Form 2210al - Underpayment Of Estimated Tax By Individuals - 2015

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FORM

XX001822

Alabama Department of Revenue

2015

2210AL

Underpayment of Estimated Tax by Individuals

ADOR

SEE SEPARATE INSTRUCTIONS • ATTACH TO FORM 40 OR FORM 40NR

NAME(S) AS SHOWN ON TAX RETURN

IDENTIFYING NUMBER

Reset Form

PART I – Required Annual Payment

1 Enter your 2015 net tax due after credits from line 18 of Form 40 or line 20 of Form 40NR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Multiply line 1 by 90% (.90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Withholding taxes. Do not include estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Subtract line 3 from line 1. If less than $500, stop; you do not owe a penalty. Do not file Form 2210AL. . . . . . . . . . . . . . . . . . . . . . . . . .

5 Maximum required annual payment based on prior year’s tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Required annual payment. Enter the smaller of line 2 or line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Next: Is line 6 more than line 3?

No. You do not owe a penalty. Do not file Form 2210AL unless box E below applies.

Yes. You may owe a penalty, but do not file Form 2210AL unless one or more boxes in Part II below applies.

• If box B, C, or D applies, you must figure your penalty and file Form 2210AL.

• If box A or E applies, (but not B, C, or D) file only page 1 of Form 2210AL. You are not required to figure your penalty; the Alabama Department of Revenue will figure it and

send you a bill for any unpaid amount. If you want to figure your penalty, you may use Part III or IV as a worksheet and enter your penalty on your tax return, but file only page

Check applicable boxes. If none apply, do not file Form 2210AL.

1 of Form 2210AL.

PART II – Reasons for Filing.

You request a waiver of your entire penalty. You must check this box and file page 1 of Form 2210AL, but you are not required to figure your penalty.

You request a waiver of part of your penalty. You must figure your penalty and waiver amount and file Form 2210AL.

Your income varied during the year and your penalty is reduced or eliminated when figured using the annualized income installment method. You must figure the penalty

using Schedule AI and file Form 2210AL.

Your penalty is lower when figured by treating the Alabama income tax withheld from your income as paid on the dates it was actually withheld, instead of in equal amounts on

the payment due dates. You must figure your penalty and file Form 2210AL.

You filed or are filing a joint return for either 2014 or 2015, but not for both years, and line 5 above is smaller than line 2 above. You must file page 1 of Form 2210AL, but you are

not required to figure your penalty (unless box B, C, or D applies).

PART III – Short Method

Can you use the short method?

You may use the short method if:

• You made no estimated tax payments (or your only payments were withheld Alabama income tax), or

• You paid the same amount of estimated tax on each of the four payment due dates.

Must you use the regular method?

You must use the regular method (Part IV) instead of the short method if:

• You made any estimated tax payments late, or

• You checked box C or D in Part II.

Note: If any payment was made earlier than the due date, you may use the short method, but using it may cause you to pay a larger penalty than the regular method. If the payment was

only a few days early, the difference is likely to be small.

7 Enter the amount from Form 2210AL, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Enter the amount, if any from Form 2210AL, line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Enter the total amount, if any, of estimated tax payments you made

(see page 3 of the instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Add lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 Total underpayment for year. Subtract line 10 from line 7. If zero or less, stop; you do not owe a penalty.

Do not file Form 2210AL unless you checked box E in Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 Multiply line 11 by .02001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 • If the amount on line 11 was paid on or after 4/15/16, enter -0-.

• If the amount on line 11 was paid before 4/15/16, make the following computation to find the amount to enter on line 13.

Amount on line 11 X Number of days paid before 4/15/16 X .00008. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14 Penalty. Subtract line 13 from line 12. Enter the result here and on Form 40, line 30; or Form 40NR, line 30.

Do not file Form 2210AL unless you checked a box in Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .