Form RI-2210PT "Underpayment of Estimated Tax by Pass-Through Filers" - Rhode Island

What Is Form RI-2210PT?

This is a legal form that was released by the Rhode Island Department of Revenue - Division of Taxation - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

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Download a fillable version of Form RI-2210PT by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Revenue - Division of Taxation.

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Download Form RI-2210PT "Underpayment of Estimated Tax by Pass-Through Filers" - Rhode Island

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State of Rhode Island and Providence Plantations
2017 Form RI-2210PT
17103099990101
Underpayment of Estimated Tax by Pass-through Filers
Name shown on Form RI-1096PT
Federal employer identification number
C
:
HECK THE BOX IF THE BELOW APPLIES
TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD
PART 1 - REQUIRED ANNUAL PAYMENT
1
1
2017 Rhode Island income tax from RI-1096PT, line 4................................................................................................................................
2
2
Enter 80% of the amount shown on line 1.................................................................................
3
3
Rhode Island withholding paid on behalf of reporting entity for 2017 from RI-1096PT, lines 8a and 8b ............................................
4
Subtract line 3 from line 1.
If the result is $250.00 or less, do not complete the rest of this
form........................................................
4
5
5
2016 Rhode Island tax from RI-1096PT, line 4 ....................................................................................................................................
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
(Otherwise, you must complete parts 3 and 4 to figure your underestimating
interest):
1
You made no estimated payments OR all 4 estimated payments were equal and paid by the appropriate due dates;
2
AND you did not complete RI-2210PT, part 5 (Annualized Income Installment Worksheet).
7
Enter the amount from Part 1, line 6 above.................................................................................................................
7
8
Enter the total withholding and estimated tax paid from RI-1096PT, lines 5, 7, 8a and 8b.........................................
8
9
Underpayment. Subtract line 8 from line 7.
If zero or less, enter
$0..........................................................................
9
10
Multiply line 9 by 12.0205% (.120205).........................................................................................................................
10
11
If the amount on line 9 was paid on or after 4/15/2018, enter $0
If the amount on line 9 was paid before 4/15/2018, make the following calculation:
The amount on line 9 (times) the number of days paid before 4/15/2018 (times) .00033 and enter the result here...
11
12
UNDERESTIMATING INTEREST. Subtract line 11 from line 10. Enter here and on RI-1096PT, line 10
12
Attach this form to your Rhode Island return.........................................................................................................
PAYMENT DUE DATES
PART 3 - FIGURE YOUR UNDERPAYMENT
Column A
Column B
Column C
Column D
04/15/2017
06/15/2017
09/15/2017
01/15/2018
13
Divide the amount on line 6 by four (4) and enter the result in each column.....
13
14
Annualized income installments from Part 5, line 33. NOTE: Complete lines
15 through 17 in one column before completing the next column..................
14
15
Enter the amount from line 13 or line 14 if applicable ....................................
15
16
Rhode Island tax withheld and estimated tax paid. If line 16 is equal to or
more than line 15 for all installment periods, do not complete or file this
16
form unless you report annualized income installments on line 14 ................
17
UNDERPAYMENT. Subtract line 16 from line 15 OR
OVERPAYMENT. Subtract line 15 from line 16..................................................
17
Page 1
State of Rhode Island and Providence Plantations
2017 Form RI-2210PT
17103099990101
Underpayment of Estimated Tax by Pass-through Filers
Name shown on Form RI-1096PT
Federal employer identification number
C
:
HECK THE BOX IF THE BELOW APPLIES
TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD
PART 1 - REQUIRED ANNUAL PAYMENT
1
1
2017 Rhode Island income tax from RI-1096PT, line 4................................................................................................................................
2
2
Enter 80% of the amount shown on line 1.................................................................................
3
3
Rhode Island withholding paid on behalf of reporting entity for 2017 from RI-1096PT, lines 8a and 8b ............................................
4
Subtract line 3 from line 1.
If the result is $250.00 or less, do not complete the rest of this
form........................................................
4
5
5
2016 Rhode Island tax from RI-1096PT, line 4 ....................................................................................................................................
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
(Otherwise, you must complete parts 3 and 4 to figure your underestimating
interest):
1
You made no estimated payments OR all 4 estimated payments were equal and paid by the appropriate due dates;
2
AND you did not complete RI-2210PT, part 5 (Annualized Income Installment Worksheet).
7
Enter the amount from Part 1, line 6 above.................................................................................................................
7
8
Enter the total withholding and estimated tax paid from RI-1096PT, lines 5, 7, 8a and 8b.........................................
8
9
Underpayment. Subtract line 8 from line 7.
If zero or less, enter
$0..........................................................................
9
10
Multiply line 9 by 12.0205% (.120205).........................................................................................................................
10
11
If the amount on line 9 was paid on or after 4/15/2018, enter $0
If the amount on line 9 was paid before 4/15/2018, make the following calculation:
The amount on line 9 (times) the number of days paid before 4/15/2018 (times) .00033 and enter the result here...
11
12
UNDERESTIMATING INTEREST. Subtract line 11 from line 10. Enter here and on RI-1096PT, line 10
12
Attach this form to your Rhode Island return.........................................................................................................
PAYMENT DUE DATES
PART 3 - FIGURE YOUR UNDERPAYMENT
Column A
Column B
Column C
Column D
04/15/2017
06/15/2017
09/15/2017
01/15/2018
13
Divide the amount on line 6 by four (4) and enter the result in each column.....
13
14
Annualized income installments from Part 5, line 33. NOTE: Complete lines
15 through 17 in one column before completing the next column..................
14
15
Enter the amount from line 13 or line 14 if applicable ....................................
15
16
Rhode Island tax withheld and estimated tax paid. If line 16 is equal to or
more than line 15 for all installment periods, do not complete or file this
16
form unless you report annualized income installments on line 14 ................
17
UNDERPAYMENT. Subtract line 16 from line 15 OR
OVERPAYMENT. Subtract line 15 from line 16..................................................
17
Page 1
State of Rhode Island and Providence Plantations
2017 Form RI-2210PT
IMAGEONLY
Underpayment of Estimated Tax by Pass-through Filers
Name shown on Form RI-1096PT
Federal employer identification number
PART 4 - HOW TO FIGURE THE CHARGES
PAYMENT DUE DATES
Column A
Column B
Column C
Column D
04/15/2017
06/15/2017
09/15/2017
01/15/2018
MMDDYY
MMDDYY
MMDDYY
MMDDYY
18
Payment date or date listed in instructions for line 18, whichever is earlier...
18
19
a
Number of days from the installment date to the date of payment or the due
days
days
days
date of the next installment, whichever is earlier (see instructions) ...............
19a
b
Number of days on line 19a X 18% X underpayment on line 17....................
365
19b
20
a
Number of days from January 1, 2018 to the date of payment or January 15, 2018, whichever is earlier ........
20a
days
b
Number of days on line 20a X 18% X underpayment on line 17 .......................................................................
365
20b
days
21
a
Number of days from January 15, 2018 to the date of payment or April 15, 2018, whichever is earlier......................................
21a
Number of days on line 21a X 18% X underpayment on line 17 .................................................................................................
b
365
21b
22
UNDERESTIMATING INTEREST. Total amount from all columns on lines 19b, 20b and 21b. Enter here and on RI-1096PT,
line 10. Attach this form to your Rhode Island return..................................................................................................................
22
Part 5 Annualized Income Installment Worksheet
IMPORTANT: Complete one column lines 23 - 33 before completing the next column.
01/01/2017
01/01/2017
01/01/2017
01/01/2017
03/31/2017
05/31/2017
08/31/2017
12/31/2017
23
Figure actual Rhode Island source income of nonresident members......................
Annualization amount...................... ........................................................................
24
4
2.4
1.5
1
Multiply the amount on line 23 by the indicator on line 24 .......................................
25
26
Figure the Rhode Island tax on the amount on line 25 ............................................
27
20%
40%
60%
80%
Applicable percentage.............................................................................................
28
Multiply the amount on line 26 by the applicable percentages on line 27.....................
29
Enter the combined amount from line 33 for all preceding periods...............................
Subtract line 29 from line 28 (not less than zero) ....................................................
30
31
Enter the amount from RI-2210PT, page 1, line 13 for the period plus the amount
from line 32 of this worksheet for the preceding period ...........................................
32
If line 31 is more than line 30, SUBTRACT line 30 from line 31, OTHERWISE enter $0
Enter the smaller of line 30 or line 31 here and on page 1, line 14..........................
33
Page 2
State of Rhode Island and Providence Plantations
2017 Form RI-2210PT
Underpayment of Estimated Tax by Pass-through Filers
PURPOSE OF THIS FORM
those payments made between September 16, 2017 and January 15,
Entities should use this form to determine if their income tax was suffi-
2018.
ciently prepaid throughout the year by having Rhode Island tax withheld or
If you filed your return on or before January 31, 2018 and paid the tax bal-
by paying Rhode Island estimated tax. If not, a charge may be imposed
ance in full, then enter that amount in column D. This only applies to
on the underpayment of the taxes. Complete Part 1 of this form to deter-
those taxpayers who either were not required to make a Rhode Island es-
mine if the payment of the charge may be avoided.
timated tax payment prior to the January 15, 2018 installment date or in-
If you report income on a fiscal year basis, substitute the corresponding
cluded their January 15, 2018 installment payment with the tax balance
fiscal year months for the months listed on the form.
paid on or before January 31, 2018.
Line 17 - Subtract line 16 from line 15 for any underpayments. Subtract
PART 1 - REQUIRED ANNUAL PAYMENT
line 15 from line 16 for any overpayments. Any overpayments on line 17
Line 1 - Enter your 2017 Rhode Island tax from RI-1096PT, line 4.
should be used to increase the amount entered on line 16 for the next in-
Line 2 - Enter 80% of the amount shown on line 1.
stallment period. Any underpayment on line 17 should be used to de-
Line 3 - Enter the amount of withholding paid on behalf of reporting entity
crease the amount on line 16 for the next installment period. However, if
for 2017 from RI-1096PT, lines 8a and 8b.
you entered amounts on line 14, annualized income installments, and the
Line 4 - Subtract line 3 from line 1. If the result is $250.00 or less you do
amounts on line 17 are zero ($0) or less for all installment periods, then
not owe any amount and need not complete the rest of this form.
enter zero ($0) on line 22 and file this form with your return.
Line 5 - Enter your 2016 Rhode Island tax from RI-1096PT, line 4. If you
had no Rhode Island source income of nonresident members for 2016,
PART 4 - HOW TO FIGURE THE CHARGE
enter zero (0).
Line 18 - Column A: Enter the date you paid the tax balance due for the
Line 6 - Enter the smaller of line 2 or line 5 (including zero). If line 6 is
current installment or 6/15/2017, whichever is earlier. Column B: Enter
zero, you do not owe any amount and need not complete the rest of this
the date you paid the tax balance due for the current installment or
form. However, you must attach this form to your Rhode Island
9/15/2017, whichever is earlier. Column C: Enter the date you paid the
return.
tax balance due for the current installment or 12/31/2017, whichever is
earlier. Column D: Enter the date you paid the tax balance due for the
PART 2 - SHORTCUT METHOD
current installment or 4/15/2018, whichever is earlier.
Line 7 - Enter the amount from line 6.
Line 19a - Column A & Column B: Enter the number of days from the in-
Line 8 - Enter the amount of estimated payments and withholding received
stallment due date to the date of payment or the due date of the next in-
from pass-through entities for 2017 from RI-1096PT lines 5, 7, 8a and 8b.
stallment, whichever is earlier. Column C: Enter the number of days from
Line 9 - Subtract line 8 from line 7.
the installment due date to the date of payment or January 1, 2018,
Line 10 - Multiply line 9 by 12.0205% (0.120205).
whichever is earlier.
Line 11 - If you paid the tax balance due before 4/15/2018, multiply the
Line 19b - Compute the charge using the applicable interest rates and
number of days paid before 4/15/2018 by the amount on line 9 and by
number of days times underpayment entered on line 17 for each install-
.00033 and enter the result on line 11.
ment period. Divide the number of days from line 19a by the total number
Line 12 - Subtract line 11 from line 10. Enter here and in the space pro-
of days in the year times the applicable interest rate times the amount of
vided on RI-1096PT, line 10.
the underpayment on line 17 for each installment.
Line 20a - Enter the number of days from January 1, 2018 to the date of
PART 3 - FIGURE YOUR UNDERPAYMENT
payment or January 15, 2018, whichever is earlier.
Line 13 - Divide the amount shown on line 6 by four (4) and enter the re-
Line 20b - Compute the charge using the applicable interest rates and
sult in each column.
number of days times underpayment entered on line 17 for each install-
Line 14 - If your income varies during the year, you may complete the an-
ment period. Divide the number of days from line 20a by the total number
nualized income installment worksheet. However, if you complete and use
of days in the year times the applicable interest rate times the amount of
line 14 for any installment you must complete it and use it for all install-
the underpayment on line 17.
ments.
Line 21a - Enter the number of days from January 15, 2018 to the date of
NOTE: COMPLETE LINES 15-17 FOR ONE COLUMN BEFORE
payment or April 15, 2018, whichever is earlier.
COMPLETING THE NEXT COLUMN.
Line 21b - Compute the charge using the applicable interest rates and
Line 15 - Enter the amount from line 13 (or from line 14, if line 14 was
number of days times underpayment entered on line 17 for each install-
completed).
ment period. Divide the number of days from line 21a by the total number
Line 16 - You are considered to have paid Rhode Island withholding tax
of days in the year times the applicable interest rate times the amount of
evenly during the year unless you can show otherwise. Therefore, you
the underpayment on line 17.
are considered to have paid one-fourth of your Rhode Island withholding
The interest rate to be used is 18% per annum.
on each installment due date. Divide the total amount withheld by 4 and
Line 22 - Add the amounts from all columns on lines 19b, 20b and 21b
enter the results in each column. Enter the estimated taxes paid that were
and enter the total here. Include this amount with your tax balance pay-
for 2017 tax year plus any portion of your overpayment from 2016, which
ment and attach this form to your return. If your Rhode Island tax return
you elected to be applied to 2017. Enter in column A those payments
has previously been filed, then attach your check to this form and mail it to
made on or before April 15, 2017, in column B those payments made be-
the RI Division of Taxation, One Capitol Hill, Providence, RI 02908-5806.
tween April 16, 2017 and June 15, 2017, in column C those payments
made between June 16, 2017 and September 15, 2017, and in column D
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