Instructions For Form Ar2220 - Underpayment Of Estimated Tax By Corporations (Page 2 of 2) in pdf

Instructions For Form Ar2220 - Underpayment Of Estimated Tax By Corporations Page 2

INSTRUCTIONS FOR FORM AR2220

UNDERPAYMENT OF ESTIMATED TAX BY CORPORATIONS CONTINUED

Line 10.

Calculation of underpayment of estimated tax penalty.

( a ) Enter product of Line 7(a) X Line 9(a) X .00027397.

( b ) 1 .

Enter product of Line 7(b)(1) X Line 9(b)(1) X .00027397.

2 .

Enter product of Line 7(b)(2) X Line 9(b)(2) X .00027397.

3 .

Enter product of Line 7(b)(3) X Line 9(b)(3) X .00027397.

4 .

Enter product of Line 7(b)(4) X Line 9(b)(4) X .00027397.

( d ) Total Penalty per quarter -- add 10(a) through 10(c).

( e ) Total Penalty -- add total amount shown on Line 10(d) for each

q u a r t e r.

PA RT 3

If one of the exceptions listed in Part 3 of Form AR2220 applies to you, it is not

n e c e s s a ry to complete Form AR2220 provided the appropriate alpha character

identifying your exception is listed in the block on Line 44, Form AR1100CT.

Instructions For Form Ar2220 - Underpayment Of Estimated Tax By Corporations Page 2