Form Ri-2220 - Underpayment Of Estimated Tax By Corporations printable pdf download

Form Ri-2220 - Underpayment Of Estimated Tax By Corporations

State of Rhode Island and Providence Plantations

Form RI-2220

15112688880101

Underpayment of Estimated Tax by Corporations

Name

Federal employer identification number

For the period ending:

Part I - How to Figure Your Underpayment

Note: If your prior year tax was $500.00 or less, you do not have to file Form RI-2220. Instead, complete only lines 7 and 8.

2015 tax amount from RI-1120C, line 17, RI-1120S, line 9 or RI-1065, line 9.........................................

80% of line 1.…………………………………………………………………………......................................

(a)

(b)

Enter in columns (a) and (b) the installment due dates which are the

15th day of the 3rd month and the 15th day of the sixth month................

Enter 40% of line 2 in column (a) and 60% of line 2 in column (b)............

Amount paid or credited for each period...................................................

Overpayment of prior installment...............................................................

Add lines 5a and 5b.........................................................................................

Underpayment. Subtract line 5c from line 4...................................................

Part II - Exception to the Underpayment Interest

Enter the amount from line 5c, columns (a) and (b)…..………..................

Exception. Tax on the prior year’s income based on the facts shown on

the prior year’s return, but using the current year’s rates. If line 8 is

equal to or less than line 7, stop here. No interest is due

Part III - How to Figure the Interest

Enter the amounts from line 6, columns (a) and (b)…..………..................

Underestimated Rate of Interest (See chart on Page 2)...........................

Multiply line 9 times line 10.......................................................................

Total Underestimated Interest. Add line 11, columns (a) and (b). Carry amount from line 12 to

RI-1120C, line 22C, RI-1120S, line 13C or RI-1065, line 13C.................................................................

Revised 10/2015

Form Ri-2220 - Underpayment Of Estimated Tax By Corporations