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Indiana Free Printable  for 2024 Indiana Underpayment of Estimated Utility Receipts Tax

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Underpayment of Estimated Utility Receipts Tax
Schedule URT-2220

Schedule Indiana Department of Revenue URT-2220 Underpayment of Estimated Utility Receipts Tax State Form 51252 (R18 / 8-22) Beginning 2022 and Ending □ Check box if using the exact quarterly payment method. The purpose of this schedule is to calculate the penalty for underpayment of utility receipts tax on a quarterly basis. The penalty is 10 percent of the total quarterly underpayments unless an exception to the penalty is met for a quarter in Part II. Name of Corporation or Organization Federal Employer Identification Number Part I - Calculation of Minimum Quarterly Payment (use a minus sign to denote a negative amount) 1. Enter utility receipts tax due (line 16 of Form URT-1); if less than $2,500, enter -0-.................... 1 2. Multiply line 1 by 80% and enter result on line 3.......................................................................... 2 3. Minimum required payment of utility receipts tax liability for the taxable year............................. 3 4. Enter prior year’s utility receipts tax liability (do not reduce by estimated taxes paid) that is relative to the number of months in the current taxable year....................................................... 4 Part II - Calculation of Quarterly Underpayment Penalty or Exception 5. Enter line 3 or line 4, whichever amount is less........................................................................... 5 6. Enter in columns (a) through (d) the quarterly installment due dates corresponding to the 20th day of the 4th, 6th, 9th and 12th months of the tax year....................................... 6 (a) 1st quarter (b) 2nd quarter (c) 3rd quarter 00 X.80 00 00 00 (d) 4th quarter 7. Enter the amount of utility receipts tax paid or credited on or before the due date of the quarterly installment................. 7 8. Enter the overpayment, if any, from the preceding column in excess of any prior underpayments shown on line 11........ 8 9. Add lines 7 and 8 for each column......................................... 9 10. Divide line 5 by 4 or by the number of quarters in the taxable year; enter result in columns (a) through (d)............. 10 11. Subtract line 10 from line 9 for each quarter (If the result is a negative figure, you have not met an exception to the penalty for the quarter.)................................ 11 12. If line 11 shows zero or more for a quarter, the overpayment exception is met. Enter zero on line 12. Otherwise, compute 10% penalty on the underpayment shown on line 11 for each column. Enter the penalty, if any, for the quarter as a positive figure............................................... 12 13. Add line 12, columns (a) through (d). This is the total underpayment penalty. Enter it here and carry the amount to Form URT-1, line 23........................................................................................... 13 *20422111694* 20422111694 00
Extracted from PDF file 2023-indiana-schedule-urt-2220.pdf, last modified March 2021

More about the Indiana Schedule URT-2220 Other TY 2023

We last updated the Underpayment of Estimated Utility Receipts Tax in April 2023, so this is the latest version of Schedule URT-2220, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule URT-2220 directly from TaxFormFinder. You can print other Indiana tax forms here.

Other Indiana Other Forms:

TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 130 Taxpayer's Notice to Initiate a Property Tax Appeal
Form 104 Business Tangible Personal Property Return
Form 43708 Application for Senior Citizen Property Tax Benefits
Form 102 Farmer's Tangible Personal Property Assessment Return
Form 103-Short Business Tangible Personal Property Return

Download all IN tax forms View all 70 Indiana Income Tax Forms


Form Sources:

Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Schedule URT-2220 from the Department of Revenue in April 2023.

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Historical Past-Year Versions of Indiana Schedule URT-2220

We have a total of five past-year versions of Schedule URT-2220 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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