This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 2220 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 2220?
A: IRS Form 2220 is a form used by corporations to calculate and report any underpayment of estimated tax.
Q: Who needs to file IRS Form 2220?
A: Corporations that have underpaid their estimated tax throughout the year need to file IRS Form 2220.
Q: When is IRS Form 2220 due?
A: IRS Form 2220 is generally due on the same day as the corporation's tax return, including extensions.
Q: What is the purpose of IRS Form 2220?
A: The purpose of IRS Form 2220 is to calculate and report any underpayment of estimated tax by a corporation.
Q: Can I file IRS Form 2220 electronically?
A: Yes, corporations can file IRS Form 2220 electronically using the e-file system.
Q: What penalties can result from underpayment of estimated tax?
A: Failure to pay the estimated tax or underpayment can result in penalties and interest charges.
Q: Are there any exceptions to filing IRS Form 2220?
A: There may be exceptions for certain corporations with small tax liabilities or specific circumstances. It is best to consult the IRS for guidance.
Q: What should I do if I made an error on IRS Form 2220?
A: If you made an error on IRS Form 2220, you can file an amended form or contact the IRS for guidance on how to correct the mistake.
Form Details:
Download a fillable version of IRS Form 2220 through the link below or browse more documents in our library of IRS Forms.