Montana Form Clt-4-Ut - Underpayment Of 2006 Estimated Tax By Corporation Page 3
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3Annualized Income and Adjusted Seasonal Installment Method Worksheet (Continued)
A
B
C
D
Period
First 4 months First 6 months First 9 months
Entire year
20. Divide the amount in each column on line 5c
by the amount in column D on line 7c and enter
the result. ................................................................ 20.
2. Add lines 8 through 20 and enter the result. ........ 2.
22. Divide line 2 by 3 and enter the result. This is
your base period percentage for months before
your filing month. .................................................... 22.
23. Divide line 6 by line 22 and enter the result. ........ 23.
24. Multiply line 23 by your tax rate. ............................ 24.
25. Divide the amount on line 7a by the amount in
column D on line 7a and enter the result. ............. 25.
26. Divide the amount on line 7b by the amount in
column D on line 7b and enter the result. ............. 26.
27. Divide the amount on line 7c by the amount in
column D on line 7c and enter the result. ............. 27.
28. Add lines 25 through 27 and enter the result. ........ 28.
29. Divide line 28 by 3 and enter the result. This is
your base period percentage for months through
and including your filing month. .............................. 29.
00%
30. In each column multiply the amount on line 24 by
the amount on line 29. ............................................ 30.
3. For each period, enter the same type of credits as
on Form CLT-4-UT, line 2 (see instructions). .......... 3.
32. Total tax after credits. Subtract line 3 from line 30
and enter the result. If less than zero, enter zero. . 32.
33. Multiply line 32 by 80% and enter the result. .......... 33.
Complete lines 36 through 41 for one column before completing lines 34 and 35 of the next column.
34. Add together all previous columns of line 4 and enter
the result (i.e. - add the amounts in columns A and B
on line 4, and enter the result in column C). .................................... 34.
35. Subtract line 34 from line 33. If less than zero,
enter zero. .............................................................. 35.
Part III
Computation of required installments
st Installment 2nd Installment 3rd Installment 4th Installment
36. If you completed only one of the above parts, enter
the amounts from line 4 or line 35. If you
completed both parts, enter the lesser of the
amounts in each column from line 4 or line 35. .... 36.
37. Divide line 4c, Form CLT-4-UT, by four and enter
the result in each column. ...................................... 37.
38. Enter the amount from line 40 in the preceding
column of this worksheet. .................................................................. 38.
39. Add lines 37 and 38 and enter the result. ............... 39.
40. If line 39 is more than line 36, subtract line 36
from line 39 and enter the result. Otherwise,
enter zero. .............................................................. 40.
4. Enter the lesser of line 36 or line 39 here and on
Form CLT-4-UT, line 6. These are your
calculated installments. ....................................... 4.
our mailing address is: Montana Department of Revenue
PO Box 802
Helena, MT 59604-802
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