax
75% of Tax
100% of Tax
22. Exception No. 2 - tax on prior year’s income using 2017
rates and exemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22.5% of Tax
45% of Tax
67.5% of Tax
23. Exception No. 3 - tax on annualized 2017 income . . . . . . . .
90% of Tax
90% of Tax
90% of Tax
24. Exception No. 4 - tax on 2017 income over 3, 5, and 8
month periods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section C - Figure the Penalty
Complete Lines 25 through 29
25. Amount of underpayment . . . . . . . . . . . . . . . . . . . . . . . . . . .
26. Date of payment, due date of installment, or April 15, 2018,
whichever is earlier. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27a. Number of days between the due date of installment, and
either date of payment, the due date of the next
installment, or December 31, 2017, whichever is earlier . . .
27b. Number of days from January 1, 2018 or installment date
to date of payment or April 15, 2018 . . . . . . . . . . . . . . . . . .
28a. Multiply the 4% annual interest rate times the amount on
Line 25 for the number of days shown on Line 27a . . . . . . .
28b. Multiply the 4% annual interest rate times the amount on
Line 25 for the number of days shown on Line 27b . . . . . . .
28c. Total Penalty (Line 28a plus Line 28b) . . . . . . . . . . . . . . . . .
29. Total amount on Line 28c. Show this amount on Line 52 of Form MO-1040 as “Underpayment of Estimated Tax
Penalty”. If you have an underpayment on Line 51 of Form MO-1040, enclose your check or money order for payment in
the amount equal to the total of Line 51 and the penalty amount on Line 52. If you have an overpayment on Line 50, the
Department of Revenue will reduce your overpayment by the amount of penalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note: If this form is not filed with Form MO-1040, attach check or money order payable to “Department of Revenue” and mail.
Taxation Division
E-mail:
income@dor.mo.gov
*17316020001*
P.O. Box 329
Jefferson City, MO 65107-0329
17316020001
Form MO-2210 Page 2 (Revised 02-2018)
Part III Instructions - Regular Method
A. Purpose of the Form - Use this form to determine whether your income tax was sufficiently paid throughout the year by
withholding or by estimated tax payments. If it is not, you may owe a penalty on the underpaid amount.
B. Filing an Estimated Tax Payment and Paying the Tax for Calendar Year Taxpayers - If you file returns on a calendar year basis
and are required to file Form MO-1040ES, you are generally required to file an estimated tax payment by April 15, and to pay the tax in
four installments. (If you are not required to file an estimated tax payment until later in the year because of a change in your income or
exemptions, you may be required to pay fewer installments.) The chart below shows the due date for estimated tax payments and the
maximum number of installments required for each.
Period Requirements First Met
Due Date of Estimated Tax Payments
Maximum Number of Installments Required
Between Jan. 1 and Apr. 1
Apr. 15
4
Between Apr. 2 and Jun. 1
Jun. 15
3
Between Jun. 2 and Sept.1
Sept. 15
2
After Sept. 1
Jan. 15
1
When the due date falls on a Saturday, Sunday, or legal holiday, the estimated tax payment will be considered timely if filed on the
next business day.
C. Fiscal Year Taxpayers - Fiscal year taxpayers should substitute for the due dates above, the 15th day of the first and last months
of the second quarter of your fiscal year; the 15th day of the last month of the third quarter; and the 15th day of the first month of
your next fiscal year.
D. Exception to the Penalty - You will not be liable for a penalty if your 2017 tax payments (amounts shown on Line 20) equal or
exceed any amount determined for the same period under the following exception provisions. You may apply a different exception
to each underpayment. Please enclose a separate computation page for each payment. If none of the exceptions apply, complete
Lines 15 through Line 29.
The percentages shown on Lines 21, 22, and 23, for the April 15, June 15, and Sept. 15 installment dates, are for calendar year
taxpayers required to pay installments on four dates.
Exception 1 - Prior Year’s Tax - This exception applies if your 2017 tax payments equal or exceed the tax shown on your 2016 tax
return. The 2016 return must cover a period of 12 months and show a tax liability.
Exception 2 - Tax on Prior Year’s Income using 2017 Rates and Exemptions - This exception applies if your 2017 tax withheld and
estimated tax payments equal or exceed the tax that would have been due on your 2016 income if you had computed it at 2017
rates. To determine if you qualify for this exception, use the personal exemptions allowed for 2017, but use the other facts and law
applicable to your 2016 return.
Exception 3 - Tax on Annualized 2017 Income - This exception applies if your 2017 tax payments equal or exceed 90 percent of the
tax on your annualized taxable income for periods from the first of the year to the end of the month preceding that in which an
installment is due. To annualize your taxable income, follow these four steps.
(a) Figure your adjusted gross income less itemized deductions from the first of your tax year up to and including the month prior to
that in which an installment is due; or, if you use the standard deduction, figure your adjusted gross income for that period.
(b) Divide the result of step (a) by the number of months in your computation period.
(c) Multiply the result of step (b) by 12.
(d) Subtract the deduction for personal exemptions, federal tax and, if you did not itemize, subtract the standard deduction. The
result is your annualized taxable income.
Exception 3 may not be used for the fourth installment period.
Example I (Combined return with one dependent)
1. Wages, received during Jan., Feb., and Mar . . . . . . . . . . $6,000
2. Self-employment income during Jan., Feb., and Mar. . . . $4,000
3. Adjusted gross income . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000
4. Annualized income ($10,000 ÷ 3 x 12) . . . . . . . . . . . . . $40,000
5. Less:
(a) Standard deduction . . . . . . . . . . . . . . . . . . . . . . . . . . $12,700
(b) Exemptions (2 x $2,100) + (1 x $1,200) . . . . . . . . . . . $5,400
(c) Federal tax (joint return) . . . . . . . . . . . . . . . . . . . . . . . $1,513
6. Annualized taxable income . . . . . . . . . . . . . . . . . . . . . . . $20,387
7. Income Tax (from Missouri tax chart) . . . . . . . . . . . . . . . . . $994
*17000000001*
17000000001
If your tax withheld and estimated tax payment for the first installment period of 2017 were at least $224 (22.5 percent of $994)
you do not owe a penalty for that period.
Exception 4 - Tax on 2017 Income Over Periods of 3, 5, and 8 months - This exception applies if your 2017 tax payments equal or
exceed 90 percent of the tax on your taxable income for periods starting from the first of the year to the end of the month preceding
that in which an installment is due. This exception does not apply to the fourth quarter. To determine if this exception applies for the
first three quarters, figure your taxable income from January 1, 2017 to the end of the month preceding that in which an installment
is due. Then compute your tax on that amount as though it represented your taxable income for 2017.
Example II (Combined return with one dependent, using standard deduction)
(1)
(2)
(3)
(4)
(5)
Computation Period
Income
Tax
90 percent of Tax
Tax Withheld
Jan. 1 to Mar. 31
$15,000
$0
$0
$275
Jan. 1 to May 31
$21,665
$76
$68
$458
Jan. 1 to Aug. 31
$31,665
$544
$490
$733
Since the amounts in column (5) are greater than those in column (4) for each of the first three computation periods, there is no
penalty for the first three installment periods.
E. Figure the Addition to Tax - For Line 27a, enter the number of days from the due date of the installment to the date of payment or
December 31, 2017, whichever is earlier. If the payment date on Line 26 is December 31, 2017, or later and the due date of the
installment is April 15, 2017, then enter 260 days; for June 15, 2017, 199 days; and for September 15, 2017, 107 days.
For Line 27b, enter the number of days from January 1, 2018, or the 2018 installment due date to date of payment or appropriate
due date of return, whichever is earlier. If the payment date is April 15, 2018, enter 105 days for the first, second, and third quarters
and 90 days for the fourth quarter.
F. Tax Withheld - You may consider an equal part of the income tax withheld during the year as paid on each required installment
date, unless you establish the dates on which the withholding occurred and consider it paid on those dates.
G. Overpayment - Apply as credit against the next installment any installment overpayment shown on Line 19a that is greater than all
prior underpayments.
H. Installment Payments - If you made more than one payment for any installment, enclose a separate computation for each
payment. If you filed your return and paid the balance of tax due on or before January 31, 2018, consider the balance paid as of
January 15, 2018.
I. Exception from the Addition to Tax for Service in a Combat Zone - You may be exempt from a penalty for underpayment of
estimated tax if you served in the U.S. Armed Forces in an area designated by the President as a combat zone under conditions
which qualified you for hostile fire pay. If you are exempt for this reason, write on Line 19, for the applicable installment dates,
“Exempt, combat zone.”
J. Farmers - If (1) your Missouri gross income from farming is at least two-thirds of your total Missouri gross income and (2) you filed
a Mis souri Individual Income Tax Return and paid tax on or before March 1, 2018, you are exempt from charges for underpayment
of estimated tax. If so, write on Line 1, “Exempt, farmer”.
If you meet this gross income test but did not file a return or pay the tax when due, complete this form with respect to the last
quarter only. Qualified farmers would enter all of Line 14 in the fourth quarter and calculate the appropriate underpayment.
*17000000001*
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Line-by-Line Instructions
Complete Lines 15 through 19d for each installment period, then complete Lines 25 through 29.
14. Enter the required annual payment, as computed on Part I, Line 6.
15. Divide the required annual payment (Line 14) by the number of required installments. If the estimated tax was the result of a
change in income or exemptions during the year, you may require fewer installments. Other wise, divide the required annual
payment by four and place the amount in each column. (See instructions for farmers.)
16. Enter the amount of tax paid during the installment period. (The tax withheld throughout the year may be considered as paid in
four equal parts on the due date of the installment, unless a different date is established.)
17. Enter the amount, if any, of overpayment reported on Line 19c from the previous installment period.
18. Enter the sum of Line 16 and Line 17.
19. If the amount on Line 15 is greater than the amount on Line 18, enter the difference here. You have underpaid for the installment
period. If not, skip this line and go to Line 19a.
19a. If the amount on Line 18 is greater than the amount on Line 15, enter the difference here. You have overpaid for the installment
period.
19b. Enter the amount of the underpayment (if any) from Line 19d of the previous column.
19c. and 19d.
If you filled in Line 19 of this column, add the amount on Line 19b to the amount on Line 19 and enter that total on Line 19d. If
you filled in Line 19a of this column, and the amount on Line 19a is greater than any amount on Line 19b, enter the difference on
Line 19c. You are overpaid. If the amount on Line 19b is greater than the amount on Line 19a, enter the difference on Line 19d.
You are underpaid. See page 3 for instructions for Lines 20 through 24.
25. If you have an underpayment for the installment period and none of the exceptions on Lines 20 through 24 apply, enter on Line
25 the amount of the underpayment on Line 19d. If you do not have an underpayment, or if an exception applies, leave this blank
and skip the remaining lines of the column.
26. Enter the date a payment was made on the installment, the due date of the following installment, or April 15, 2018, whichever is
earlier. If more than one late payment was made to cover the installment, attach a separate computation for each payment during
the installment period.
27a. Enter the number of days from the due date of the installment to the date entered on Line 26.
27b. Enter the number of days from January 1, 2018 (or a later date, if the installment date was after January 1) until either the date of
the payment or April 15, 2018, whichever is earlier.
28a. Multiply the amount on Line 25 by the number of days on Line 27a. Divide this amount by 365 days and multiply the product by
four percent. This is the penalty accruing on the underpayment during 2017.
28b. Multiply the amount on Line 25 by the number of days on Line 27b. Divide this amount by 365 days and multiply the product by
four percent. This is the penalty accruing on the underpayment during 2018.
28c. Add the amounts on Lines 28a and 28b.
29. Add the sum of the amounts on Line 28c in the final column, if applicable.
*17000000001*
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