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New York State Department of Taxation and Finance Underpayment of Estimated Income Tax By Individuals and Fiduciaries New York State IT2105.9 New York City Yonkers Name’s) as shown on return Identification
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How to fill out form it-21059b2012bunderpayment of estimated
01
The form it-21059b2012bunderpayment of estimated is used by individuals who have underpaid their estimated taxes for the tax year.
02
To fill out the form, start by entering your personal information such as your name, Social Security number, and address.
03
Next, calculate the total amount of estimated tax you are required to pay for the year.
04
If you have already made any estimated tax payments, enter those amounts in the appropriate section of the form.
05
Subtract the payments made from the total estimated tax to determine the amount of underpayment.
06
The underpayment is subject to interest and penalties, so it's important to calculate them accurately as well.
07
Complete the rest of the form by following the instructions provided, ensuring that all required information is provided.
08
Once you have filled out the form, you may need to attach any supporting documents or schedules as instructed.
09
Before submitting the form, review it carefully to avoid any errors or omissions.
10
Individuals who have failed to pay enough estimated tax throughout the year and owe a significant amount may need to use this form to calculate and report their underpayment to the IRS.
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What is form it-21059b2012bunderpayment of estimated?
Form it-21059b2012bunderpayment of estimated is a form used to report underpayment of estimated taxes.
Who is required to file form it-21059b2012bunderpayment of estimated?
Individuals who have underpaid their estimated taxes are required to file form it-21059b2012bunderpayment of estimated.
How to fill out form it-21059b2012bunderpayment of estimated?
Form it-21059b2012bunderpayment of estimated can be filled out by providing information on the underpaid amounts and calculating the penalty.
What is the purpose of form it-21059b2012bunderpayment of estimated?
The purpose of form it-21059b2012bunderpayment of estimated is to calculate and report the underpayment penalty for estimated taxes.
What information must be reported on form it-21059b2012bunderpayment of estimated?
Form it-21059b2012bunderpayment of estimated requires reporting of underpaid amounts and calculation of the penalty.
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