UNDERPAYMENT OF ESTIMATED INCOME TAX
                    BY CORPORATIONS
                    OFFICE OF STATE TAX COMMISSIONER                                               Form 40-UT
                    SFN 28744 (12-2022)
                                                                                                   2022

Underpayment Of Estimated North Dakota Income Tax By Corporations

For the tax year beginning                           , and ending                             ,   .
If a corporation's estimated income tax payment for any quarter (including overpayment credits from prior quarters) is less than 90% of
the quarterly income tax liability or is less than the prior year's North Dakota income tax liability divided by four, it will be required to
complete Form 40-UT and attach it to the North Dakota Corporation Income Tax Form 40 when filing.
  1. Net income tax liability (after any withholding) from 2022, Form 40, line 20 less line 22
      (If $5,000 or less, do not complete form)

  2. 90% of net income tax liability (before withholding) from 2022, Form 40, line 20

  3. Prior year's net income tax liability - From 2021 Form 40, line 20 (If $5,000 or less, do not
      complete form)

     Enter in columns A through D the installment
     dates that correspond to the 15th day of the      A                       BC D
     4th, 6th and 9th months of the taxable year,
     and the first month of the following year
  4. Enter 25% of line 2 or line 3, whichever is
      less, in column A through D. (Or, if the circle
      in line 10 was filled in, see the line 10
      instructions before completing.)

  5. a. 2021 overpayment credited to 2022 tax

      b. Amount paid and withheld for each quarter

                                                     Remaining lines for
                                                     Column A must be
                                                     completed before
                                                     proceeding to
       c. Overpayments.  See line 7(b)               Columns B, C and D.

  6. Add lines 5(a), 5(b), and 5(c)

  7. a. Underpayment. (line 4 less line 6)
      b. Overpayment. (line 6 less line 4) Enter
          here and on line 5(c) above, in the
          following quarter

  8. Interest, calculated at the rate of 12%
      per annum from the installment due date
      to the earlier of the date the estimated tax
      is paid or the due date (without extension)
      of the return.

  9. Total interest (Add line 8, columns A-D.  Enter on 2022 Form 40, line 24b)
      (No interest is due if either line 1 or 3 is less than $5,000.)                              (UE)
        Fill in the circle if estimated payments for the federal return were made using the adjusted seasonal installment
10.    method or annualized income installment method as provided for in IRC of 1986, as amended, § 6655(e), the
        amount of each quarterly payment due (for Line 4) is calculated in the same manner as for Federal Form 2220,
        which must be attached in that situation.