North Dakota Underpayment of Estimated North Dakota Income Tax by Corporations

Underpayment of Estimated North Dakota Income Tax by Corporations
Form 40-UT - Underpayment of Estimated Income Tax by Corporations (2022)
UNDERPAYMENT OF ESTIMATED INCOME TAX
BY CORPORATIONS

Form 40-UT

OFFICE OF STATE TAX COMMISSIONER

2022

SFN 28744 (12-2022)

Underpayment Of Estimated North Dakota Income Tax By Corporations
For the tax year beginning

,

and ending

.

,

If a corporation's estimated income tax payment for any quarter (including overpayment credits from prior quarters) is less than 90% of
the quarterly income tax liability or is less than the prior year's North Dakota income tax liability divided by four, it will be required to
complete Form 40-UT and attach it to the North Dakota Corporation Income Tax Form 40 when filing.

1. Net income tax liability (after any withholding) from 2022, Form 40, line 20 less line 22
(If $5,000 or less, do not complete form)
2. 90% of net income tax liability (before withholding) from 2022, Form 40, line 20
3. Prior year's net income tax liability - From 2021 Form 40, line 20 (If $5,000 or less, do not
complete form)
Enter in columns A through D the installment
dates that correspond to the 15th day of the
4th, 6th and 9th months of the taxable year,
and the first month of the following year

A

B

C

D

4. Enter 25% of line 2 or line 3, whichever is
less, in column A through D. (Or, if the circle
in line 10 was filled in, see the line 10
instructions before completing.)

5. a. 2021 overpayment credited to 2022 tax

b. Amount paid and withheld for each quarter

c. Overpayments. See line 7(b)

Remaining lines for
Column A must be
completed before
proceeding to
Columns B, C and D.

6. Add lines 5(a), 5(b), and 5(c)

7. a. Underpayment. (line 4 less line 6)
b. Overpayment. (line 6 less line 4) Enter
here and on line 5(c) above, in the
following quarter
8. Interest, calculated at the rate of 12%
per annum from the installment due date
to the earlier of the date the estimated tax
is paid or the due date (without extension)
of the return.
9. Total interest (Add line 8, columns A-D. Enter on 2022 Form 40, line 24b)
(No interest is due if either line 1 or 3 is less than $5,000.)

 10.

(UE)

Fill in the circle if estimated payments for the federal return were made using the adjusted seasonal installment
method or annualized income installment method as provided for in IRC of 1986, as amended, § 6655(e), the
amount of each quarterly payment due (for Line 4) is calculated in the same manner as for Federal Form 2220,
which must be attached in that situation.