Form Cbt-160-A - Underpayment Of Estimated N.j. Corporation Business Tax

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CBT-160-B
Underpayment of Estimated N.J. Corporation Business Tax
N.J. Division of Taxation
For Taxpayers with Gross Receipts of $50,000,000 or more
(07-15)
Attach to your tax return (Form CBT-100 or CBT-100S)
CORPORATE NAME
FEDERAL EMPLOYER I.D. NUMBER
N.J. CORPORATION NUMBER
PART I
How to Compute Your Underpayment
Note: If you meet any of the exceptions that avoid the underpayment charge for ANY installment due, complete PART II
1. Amount of 2015 Tax - Refer to line 1 instruction on reverse side. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. 90% of Line 1. If you were qualified and elected to make a single payment in lieu of paying installments
of estimated tax, you may enter zero. (See Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Prior year’s tax - Enter the amount from line 15, page 1 of the 2014 CBT-100 or the amount from line 6,
page 1 of the 2014 CBT-100S.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Enter the lesser of Lines 2 or 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(a)
(b)
(c)
5. Enter in columns (a) through (c) the installment dates that correspond to
the 15th day of the 4th, 6th and 12th months of your tax year . . . . . . . . .
6. Enter 25% of Line 4 in columns (a) and (c) and 50% of line 4 in
Column (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. (a) Amount paid or credited for each period . . . . . . . . . . . . . . . . . . . . . . .
(b) Overpayment of previous installment (enter any overpayment shown
on line 9 that is more than the total of all prior underpayments as a
credit against the next installment) . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Add lines 7(a) and 7(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Underpayment (subtract line 8 from line 6) or overpayment (subtract line 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
from line 8)
PART II
Exceptions (See Instructions)
10. Total amount paid or credited from the beginning of the tax year through
the installment dates that correspond to the 15th day of the 4th, 6th, and
12th months of your tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25% of tax
75% of tax
100% of tax
11. Exception 1, tax based on the facts shown on the prior year’s return but
using current year’s rates. Refer to instructions on reverse side
regarding taxable periods of less than one year . . . . . . . . . . . . . . . . . . . .
22.5% of tax
67.5% of tax
90% of tax
12. Exception 2, tax based on annualized tax . . . . . . . . . . . . . . . . . . . . . . . . .
PART III
Installment Interest Due (See Instructions)
13. Amount of underpayment from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Enter same installment dates used above at line 5 . . . . . . . . . . . . . . . . . .
15. Enter the date of payment or the 15th day of the 4th month after
the close of the tax year, whichever is earlier . . . . . . . . . . . . . . . . . . . . . .
16. Number of months from the date on line 14 to the date on line 15.
(A part of a month is deemed to be a full month.) . . . . . . . . . . . . . . . . . . .
17. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. Installment interest due - Add columns (a), (b), and (c) of line 17. Enter the
total here and on page 1, line 21 of Form CBT-100 or page 1, Line 14 of Form CBT-100S . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
THIS FORM MAY BE REPRODUCED

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