Form M-2220 - Underpayment Of Massachusetts Estimated Tax By Corporations - 2007 Page 2
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2Figuring your underpayment penalty
a
b
c
d
Enter same installment dates used in line 6. . . . . . .
3
13 Amount of underpayment from line 12 . . . . . . . . .
14 Enter the date of payment or the 15th day of the
3rd month after the close of the taxable year,
whichever is earlier . . . . . . . . . . . . . . . . . . . . . . . .
15 Number of days from due date of installment
to the date shown in line 14 . . . . . . . . . . . . . . . . .
16 Number of days in line 15 after 3/15/07 and
before 4/1/07 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Number of days in line 15 after 3/31/07 and
before 7/1/07 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Number of days in line 15 after 6/30/07 and
before 10/1/07 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 Number of days in line 15 after 9/30/07 and
before 1/1/08 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Number of days in line 15 after 12/31/07 and
before 4/1/08 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Number of days in line 15 after 3/31/08 and
before 7/1/08 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 Number of days in line 15 after 6/30/08 and
before 10/1/08 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 Number of days in line 15 after 9/30/08 and
before 1/1/09 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 Number of days in line 15 after 12/31/08 and
before 2/16/09 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25 Underpayment in line 13 × (number of days
in line 16 ÷ 365) × 9% . . . . . . . . . . . . . . . . . . . . . .
26 Underpayment in line 13 × (number of days
in line 17 ÷ 365) × 9% . . . . . . . . . . . . . . . . . . . . . .
27 Underpayment in line 13 × (number of days
in line 18 ÷ 365) × 9% . . . . . . . . . . . . . . . . . . . . . .
28 Underpayment in line 13 × (number of days
in line 19 ÷ 365) × 9% . . . . . . . . . . . . . . . . . . . . .
29 Underpayment in line 13 × (number of days
in line 20 ÷ 365) × 8% . . . . . . . . . . . . . . . . . . . . .
30 Underpayment in line 13 × (number of days
in line 21 ÷ 365) ×7% . . . . . . . . . . . . . . . . . . . . . .
31 Underpayment in line 13 × (number of days
in line 22 ÷ 365) ×
*
% . . . . . . . . . . . . . . . . . . . . . .
32 Underpayment in line 13 × (number of days
in line 23 ÷ 365) ×
*
% . . . . . . . . . . . . . . . . . . . . . .
33 Underpayment in line 13 × (number of days
in line 24 ÷ 365) ×
*
% . . . . . . . . . . . . . . . . . . . . . .
34 Add lines 25 through 33 . . . . . . . . . . . . . . . . . . . .
35 Total of amounts shown in line 34. Enter this amount in line 21 of the excise calculation of Form 355 or Form 355C;
line 24 of Form 355S; line 14 of Form 355SBC; or line 26 of Form 355SC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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*Rate to be determined.
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