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 Underpayment of Estimated Tax by Corporation 2020

Montana Cit 2020-2025 Form

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the next quarterly estimated tax payment deadline is June 15th for individuals and businesses so it's a good time to review the rules for computing corporate Federal estimated payments you want your business to pay the minimum amount of estimated taxes without triggering the penalty for underpayment of estimated tax for methods the required installment of estimated tax that a corporation must pay to avoid a penalty is the lowest amount determined under each of the following four methods under the current year method a corporation can avoid the estimated tax underpayment penalty by paying 25 percent of the tax shown on the current tax year's return or if no return is filed 25 percent of the tax for the current year by each of four installment due dates the due dates are generally April 15th June 15th September 15th and January 15th of the following year under the preceding year method a corporation can avoid the estimated tax underpayment penalty by paying 25 of the tax

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