Form Nyc-222 - Underpayment Of Estimated Tax By Business And General Corporations - 2017

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UNDERPAYMENT OF ESTIMATED TAX BY
2017
BUSINESS AND GENERAL CORPORATIONS
TM
Department of Finance
For CALENDAR YEAR 2017 or FISCAL YEAR beginning ____________________, 2017 and ending _______________________
Print or Type t
Name:
EMPLOYER IDENTIFICATION NUMBER
Computation of Underpayment
2017 tax (from NYC-2, Sch. A, line 4; NYC-2A, Sch. A, line 6; NYC-2S, Sch. A, line 4; NYC-3L, Sch. A, line 6;
1.
NYC-4S, Sch. A, line 5; NYC-4S-EZ, Sch. A, line 3; or NYC-3A, Sch. A, line 8) ..............................................................1.
2.
Credits (from NYC-2, Schedule A, lines 5, 7, 8, 9, 10 and 11; NYC-2A, Schedule A, lines 7, 9, 10, 11, 12 and 13;
NYC-3L, Schedule A, lines 7, 9a, 9b, 10a, 10b and 10c or NYC-3A, Schedule A, lines 9, 11a, 11b, 12a, 12b and 12c) .....2.
3.
Line 1 less line 2 .............................................................................................................................................................3.
4.
90% of line 3....................................................................................................................................................................4.
1 -
2 -
3 -
4 -
FIRST
SECOND
THIRD
FOURTH
Enter quarterly due dates of installments:
5.
2016 Business Corporation Tax or
2016 General Corporation Tax...........................5.
6.
Enter 25% of line 5 if over $1000 or, for S Corporations, if Form NYC-EXT
was filed for 2016, enter amount from Form NYC-EXT, line 2 ......................6.
7.
Line 4 less line 6 ................................................7.
8.
Enter amount of the installments due in Quarters 2, 3 and 4
8.
(see inst.) ........................................
9.
Amount paid or credited for each period ..............................................9.
Overpayment of previous installment (see instructions)
10.
10.
.............................................................
11.
Total of lines 9 and 10 .......................................................................11.
Quarter 1-line 11 less line 6
12.
12.
OVERPAYMENT
Quarters 2, 3 and 4-line 11 less line 8
Quarter 1-line 6 less line 11
13.
13.
UNDERPAYMENT
Quarters 2, 3 and 4-line 8 less line 11
’ COMPUTATION CONTINUES ON PAGE 2
Exceptions that Avoid the Underpayment Penalty
Total cumulative amount paid or credited from the beginning of the
1 -FIRST QUARTER
2 -SECOND QUARTER
3 -THIRD QUARTER
4 -FOURTH QUARTER
taxable year through the installment dates that correspond to the 15th
day of the 3rd, 6th, 9th and 12th months of the taxable year
75% of 2016 tax
50% of 2016 tax
100% of 2016 tax
1
$
-
Prior year's tax (2016)
EXCEPTION
s
( see instructions)
2
-
Tax on prior year's facts and law using 2017 rates
Enter 50% of tax
Enter 75% of tax
Enter 100% of tax
EXCEPTION
s
( attach computation) (see instructions)
3
-
Tax on annualized 2017 income
Enter 45% of tax
Enter 90% of tax
EXCEPTION
Enter 67.50% of tax
s
( attach computation) (see instructions)
4-
Tax on recurring seasonal 2017 income
EXCEPTION
s
(attach computation) (see instructions)
3 911791
NYC-222 2017

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