Franklin County Area Tax Bureau - Taxpayer Filing
Interest and Penalty / Late Fee Estimator (Form 531 - Lines 18, 19 and 20)
FOR THE MOST ACCURATE RESULTS, YOU WILL NEED INFORMATION FROM YOUR PRIOR YEAR'S TAX RETURN WHEN USING THIS ESTIMATOR. THE ESTIMATOR ASSUMES YOUR NON-WITHHELD TAX LIABILITY WAS BASED ON INCOME RECEIVED EVENLY THROUGH THE YEAR.
Complete Sections 1 to 4 below and then click the "Estimate" button. Any Interest, Penalties, or Fees to be entered on lines 18, 19, or 20 of your tax return will be estimated and displayed under the "Estimate" button.
Enter dates in mm/dd/yyyy format, or use calendar button to select dates.
1
Tax Return Identifying Information:
Tax Return Year:
*Select a Tax Year
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Taxpayer's SS#:
Taxpayer's Full Name#:
Amount
Date (mm/dd/yyyy)
2
Enter the Tax Balance Due On Your Tax Return (Line 17) and the Date you will be making the payment / filing the Return:
$
3
Enter Estimated Payment(s) You Made for the tax year indicated on Line 1 and the date(s) you made the payment(s):
Amount(s)
Date(s) (mm/dd/yyyy)
Carry-over credit from prior year (From Section 4 below):
$
Estimated Payment 1:
$
Estimated Payment 2:
$
Estimated Payment 3:
$
Estimated Payment 4:
$
Estimated Payment 5:
$
Estimated Payment 6:
$
Enter the following from the Tax Return you filed with us in
(Prior Year's Tax Return):
Note: The estimator will not take into account the possibility of a "safe harbor" when calculating quarterly interest and penalty (line 20) if this section is not completed.
Note: Estimator results will be compared to the actual taxpayer record on the FCATB system when the return is filed and payment is made, so actual results may be different than the Estimator.
Actual results could also vary from the Estimator if the date used in item 2 of the Estimator is different than the day that the taxpayer makes the payment and files the return.
4
Enter the following information from your
tax return:
Check if you were not required to file a Franklin County tax return last year
Line 14 Amount (Quarterly Payments):
$
Line 17 Amount (Tax Balance Due):
$
Line 24 Amount (Credited to Next Year's Tax):
$
What date did you file last year's tax return: (mm/dd/yyyy)
Enter the amounts indicated below on the Line 18, 19, and 20 of your tax return:
Line 18
Annual Interest and Penalty
$
Line 19
Late Filing Fee
$
Line 20
Quarterly Interest and Penalty:
$