Schedule
North Dakota Offi ce of State Tax Commissioner
2012
Calculation of interest on underpayment
ND-1UT
or late payment of estimated income tax
Attach to Form ND-1
for individuals
Name(s) shown on return
Social security number
IMPORTANT:
Read the instructions on the reverse side before attempting to complete this form.
•
Do not complete this form unless you were required to pay estimated federal income tax for the 2012 tax year.
•
See “Federal estimated income tax requirement” in General Instructions.
Part 1 - Exceptions to regular computation of underpayment
See the instructions for a description of each of the exceptions listed below. If one of them applies, fi ll in the
applicable circle, complete Parts 2 and 3 as instructed, and attach Schedule ND-1UT to your return.
A.
Qualifi ed farmer (4th quarter payment required)
C.
Federal 4th quarter exception
B.
Federal annualized income installment method
D.
Part-year North Dakota requirement
(Attach copy of Form 2210)
Part 2 - Computation of underpayment
1. Enter 2012 net tax liability (from Form ND-1, line 27, or Form ND-EZ, line 2) ............................................. 1 ______________
2. Multiply line 1 by 90% (.90) [or 66 2/3% (.6667) if a qualifi ed farmer] ...................
2 ______________
3. Enter 2012 withholding (from Form ND-1, line 28, or Form ND-EZ, line 3) ................................................. 3 ______________
4. Subtract line 3 from line 1. If less than $500, stop; you were not required to pay estimated tax
for 2012 ......................................................................................................................................... 4 ______________
5. Enter 2011 net tax liability (from Form ND-1, line 27, or Form ND-EZ, line 2). If no return was required
to be fi led for 2011, enter -0-. If less than $500, stop; you were not required to pay estimated
tax for 2012 .................................................................................................................................... 5 ______________
6. Total required payment. Enter smaller of line 2 or line 5. However, if you moved into North Dakota
in 2011, fi ll in this circle
and enter the amount from line 2 above
...................................................... 6 ______________
If one of the exceptions in Part 1 applies, see the
Payment due date
instructions to line 7 before completing the rest
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
of this form.
April 15, 2012
June 15, 2012
Sept. 15, 2012
Jan. 15, 2013
7. Enter 25% of amount on line 6 in each column (or, if an exception
in Part 1 applies, enter the amount per instructions to line 7) .........
7 __________ __________ __________ __________
8. Enter estimated tax paid and tax withheld (See instructions)..........
8 __________ __________ __________ __________
Complete lines 9 through 15 of one column
before going to next column.
9. Enter amount, if any, from line 13 of previous column ...................
9
__________ __________ __________
10. Total paid. Add lines 8 and 9 ......................................................
10 __________ __________ __________ __________
11. Add lines 14 and 15 of previous column and enter result ...............
11
__________ __________
12. Overpayment. If line 10 is greater than line 7, subtract line 7
from line 10 and enter result. Otherwise, enter -0- .......................
12 __________ __________ __________
13. Overpayment carryover. If line 12 is greater than line 11,
subtract line 11 from line 12 and enter result. Otherwise, enter -0-
13 __________ __________ __________
14. Underpayment carryover. If line 11 is greater than line 12,
subtract line 12 from line 11 and enter result. Otherwise, enter -0-
14
__________ __________
15. Underpayment. If line 7 is greater than line 10, subtract
line 10 from line 7 and enter result. Otherwise, enter -0- ...............
15 __________ __________ __________ __________
Part 3 - Computation of interest (See instructions)
16. Interest computation:
a
Enter date of payment (See instructions) .............................. 16a __________ __________ __________ __________
b
Enter number of days from the payment due date to the
date on line 16(a) .............................................................. 16b __________ __________ __________ __________
c
Divide line 16(b) by 365 and round to three decimal places ..... 16c __________ __________ __________ __________
d
Multiply line 16(c) by 12% (.12) and round to three
decimal places ................................................................... 16d __________ __________ __________ __________
e
Multiply line 15 by line 16(d) and enter result ........................ 16e __________ __________ __________ __________
17. Total interest. Add the amounts in all four columns on line 16(e). Enter result here
and on Form ND-1, line 39. (See instructions) ...................................................................................... 17 ______________