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Underpayment Of Estimated Tax By Nonresidents - Louisiana Department Of Revenue - 2002

2002

Louisiana

Underpayment of Estimated Tax by Nonresidents — Simple Method

(Attach this form to Form IT-540B if penalty is due,

DO NOT ATTACH IF NO PENALTY IS DUE)

NAME(S) AS SHOWN ON FORM IT-540B

SOCIAL SECURITY OR I.D. NUMBER

Nonresident and Part-Year Resident Filers (IT-540B Return)

If on the tax return Line 14A less Line 15E is greater than $1,000 for Single, Married filing Separately, and

Head of Household filers or $2,000 for Married filing Jointly and Widow(er) filers then, continue; otherwise,

no penalty is due.

Your Louisiana Income Tax Amount (Line 12)

___________

Less:

Nonrefundable Credits (Line 13)

___________

Refundable Credits (Add Lines 15C and 15D.)

___________

Balance Due (Subtract Line B — Nonrefundable and Refundable

Credits — from Line A.)

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Exception to avoid the penalty:

Enter 90% of Balance Due (Multiply Line C above by .90).

___________

Withholding and Other Payments (Add Lines 15A and 15B.)

___________

If Line E is Equal to or Greater than Line D, STOP no penalty is due.

If Line E is Less than Line D, continue to compute the penalty.

Amount Subject to Penalty (Subtract Line E from Line D.)

___________

Penalty Rate (6%)

.06

Penalty due (Multiply Net Balance Due by Penalty Rate. Enter here

and include on the Total Penalty and Interest line in the Interest and

Penalty Calculation Worksheet on page 10 of the instruction booklet.)

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If the complex statutory method is used, enter the penalty amount here

and include on the Total Penalty and Interest line in the Interest and

Penalty Calculation Worksheet on page 10 of the instruction booklet.)

Attach Schedule of Penalty Calculation.

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Underpayment Of Estimated Tax By Nonresidents - Louisiana Department Of Revenue - 2002