Corporations, tax-exempt organizations subject to the unrelated business income tax, and private foundations use Form 2220 to determine:
- Whether they are subject to the penalty for underpayment of estimated tax and, if so,
- The amount of the underpayment penalty for the period that applies.
Other Items You May Find Useful
About Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation