Get Mo Mo-2220 2022

The MO MO-2220 form is essential for corporations to calculate potential underpayment of estimated taxes and any potential additions to tax. This guide provides a clear and supportive framework for accurately filling out the form online.

Follow the steps to effectively complete the MO MO-2220 online.

1. Press the ‘Get Form’ button to access the MO MO-2220 document and open it for editing.
2. Begin with Line 1, where you will need to enter 90% of the total amount from your 2022 tax (Form MO‑1120, Lines 15 and 16 less any approved credits), or 100% of your 2021 tax, whichever is smaller. If this amount is $250 or less, you do not need to complete this form.
3. In Columns (a) through (d), fill in the installment due dates that align with the 15th day of the 4th, 6th, 9th, and 12th months of the tax year.
4. Calculate and enter 25% of the amount listed in Line 1 into Columns (a) through (d).
5. Include in Lines 4 and 5 any amounts that were paid or credited by the installment due dates. Ensure to accurately record these figures as they will affect the later calculations.
6. Total the amounts from Lines 4 and 5 for each column and enter these amounts in Line 6.
7. Determine your underpayment by subtracting Line 6 from Line 3; this is recorded in Line 7.
8. If applicable, calculate any overpayment by subtracting Line 3 from Line 6 and enter this in Line 8.
9. Refer to the specific instructions for Lines 9 through 14 if exceptions apply and fill these out as needed.
10. Complete the necessary fields in Part 2 concerning exceptions to the addition to tax. Lines 15 through 26 will help you figure any additions to tax if applicable.
11. Once all calculations are made, ensure you verify the accuracy of the details provided, then save your changes, download, print, or share the completed form according to your needs.

Complete your MO MO-2220 form online today for timely tax management.