This document is instructions for calculating penalties for underpayment of estimated taxes on a Kansas individual income tax return form (K-40). It provides details on exceptions to penalties if certain payment thresholds are met based on the taxpayer's income and withholding for the tax year. It also explains how to calculate the number of days late payments were made and how to determine penalty amounts owed for each installment period. The total penalty is carried over to line 32 of the K-40 form.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
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A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
k-210 ksrevenue.org
1. K-210 KANSAS 2008
Individual Underpayment of Estimated Tax
(Rev. 7/08)
Name as shown on Form K-40 Social Security Number
CURRENT AND PRIOR YEAR INFORMATION
1. Amount from line 17, 2008 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 17, 2007 Form K-40) .........................................................
3
4. Enter the total amount of your 2008 Kansas income tax withheld ..........................................
4
PART I – EXCEPTIONS TO THE PENALTY 1/1/08 - 4/15/08 1/1/08 - 6/15/08 1/1/08 - 9/15/08 1/1/08 - 1/15/09
25% of line 4 50% of line 4 75% of line 4 100% of line 4
5
5. Cumulative total of your 2008 withholding .....................
6. Cumulative timely paid estimated tax payments from 6
January through each payment due date ......................
7. Total amount withheld and timely paid estimate 7
payments (add lines 5 and 6) .......................................
25% of line 2 or 3 50% of line 2 or 3 75% of line 2 or 3 100% of line 2 or 3
8. Exception 1 – Cumulative amount from either line 2 or 8
line 3, whichever is less ................................................
22.5% of tax 45% of tax 67.5% of tax 90% of tax
9a
9. Exception 2 – Tax on annualized 2008 income;
enclose computation. (Farmers/fishers use line 9b.) 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,
10
whichever is applicable ...............................................
11. Due date of each installment ......................................
11 4/15/08 6/15/08 9/15/08 1/15/09
12. Number of days from the due date of the installment
to the due date of the next installment or 12/31/08, 61 92 107
12
whichever is earlier. If paid late, see instructions .........
13. Enter the number of days from 1/15/09 to the date
paid or 4/15/09, whichever is earlier. If paid late, see 15
13
instructions ................................................................
14. Line 12
X 9% X amount on line 10 14
.......................
366
15. Line 13 15
X 6% X amount on line 10 ..........................
365
16
16. Penalty (Add lines 14 and 15) ....................................
17. Total penalty. Add amounts on line 16 and enter the total here and on line 32, Estimated Tax Penalty, on 17
the back of Form K-40 ............................................................................................................................
Page 41
2. 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 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
If you are an individual taxpayer (including farmer or fisher), use only complete the last column on line 9b.
this schedule to determine if your income tax was fully paid
For example, to figure the first column, total your income from
throughout the year by withholding and/or estimated tax payments.
January 1 to March 31, 2008 and multiply by 4. Subtract your
If your 2008 tax due (line 17 of the K-40 - DO NOT include
deductions (standard or itemized) and your exemption allowance
compensating tax from line 18 of the K-40), less withholding and amount. Using this net annualized income figure, and your 2008
tax credits (excluding estimated tax payments made) is $500 or Kansas Income Tax Booklet, figure the tax. Multiply the tax by the
more, you may be subject to an underpayment of estimated tax percentage rate in the first column.
penalty and must complete this form.
Repeat these instructions for the remaining three columns, using
Taxpayers (other than farmers or fishers) are not required to
the multiplication factors given above to annualize the income for
make a payment for the January 15th quarter if a Form K-40 was
that period. Enclose a schedule showing your computation of
filed and the tax was paid in full on or before January 31, 2009.
annualized income and tax amounts. If the amount on line 7 (for
Farmers & Fishers: If at least two-thirds of your annual gross
each column) is equal to or greater than the amount on line 9a
income is from farming or fishing and you filed Form K-40 and paid
(for each column), or line 9b, for farmers or fishers - no penalty is
the tax on or before March 1, 2009, you may be exempt from any
due - no further entries are required.
penalty for underpayment of estimated tax. If so, write on line 1
“Exempt-farmer/fisher”, and do not complete the rest of this
PART II – FIGURING THE PENALTY
schedule.
However, if you meet this gross income test, but did not file a LINE 10: Enter on line 10 the amount of underpayment of tax,
return and pay the tax on or before March 1, 2009, you must use this which is the lesser of one of the following computations:
schedule to determine if you owe a penalty for underpayment of
• Line 8 less line 7; or,
estimated tax.
• Line 9a less line 7; or,
• Line 9b less line 7
COMPLETING THIS SCHEDULE
Enter your name and your Social Security number in the space LINE 11: This line contains the due date of each installment for
provided at the top of this schedule. a calendar year taxpayer.
LINES 1 through 4: Complete these lines based on information LINE 12: The number of days on line 12 are precomputed for a
on your income tax return for this tax year and the prior tax year. calendar year taxpayer that made timely payments. If you did not
make timely payments, you should disregard the precomputed
If you did not file an income tax return for the prior tax year, or if you
number of days on line 12 and compute the number of days on
did file a return but your income tax balance (line 17, Form K-40)
was zero, then enter zero on Line 3 of this schedule. each quarter to the date paid.
EXAMPLE: If you paid the 6/15/08 installment on 6/28/08 the
PART I – EXCEPTIONS TO THE PENALTY
number of days to enter on line 12, column 2 will be computed
You will NOT be subject to a penalty if your 2008 tax payments from 6/15/08 to 6/28/08, which equals 13 days. If you then
(line 7) equal or exceed the amounts for one of the exceptions paid the next quarter timely at 9/15/08, the number of days
(lines 8 or 9a or 9b) for the same payment period. will be from 9/15/08 to 1/15/09, which equals the 122 days
(107 + 15) already entered.
LINE 5: Multiply the amount on line 4 by the percentage shown in
each column of line 5. LINE 13: The 9% penalty rate begins in column 3 for a calendar
LINE 6: Enter the cumulative amount of timely paid estimated tax year taxpayer, therefore no entry is required in columns 1 and 2.
payment made in each quarter. For example, Column 3 will be the The 15 days in the 3rd column are from 1/1/09 to 1/15/09. If you did
total of your withholding and estimated tax payments made from not make timely payments, you should disregard the precomputed
January 1 through September 15, 2008. number of days on line 13 and compute the number of days on
each quarter to the date paid.
LINE 7: For each column, add lines 5 and 6 and enter the result
on line 7. • If you file your return prior to 1/15/09, enter in the third column
the number of days from 1/1/08 to the date filed and disregard
LINE 8: Exception 1 applies if the amount on line 7 of a column
the precomputed number of days (15) entered on line 13.
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 • The fourth column must be completed by you. Enter the number
each column of line 8. If the amount on line 7 (for each column) is of days from 1/15/09 to the date the return was filed and paid.
equal to or greater than the amount on line 8 (for each column) -
LINES 14 and 15: Penalty is computed to 12/31/08 at 9% and
no penalty is due - no further entries are required.
from 1/1/09 to the date the tax was paid or 4/15/09, whichever is
LINE 9: Exception 2 applies if your 2008 tax payments equal or earlier, at 6%.
exceeds 90% (66 2/3% for farmers and fishers) of the tax on your
LINE 16: For each column, add lines 14 and 15 and enter the
annualized income for these 2008 periods:
result on line 16.
January 1 – March 31 Multiply income by 4
January 1 – May 31 Multiply income by 2.4 LINE 17: Add the amounts on line 16 together and enter the
January 1 – August 31 Multiply income by 1.5 result on line 17. Also enter this amount on Form K-40, line 32,
January 1 – December 31 Multiply income by 1 Estimated Tax Penalty.
Page 42