CIT-UT Underpayment of Estimated Tax By Corporation (2020)


Use this form to assist in calculating any underpayment interest penalty you may owe with the filing of your Form CIT. Be sure to attach a copy of the completed form to the Form CIT.

Any corporation with a tax liability over $5,000 must make estimated payments or risk penalties and interest. (15-31-502, MCA).  Failure to make these payments can result in being charged the underpayment interest penalty.