Montana Form Clt-4-Ut - Underpayment Of 2006 Estimated Tax By Corporation
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3MonTAnA
CLT-4-UT
Rev. -06
Underpayment of 2006 Estimated Tax By Corporation
Instructions attached
For calendar year 2006 or tax year beginning (MM-DD) ___ - ___- 06 and ending (MM-DD-YY) ___ - ___ - ___
Corporation name ______________________________________________________ FEIN ______________________
Part I
Figuring your underpayment
. Enter your Montana tax liability from Form CLT-4, page3, line 0. ........................................................... .
2. Enter your total credits from Form CLT-4, page 3, line 2. ....................................................................... 2.
3. Subtract line 2 from line . If the result is less than $5,000, you do not need to complete the rest of
this form because you do not owe the interest. Otherwise, go to line 4. ................................................... 3.
4. a. Multiply line 3 by 80% and enter the result. .............................................................. 4a.
b. Enter 00% of the Montana tax liability shown on your previous year’s
CLT-4 (see instructions). ............................................................................................ 4b.
c. Enter the lesser of line 4a or 4b (see instructions). .............................................................................4c.
A
B
C
D
5. Enter in columns A through D the quarterly
installment due dates (the 5th day of the fourth,
sixth, ninth, and twelfth months of your tax year). ..........5.
6. Multiply the amount in 4c by 25% and enter this
amount in each column of line 6 unless you use the
annualized income installment method and/or the
adjusted seasonal installment method. If so,
complete the worksheet in the instructions and enter
the amount from line 4 of the worksheet in each
column of line 6. Also check this box
and attach a
copy of the worksheet to this form.
These are your required installments. .......................6.
Complete lines 7 through 14 for one column before completing the next column.
7. Enter the amount paid or credited for each
period (see instructions). .................................................7.
8. Enter the amount, if any, from line 4 of the previous column. ...............8.
9. Add lines 7 and 8 and enter the result. ...........................9.
0. Add the amounts on lines 2 and 3 of the previous
column and enter the result....................................................................0.
. Subtract line 0 from line 9 and enter the result. If less
than zero, enter zero. .................................................... .
2. If the amount on line is zero, subtract line 9 from
line 0 and enter the result. Otherwise, enter zero. ..............................2.
3. If line is less than or equal to line 6, subtract line
from line 6 and enter the result. Then go to line 7 of
the next column. Otherwise, go to line 4.
This is your underpayment. .......................................3.
4. If line 6 is less than line , subtract line 6 from line
and enter the result. Then go to line 7 of the next
column. This is your overpayment. ..........................4.
Part II
Figuring your underpayment interest
15. Enter the date of payment or the 15th day of the fifth
month after the close of the tax year, whichever is
earlier. ...........................................................................5.
6. Enter the number of days from the installment due
date on line 5 to the date shown on line 5. .................6.
7. Multiply line 3 by line 6. Multiply the result by
2% and then divide the result by 365. .........................7.
8. Add the amounts from all columns on line 7. Enter the result here and on Form CLT-4, page 3,
line 7. This is your total underpayment interest. ............................................................................ 8.
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