Information Return PenaltiesInternal Revenue Service 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your personal information in the designated fields, including your first name, last name, and Social Security Number (SSN). If applicable, fill in your spouse's details as well.
3. Provide your mailing address, ensuring all components such as street number, city, state, and zip code are accurately filled out.
4. Proceed to the 'Interest on Underpayment of Estimated Tax' section. Enter your 2022 Mississippi income tax liability on line 1 and calculate 80% of that amount for line 2.
5. For lines 3 and 4, input your previous year's tax liability and determine the lesser amount between lines 2 and 3.
6. Continue filling out the interest calculation section by completing lines 5 through 10 based on your estimated payments and any overpayments or underpayments from previous columns.
7. Finally, review all entries for accuracy before saving or exporting the completed form using our platform's features.

Start using our platform today to simplify your document editing and form completion process for free!