Form K-220 - Kansas Underpayment Of Estimated Corporate Tax - 2011
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1
2K-220
2011
KANSAS
Underpayment of Estimated Corporate Tax
(Rev. 8/11)
Name as shown on Form K-120
Employer Identification Number (EIN)
CURRENT AND PRIOR YEAR INFORMATION
1
1. Subtract lines 29 and 30 from line 25 on Form K-120 and enter here ................................
2
2. Multiply line 1 by 90% ...........................................................................................................
3
3. Prior year’s tax liability (Subtract lines 29 and 30 from line 25 of last year’s Form K-120) ....
PART I – EXCEPTIONS TO THE PENALTY
(1)
(2)
(3)
(4)
4. Enter in Columns (1) through (4) the installment due
4
dates that correspond to the 15th day of the 4th,
6th, 9th and 12th month of the taxable year .........
5. Cumulative timely paid estimated tax payments and
5
credit forward from the beginning of the tax year
through each installment due date .........................
25% of line 2 or 3
50% of line 2 or 3
75% of line 2 or 3
100% of line 2 or 3
6. Exception 1 – Cumulative amount from either line 2
6
or line 3, whichever is less ......................................
22.5% of tax
45% of tax
67.5% of tax
90% of tax
7
7. Exception 2 – Tax on annualized 2011 income ......
PART II – FIGURING THE PENALTY
8. Amount of underpayment. Enter the sum of line 6 less
8
line 5; or line 7, less line 5; whichever is applicable ...
9. Due date of each installment ....................................
9
10. Number of days from the due date of the installment
in one column to the due date of the next installment in
10
the next column or to 12/31/11; whichever is earlier.
If paid late, see instructions. .....................................
11. For calendar years, enter the number of days from
1/1/12 to the due date of the return or the date the tax
11
was paid, whichever was earlier. For fiscal years, see
the instructions. If paid late, see instructions.
12. Line 10
12
X (5% X amount on line 8)........................
365
13. Line 11
13
X (5% X amount on line 8)........................
366
14
14. Penalty (Add lines 12 and 13) ..................................
15. Total penalty. Add amounts on line 14; enter the total here and on line 37 (Estimated Tax Penalty) of
15
.
Form K-120 ..........................................................................................................................................
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