State of Rhode Island and Providence Plantations
2014 Form RI-2210
14101299990101
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 2014 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 2014 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 2013 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% (.120205).........................................................................................................................
10
11
If the amount on line 9 was paid on or after 4/15/2015, enter $0
If the amount on line 9 was paid before 4/15/2015, make the following calculation:
The amount on line 9 (times) the number of days paid before 4/15/2015 (times) .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. Check the box on that line and attach this form to your Rhode Island return.
PAYMENT DUE DATES
PART 3 - FIGURE YOUR UNDERPAYMENT
Column A
Column B
Column C
Column D
04/15/2014
06/15/2014
09/15/2014
01/15/2015
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
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