Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Programs

ADVERTISEMENT

Shedule T Incentives
ADDITION TO THE TAX FOR FAILURE TO PAY ESTIMATED TAX IN
Rev. 05.03
CASE OF EXEMPT BUSINESSES UNDER THE PUERTO RICO
200__
INCENTIVES PROGRAMS
Taxable year beginning on ______, ____ and ending on _____, ____
Taxpayer's Name
Employer's Identification Number
Part I
Estimated Tax Required
00
1.
Tax liability (See instructions) .........................................................................................................................................................
(1)
00
2.
Credits and overpayments (See instructions) .................................................................................................................................
(2)
00
3.
Estimated tax (Subtract line 2 from line 1. If it is zero or less, do not complete this Schedule) .....................................................
(3)
00
4.
Line 1 multiplied by 90% ................................................................................................................................................................
(4)
5.
00
Subtract line 2 from line 4 (If it is zero or less, enter zero) .............................................................................................................
(5)
00
6.
Tax to be paid based on the income tax return from previous year (See instructions) ....................................................................
(6)
7.
Tax to be paid based on the income tax return from previous year determined according to the rates corresponding
00
to the current taxable year (See instructions) ...................................................................................................................................
(7)
00
8.
Enter the smaller of lines 5, 6 and 7 ................................................................................................................................................
(8)
Section A - Estimated Tax to Be Paid per Installment Placing the Net Income on an Annual Basis
First ____
First ____
First ____
First ____
months
months
months
months
9.
Basis Period (See instructions) ...........................................................
(9)
00
0 0
0 0
0 0
10.
Enter the net income for each basis period ..........................................
(10)
11.
Divide line 10 between the number of months of the basis
00
00
00
00
period on line 9 ...................................................................................
(11)
00
00
00
00
Net income placed on an annual basis (Multiply line 11 by 12) ...................
12.
(12)
13.
Determine the normal tax on the net income placed on an
00
00
00
00
annual basis of line 12 (See instructions) .............................................
(13)
14.
Determine the additional tax on the net income placed on an
00
00
00
00
annual basis of line 12 (See instructions) ............................................
(14)
Determine the recapture on the net income placed on an annual
15.
00
00
00
00
basis of line 12 (See instructions) .......................................................
(15)
0 0
0 0
0 0
0 0
16.
Enter the recapture of investment credit claimed in excess or others ...
(16)
17.
Determine the alternative minimum tax only on the fully taxable
0 0
0 0
0 0
0 0
operations net income placed on an annual basis of line 12 ..................
(17)
0 0
0 0
0 0
0 0
18.
Total annual basis tax (Add lines 13 through 17) ...............................
(18)
0 0
0 0
0 0
0 0
Multiply line 18 by 90% .....................................................................
19.
(19)
20.
Enter the credits and other payments per period (See
0 0
0 0
0 0
0 0
instructions) ........................................................................................
(20)
21.
Estimated Tax to be Paid (Subtract line 20 from line 19. If it is
0 0
0 0
0 0
0 0
less than zero, enter zero) ..................................................................
(21)
Add the amounts of all previous columns of line 29 (See
22.
0 0
0 0
0 0
instructions) .......................................................................................
(22)
0 0
0 0
0 0
0 0
23.
Subtract line 22 from line 21 (If it is less than zero, enter zero) ........
(23)
3
2
1
4
24.
Number of installments .......................................................................
(24)
25.
Estimated Tax to be Paid per Installment Placing the Net
0 0
0 0
0 0
Income on an Annual Basis (Line 23 divided by line 24) ...................
0 0
(25)
Section B - Estimated Tax Required
00
00
00
00
Subtract line 22 from line 8 ................................................................
26.
(26)
4
3
2
1
27.
Number of installments .......................................................................
(27)
00
00
00
00
28.
Line 26 divided by line 27 ..................................................................
(28)
29.
Installment of Required Minimum Estimated Tax (Enter the
00
00
00
00
smaller of line 25 and line 28. Transfer to line 31) .............................
(29)
Conservation Period: Ten (10) years

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Program Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Program Financial
Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under - 2010 Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under - 2010 Financial
Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2009 Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2009 Financial
Schedule T Corporation And Partnership - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations And Partnerships Schedule T Corporation And Partnership - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations And Partnerships Financial
Schedule T Corporation And Partnership - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations And Partnerships Schedule T Corporation And Partnership - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations And Partnerships Financial
Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2010 Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2010 Financial
Schedule T Corporation - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations Schedule T Corporation - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations Financial
Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2012 Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2012 Financial
Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2003 Schedule T Individual - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Individuals - 2003 Financial
Schedule T Corporation And Partnership - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations And Partnerships Schedule T Corporation And Partnership - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Corporations And Partnerships Financial

Related Categories

Parent category: Financial
Download
Go
Page of 2