Form D-2220 - Underpayment Of Estimated Franchise Tax By Businesses - 2013
Download a blank fillable Form D-2220 - Underpayment Of Estimated Franchise Tax By Businesses - 2013 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 D-2220 - Underpayment Of Estimated Franchise Tax By Businesses - 2013 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.
ADVERTISEMENT
1
22013
D-2220 Underpayment of Estimated
Government of the District of Columbia
Offi ce of Tax and Revenue
Franchise Tax By Businesses
IMPORTANT: Please read the instructions on the reverse before completing this form
Federal Employer Identifi cation Number (FEIN)
Business Name (from your D-20 or D-30 return)
or
Person to contact if there are questions
Social Security Number (SSN)
Daytime telephone number
No penalty is due and this form should not be fi led if:
A.
Your tax liability on taxable income after deducting DC applicable credits and estimated tax payments is less than $1001, or
B. You have made the required periodic DC estimated franchise tax payments and the total is equal to or more than 110% of
last year’s taxes or 90% of the current year’s taxes. Note: In order to use the prior year 110% exception, you must have fi led
a DC franchise tax return last year and you must have been in business in DC for the entire year.
Computation of Underpayment
1
2013 DC franchise tax liability from Forms D-20, or D-30.
$
2
Multiply the amount on Line 1 by 90% (.90).
$
3
2012 DC franchise tax liability from Forms D-20, or D-30 X 110%.
$
4
Minimum estimated tax requirement for tax year 2013 (lesser of Lines 2 and 3).
$
5
Multiply the amount on Line 4 by 25% (.25).
$
Note: If your income was not evenly received over 4 periods, see instructions on the
reverse of this form on the “Annualized Income” method.
Due date of Payments
Due dates shown are for calendar year; for fi scal year, use the 15
th
day of the 4
th
,
1
st
Period
2
nd
Period
3
rd
Period
4
th
Period
6
th
, 9
th
and 12
th
months after the end of the fi scal year.
04/15/13
06/15/13
09/15/13
12/15/13
6 Enter the amount from Line 5 or the annualized amount in each
period
(the 2
nd
period includes the 1
st
period amount, 3
rd
period includes
the 1
st
and 2
nd
period amounts, the 4
th
period includes all period amounts).
Check here
if you are using the “Annualized Income” method.
7
DC estimated taxes paid each period
(the 2
nd
period includes the
1
st
period amount, 3
rd
period includes 1
st
and 2
nd
period amounts, the
4
th
period includes all period amounts).
8 Underpayment each period
(Line 6 minus Line 7).
9 Penalty Factors.
.0175
.0265
.0262
.0348
10 Line 8 multiplied by Line 9.
$
11 Penalty - Total of amounts from Line 10. Pay this amount.
(See D-2220 instructions).
Revised 08/13
D-2220 page 1
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial