Kansas Individual Underpayment of Estimated Tax Schedule
Extracted from PDF file 2020-kansas-form-k-210.pdf, last modified September 2020
Individual Underpayment of Estimated Tax ScheduleK-210 (Rev. (7-20) 2020 180018 KANSAS UNDERPAYMENT OF ESTIMATED TAX (INDIVIDUAL INCOME TAX) Name as shown on Form K-40 Social Security Number CURRENT AND PRIOR YEAR INFORMATION 1. Amount from line 19, 2020 Form K-40........................................................................... 1 2. Multiply line 1 by 90% (farmers and fishers multiply by 66 2/3%).................................. 2 3. Prior year’s tax liability (from line 19, 2019 Form K-40)................................................. 3 4. Enter the total amount of your 2020 Kansas income tax withheld................................. 4 NOTE: If any due date falls on a Saturday, Sunday, or legal holiday, substitute the next regular work day. PART I – EXCEPTIONS TO THE PENALTY 5. Cumulative total of your 2020 withholding................. 5 6. Cumulative timely paid estimated tax payments from January through each payment due date.................. 6 7. Total amount withheld and timely paid estimated payments (add lines 5 and 6)..................................... 7 8. Exception 1 – Cumulative amount from either line 2 or line 3, whichever is less............................................. 8 9. Exception 2 – Tax on annualized 2020 income; enclose computation. (Farmers/fishers use line 9b)..... 9a 1/1/20 - 4/15/20 1/1/20 - 6/15/20 1/1/20 - 9/15/20 1/1/20 - 1/15/21 25% of line 4 50% of line 4 75% of line 4 100% of line 4 25% of line 2 or 3 50% of line 2 or 3 75% of line 2 or 3 100% of line 2 or 3 22.5% of tax 45% of tax 67.5% of tax 90% of tax 66.66% of tax 9b PART II – FIGURING THE PENALTY 10. Amount of underpayment. Enter the sum of line 8 less line 7; line 9a less line 7; or, line 9b less line 7, whichever is applicable............................................. 10 11. Due date of each installment..................................... 11 4/15/20 12. Number of days from the due date of the installment to the due date of the next installment or 12/31/20, whichever is earlier. If paid late, see instructions...... 12 61 13. Number of days from 1/15/21 to date paid or 4/15/21, whichever is earlier. If paid late, see instructions...... 13 14. Line 12 X 6% X amount on line 10.......................... 366 14 15. Line 13 X 4% X amount on line 10.......................... 365 16. Penalty (add lines 14 and 15)................................... 6/15/20 92 9/15/20 1/15/21 107 15 15 16 17. Total penalty. Add amounts on line 16 and enter the total here and on line 33, Estimated Tax Penalty, 17 on the back of Form K-40...................................................................................................................... Page 15 INSTRUCTIONS FOR SCHEDULE K-210 If any due date falls on a Saturday, Sunday, or legal holiday, substitute the next regular work day. WHO MAY USE THIS SCHEDULE If you are an individual taxpayer (including farmer or fisher), use this schedule to determine if your income tax was fully paid throughout the year by withholding and/or estimated tax payments. If your 2020 tax due (line 19 of Form K-40 — DO NOT include use tax from line 20 of the K-40), less withholding and tax credits (excluding estimated tax payments made) is $500 or more, you may be subject to an underpayment of estimated tax penalty and must complete this form. Taxpayers (other than farmers or fishers) are not required to make a payment for the January 15th quarter if a Form K-40 was filed and the tax was paid in full on or before January 31, 2021. Farmers and Fishers: If at least two-thirds of your annual gross income is from farming or fishing and you filed Form K-40 and paid the tax on or before March 1, 2021, you may be exempt from any penalty for underpayment of estimated tax. If exempt, write “Exempt–farmer/fisher” on line 1 and do not complete the rest of this schedule. If you meet this gross income test, but you did not file a return and pay the tax on or before March 1, 2021, you must use this schedule to determine if you owe a penalty for underpayment of estimated tax. COMPLETING THIS SCHEDULE This exception applies if the amount on line 7 exceeds the amount on line 9a or 9b (as applicable). If you are a farmer or fisher, you will only complete the last column on line 9b. For example, to figure the first column, total your income from January 1 to March 31, 2020 and multiply by 4. Subtract your deductions (standard or itemized) and your exemption allowance amount. Using this net annualized income figure, compute the tax. Multiply the tax by the percentage rate in the first column. Repeat these instructions for the remaining three columns, using the multiplication factors given above to annualize the income for that period. Enclose a schedule showing your computation of annualized income and tax amounts. If the amount on line 7 (for each column) is equal to or greater than the amount on line 9a (for each column), or line 9b, for farmers or fishers – no penalty is due and no further entries are required. PART II – FIGURING THE PENALTY LINE 10: Enter on line 10 the amount of underpayment of tax, which is the lesser of one of the following computations: • Line 8 less line 7; or, • Line 9a less line 7; or, • Line 9b less line 7 Enter your name and your Social Security number in the space provided at the top of this schedule. LINE 11: This line contains the due date of each installment for a calendar year taxpayer. LINES 1 through 4: Complete these lines based on information on your income tax return for this tax year and last tax year. LINE 12: The number of days on line 12 are precomputed for a calendar year taxpayer that made timely payments. If you did not make timely payments, you should disregard the precomputed number of days on line 12 and compute the number of days on each quarter to the date paid. If you did not file an income tax return for the prior tax year, or if you did file a return but your income tax balance (line 19, Form K-40) was zero, then enter zero on line 3 of this schedule. PART I – EXCEPTIONS TO THE PENALTY You are NOT subject to a penalty if your 2020 tax payments (line 7) equal or exceed the amounts for one of the exceptions (lines 8 or 9a or 9b) for the same payment period. LINE 5: Multiply the amount on line 4 by the percentage shown in each column of line 5. LINE 6: Enter the cumulative amount of timely paid estimated tax payment made in each quarter. For example, Column 3 will be the total of your estimated tax payments made from January 1 through September 15, 2020. LINE 7: For each column, add lines 5 and 6 and enter the result on line 7. LINE 8: Exception 1 applies if the amount on line 7 of a column equals or exceeds the amount on line 8 for the same column. Multiply line 2 or 3 (whichever is less) by the percentages shown in each column of line 8. If the amount on line 7 (for each column) is equal to or greater than the amount on line 8 (for each column) – no penalty is due and no further entries are required. LINE 9: Exception 2 applies if your 2020 tax payments equal or exceeds 90% (66 2/3% for farmers and fishers) of the tax on your annualized income for these 2020 periods: January 1 – March 31 January 1 – May 31 January 1 – August 31 January 1 – December 31 Page 16 Multiply income by 4 Multiply income by 2.4 Multiply income by 1.5 Multiply income by 1 EXAMPLE: If you paid the 6/15/20 installment on 6/28/20 the number of days to enter on line 12, column 2 will be computed from 6/15/20 to 6/28/20, which equals 13 days. If you then paid the next quarter timely at 9/15/20, the number of days will be from 9/15/20 to 1/15/21, which equals the 122 days (107 already entered + 15). LINE 13: The penalty rate begins in column 3 for a calendar year taxpayer, therefore no entry is required in columns 1 and 2. The 15 days in the 3rd column are from 1/1/21 to 1/15/21. If you did not make timely payments, you should disregard the precomputed number of days on line 13 and compute the number of days on each quarter to the date paid. • If you file your return prior to 1/15/21, enter in the third column the number of days from 1/1/20 to the date filed and disregard the precomputed number of days (15) entered on line 13. • The fourth column must be completed by you. Enter the number of days from 1/15/21 to the date the return was filed and paid. LINES 14 and 15: Penalty is computed to 12/31/20 at 6% and from 1/1/21 to the date the tax was paid or 4/15/21, whichever is earlier, at 4%. LINE 16: For each column, add lines 14 and 15 and enter the result on line 16. LINE 17: Add the amounts on line 16 together and enter the result on line 17. Also enter this amount on Form K-40, line 33, Estimated Tax Penalty.
K-210 Underpayment of Estimated Tax Rev. 7-20
More about the Kansas Form K-210 Individual Income Tax Estimated TY 2020
We last updated the Individual Underpayment of Estimated Tax Schedule in February 2021, so this is the latest version of Form K-210, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form K-210 directly from TaxFormFinder. You can print other Kansas tax forms here.
Other Kansas Individual Income Tax Forms:
|Form Code||Form Name|
|Form K-40ES||Individual Estimated Income Tax Vouchers|
|Form K-40||Individual Income Tax Return|
|Form K-40H||Homestead Claim|
|Form K-40V||Kansas Payment Voucher|
|Schedule S||Individual Income Tax Supplemental Schedule|
Kansas usually releases forms for the current tax year between January and April. We last updated Kansas Form K-210 from the Department of Revenue in February 2021.
Form K-210 is a Kansas Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Kansas Form K-210
We have a total of nine past-year versions of Form K-210 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
K-210 Underpayment of Estimated Tax Rev. 7-20
2019 Income Forms and Instructions Rev. 10-19
K-210 Underpayment of Estimated Tax Rev. 7-18
Underpayment of Estimated Tax K-210 Rev. 8-17
2016 Individual Income Tax Instruction Booklet
K-210 Individual Underpayment of Estimated Tax Rev. 7-15
K-210 Individual Underpayment of Estimated Tax (Rev. 9-13)
K-210 Individual Underpayment of Estimated Tax (Rev. 7-12)
K-210 Underpayment of Estimated Individual Tax (Rev. 7-11)
While we do our best to keep our list of Kansas Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.