Corporations, tax-exempt organizations subject to the unrelated business income tax, and private foundations use Form 2220 to determine:
- Whether they are subject to the penalty for underpayment of estimated tax and, if so,
- The amount of the underpayment penalty for the period that applies.
Current Revision
Recent Developments
Relief from additions to tax for underpayments applicable to the new corporate alternative minimum tax -- 21-DEC-2023
Taxpayer Relief for Certain Tax-Related Deadlines Due To Coronavirus Pandemic -- 14-APR-2020