Form K-220 - Kansas Underpayment Of Estimated Corporate Tax - 2013
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1
2K-220
2013
KANSAS
Underpayment of Estimated Corporate Tax
(Rev. 8/13)
Name as shown on Form K-120
Employer Identification Number (EIN)
CURRENT AND PRIOR YEAR INFORMATION
1
1. Subtract line 31 from line 27 on Form K-120 and enter here .................................................
2
2. Multiply line 1 by 90% ........................................................................................................
3
3. Prior year’s tax liability (Subtract line 30 from line 26 of last year’s Form K-120) ..................
PART I – EXCEPTIONS TO THE PENALTY
(1)
(2)
(3)
(4)
4. Enter in Columns (1) through (4) the installment due
dates that correspond to the 15th day of the 4th, 6th,
4
9th and 12th month of the taxable year .....................
5. Cumulative timely paid estimated tax payments and
credit forward from the beginning of the tax year through
5
each installment due date .........................................
25% of line 2 or 3
50% of line 2 or 3
75% of line 2 or 3
100% of line 2 or 3
6. Exception 1 – Cumulative amount from either line 2 or
6
line 3, whichever is less ............................................
22.5% of tax
45% of tax
67.5% of tax
90% of tax
7
7. Exception 2 – Tax on annualized 2013 income .........
PART II – FIGURING THE PENALTY
8. Amount of underpayment. Enter the sum of line 6 less
8
line 5; or line 7, less line 5; whichever is applicable ..........
9. Due date of each installment .........................................
9
10. Number of days from the due date of the installment in one
column to the due date of the next installment in the next
10
column or to 12/31/13; whichever is earlier. If paid late, see
instructions. ................................................................
11. For calendar years, enter the number of days from
1/1/14 to the due date of the return or the date the tax was
11
paid, whichever was earlier. For fiscal years or if tax was
paid late, see instructions. ...........................................
12. Line 10
12
X (4% X amount on line 8)............................
365
13. Line 11
13
X (4% X amount on line 8)............................
365
14
14. Penalty (Add lines 12 and 13) ......................................
15. Total penalty. Add amounts in each column of line 14 and enter total here and on the Estimated Tax
15
Penalty line of Form K-120 .....................................................................................................................
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