Form Cd-429b - Underpayment Of Estimated Tax By C Corporations

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CD-429B
Underpayment of Estimated Tax
Web
by C Corporations
10-13
North Carolina Department of Revenue
For calendar year 2013, or other tax year beginning
2013, and ending
Legal Name
Federal Employer ID Number
Part 1. Computation of Underpayment
1.
1.
2013 net income tax (From 2013 Form CD-405, Schedule B, Line 26) ............................................................
2.
2.
2013 tax credits (From 2013 Form CD-405, Schedule B, Line 29e) ..................................................................
3.
3.
2013 net tax due. Line 1 minus Line 2 ..............................................................................................................
4.
Multiply Line 3 by 90%. If less than $500, do not complete this form; the corporation does not
4.
owe interest on the underpayment of estimated tax. ..........................................................................................
5.
2012 net tax due (From 2012 Form CD-405, Schedule B, Line 26 minus Line 29e)
5.
If corporation is a “large corporation” as defined in IRC Section 6655, enter the amount from Line 4 on Line 5
6.
6.
Enter the smaller of Line 4 or Line 5 ..................................................................................................................
(a)
(b)
(c)
(d)
7.
Installment due dates
Enter in columns (a) through (d) the 15th day of the 4th, 6th, 9th, and
12th months of the corporation’s tax year. (If any date falls on a
7.
Saturday, Sunday, or legal holiday, substitute the next regular workday.)
8.
Required installments
Enter 25% of Line 6 above in each column. If corporation is
using the annualized income installment method, enter the
computed installment amounts on Line 8, Columns (a) - (d) and
8.
attach schedule showing computations ...........................................
9.
9.
Estimated tax paid or credited for each period .........................
10.
Overpayment of previous installment
Enter amount from Line 13 of the preceding column. For Lines 10-13,
10.
complete one column before going to the next ........................................
11.
11.
Add Lines 9 and 10 .........................................................................
12.
Underpayment
If Line 11 is less than or equal to Line 8, subtract Line 11
12.
from Line 8; otherwise, go to Line 13 ..............................................
13.
Overpayment
If Line 8 is less than Line 11, subtract Line 8 from Line 11 ............
13.
Part 2. Computation of Underpayment of Estimated Tax
(See instructions for interest rate)
14.
14.
Enter the installment dates from Line 7 ...........................................
15.
15.
Enter the amount of underpayment from Line 12 ............................
16.
Enter the date of payment or the 15th day of the 4th month
16.
after the close of the tax year, whichever is earlier .........................
17.
Number of days from due date of installment to the date
17.
shown on Line 16 ............................................................................
18.
Days on Line 17(a) x interest rate x amount on Line 15(a)
$
18.
Days in the tax year .........................................................................
19.
Days on Line 17(b) x interest rate x amount on Line 15(b)
$
19.
Days in the tax year .........................................................................
20.
Days on Line 17(c) x interest rate x amount on Line 15(c)
$
20.
Days in the tax year .........................................................................
21.
Days on Line 17(d) x interest rate x amount on Line 15(d)
$
21.
Days in the tax year .........................................................................
22.
Underpayment of Estimated Tax. Add Lines 18-21.
$
22.
Enter amount here and on Form CD-405, Schedule B, Line 36 ..........................................................................

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