com 2220 Underpayment of Estimated Tax by Corporations OMB No, 1545-0142

» See separate Instructions.
Department of the Treasury
Internal Revenue Service » Attach to your tax return.
Name Employer identification number

Note: /n most cases, IRS can figure the penalty and the corporation will not have to complete this form. See the separate
Instructions for more information.

Figuring The Underpayment

1 Total tax (see Instructions) ©... ee eee ee bh
2a Personal holding company tax included on line 1 (Schedule PH (Form 1120), line 27) . | 2a
b Credit for Federal tax on fuels (see Instructions) . . 2. 2... ee. LOD
© Total—Add lines 2a and 2b... cee eee bE
3 Subtract line 2c from line 1, If the result is less than $500, do net complete or file this form. The corporation does
notowe the penalty 2... ee ee ee ee ES
4a Enter 90% of line3 2... . tee [48
b Enter the tax shown on the corporation's 1989 tax return, (Caution: See instructions
before completing this line.) . . . . ee ee ee ee ee LA
¢ Estimated tax. Enter the smaller of line 4a or line 4b . a
@) (b) © (4)

5 _ Installment due dates. Enter in columns (a) through (d) the
15th day of the 4th, 6th, 9th, and 12th months of the
corporation's tax year... rr oe)

6 Required installments. Enter 25% of line 4c in columns (2)
through (d) unless a or b below applies to the corporation:

a If the corporation uses the annualized income installment
method and/or the adjusted seasonal installment method,
complete the worksheet in the Instructions and enter the
amounts from line 45 in each column of line 6. Also check
this box » [_] and attach a copy of the worksheet.

b If the corporation is a “large corporation,” check this
box » LJ and see the Instructions for the amount to enter in
each column ofline6. . 2...) LS

Complete lines 7 through 14 for one column before
completing the next column.

7 Amount paid or credited for each period. (See Instructions.)
(For column (a) only, enter the amount from line 7 online 11.) |_7

8 Enter amount, if any, from line 14 of previous column . . | 8
9 Addlines7and8. 2. . . -.. 2
10 Add amounts on lines 12 and 13 of the previous column and
enterthe result. 2... 2 we : 10
11. Subtract tine 10 from line 9. If less than zero, enter zero. (For
column (a) only, enter the amount from line7.) . . . . Lala

12 Remaining underpayment from previous period. If the amount
on line 11 is zero, subtract line 9 from line 10 and enter the
result. Otherwise, enter zero... . . [2

13 > UNDERPAYMENT. If line 11 is less than or or equal to line 6,
‘subtract line 11 from line 6 and enter the result. Then go to
line 7 of the next column. Otherwise, go toline 14... 13

14 OVERPAYMENT. If line 6 is less than line 11, subtract line 6
from line 11 and enter the result. Then go to line 7 of the next
column. | 14
Go to Part lon the back to figure the penalty.

For Paperwork Reduction Act Notice, see page 1 of the separate Instructions. Form 2220 (1990)


Form 2220(1990) aoe 2
Figuring the Penalty

(a) (b) (c) (d)

15 Enter the date of payment or the 15th day of the 3rd month after the
close of the tax year, whichever is earlier. (Form 990-PF and Form 990-T

filers: Use Sth month instead of 3rd month)... . . . . [3S
16 Number of days from due date of installment on line 5 to the
date shown online15 . . . . . 1. ee FRE

17 Number of days on line 16 after 4/15/90 and before 4/1/91. {17

18 Number of days on line 16 after 3/31/91 and before 7/1/91. |18

19 Number of days on line 16 after 6/30/91 and before 10/1/91 |_19.

20 Number of days on line 16 after 9/30/91 and before 1/1/92. | 20

21 Number of days on line 16 after 12/31/91 and before 2/16/92. . | 22
22 Number of ous 2 line 17 x 11% x the underpayment on line 13, . [22
23 Number of days on line 18 x *% x the underpayment on line 13. . [23
24 Number of as online 19 x *% x the underpayment online 13. . [24
25 Number of days on line 20 x *% x the underpayment on line 13, , [25
26 Number of says.on line 21 x *% x the underpayment on line 13, . | 26
27 Add lines 22 through26. . 2... 1 1... LE

28 PENALTY. Add columns (a) through (d), line 27. Enter here and on line 33, Form 1120; line 29, Form 1120-A; or comparable:
line for other income tax returns 2s 8
“If the corporation's tax year ends after December 31, 1990, see the Instructions for lines 23 through 26.