bw98-TAX BOOK.QUARK FILE - Ohio Department of Taxation ...

Line 17b — Refundable
Pass-Through Entity Credits
If you are a direct or indirect investor in a pass-through entity
that filed and paid Ohio tax on Form IT-4708 (Master
Return for Pass-through Entities) or Form IT-1140, you
should enter the amount of tax paid on your behalf.
Investors who claim this credit for taxes paid on their behalf
must attach Federal K-1’s which reflect the amount of Ohio
tax paid.
The K-1 should show the amount of the distributive share of
income; the amount of Ohio tax paid; the legal name of the
entity; and the entity’s federal employer identification number
(FEIN).
Enter the total of lines 17a and 17b on line 17.
Line 18 — Total Payments
Add the amounts on lines 15, 16, and 17 and write the total
on line 18.
Line 19 — Tax Due
If line 18 is less than line 14, you owe more tax. Subtract line
18 from line 14 and enter the tax you owe on line 19.
Line 19a — Interest Penalty
Most taxpayers are not required to enter an amount on this
line. However, you may owe an interest penalty if your 1998
Ohio tax withheld, including pass-through entity tax withheld
(lines 15 and 17b, 1998 IT-1040) is less than both of the following:
• 90% of your 1998 Ohio income tax (line 14, 1998 IT-
1040) less $300; and
• 100% of your 1997 Ohio income tax (line 14, 1997 IT-
1040 or line 2 1997 IT-1040EZ) less $300.
To see if you owe an interest penalty you may either complete
Form IT-2210 or elect for us to do the computation. If we do
the computation and find that you owe an interest penalty, we
will send you a bill — but see “lowering your interest
penalty” below.
If you elect to do the computation and you owe an interest penalty,
enter on line 19a the total interest penalty due from your
1998 IT-2210. Check the box next to line 19a that indicates
that you have completed Form IT-2210 and attach Form IT-
2210 to your Ohio income tax return (Form IT-1040).
Lowering your interest penalty:
You may not owe the interest penalty or you may be able to
lower the amount of your interest penalty if either of the following
conditions apply and you complete Form IT-2210 and
attach it to your return:
• Your income varied during the year and you used the
annualized income installment method (part II of Form
IT-2210) to figure your quarterly tax payments, or
• You had Ohio income tax withheld from your wages and
you elect for each quarter’s computation (part I of Form
IT-2210) to show when the tax was actually withheld
instead of in four equal amounts.
NOTE: Form IT-2210 may be obtained by contacting any
of the offices listed on the back of this booklet.
14
Line 19b — Amount You Owe
Add the amount(s) on line 19 and line 19a and enter the total
on line 19b. This is the amount you owe.
• Make your check or money order payable to the Treasurer
of State of Ohio. Write your social security number on
your check or money order.
• If you cannot pay the amount you owe, you should still file
the return by April 15th to avoid the late filing penalty.
Line 20 — Amount Overpaid
If line 18 is larger than line 14, you have overpaid. Subtract
line 14 from line 18 and enter the amount of overpayment on
line 20.
If you have an overpayment on line 20 of your 1998
STOP
Form IT-1040 but owe interest penalty, show your
total overpayment on line 20 of your IT-1040 and then
deduct the interest penalty (line 19a) in arriving at the net
amount on line 23 (ONLY if you are crediting all of your
overpayment to 1999) or the net amount on line 24.
Line 21 and 22 — Wildlife and
Natural Areas Checkoff
If you have an overpayment on line 20, you may donate part
of it or all of it to either or both of the two programs in the
Ohio Department of Natural Resources. These programs
work to protect your natural heritage. Due to the confidentiality
of your tax return, these programs cannot know who
donates and are therefore unable to thank you directly for
your donations. They wish, however, to express their sincere
appreciation to those taxpayers who supported the protection
of Ohio’s natural heritage last year.
Line 21 may be used to benefit Ohio’s endangered
wildlife and to increase the wildlife diversity
in the state. The Division of Wildlife uses
your donation to acquire and restore critical
habitat, reintroduce and reestablish various wildlife
species to Ohio, increase awareness and appreciation of
wildlife diversity through educational programs and conduct
research projects of critical importance to wildlife populations.
Donations to this fund have enabled the Division of Wildlife to
increase the number of nesting bald eagles, reintroduce river
otters, peregrine falcons, paddlefish, and trumpeter swans.
With 127 animals classifed as endangered in the state and critical
habitat being lost to development, the effort is far from finished.
Please join us in securing a future for wildlife currently in jeopardy
by making a donation. Your financial help will benefit
native wildlife and enhance the quality of life for all Ohioans.
Line 22 may be used to donate to the preservation
of Ohio’s threatened natural heritage. Ohio
natural areas, scenic rivers and endangered
plants and animals all benefit from donations to
the Division of Natural Areas and Preserves. These areas we
are protecting today serve as vital links to Ohio’s natural history.
They provide an extremely rich resource for many of our
state’s educational institutions who often use these natural
sanctuaries as outdoor classrooms. Your gifts have provided
new visitor facilities, supported nature awareness programs,