Form 2220n - Corporation Underpayment Of Estimated Tax - 2012

Download a blank fillable Form 2220n - Corporation Underpayment Of Estimated Tax - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 2220n - Corporation Underpayment Of Estimated Tax - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

RESET

Corporation Underpayment of Estimated Tax

FORM 2220N

2012

• Read the instructions on the reverse side.

Name on Form 1120N

Taxable Year

Nebraska ID Number

PART I — Calculate the Underpayment

1 Nebraska income tax before credits (line 13, 2012 Form 1120N) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Premium tax credit (line 14, Form 1120N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 CDAA credit (line 15, Form 1120N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Form 3800N nonrefundable credit (line 16, Form 1120N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Form 3800N refundable credit (line 19, Form 1120N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Beginning Farmer credit (line 22, Form 1120N) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . .

7 Total credits (total of lines 2 through 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Subtract line 7 from line 1 . If the result is less than $400, do not complete the rest of the form . No penalty is owed . . . . . . . . . .

9 Enter 100% of line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Enter 2011 income tax (see instructions) Caution: If the tax is zero or the tax year was for

less than 12 months, skip this line and enter the amount from line 9 on line 11 . . . . . . . . . 10

11 Enter the lesser of line 9 or line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

(A)

(B)

(C)

(D)

12 Enter in Columns A through D the installment

due dates (the 15th day of the 4th, 6th, 9th,

and 12th months of your tax year) . . . . . . . . . . 12

13 Enter 25% of line 11 in Columns A through D

• Complete lines 14 through 21 for one column before completing the next column.

14 Amount paid or credited for each period . . . . . 14

15 Enter amount, if any, from line 21 of

previous column . . . . . . . . . . . . . . . . . . . . . . . 15

16 Add lines 14 and 15 . . . . . . . . . . . . . . . . . . . . 16

17 Add amounts on lines 19 and 20 of the

previous column and enter result . . . . . . . . . . 17

18 Line 16 minus line 17 . If less than zero, enter -0-

(In Column [A] only, enter amount from line 14) 18

19 Remaining underpayment from previous

period . If the amount on line 18 is zero,

subtract line 16 from line 17 and enter the

result; otherwise, enter -0- . . . . . . . . . . . . . . . . 19

20 Underpayment. If line 18 is less than or equal

to line 13, subtract line 18 from line 13 and

enter the result . Then go to the next

column; otherwise, go to line 21 . . . . . . . . . . . 20

21 Overpayment. If line 13 is less than line 18,

subtract line 13 from line 18 and enter the

result . Then go to the next column . . . . . . . . . 21

PART II — Calculate the Penalty

22 Amount of underpayment (line 19 plus line 20) 22

23 Date of payment or next due date (from

line 12), whichever is earlier . . . . . . . . . . . . . . 23

24 Number of days from due date of installment

to date shown on line 23 . . . . . . . . . . . . . . . . . 24

25 Underpayment penalty (see instructions

for applicable interest rates) . . . . . . . . . . . . . . 25

26 Total of amounts on line 25 . Enter this amount in the space provided on Form 1120N, next to line 24 . Increase the amount

of “Tax Due” or decrease the amount of the “Overpayment” accordingly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

ATTACH THIS FORM TO FORM 1120N.

8-238-2012