Schedule K-220 Kansas Underpayment of Estimated Tax (Corporate Income Tax) - Kansas

What Is Schedule K-220?

This is a legal form that was released by the Kansas Department of Revenue - a government authority operating within Kansas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule K-220?
A: Schedule K-220 is a form used for calculating and reporting the underpayment of estimated tax for corporate income tax in Kansas.

Q: Who is required to file Schedule K-220?
A: Corporations that have underpaid their estimated tax in Kansas are required to file Schedule K-220.

Q: How do I calculate underpayment of estimated tax?
A: To calculate underpayment of estimated tax, you need to compare the total estimated tax payments made with the required estimated tax payments.

Q: When is the deadline for filing Schedule K-220?
A: The deadline for filing Schedule K-220 is the same as the deadline for filing your Kansas corporate income tax return, which is generally April 15th.

Q: What happens if I don't file Schedule K-220 or if I underpay my estimated tax?
A: Failure to file Schedule K-220 or underpayment of estimated tax may result in penalties and interest being assessed by the Kansas Department of Revenue.