New York State Department of Taxation and Finance
Underpayment of Estimated Income Tax
IT-2105.9
By Individuals and Fiduciaries
•
•
New York State
City of New York
City of Yonkers
For January 1 - December 31, 2004, or fiscal year beginning
0 4
ending
Name(s) as shown on return
Identification number (SSN or EIN)
Part I — All filers must complete this part
(see instructions, Form IT-2105.9-I, for assistance)
1 Total tax from your 2004 return before withholding and estimated tax payments
...............
1.
(see instructions)
2 New York State child and dependent care credit
....
2.
(from Form IT-201, line 59)
3 New York State earned income credit
.....................
3.
(from Form IT-201, line 60)
4 Real property tax credit
...........................................
4.
(from Form IT-201, line 61)
5 College tuition credit
...............................................
5.
(from Form IT-201, line 62)
6 City of NY school tax credit
(from Form IT-201, line 63, or Form IT-203,
.........................................................................................................
6.
line 55)
7 City of NY earned income credit
.............................
7.
(from Form IT-201, line 64)
8 Other refundable credits
(from Form IT-201, line 65, Form IT-203,
........................................................................
8.
line 56, or Form IT-205, line 33)
9 Add lines 2 through 8 ......................................................................................................................................
9.
10 Current year tax
.......................................................................................................
10.
(subtract line 9 from line 1)
11 Multiply line 10 by 90% (.90) ..........................................................................
11.
12 Income taxes withheld from Form IT-201, lines 66, 67, and 68;
Form IT-203, lines 57, 58, and 59; or Form IT-205, lines 34, 35, and 36 ...................................................
12.
13 Subtract line 12 from line 10. If the result is less than $300,
do not complete the rest of this form
...............................................................................
13.
(see instructions)
14 Enter your 2003 tax
..................................................................................................
14.
(caution: see instructions)
15 Enter the smaller of line 11 or line 14 ............................................................................................................
15.
Part II — Short method for figuring the penalty –
Complete lines 16 through 22 if you paid withholding
tax and/or paid four equal estimated tax installments (on the due dates), or if you made no payments of estimated tax.
Otherwise, you must complete Part III — Regular method.
16 Enter the amount from line 12 above ........................................................................................
16.
17 Enter the total amount of estimated tax payments you made
........................
17.
(see instructions)
18 Add lines 16 and 17 ...................................................................................................................................................................
18.
19 Total underpayment for year. Subtract line 18 from line 15
......................................
19.
(if zero or less, you do not owe the penalty)
20 Multiply line 19 by .03980 and enter the result ..........................................................................................................................
20.
21 If the amount on line 19 was paid on or after April 15, 2005, enter 0 . If the amount on line 19 was paid before
April 15, 2005, make the following computation to find the amount to enter on this line:
Amount on line 19 x number of days paid before April 15, 2005, x .00016 = .....................................................
21.
22 Penalty. Subtract line 21 from line 20. Enter here and on Form IT-201,
line 75; Form IT-203, line 66 or Form IT-205, line 42 ...............................................................................................
22.
Part III — Regular method — Schedule A — Figuring your underpayment
(Schedule B is on the back)
Payment due dates
A
4/15/04
B
6/15/04
C
9/15/04
D
1/15/05
23 Required installments. Enter ¼ of line 15 in
each column.
(If you used the annualized
......
23.
income installment method, see instructions.)
24 Estimated tax paid and tax withheld
............................................
24.
(see instructions)
Complete lines 25 through 27, one column
at a time, starting in column A.
25 Overpayment or underpayment from
prior period ...................................................
25.
26 If line 25 is an overpayment, add lines 24
and 25; if line 25 is an underpayment,
subtract line 25 from line 24
..
26.
(see instructions)
27 Underpayment
(subtract line 26 from line 23)
or overpayment
(subtract line 23 from
...................................
27.
line 26; see instructions)
591494
This is a scannable form; please file this original with the Tax Department.
IT-2105.9 2004