Form Nyc-222b - Underpayment Of Estimated Tax By Subchapter S Banking Corporations - 2017
ADVERTISEMENT
1
2
3
4-222B
2 0 1 7
UNDERPAYMENT OF ESTIMATED TAX BY
SUBCHAPTER S BANKING CORPORATIONS
TM
Department of Finance
ATTACH TO FORM NYC-1 OR NYC-1A
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-1, Schedule A, line 5 or NYC-1A, line 7) ........................................................................................1.
1.
2.
Credits (from NYC-1, Schedule A, lines 6, 8a and 8b or NYC-1A, Schedule A, lines 8, 10a and 10b) ...........................2.
Line 1 less line 2 .............................................................................................................................................................3.
3.
4.
90% of line 3 ....................................................................................................................................................................4.
1 -
FIRST
2 -
SECOND
3 -
THIRD
4 -
FOURTH
Enter quarterly due dates of installments:
5.
2016 Tax ............................................................5.
Enter 25% of line 5 if over $1,000 or, if Form NYC-EXT was filed
6.
for 2016, enter amount paid on 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.
.............................................................
Total of lines 9 and 10 .......................................................................11.
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 ....................
50% of 2016 tax
75% 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 67.50% of tax
Enter 90% of tax
EXCEPTION
s
(
attach computation) (see instructions) .................................................................................................
4 -
Tax on recurring seasonal 2017 income
EXCEPTION
s
(
attach computation) (see instructions) .................................................................................................
10311791
NYC - 222B - 2017
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial