Schedule M15c - Additional Charge For Underpayment Of Estimated Tax - 2017
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22017 M15C, Additional Charge for Underpayment of Estimated Tax
C corporations must use Schedule M15C to determine the additional charge for underpayment of estimated tax.
Name of Corporation/Designated Filer
FEIN
Minnesota Tax ID
You must round amounts
to nearest whole dollar.
1 Enter your 2017 tax (see instructions on back) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
If $500 or less, do not complete this form. You owe no additional charge.
2 Enter your 2016 tax (see instructions on back) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Required annual payment . Enter the amount from line 1 or line 2, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . 3
Exceptions: If you did not file a 2016 return or filed a return for less than a full 12-month period
in the preceding tax year, or you did not have a 2016 tax liability, you must enter the amount
from line 1 . Large corporations, read special instructions on back and enter the amount from line 1.
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
4 Enter the due dates (see instructions) . . . . . . . . . . . 4
5 Required installments (see instructions) . . . . . . . . . 5
6 Amount paid each period (see instructions) . . . . . . 6
Complete lines 7–13 for one column before
completing the next column. For the first column
only, enter the amount from line 6 on line 10 .
7 Enter the amount from line 13 of the previous column . . . . . . . . . . . . . 7
8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Add lines 11 and 12 of the previous column . . . . . . . . . . . . . . . . . . . . . . 9
10 Subtract line 9 from line 8 .
If less than zero, enter zero . . . . . . . . . . . . . . . . . . 10
11 Remaining underpayment from previous
period . If line 10 is zero, subtract line 8
from line 9 . Otherwise, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 UNDERPAYMENT. If line 10 is less than or
equal to line 5, subtract line 10 from line 5,
enter the result and go to line 6 of the next
column . Otherwise, go to line 13 . . . . . . . . . . . . . 12
13 OVERPAYMENT. If line 5 is less than line 10,
subtract line 5 from line 10 and enter the
result . Go to line 6 of the next column . . . . . . . . . 13
14 Date underpayment is paid or the 15th day
of the third month following the tax year,
whichever is earlier . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Number of days from the due date on
line 4 to the date on line 14 . . . . . . . . . . . . . . . . . . 15
16 Additional charge
(line 15 ÷ 365 × .04 × line 12) . . . . . . . . . . . . . . . . . 16
17 TOTAL. Add amounts on line 16 . Enter this amount on M4, line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Attach this schedule to your Form M4.
9995
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