This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for IRS Form 2220 for the current year.
This document contains official instructions for IRS Form 2220 , Underpayment of Estimated Tax by Corporations - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 2220 is available for download through this link.
Q: What is IRS Form 2220?
A: IRS Form 2220 is a form used by corporations to calculate and report underpayment of estimated tax.
Q: Who should use Form 2220?
A: Corporations should use Form 2220 if they have underpaid their estimated tax during the year.
Q: What is underpayment of estimated tax?
A: Underpayment of estimated tax occurs when a corporation hasn't paid enough estimated tax throughout the year.
Q: How do I fill out Form 2220?
A: You will need to calculate the underpayment penalty and fill out the necessary sections of the form based on your corporation's estimated tax payments and income.
Q: When is Form 2220 due?
A: Form 2220 is typically due on the same day as your corporate tax return, including extensions.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of IRS-released tax documents.