Get Mo Mo-2220 2020

This guide provides a clear and supportive walkthrough for completing the MO MO-2220 form online. The MO MO-2220 is essential for corporations to determine potential tax underpayment and any applicable additions to tax for the 2020 taxable year.

Follow the steps to fill out the MO MO-2220 accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the taxable year, Missouri Tax I.D number, and the Federal Employer I.D. number at the top of the form. Ensure correct information to avoid errors.
3. Complete Part 1 titled 'How to Figure the Underpayment'. Start by filling out Line 1 with 90% of the amount of your 2020 tax or 100% of your 2019 tax, whichever is smaller. If this amount is $250 or less, do not complete the rest of the form.
4. In Lines 2 through 8, input the relevant data for installment due dates, amount paid, and underpayment calculations. For Lines 4 and 5, include any applicable credits or previous underpayments.
5. Proceed to Part 2, 'Exceptions to the Addition to Tax', if Line 7 indicates an underpayment. Here, you will assess if any exceptions apply to your tax situation and fill out the corresponding lines, referring to them as listed.
6. If no exceptions apply, move on to Part 3, 'How to Figure the Addition to Tax'. Complete Lines 15 through 26 based on the underpayment calculations you previously entered.
7. Lastly, review all information for accuracy. Users can save changes, download, print, or share the completed form as needed. Be sure to attach the MO MO-2220 to Form MO-1120 when filing.

Complete your documents online confidently and accurately.