Free 2008 Schedule U Underpayment of Estimated Tax by Individuals and Fiduciaries (pdf fillable format) - Wisconsin

TAB through to navigate. Use mouse to check applicable boxes, press spacebar, or press Enter.

Save

Print

Clear

2008
Legalname(s)shownontaxreturn

UNDERPAYMENT.OF.ESTIMATED.TAX BY.INDIVIDUALS.AND.FIDUCIARIES
u...Enclose.with.your.Wisconsin.income.tax.return...u

Schedule
Wisconsin DepartmentofRevenue

U

YoursocialsecuritynumberortrustIDnumber

PART.I
1 2 3 4 5 6 7 8 9 10

Required.Annual.Payment­Allfilersmustcompletethispart.

Fillinyour2008nettax(fromForm1,line35;Form1A,line24;Form1NPR,line61;orForm2,line16) . . . . . . 1 Recyclingsurcharge(fromForm1,line36;Form1NPR,line62;orForm2,line18) . . . . . . . . . . . . . . . 2 Addlines1and2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . Othercredits(seeinstructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Subtractline4fromline3.Ifzeroorless,donotcompleteorfilethisform . . . . . . . . . . . . . . . . . . . . . . . 5 Multiplyline5by90%(.90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Wisconsintaxwithheldfor2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Subtractline7fromline5.Iflessthan$200,donotcompleteorfilethisform . . . . . . . . . . . . . . . . . . . . . 8 Fillinyourprioryear(2007)tax(seeinstructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Requiredannualpayment.Fillinthesmallerofline6orline9(seeinstructions) . . . . . . . . . . . . . . . . . . 10 Short.Method­Youmayusethismethodifyoudidnotmakeestimatedtaxpaymentsorifyoumadeestimatedtax paymentsontheduedatesandinfourequalamounts.Otherwise,usetheregularmethod(PartIII).

PART.II

11 Fillintheamount,ifany,fromline7above . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Fillinthetotalamount,ifany,ofestimatedtaxpaymentsyoumade . . . . . . . 12 13 Addlines11and12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Totalunderpaymentforyear.Subtractline13fromline10.Iftheresultiszeroorless,stophere; youdonotoweunderpaymentinterest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Multiplyline14by.07964andfillintheresult . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 · Iftheamountonline14waspaidonorafter4/15/09,enter-0-. · Iftheamountonline14waspaidbefore4/15/09,makethefollowingcomputationtofind theamounttoenteronline16: Amounton Numberofdayspaid x x line14 before4/15/09 .0003287 . . . . . . . . 17 Underpaymentinterest.Subtractline16fromline15.Alsowritethisamounton line57ofForm1,line39ofForm1A,line85ofForm1NPR,orline34ofForm2. Thenincreasetheamountyouoweordecreaseyourrefundaccordingly. . . . . . . . . . . . . Total.Due . Regular.Method PART.III
April15,2008

13 14 15

16 17 $

DueDatesofInstallments* June16,2008 Sept.15,2008

Jan.16,2009



18 Divideline10byfour(4)andfillintheresultineach column(seeinstructionsforexceptions) . . . . . . . . . . . . . . 18 19 Estimatedtaxpaid(seeinstructions) . . . . . . . . . . . . . . . . 19 20 Taxwithheld.Fillinone-fourthofline7ineachcolumn (seeinstructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Addlines19and20.Thisisyourtotalpayment . . . . . . . . 21 22 Ifline21issmallerthanline18,subtractline21from line18.Thisisyourunderpayment(seeinstructions) . . . . 22 23 Ifline21islargerthanline18,subtractline18from line21.Thisisyouroverpayment . . . . . . . . . . . . . . . . . . . 23 24 Carrybackofoverpaymentorlatepayment(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 25 Carryforwardofoverpayment(seeinstructions) . . . . . . . . 25 26 Subtractthetotaloflines24and25fromline22. Thisisyournetunderpayment . . . . . . . . . . . . . . . . . . . . . 26 27 Numberofdaysfromtheduedateoftheinstallment tothedatecarrybackamountonline24waspaid . . . . . . 27 28 Numberofdaysfromtheduedateoftheinstallment tothedatebalancedueontaxreturnwaspaidor April15,2009,whicheverisearlier . . . . . . . . . . . . . . . . . . 28 29 Interest: Daysonline27 x .12 x Amounton line24 . . . 29 $ 365 $ 30 Interest: Daysonline28 x .12 x Amounton line26 . . . 30 $ 365 $ 31 Underpaymentinterest.Fillinthesumofallamountsonlines29and30.Alsowrite

$ $

$ $

thisamountonline57ofForm1,line39ofForm1A,line85ofForm1NPR,orline34 ofForm2.Thenincreasetheamountyouoweordecreaseyourrefundaccordingly. . . . . . . . . . . . . . Total.Due .

31 $

D-104

* Theduedatesshownareforcalendaryeartaxpayers.Adjustthesedatesaccordinglyforfiscalyearreturns.

Go to Page 2

ScheduleU
Legalname(s)shownontaxreturn

Page2
YoursocialsecuritynumberortrustIDnumber

PART.IV

Annualized.Income.Installment.Method.Worksheet.­Completelines32through58onlyifcomputinginstallments usingannualizedincomeinstallmentmethod. 1/1/08.to 3/31/08 1/1/08.to 5/31/08 1/1/08.to 8/31/08 1/1/08.to 12/31/08

(Caution:Completeonecolumnthroughline58beforecompletingthenextcolumn.)
(Estatesandtrusts,donotusetheperiodendingdatesshowntotheright. Instead,substitutethefollowing:2/29/08,4/30/08,7/31/08,and11/30/08.)

.32 FillinyourWisconsinincomeforeachperiodshown (nonresidentsandpart-yearresidents,seeinstructions) . . . . . . 32


.33 Annualizationamounts.(Estatesandtrusts,donotuseamounts showntotheright.Instead,use6,3,1.71429,and1.09091.) . . . . . . . 33 .



4

2 .4

1 .5

1

.34 Annualizedincome(multiplyline32byline33) . . . . . . . . . . . . . . 34 .35 Standarddeduction/netoperatingloss(seeinstructions) . . . . . . 35 .36 Subtractline35fromline34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 .37 Fillinyourdeductionforexemptions(seeinstructions) . . . . . . . . 37 .38 Subtractline37fromline36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 .39 Fillinyourtaxontheamountonline38(seeinstructions) . . . . . 39 .40 Fillinyourcredits(seeinstructions) . . . . . . . . . . . . . . . . . . . . . . . 40 .41 Subtractline40fromline39.Ifzeroorless,fillin-0 (nonresidentsandpart-yearresidents,seeinstructions) . . . . . . . 41 .42 Fillinyouralternativeminimumtax(seeinstructions) . . . . . . . . . 42 .43 Addlines41and42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 .44 Fillintheamountofcreditfromline34ofyour2008Form1 orthetotalofthecreditsfromlines53and60ofyour 2008Form1NPR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 .45 Subtractline44fromline43.Ifzeroorless,fillin-0- . . . . . . . . . 45 .46 Recyclingsurcharge(seeinstructions) . . . . . . . . . . . . . . . . . . . . 46 .47 Addlines45and46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 .48 Othercredits(seeinstructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 48 .49 Subtractline48fromline47.Ifzeroorless,fillin-0-. Thisisyourannualizednettax . . . . . . . . . . . . . . . . . . . . . . . . . . 49 . .50 Applicablepercentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 .51 Multiplyline49byline50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 .52 Fillinthecombinedamountsofline58fromall precedingcolumns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 .53 Subtractline52fromline51.Ifzeroorless,fillin-0- . . . . . . . . . 53 .54 Divideline10inPartIonpage1ofScheduleUbyfour(4) andfillintheresultineachcolumn . . . . . . . . . . . . . . . . . . . . . . . 54 .55 Fillintheamountfromline57oftheprecedingcolumnof thisworksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 .56 Addlines54and55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 .57 Subtractline53fromline56.Ifzeroorless,fillin-0- . . . . . . . . . 57 .58 Fillinthesmallerofline53orline56hereandonline18 ofScheduleU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 . 22.5% 45% 67.5% 90%

CAUTION:

· Thetotaloftheamountsonline58shouldequalline10ofPartIofScheduleU. · Periodendingdatesshownaboveareforcalendaryeartaxpayers.Adjustthesedatesaccordinglyforfiscalyearreturns. · Iftheaboveworksheetisusedtofiguretheamounttoenterinanycolumnofline18ofScheduleU,itmustbeusedtofigurethe amountstoenterinallfourcolumns.

Return to Page 1