Form Ar2220 - Underpayment Of Estimated Tax By Corporations

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AR2220
State of Arkansas
UNDERPAYMENT OF ESTIMATED TAX BY CORPORATIONS
CORPORATION
FEIN
PART 1.
DETERMINING TAX AMOUNT REQUIRED TO BE ESTIMATED
1. Tax Liability for Year Ending: __________________________: (Enter amount from appropriate line on Arkansas return) .............................
00
(If Line 1 is $250 or less, you are not subject to an underestimate penalty.)
2. (a) 90% of Line 1: .............................................................................................................................................................................................
00
(b) Prior Year Tax Liability: (Enter amount from appropriate line on prior year Arkansas return) ....................................................................
00
3. Enter Lesser of 2(a) or 2(b). ...............................................................................................................................................................................
00
4. Total Estimated Tax Paid: (Including estimate carryforward from prior year). ...................................................................................................
00
(If Line 4 is equal to or greater than Line 3 you are not subject to an underestimate penalty, provided the correct amount of estimated tax
payments, as calculated on Line 5, were timely filed and paid.)
PART 2.
COMPUTATION OF UNDERESTIMATED PENALTY
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
5. Enter Required Estimated Income Tax Due per
Quarter: (Line 3 ÷ 4 Quarters) or (Enter Amount from
00
00
00
00
Line 20, AR2220A.). ........................................................
6. Enter Estimated Income Tax Paid per Quarter (includ-
00
00
ing Estimated Carryforward from prior year). .................
00
00
7. Enter Applicable Dollar amount subject to penalty on
following Lines:
(a) Enter amount underpaid and not included in subse-
00
00
00
00
quent quarter. ............................................................
(b) 1. Enter amount overpaid in 1st quarter to be
00
00
00
00
applied to subsequent quarter. ............................
2. Enter amount overpaid in 2nd quarter to be
00
00
00
00
applied to prior or subsequent quarter.................
3. Enter amount overpaid in 3rd quarter to be
00
00
00
00
applied to prior or subsequent quarter. ................
4. Enter amount overpaid in 4th quarter to be
00
00
00
00
applied to prior quarter. ........................................
(c) Enter amount underpaid but Estimated Return
(Voucher) filed and tax paid prior to next quarter
00
00
00
00
due date or Income Tax Return due date. ...............
8.
Date Returns Due/Filed:
(a) Enter original due date of Income Tax Return. .........
(b) Enter date Income Tax Return filed. .........................
(c) Enter due date of Estimated Tax Return (Voucher) ..
(d)Enter date Estimated Tax Return (Voucher) filed
and tax paid...............................................................
(e) 1. Enter date 1st quarter Estimated Tax Return
(Voucher) filed and tax paid with a payment to
be applied to subsequent quarter. .......................
2. Enter date 2nd quarter Estimated Tax Return
(Voucher) filed and tax paid with a payment to
be applied to prior or subsequent
quarter..................................................................
3. Enter date 3rd quarter Estimated Tax Return
(Voucher) filed and tax paid with a payment to
be applied to prior or subsequent quarter. ..........
4. Enter date 4th quarter Estimated Tax Return
(Voucher) filed and tax paid with a payment to
be applied to prior quarter. ..................................
AR 2220 (R 9/95)
Continued on other side

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