Screen INPen - Indiana Penalties and Interest (1040)

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General Information

Date return filed
If the date you enter is later than the return due date, the penalty for failure to pay (FTP), the penalty for failure to file (FTF) and the interest on the underpayment calculates automatically. If you leave this field blank, the field defaults to the due date (original or extended) of the return.

Underpayment of Estimated Tax

tax
The prior year state tax and county tax less nonrefundable and refundable credits amount proforma's to this field.
state taxable income
Enter the amount of the Indiana taxable income if you didn't proforma. This information calculates exceptions to the Indiana underpayment penalty.
Farming or fishing income: gross income / ... / gross income from farming or fishing
Enter amounts
only
when two-thirds or more of gross income is from farming or fishing.

Annualized Income

Use this section to enter information for the calculation of Form IT-2210 penalties when income and deductions occur unevenly during the year. The fourth quarter of annualized income and deductions are automatically on Form IT-2210.
Indiana adjusted income
Enter the cumulative Indiana adjusted income for the first, second, and third periods.
County tax
If there is county tax and the taxpayer is annualizing their income, enter the annualized county tax amounts.
Credits (Force)
The total credits on the return prorate to correspond with each annualization period. You can force different amounts here.
State tax withheld
If Indiana state withholding wasn't withheld equally throughout the year, enter the actual amount withheld for each period.
County tax withheld
If Indiana county withholding wasn't withheld equally throughout the year, enter the actual amount withheld for each period.

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