State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax

Download a blank fillable State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax 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 State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax 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

Indiana Department of Revenue
Schedule
IT-2220
Penalty for Underpayment of Corporate Income Tax
State Form 440
(R12 / 8-13)
or Other Tax Year Beginning
2013 and Ending
(See instructions on page 29 of booklet)
Page attachment sequence #7
Check box if using annualization method
Name of Corporation or Organization
Federal Identification Number
Part I - How to Figure Underpayment of Corporate Tax
Round all entries
1. Enter Indiana adjusted gross income tax (if less than $2,500, enter -0-) ................................ 1
00
2. Enter total tax reduction credits excluding estimated taxes paid for the taxable period
(cannot exceed amount on line 1) ............................................................................................... 2
00
3. Subtract line 2 from line 1. If zero, stop; you do not owe an underpayment penalty ................. 3
00
Part II - How to Figure Exception to Underpayment Penalty
4. Enter the portion of your prior year's final income tax liability, net of tax reduction credits (do
not reduce by estimated taxes paid), that is relative to the number of months in the current
00
taxable period. See instructions .................................................................................................. 4
Short-period filers see note following line 16 instructions on page 31.
(a)
(b)
(c)
(d)
1st quarter
2nd quarter
3rd quarter
4th quarter
Quarterly Estimated Tax Paid for Taxable Year
5. Enter in columns (a) through (d) the quarterly installment
dates corresponding to the 20th day of the 4th, 6th, 9th,
/
/
/
/
/
/
/
/
and 12th months of the tax year ..........................................
5
6. Enter estimated income tax paid/credited on or before
00
00
00
00
the due date of the installment for each quarter ..................
6
7. Enter the overpayment, if any, from the preceding
column that exceeds any remaining prior underpayments
00
00
00
shown on line 10 (use minus sign for negative amounts) .... 7
00
00
00
00
8. Add line 6 and line 7 for each column ..................................
8
9. Divide line 4 by 4 or by the number of quarters in the
00
00
00
00
tax period; enter the result in columns (a) through (d) .........
9
10. Subtract line 9 from line 8 for each quarter. If the result
is a negative figure, you have not met any exception to
the penalty for the quarter .................................................... 10
00
00
00
00
Part III - How to Figure Penalty
11. Enter the overpayment, if any, from the preceding
column that exceeds any remaining prior underpayments
00
00
00
shown on line 14 (use minus sign for negative amounts) .... 11
12. Add line 6 in Part II and line 11 above for each quarter ....... 12
00
00
00
00
13. Divide line 3 in Part I by 4 or the number of quarters in
the tax period; divisor cannot be less than 1. Enter result
00
00
00
00
in applicable columns .......................................................... 13
14. Subtract line 13 from line 12. If the result is a negative figure,
this is your underpayment for the quarter (use minus sign
00
00
00
00
for negative amounts) .......................................................... 14
15. If line 10 shows zero or more for the quarter, the
overpayment exception is met. Enter zero on line 15.
Otherwise, compute 10% penalty on the underpayment
shown on line 14 for each column (use minus sign for
negative amounts). Enter the penalty, if any, for the quarter
00
00
00
00
as a positive figure ............................................................... 15
16. Add line 15, columns (a) through (d). This is your total underpayment penalty.
Enter it here and carry to the appropriate line of Form IT-20 or IT-20NP ............................................................ 16
00
*24100000000*
24100000000

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax Financial
State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax Financial
State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax Financial
State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax - 2007 State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax - 2007 Financial
State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax - 2015 State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax - 2015 Financial
State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax - 2016 State Form 440 - Schedule It-2220 - Penalty For Underpayment Of Corporate Income Tax - 2016 Financial
Schedule It-2220 - Penalty For Underpayment Of Corporate Income Taxes Schedule It-2220 - Penalty For Underpayment Of Corporate Income Taxes Financial
Instructions For Schedule It-2220 - Penalty For Underpayment Of Corporate Income Taxes Instructions For Schedule It-2220 - Penalty For Underpayment Of Corporate Income Taxes Financial
Form 51076 - Schedule It-2220(fy) Penalty For Underpayment Of Corporate Income Taxes Form 51076 - Schedule It-2220(fy) Penalty For Underpayment Of Corporate Income Taxes Financial
Shedule It-2220 (state Form 440) Draft - Penalty For Underpayment Of Corporate Income Tax 2008 Shedule It-2220 (state Form 440) Draft - Penalty For Underpayment Of Corporate Income Tax 2008 Financial

Related Categories

Parent category: Financial
Download
Go