Business Declaration Of Estimated Tax - Newark City - 2009
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1
2REV 6/2008
INSTRUCTIONS FOR COMPLETING THE NEWARK CITY BUSINESS DECLARATION OF ESTIMATED TAX
Line 1. Enter estimated income subject to Newark Tax.
Line 2. Estimated tax is line 1 multiplied by 1.75%, if $100.00 or more, quarterly estimated payments must be remitted.
Line 3. If Line 2 is $100.00 or more, you must remit minimum payment with this filing of at least 22.5% of Line 2.
Line 4. Enter prior year credit carried forward.
Line 5. First quarter payment due, Line 3 less Line 4.
Line 6. Penalty of $10.00 is imposed for failure to file a declaration of estimated tax by the due date. Interest is calculated on each quarter payment made late at
the rate of 1.5% per month (or fractional part thereof). Enter total penalty and interest.
Line 7. Add Lines 5 and 6 to calculate the balance due with this filing.
NOTE: THE DUE DATE FOR THE CURRENT YEAR DECLARATION OF ESTIMATED TAX CANNOT BE EXTENDED FOR ANY REASON,
EVEN IF A FEDERAL EXTENSION FOR THE PRIOR YEAR ANNUAL TAX RETURN HAS BEEN REQUESTED AND/OR APPROVED.
2009 DECLARATION AND RECORD OF PAYMENTS
Total Estimated Tax for 2009:……………………………………………………………………………………………………$
Quarter
Due Date
Check #
Date Paid
Amount Paid
ST
1
ND
2
RD
3
TH
4
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