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2012
FORM
1200072C1283
Alabama Department of Revenue
2220AL
Underpayment of
Estimated Tax for Corporations
ADOR
NAME:
FEDERAL EMPLOYER IDENTIFICATION NUMBER:
NOTE: Form 2220AL is not a required form unless a taxpayer chooses to utilize an alternative method (as provided for on Form 2220AL) to compute the interest and penalty due as a
result of their underpayment of estimated tax. Form 2220AL, if utilized, along with a copy of the federal Form 2220, should accompany Forms 20C, 20C-C and 20S. In addition, any
interest or penalty due as computed using Form 2220AL should be entered on the appropriate line of Forms 20C, 20C-C and 20S.
PART I – Required Annual Payment
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1 Current Tax Period Liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Enter the tax shown on the 2011 corporation’s tax return (see instructions). Caution: If the tax liability is zero or
the taxpayer meets the definition of a large corporation or the tax period was for less than 12 months,
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skip this line and enter the amount from line 1 on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Required annual payment. Enter the smaller of line 1 or line 2.
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If the corporation is required to skip line 2, enter the amount from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART II – Reasons for Filing
Check the boxes below that apply to the corporation. If any boxes are checked, the corporation must file Form 2220AL (see instructions).
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The corporation is using the annualized income installment method. Go to Schedule A to compute the Required Installments before computing the interest/penalty due in
Part III and Part IV of this form.
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The corporation is using the adjusted seasonal installment method. Go to Schedule B to compute the Required Installments before computing the interest/penalty due in
Part III and Part IV of this form.
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Large corporation 1st quarter exception (see instructions)
PART III – Computation of Underpayment / Overpayment by Quarter
Note: Large corporations are required to pay 100% of the current year tax.
(a)
(b)
(c)
(d)
7 Installment due dates. Enter in columns (a) through (d) the 15th
day of the 4th, 6th, 9th, 12th months of the corporation’s tax year. .
7
$
$
$
$
8 Required Installments (see instructions) . . . . . . . . . . . . . . . . . . . . .
8
9 Estimated tax paid or credited for each period (see instructions).
$
$
$
$
For column (a) only, enter the amount from line 9 on line 13. . .
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Complete lines 10 through 16 of one column before going to the next column.
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10 Enter amount, if any, from line 16 of the preceding column . . . . . . .
10
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11 Add lines 9 and 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
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12 Add amounts on lines 14 and 15 of the preceding column . . . . . . . .
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13 Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . . . . .
13
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14 If the amount on line 13 is zero, subtract line 11 from line 12.
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Otherwise, enter -0-. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
15 Underpayment. If line 13 is less than or equal to line 8, subtract
line 13 from line 8, then go to line 10 of the next column.
Otherwise, go to line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
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16 Overpayment. If line 8 is less than line 13, subtract line 8 from
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line 13, then go to line 10 of the next column . . . . . . . . . . . . . . . . . . .
16
Go to Part IV on page 2 to calculate the penalty. Go to Part V on page 2 to calculate the interest.
Do not go to Part IV or V if there is not an underpayment on line 15 – no penalty or interest is owed.