Form F-2220 - Underpayment Of Estimated Tax On Florida Corporate Income/franchise And Emergency Excise Tax - 2000

F-2220

R. 01/00

Underpayment of Estimated Tax on Florida

Corporate Income/Franchise and Emergency Excise Tax

For Tax Year:

FEIN: ___________________________________________________________________

Beginning

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Name: __________________________________________________________________

Address: ________________________________________________________________

Ending

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City/State/Zip: ____________________________________________________________

1. Total Income/Franchise and Emergency Excise Tax Due for the Year (enter from line 14, Form F-1120) ...............

2. 90% of line 1 .............................................................................................................................................................

Computation of Underpayments

Due Dates of Installments

Enter in columns 1 through 4 the installment dates that

correspond to the 1st day of the 5th, 7th, and 10th month

(3rd)

(2nd)

(4th)

(1st)

of the taxable year and 1st month of the next taxable year

3. Enter 25% of line 2 in Columns 1 through 4 ................

4. (a) Amount Paid for Each Period .................................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4

(b) Overpayment credit from prior year ........................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1

(c) Overpayment of previous installment .....................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1

5. Total of lines 4(a), 4(b) and 4(c) ...................................

6. Underpayment (line 3 less line 5) or Overpayment

(line 5 less line 3) An overpayment on line 6 in excess

of all prior underpayments is to be applied as a credit

against the next installment. (See 4C) .........................

Exceptions that avoid penalty and interest (see instructions).

7. Total cumulative amount paid (or credited) from the

beginning of taxable year through the installment date

indicated ......................................................................

50% of tax

75% of tax

100% of tax

25% of tax

8. Exception: Tax on prior year's income using current

year's rates ..................................................................

Check below if the exception applies for each underpaid installment. Attach a schedule showing the computation. If the exception

does not apply, complete lines 9 through 14 to determine the amount of the penalty and interest.

Exception

- 1st Installment

2nd Installment

3rd Installment

4th Installment

Computation of Penalty and Interest

If line 6 shows an underpayment and the exception

Due Dates of Installments

does not apply, compute the underpayment penalty

and interest by completing the portion(s) of this

(2nd)

(1st)

(3rd)

(4th)

schedule applicable to the installments.

Enter same installment dates used above ...................

9. Amount of underpayment from line 6 ...........................

10. Enter the date of payment or the 1st day of the 4th

month after the close of the taxable year, whichever is

earlier ...........................................................................

11. Number of days from due date of installment to the

dates shown on line 10 ................................................

Total Penalty

12. Penalty on underpayment (12% per year on the

amount of underpayment on line 9 for the number of

days shown on line 11) ................................................

Total Interest

13. Interest on underpayment (See Instruction E on the

back of the form. In gerneral, interest will be the

appropriate interest rate on the amount of

underpayment on line 9 for the number of days shown

on line 11) ....................................................................

14. Total of amounts shown on lines 12 and 13. If this Form F-2220 is being filed with your return, the amounts shown as penalty and interest should be

entered on appropriate line of Form F-1120 ................................................................................................................................................................................