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2002 tax (from line 18, Forms 355 or 355C; line 21, Form 355S; or line 6, Form SBC). Commercial banks, insurance companies, and public service companies ...
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What is form m-2220 - massgov?
Form M-2220 is a tax form used by taxpayers in Massachusetts to calculate and report the Underpayment of Estimated Tax Penalty. It is issued by the Massachusetts Department of Revenue (DOR).
Who is required to file form m-2220 - massgov?
Individuals, corporations, and fiduciaries who have underpaid their estimated tax liabilities in Massachusetts during the tax year are required to file Form M-2220.
How to fill out form m-2220 - massgov?
To fill out Form M-2220, you need to provide information about your estimated tax payments, tax liability, and any accrued penalty. The form provides instructions on how to calculate the penalty and includes worksheets to help you determine the correct amount.
What is the purpose of form m-2220 - massgov?
The purpose of Form M-2220 is to calculate and report the Underpayment of Estimated Tax Penalty owed by taxpayers who did not pay enough estimated tax throughout the year. The form helps the Massachusetts DOR assess and collect any penalties due.
What information must be reported on form m-2220 - massgov?
Form M-2220 requires you to report your total tax liability, total estimated tax payments made, and any amounts that are underpaid or overpaid. You will also need to provide information about any penalties, such as estimated tax penalty, failure-to-file penalty, and failure-to-pay penalty.
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