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CCH Axcess Tax
Annualized Income Installment Method
Entries in these fields will be used to calculate the penalty on Form 220, Underpayment of Estimated Tax by Corporations, using the annualized income installment method. Annualization period options are:
Standard Option:
- 1st period = 2
- 2nd period = 3
- 3rd period = 6
- 4th period = 9
or
Option 1:
- 1st period = 2
- 2nd period = 4
- 3rd period = 7
- 4th period = 10