Arizona Form 220 - Underpayment Of Estimated Tax By Corporations - 1999 Page 2
ADVERTISEMENT
1
2
3
4Form 220 (1999) Page 2
Part C - Penalty Calculation
(a)
(b)
(c)
(d)
17 Forms 120 and 120A: Enter the date of payment or the 15th day
of the 4th month after the close of the taxable year, whichever is
earlier. Form 120S: Use 3rd month instead of 4th month.
17
Form 99T: Use 5th month instead of 4th month .................................
18 Number of days from due date of installment on line 7 to the
18
date shown on line 17 ..........................................................................
19 Number of days on line 18 after 4/15/99 and before 1/1/2000 ............
19
20 Underpayment on line 15 x Number of days on line 19 x 8%
$
$
$
$
365
...............
20
21
21 Number of days on line 18 after 12/31/99 and before 4/1/2000 ..........
22 Underpayment on line 15
x Number of days on line 21 x *%
$
$
$
$
22
+ compounding, if applicable
366
...............
23
23 Number of days on line 18 after 3/31/2000 and before 7/1/2000 ........
24 Underpayment on line 15
x Number of days on line 23 x *%
$
$
$
$
24
+ compounding, if applicable
366
...............
25 Number of days on line 18 after 6/30/2000 and before 10/1/2000 ......
25
26 Underpayment on line 15
x Number of days on line 25 x *%
26
$
$
$
$
+ compounding, if applicable
366
...............
27 Number of days on line 18 after 9/30/2000 and before 1/1/2001 ........
27
28 Underpayment on line 15
x Number of days on line 27 x *%
28
$
$
$
$
+ compounding, if applicable
366
...............
29 Number of days on line 18 after 12/31/2000 and before 3/15/2001 ....
29
30 Underpayment on line 15
x Number of days on line 29 x *%
$
$
$
$
30
+ compounding, if applicable
365
...............
$
$
$
$
31 Add lines 20, 22, 24, 26, 28, and 30 ....................................................
31
32 Penalty Limitation. In columns (a) through (d), list the smaller
$
$
$
$
32
of Part B, line 15 x 10% OR the amount from Part C, line 31 ...........
$
33
00
33 Penalty. Add columns (a) through (d) of line 32. Enter the total ...............................................................................................................
Part D - Interest Calculation
(a)
(b)
(c)
(d)
34 Forms 120 and 120A: Enter the date of payment or the 15th day
of the 4th month after the close of the taxable year, whichever is
earlier. Form 120S: Use 3rd month instead of 4th month.
34
Form 99T: Use 5th month instead of 4th month .................................
35 Number of days from due date of installment on line 7 to the
35
date shown on line 34 ..........................................................................
36
36 Number of days on line 35 after 4/15/99 and before 1/1/2000 ............
37 Underpayment on line 15 x Number of days on line 36 x 8%
$
$
$
$
37
365
...............
38
38 Number of days on line 35 after 12/31/99 and before 4/1/2000 ..........
39 Underpayment on line 15
x Number of days on line 38 x *%
39
$
$
$
$
+ compounding, if applicable
366
...............
40 Number of days on line 35 after 3/31/2000 and before 7/1/2000 ........
40
41 Underpayment on line 15
x Number of days on line 40 x *%
41
$
$
$
$
+ compounding, if applicable
366
...............
42 Number of days on line 35 after 6/30/2000 and before 10/1/2000 ......
42
43 Underpayment on line 15
x Number of days on line 42 x *%
$
$
$
$
43
+ compounding, if applicable
366
...............
44
44 Number of days on line 35 after 9/30/2000 and before 1/1/2001 ........
45 Underpayment on line 15
x Number of days on line 44 x *%
$
$
$
$
45
+ compounding, if applicable
366
...............
46
46 Number of days on line 35 after 12/31/2000 and before 3/15/2001 ....
47 Underpayment on line 15
x Number of days on line 46 x *%
$
$
$
$
47
+ compounding, if applicable
365
...............
$
$
$
$
48 Add lines 37, 39, 41, 43, 45, and 47 ..................................................
48
49
49 Interest. Add columns (a) through (d) of line 48 ................................................................................................ . ........................................
$
00
* (TO BE ANNOUNCED)
ADOR 06-0030 (99)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial