2015 D-2220 Underpayment Of Estimated Franchise Tax By Businesses
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2015
D-2220 Underpayment of Estimated
Government of the District of Columbia
Office of Tax and Revenue
Franchise Tax By Businesses
IMPORTANT: Please read the instructions on the reverse before completing this form
Federal Employer Identification Number (FEIN)
Business Name (from your D-20 or D-30 return)
or
Social Security Number (SSN)
Person to contact if there are questions
Daytime telephone number
No underpayment interest is due and this form should not be filed if:
A.
Your tax liability on taxable income after deducting DC applicable credits and estimated tax payments is less than $1001, or
B. You have made the required periodic DC estimated franchise tax payments and the total is equal to or more than 110% of
last year’s taxes or 90% of the current year’s taxes. Note: In order to use the prior year 110% exception, you must have filed
a DC franchise tax return last year and you must have been in business in DC for the entire year.
Computation of Underpayment Interest
1
2015 DC franchise tax liability from Forms D-20, or D-30.
$
2
Multiply the amount on Line 1 by 90% (.90).
$
3
2014 DC franchise tax liability from Forms D-20, or D-30 X 110%.
$
4
Minimum estimated tax requirement for tax year 2015 (lesser of Lines 2 and 3).
$
5
Multiply the amount on Line 4 by 25% (.25).
$
Note: If your income was not evenly received over 4 periods, see instructions on the
reverse of this form on the “Annualized Income” method.
Due date of Payments
Due dates shown are for calendar year; for fiscal year, use the 15
day of the 4
,
1
Period
2
Period
3
Period
4
Period
th
th
st
nd
rd
th
6
, 9
and 12
months after the end of the fiscal year.
04/15/15
06/15/15
09/15/15
12/15/15
th
th
th
6 Enter the amount from Line 5 or the annualized amount in each
period
(the 2
period includes the 1
period amount, 3
period includes
nd
st
rd
the 1
and 2
period amounts, the 4
period includes all period amounts).
st
nd
th
Check here
if you are using the “Annualized Income” method.
7
DC estimated taxes paid each period
(the 2
period includes the
nd
1
period amount, 3
period includes 1
and 2
period amounts, the
st
rd
st
nd
4
period includes all period amounts).
th
8 Underpayment each period
(Line 6 minus Line 7).
9 Underpayment Interest Factors.
.0175
.0265
.0262
.0348
10 Line 8 multiplied by Line 9.
$
11 Underpayment Interest - Total of amounts from Line 10. Pay this amount.
(See D-2220 instructions).
D-2220 page 1
Revised 11/15
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