Get Mo Mo-2220 2023-2025

The MO MO-2220 form assists corporations in determining underpayment of estimated tax and any applicable additions to tax. This guide provides a clear, step-by-step approach to filling out the form online, ensuring users can complete it with confidence.

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

1. Click the ‘Get Form’ button to access the form and open it in your online editing tool.
2. In the form header, enter the taxable year relevant to your corporation's tax filings.
3. Fill in the Missouri Tax I.D. number and the Federal Employer Identification Number in the designated fields.
4. Move to Part 1 titled 'How to Figure the Underpayment.' For Line 1, enter the smaller amount between 90% of the current year's tax and 100% of the previous year's tax.
5. In Line 2, list the installment due dates corresponding to the 15th day of the 4th, 6th, 9th, and 12th months of the tax year.
6. For Line 3, input 25% of the amount calculated in Line 1 into each of the columns a, b, c, and d.
7. In Line 4, record the amounts that have been paid or credited by each installment due date.
8. On Line 5, indicate any overpayment from the previous installment.
9. Calculate the total of Lines 4 and 5 and enter this into Line 6.
10. For Line 7, subtract the total from Line 6 from Line 3 to find your underpayment.
11. Proceed to Part 2 if there is an underpayment; otherwise, move to Part 3 to assess the addition to tax.
12. Complete Part 2 by determining if any exceptions apply based on the conditions provided in the form instructions.
13. If no exceptions apply, complete Lines 15 to 26 in Part 3, which details the calculation for the addition to tax.
14. Finally, review all sections for accuracy, then save your changes and choose to download, print, or share the completed form.

Start completing the MO MO-2220 online today for accurate tax reporting.