Form 1120-W - Estimated Tax For Corporations - 1997 Page 2
ADVERTISEMENT
1
2
3
4
5
62
Form 1120-W (WORKSHEET) 1997
Page
Schedule A
Required Installments Using the Annualized Income Installment Method and/or the Adjusted
Seasonal Installment Method Under Section 6655(e). (See pages 5 and 6 of the instructions.)
Part I—Annualized Income Installment Method
(a)
(b)
(c)
(d)
First ____
First ____
First ____
First ____
months
months
months
months
1
Annualization periods (see instructions).
1
2
Enter taxable income for each annualization period (see
instructions).
2
3
Annualization amounts (see instructions).
3
4
Annualized taxable income. Multiply line 2 by line 3.
4
5
Figure the tax on the amount in each column on line 4 by
following the same steps used to figure the tax for line 14,
page 1 of Form 1120-W.
5
6
Enter other taxes for each payment period (see instructions).
6
7
Total tax. Add lines 5 and 6.
7
8
For each period, enter the same type of credits as allowed
on lines 15 and 20, page 1 of Form 1120-W (see instructions).
8
9
Total tax after credits. Subtract line 8 from line 7. If zero or
less, enter -0-.
9
10
Applicable percentage.
10
25%
50%
75%
100%
11
Multiply line 9 by line 10.
11
12
Add the amounts in all preceding columns of line 41 (see
instructions).
12
13
Annualized income installments. Subtract line 12 from line
11. If zero or less, enter -0-.
13
Part II—Adjusted Seasonal Installment Method
(Use this method only if the base period percentage for any
(a)
(b)
(c)
(d)
6 consecutive months is at least 70%. )
First 3
First 5
First 8
First 11
months
months
months
months
14
Enter taxable income for the following periods:
a Tax year beginning in 1994
14a
b Tax year beginning in 1995
14b
c Tax year beginning in 1996
14c
15
Enter taxable income for each period for the tax year
beginning in 1997.
15
First 4
First 6
First 9
Entire year
months
months
months
16
Enter taxable income for the following periods:
a Tax year beginning in 1994
16a
b Tax year beginning in 1995
16b
c Tax year beginning in 1996
16c
17
Divide the amount in each column on line 14a by the amount
in column (d) on line 16a.
17
18
Divide the amount in each column on line 14b by the amount
in column (d) on line 16b.
18
19
Divide the amount in each column on line 14c by the amount
19
in column (d) on line 16c.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial