Form M-2220 Draft - Underpayment Of Massachusetts Estimated Tax By Corporations - 2002 Page 2
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1
2Figuring your underpayment penalty
❿
(1)
(2)
(3)
(4)
Enter same installment dates used in line 6
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 3/15/02 and
before 4/1/02 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Number of days in line 15 after 3/31/02 and
before 7/1/02 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. Number of days in line 15 after 6/30/02 and
before 10/1/02 . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Number of days in line 15 after 9/30/02 and
before 1/1/03 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. Number of days in line 15 after 12/31/02 and
before 4/1/03 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Number of days in line 15 after 3/31/03 and
before 7/1/03 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Number of days in line 15 after 6/30/03 and
before 10/1/03 . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Number of days in line 15 after 9/30/03 and
before 1/1/04 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24. Number of days in line 15 after 12/31/03 and
before 2/16/04 . . . . . . . . . . . . . . . . . . . . . . . . . . .
× (number of days
25. Underpayment in line 13
in line 16 ÷ 365) × 7% . . . . . . . . . . . . . . . . . . . . .
26. Underpayment in line 13 × (number of days
in line 17 ÷ 365) × 7% . . . . . . . . . . . . . . . . . . . . .
27. Underpayment in line 13 × (number of days
in line 18 ÷ 365) × 7% . . . . . . . . . . . . . . . . . . . . .
28. Underpayment in line 13 × (number of days
in line 19 ÷ 365) × 7% . . . . . . . . . . . . . . . . . . . . .
29. Underpayment in line 13 × (number of days
in line 20 ÷ 365) × 6% . . . . . . . . . . . . . . . . . . . . .
30. Underpayment in line 13 × (number of days
in line 21 ÷ 365) ×
*
% . . . . . . . . . . . . . . . . . . . . .
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 28 of the excise calculation of Form 355 or 355C;
line 30 of Form 355S; or line 14 of Form SBC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿
*Rate to be determined.
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