Form 220 - Underpayment Of Estimated Tax By Corporations - 1998 Page 2

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Form 220 (1998) Page 2
Part B Penalty Calculation
(a)
(b)
(c)
(d)
17 Form 120 filers: 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 filers: Use 3rd month instead of 4th month. Form 99T
17
filers: Use 5th month instead of 4th month .......................................
18 Number of days from due date of installment on line 3 to the
date shown on line 17 ......................................................................
18
19
19 Number of days on line 18 after 4/15/98 and before 7/1/98 .............
20
20 Number of days on line 18 after 6/30/98 and before 10/1/98 ...........
21 Number of days on line 18 after 9/30/98 and before 1/1/99 .............
21
22 Number of days on line 18 after 12/31/98 and before 4/1/99 ...........
22
23
23 Number of days on line 18 after 3/31/99 and before 7/1/99 .............
24
24 Number of days on line 18 after 6/30/99 and before 10/1/99 ...........
25
25 Number of days on line 18 after 9/30/99 and before 1/1/2000 .........
26 Number of days on line 18 after 12/31/99 and before 3/15/2000 .....
26
x 8% x the underpayment
27 Number of days on line 19
on line 11.................................
27
365
x 8% x the underpayment
28 Number of days on line 20
on line 11 .................................
28
365
x 8% x the underpayment
29 Number of days on line 21
on line 11 ................................
365
29
*
x
% x (the underpayment on line 11
30 Number of days on line 22
+ compounding, if applicable) ....
30
365
*
x
% x (the underpayment on line 11
31 Number of days on line 23
+ compounding, if applicable) ....
31
365
*
x
% x (the underpayment on line 11
32 Number of days on line 24
+ compounding, if applicable) ....
365
32
*
x
% x (the underpayment on line 11
33 Number of days on line 25
+ compounding, if applicable) ....
33
365
*
x
% x (the underpayment on line 11
34 Number of days on line 26
+ compounding, if applicable) ....
366
34
35 Add lines 27 through 34 ...................................................................
35
(a)
(b)
(c)
(d)
Part C Interest Calculation
36 Form 120 filers: 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 filers: Use 3rd month instead of 4th month. Form 99T
36
filers: Use 5th month instead of 4th month ......................................
37 Number of days from due date of installment on line 3 to the
37
date shown on line 36 ......................................................................
38
38 Number of days on line 37 after 4/15/98 and before 7/1/98 ............
39 Number of days on line 37 after 6/30/98 and before 10/1/98 ..........
39
40 Number of days on line 37 after 9/30/98 and before 1/1/99 ............
40
41
41 Number of days on line 37 after 12/31/98 and before 4/1/99 ..........
42 Number of days on line 37 after 3/31/99 and before 7/1/99 ............
42
43
43 Number of days on line 37 after 6/30/99 and before 10/1/99 ..........
44 Number of days on line 37 after 9/30/99 and before 1/1/2000 ........
44
45 Number of days on line 37 after 12/31/99 and before 3/15/2000 ....
45
46 Number of days on line 38
x 8% x the underpayment
on line 11 .................................
46
365
47 Number of days on line 39
x 8% x the underpayment
365
on line 11 .................................
47
48 Number of days on line 40
x 8% x the underpayment
48
365
on line 11 ..................................
*
49 Number of days on line 41
x
% x (the underpayment on line 11
49
365
+ compounding, if applicable) .....
*
50 Number of days on line 42
x
% x (the underpayment on line 11
365
+ compounding, if applicable) .....
50
*
51 Number of days on line 43
x
% x (the underpayment on line 11
51
365
+ compounding, if applicable) .....
*
52 Number of days on line 44
x
% x (the underpayment on line 11
+ compounding, if applicable) .....
365
52
* (TO BE ANNOUNCED)
ADOR 06-0030 (98)

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