Instructions for Form DP-2210 / 2220 Exceptions and Penalty for the Underpayment of Estimated Tax - New Hampshire

Form DP-2210/2220 Exceptions and Penalty for the Underpayment of Estimated Tax - New Hampshire

This document contains official instructions for Form DP-2210/2220 , Exceptions and Penalty for the Underpayment of Estimated Tax - a form released and collected by the New Hampshire Department of Revenue Administration. An up-to-date fillable Form DP-2210/2220 is available for download through this link.

FAQ

Q: What is Form DP-2210/2220?
A: Form DP-2210/2220 is a tax form used in New Hampshire to calculate penalties for underpayment of estimated tax.

Q: What are exceptions for the underpayment of estimated tax in New Hampshire?
A: Exceptions for the underpayment of estimated tax in New Hampshire include no tax liability in the previous year or if the estimated tax payments are at least 90% of the total tax liability.

Q: How do I calculate the penalty for underpayment of estimated tax?
A: The penalty for underpayment of estimated tax in New Hampshire is calculated using Form DP-2210/2220, which takes into account factors such as the amount of underpayment and the time period it occurred.

Q: What happens if I fail to pay estimated taxes in New Hampshire?
A: If you fail to pay estimated taxes in New Hampshire, you may be subject to penalties and interest on the underpaid amount.

Q: Are there any exceptions to the penalty for underpayment of estimated tax in New Hampshire?
A: Yes, there are exceptions to the penalty for underpayment of estimated tax in New Hampshire, such as if there was no tax liability in the previous year or if the estimated tax payments are at least 90% of the total tax liability.