Form UETP-M "Monthly Underpayment of Estimated Tax Penalty Worksheet" - West Virginia

What Is Form UETP-M?

This is a legal form that was released by the West Virginia State Tax Department - a government authority operating within West Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on June 1, 2011;
  • The latest edition provided by the West Virginia State Tax Department;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form UETP-M by clicking the link below or browse more documents and templates provided by the West Virginia State Tax Department.

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Download Form UETP-M "Monthly Underpayment of Estimated Tax Penalty Worksheet" - West Virginia

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Monthly Underpayment of Estimated Tax Penalty Worksheet
(See Instructions on the Next Page)
REV. 6-11
Tax for which this form applies
Name:_______________________________________________________________________
WV/BOT-301
WV/SEV-401C
ID Number (FEIN or 8 digit
Business and Occupation Tax
WV/BOT-301E
WV/SEV-401
account number):
Telecommunications Tax
WV/TEL-501
WV/SEV-401T
Tax Year Beginning:
Severance Tax
Severance and Privilege Tax
WV/SEV-401H
WV/SEV-401W
Tax Year Ending:
Broad Based Health Care
WV/HCP-3A
WV/SEV-401V
Related Taxes
1. Tax liability before credits and estimated payments from the total tax due line of the appropriate annual return............................................................................................................................................................................
1
2. Tax Credits (Do not include estimated payments)...................................................................................................................................................................................................
2
3. Exemption $500.00 per year, $41.67 per month, or $1.37 per day (Not applicable to Telecommunications Tax or additional tax on severance of natural resources).................
3
4. Total credits and exemptions (line 2 plus line 3)..............................................................................................................................................................................................................................................................................
4
5. Adjusted tax (line 1 less line 4)........................................................................................................................................................................................................................................................................................................
5
1
2
3
4
5
6
7
8
9
10
11
12
6. Enter in columns 1 through 12 the installment dates that
correspond to the last day of the month following the month
in which the tax accrued.............................................................
7. Enter one-twelth of line 5 in columns 1 through 12...................
8. Add line 7 to line 12 from previous column................................
9. Amount paid for each period on or before the due date of the
installment ................................................................................
10. Add line 9 to line 11 of previous column...................................
11. Overpayment for this period (See instructions)...................
12. Underpayment for this period (see instructions).................
13. Enter number of days from the due date of the installment to
the date paid in full or the number of days to the date at the
top of the next column..............................................................
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
14. Daily penalty rate for each period.............................................
15. Calculate Penalty Due for each period (line 12 times line 13
times line 14)...................................................................................
16. Calculate Total penalty due (add columns 1 through 11 of line 15) Enter this amount on the applicable line on the various annual tax returns
This worksheet is provided as a tool to establish penalty due. It is not a substitute for tax laws and is not a binding document.
Note: The penalty is computed separately for each installment due date and you may be charged a penalty for underpayment of an installment even if your
overall payment equals your overall liability. This may be true even if you are due a refund when you file your return.
Monthly Underpayment of Estimated Tax Penalty Worksheet
(See Instructions on the Next Page)
REV. 6-11
Tax for which this form applies
Name:_______________________________________________________________________
WV/BOT-301
WV/SEV-401C
ID Number (FEIN or 8 digit
Business and Occupation Tax
WV/BOT-301E
WV/SEV-401
account number):
Telecommunications Tax
WV/TEL-501
WV/SEV-401T
Tax Year Beginning:
Severance Tax
Severance and Privilege Tax
WV/SEV-401H
WV/SEV-401W
Tax Year Ending:
Broad Based Health Care
WV/HCP-3A
WV/SEV-401V
Related Taxes
1. Tax liability before credits and estimated payments from the total tax due line of the appropriate annual return............................................................................................................................................................................
1
2. Tax Credits (Do not include estimated payments)...................................................................................................................................................................................................
2
3. Exemption $500.00 per year, $41.67 per month, or $1.37 per day (Not applicable to Telecommunications Tax or additional tax on severance of natural resources).................
3
4. Total credits and exemptions (line 2 plus line 3)..............................................................................................................................................................................................................................................................................
4
5. Adjusted tax (line 1 less line 4)........................................................................................................................................................................................................................................................................................................
5
1
2
3
4
5
6
7
8
9
10
11
12
6. Enter in columns 1 through 12 the installment dates that
correspond to the last day of the month following the month
in which the tax accrued.............................................................
7. Enter one-twelth of line 5 in columns 1 through 12...................
8. Add line 7 to line 12 from previous column................................
9. Amount paid for each period on or before the due date of the
installment ................................................................................
10. Add line 9 to line 11 of previous column...................................
11. Overpayment for this period (See instructions)...................
12. Underpayment for this period (see instructions).................
13. Enter number of days from the due date of the installment to
the date paid in full or the number of days to the date at the
top of the next column..............................................................
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
.000260
14. Daily penalty rate for each period.............................................
15. Calculate Penalty Due for each period (line 12 times line 13
times line 14)...................................................................................
16. Calculate Total penalty due (add columns 1 through 11 of line 15) Enter this amount on the applicable line on the various annual tax returns
This worksheet is provided as a tool to establish penalty due. It is not a substitute for tax laws and is not a binding document.
Note: The penalty is computed separately for each installment due date and you may be charged a penalty for underpayment of an installment even if your
overall payment equals your overall liability. This may be true even if you are due a refund when you file your return.