Form RI-2210 "Underpayment of Estimated Tax by Individuals, Estates" - Rhode Island

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State of Rhode Island and Providence Plantations
2018 Form RI-2210
18101299990101
Underpayment of Estimated Tax by Individuals, Estates
Name(s) shown on Form RI-1040, RI-1040NR or RI-1041
Your SSN or FEIN
C
:
HECK THE APPROPRIATE BOX IF EITHER OF THE CIRCUMSTANCES BELOW APPLY
TAXPAYER IS A FARMER OR FISHERMAN
TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD (RI-2210, Part 5)
PART 1 - REQUIRED ANNUAL PAYMENT
1
1
Enter your 2018 RI income tax from RI-1040, line 10a less lines 14d and 14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14a
2
2
Enter 80% of the amount shown on line 1.................................................................................
3
3
RI withheld taxes paid for 2018 from RI-1040, line 14a, RI-1040NR, lines 17a and 17c or RI-1041, lines 15a and 15c......................
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
Enter your 2017 RI tax from RI-1040, line 10a less line 14d and 14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14A...........
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-2210, part 5 (Annualized Income Installment Worksheet).
7
Enter the amount from Part 1, line 6 above.................................................................................................................
7
8
Total withholding and estimated tax you paid - RI-1040, lines 14a and 14b, RI-1040NR, lines 17a, 17b and 17c or RI-1041, lines 15a, 15b and 15c.
8
9
Underpayment. Subtract line 8 from line 7.
If zero or less, enter
$0..........................................................................
9
10
Multiply line 9 by 12.0205% (0.120205).......................................................................................................................
10
11
If the amount on line 9 was paid on or after 4/15/2019, enter $0
If the amount on line 9 was paid before 4/15/2019, make the following calculation:
The amount on line 9 (times) the number of days paid before 4/15/2019 (times) 0.00033 and enter the result here.
11
12
UNDERESTIMATING INTEREST. Subtract line 11 from line 10. Enter here and on RI-1040, line 15b, RI-1040NR, line 18b or
12
RI-1041, line 16b.
PAYMENT DUE DATES
PART 3 - FIGURE YOUR UNDERPAYMENT
Column A
Column B
Column C
Column D
04/15/2018
06/15/2018
09/15/2018
01/15/2019
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
2018 Form RI-2210
18101299990101
Underpayment of Estimated Tax by Individuals, Estates
Name(s) shown on Form RI-1040, RI-1040NR or RI-1041
Your SSN or FEIN
C
:
HECK THE APPROPRIATE BOX IF EITHER OF THE CIRCUMSTANCES BELOW APPLY
TAXPAYER IS A FARMER OR FISHERMAN
TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD (RI-2210, Part 5)
PART 1 - REQUIRED ANNUAL PAYMENT
1
1
Enter your 2018 RI income tax from RI-1040, line 10a less lines 14d and 14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14a
2
2
Enter 80% of the amount shown on line 1.................................................................................
3
3
RI withheld taxes paid for 2018 from RI-1040, line 14a, RI-1040NR, lines 17a and 17c or RI-1041, lines 15a and 15c......................
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
Enter your 2017 RI tax from RI-1040, line 10a less line 14d and 14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14A...........
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-2210, part 5 (Annualized Income Installment Worksheet).
7
Enter the amount from Part 1, line 6 above.................................................................................................................
7
8
Total withholding and estimated tax you paid - RI-1040, lines 14a and 14b, RI-1040NR, lines 17a, 17b and 17c or RI-1041, lines 15a, 15b and 15c.
8
9
Underpayment. Subtract line 8 from line 7.
If zero or less, enter
$0..........................................................................
9
10
Multiply line 9 by 12.0205% (0.120205).......................................................................................................................
10
11
If the amount on line 9 was paid on or after 4/15/2019, enter $0
If the amount on line 9 was paid before 4/15/2019, make the following calculation:
The amount on line 9 (times) the number of days paid before 4/15/2019 (times) 0.00033 and enter the result here.
11
12
UNDERESTIMATING INTEREST. Subtract line 11 from line 10. Enter here and on RI-1040, line 15b, RI-1040NR, line 18b or
12
RI-1041, line 16b.
PAYMENT DUE DATES
PART 3 - FIGURE YOUR UNDERPAYMENT
Column A
Column B
Column C
Column D
04/15/2018
06/15/2018
09/15/2018
01/15/2019
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
2018 Form RI-2210
IMAGEONLY
Underpayment of Estimated Tax by Individuals, Estates
Name(s) shown on Form RI-1040, RI-1040NR or RI-1041
Your SSN or FEIN
PART 4 - HOW TO FIGURE THE CHARGES
PAYMENT DUE DATES
Column A
Column B
Column C
Column D
04/15/2018
06/15/2018
09/15/2018
01/15/2019
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, 2019 to the date of payment or January 15, 2019, 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, 2019 to the date of payment or April 15, 2019, 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-1040, line
15b, RI-1040NR, line 18b or RI-1041, line 16b. 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.
01/01/2018
01/01/2018
01/01/2018
01/01/2018
03/31/2018
05/31/2018
08/31/2018
12/31/2018
23
Figure your actual taxable income ...........................................................................
Annualization amount...................... ........................................................................
24
4
2.4
1.5
1
Multiply the amount on line 23 by the indicator on line 24 .......................................
25
26
Figure your 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-2210, 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
2018 Form RI-2210
Underpayment of Estimated Tax by Individuals, Estates
PURPOSE OF THIS FORM
Line 15 - Enter the amount from line 13 (or from line 14, if line 14 was
Individuals should use this form to determine if their income tax was suffi-
completed).
ciently prepaid throughout the year by having Rhode Island tax withheld or
Line 16 - You are considered to have paid Rhode Island withholding tax
by paying Rhode Island estimated tax. If not, a charge may be imposed
evenly during the year unless you can show otherwise. Therefore, you
on the underpayment of the taxes. Complete Part 1 of this form to deter-
are considered to have paid one-fourth of your Rhode Island withholding
mine if the payment of the charge may be avoided.
on each installment due date. Divide the total amount withheld by 4 and
enter the results in each column. Enter the estimated taxes paid that were
If you are a farmer or fisherman, or are using the annualization of in-
for 2018 tax year plus any portion of your overpayment from 2017, which
come method, check the appropriate box at the top of the form.
you elected to be applied to 2018. Enter in column A those payments
made on or before April 15, 2018, in column B those payments made be-
FARMER AND FISHERMAN
tween April 16, 2018 and June 15, 2018, in column C those payments
If you meet both of the following tests, you may be exempt from the
made between June 16, 2018 and September 15, 2018, and in column D
charge for underpayment of estimated tax: 1Gross income from farming
those payments made between September 16, 2018 and January 15,
or fishing is at least two thirds of your annual gross income; and, 2 Filed
2019.
If you filed your return on or before January 31, 2019 and paid the tax bal-
Form RI-1040 or RI-1040NR and paid the tax due on or before March 1,
2019. If you meet both of the tests, enter zero on Form RI-2210, line 22,
ance in full, then enter that amount in column D. This only applies to
as well as on RI-1040, line 15b or RI-1040NR, line 18b. Otherwise, sub-
those taxpayers who either were not required to make a Rhode Island es-
stitute 66.67 % for 80% on Part I, line 2 and complete Part 1 and Part 3,
timated tax payment prior to the January 15, 2019 installment date or in-
Column D of this form. Enter all Rhode Island withholding and estimates
cluded their January 15, 2019 installment payment with the tax balance
paid in Column D. Attach this form to your return or mail to RI Division of
paid on or before January 31, 2019.
Taxation if the return has been previously filed.
Line 17 - Subtract line 16 from line 15 for any underpayments. Subtract
line 15 from line 16 for any overpayments. Any overpayments on line 17
ESTATES
should be used to increase the amount entered on line 16 for the next in-
stallment period. Any underpayment on line 17 should be used to de-
Estates are not required to file a declaration of estimated tax for the first
two years after a decedent’s death. If the estate qualifies for this exemp-
crease the amount on line 16 for the next installment period. However, if
tion from remitting payments and is not subject to the charge for underesti-
you entered amounts on line 14, annualized income installments, and the
mating interest, enter zero on Form RI-2210, line 22, as well as on
amounts on line 17 are zero ($0) or less for all installment periods, then
RI-1041, line 16b.
enter zero ($0) on line 22 and file this form with your return.
PART 1 - REQUIRED ANNUAL PAYMENT
PART 4 - HOW TO FIGURE THE CHARGE
Line 18 - Column A: Enter the date you paid the tax balance due for the
Line 1 - Enter your 2018 RI tax from RI-1040, line 10a less lines 14d and
14e, RI-1040NR, line 13a less line 17d or RI-1041, line 14a.
current installment or 6/15/2018, whichever is earlier. Column B: Enter the
Line 2 - Enter 80% of the amount shown on line 1.
date you paid the tax balance due for the current installment or 9/15/2018,
Line 3 - Enter your 2018 RI taxes withheld from RI-1040, line 14a , RI-
whichever is earlier. Column C: Enter the date you paid the tax balance
1040NR, lines 17a and 17c or RI-1041, lines 15a and 15c.
due for the current installment or 12/31/2018, whichever is earlier. Column
Line 4 - Subtract line 3 from line 1. If the result is $250.00 or less you do
D: Enter the date you paid the tax balance due for the current installment
not owe any amount and need not complete the rest of this form.
or 4/15/2019, whichever is earlier.
Line 5 - Enter your 2017 RI tax - RI-1040, line 10 less lines 14d and 14e,
Line 19a - Column A & Column B: Enter the number of days from the in-
RI-1040NR, line 13 less line 17d, or RI-1041, line 14A. If you had no fed-
stallment due date to the date of payment or the due date of the next in-
stallment, whichever is earlier. Column C: Enter the number of days from
eral tax liability for 2017 and you were a Rhode Island resident during all
of 2017, and your 2017 federal tax return was (or would have been had
the installment due date to the date of payment or January 1, 2019,
you been required to file) for a full 12 months, then enter zero (0).
whichever is earlier.
Line 6 - Enter the smaller of line 2 or line 5 (including zero). If line 6 is
Line 19b - Compute the charge using the applicable interest rates and
zero, you do not owe any amount and need not complete the rest of this
number of days times underpayment entered on line 17 for each install-
form. However, you must attach this form to your Rhode Island return.
ment period. Divide the number of days from line 19a by the total number
of days in the year times the applicable interest rate times the amount of
PART 2 - SHORTCUT METHOD
the underpayment on line 17 for each installment.
Line 7 - Enter the amount from line 6.
Line 20a - Enter the number of days from January 1, 2019 to the date of
payment or January 15, 2019, whichever is earlier.
Line 8 - Enter the total amount of estimated tax and withholding tax you
paid for 2018 (RI-1040, lines 14a and 14b, RI-1040NR, lines 17a, 17b and
Line 20b - Compute the charge using the applicable interest rates and
17c or RI-1041, lines 15a, 15b and 15c).
number of days times underpayment entered on line 17 for each install-
Line 9 - Subtract line 8 from line 7.
ment period. Divide the number of days from line 20a by the total number
Line 10 - Multiply line 9 by 12.0205% (0.120205).
of days in the year times the applicable interest rate times the amount of
Line 11 - If you paid the tax balance after 4/15/2019, enter zero (0). If you
the underpayment on line 17.
paid the tax balance due before 4/15/2019, multiply the number of days
Line 21a - Enter the number of days from January 15, 2019 to the date of
paid before 4/15/2019 by the amount on line 9 and by 0.00033 and enter
payment or April 15, 2019, whichever is earlier.
the result on line 11.
Line 21b - Compute the charge using the applicable interest rates and
number of days times underpayment entered on line 17 for each install-
Line 12 - Subtract line 11 from line 10. Enter here and on RI-1040, line
15b, RI-1040NR, line 18b or RI-1041, line 16b.
ment period. Divide the number of days from line 21a by the total number
of days in the year times the applicable interest rate times the amount of
PART 3 - FIGURE YOUR UNDERPAYMENT
the underpayment on line 17.
Line 13 - Divide the amount shown on line 6 by four (4) and enter the re-
The interest rate to be used is 18% per annum from January 1, 2019
sult in each column.
to December 31, 2019.
Line 14 - If your income varies during the year, you may complete the an-
Line 22 - Add the amounts from all columns on lines 19b, 20b and 21b
and enter the total here. Include this amount with your tax balance pay-
nualized income installment worksheet. However, if you complete and use
line 14 for any installment you must complete it and use it for all install-
ment and attach this form to your return. If your Rhode Island tax return
has previously been filed, then attach your check to this form and mail it to
ments.
NOTE: COMPLETE LINES 15-17 FOR ONE COLUMN BEFORE
the RI Division of Taxation, One Capitol Hill, Providence, RI 02908-5806.
COMPLETING THE NEXT COLUMN.
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