Form It-2105.9 - Underpayment Of Estimated Income Tax By Individuals And Fiduciaries - 2014

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New York State Department of Taxation and Finance

IT-2105.9

Underpayment of Estimated Income Tax

By Individuals and Fiduciaries

•

New York State

New York City

Yonkers

Name(s) as shown on return

Identification number (SSN or EIN)

Part 1 – All filers must complete this part

(see instructions, Form IT-2105.9-I, for assistance)

1 Total tax from your 2014 return before withholding and estimated tax payments

.....................

(caution: see instructions)

2 Empire State child credit

..........................................................

(from Form IT-201, line 63)

3 NYS/NYC child and dependent care credit

................................

(from Form IT-201, line 64)

4 NY State earned income credit (EIC)

.......................................

(from Form IT-201, line 65)

5 NY State noncustodial parent EIC

............................................

(from Form IT-201, line 66)

6 Real property tax credit

............................................................

(from Form IT-201, line 67)

7 College tuition credit

.................................................................

(from Form IT-201, line 68)

7a Property tax freeze credit

.......................................................................

(see instructions)

7b Family tax relief credit

............................................................................

(see instructions)

8 NY City school tax credit

............................

(from Form IT-201, line 69, or Form IT-203, line 60)

9 NY City earned income credit

...................................................

(from Form IT-201, line 70)

9a NY City enhanced real property tax credit

..............................

(from Form IT-201, line 70a)

10 Other refundable credits

(from Form IT-201, line 71; Form IT-203, line 61; or Form IT-205, line 33)

11 Add lines 2 through 10 ..................................................................................................................................................... 11

12 Current year tax

....................................................................................................................... 12

(subtract line 11 from line 1)

13 Multiply line 12 by 90% (.90) ...........................................................................................

14 Income taxes withheld

(from Form IT-201, lines 72, 73, and 74; Form IT-203, lines 62, 63, and 64; or Form IT-205, lines 34, 35, and 36)

15 Subtract line 14 from line 12. If the result is less than $300, do not complete the rest of this form

................ 15

(see instructions)

16 Enter your 2013 tax

................................................................................................................... 16

(caution: see instructions)

17 Enter the smaller of line 13 or line 16 ............................................................................................................................. 17

Part 2 – Short method for computing the penalty –

Complete lines 18 through 24 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 3 – Regular method.

18 Enter the amount from line 14 above ..............................................................................

19 Enter the total amount of estimated tax payments you made

................

(see instructions)

20 Add lines 18 and 19 ......................................................................................................................................................... 20

21 Total underpayment for year. Subtract line 20 from line 17

............................. 21

(if zero or less, you do not owe the penalty)

22 Multiply line 21 by .04985 and enter the result ................................................................................................................ 22

23 If the amount on line 21 was paid on or after April 15, 2015, enter 0. If the amount on line 21 was paid before

April 15, 2015, make the following computation to find the amount to enter on this line:

number of days paid before April 15, 2015

Amount on line 21

.00020

..................................................... 23

24 Penalty. Subtract line 23 from line 22 ............................................................................................................. 24

Enter here and on Form IT-201, line 81; Form IT-203, line 71; or Form IT-205, line 42.

Part 3 – Regular method – Schedule A – Computing your underpayment

(Schedule B is on the back)

6/15/14

Payment due dates

4/15/14

9/15/14

1/15/15

25 Required installments. Enter ¼ of line 17

in each column.

(If you used the annualized

income installment method, see instructions.) ..