Estimated tax definition

Estimated tax means the amount that the taxpayer estimates to be the taxpayer’s income tax under this part for the taxable year less the amount which the taxpayer estimates to be the sum of any credits allowable for tax withheld.

Estimated tax means an amount calculated for a partner in an

Estimated tax means the amount of tax which a taxpayer estimates as being imposed by Article 2

Examples of Estimated tax in a sentence

• If the transferor/seller is not required to recognize any gain or loss with respect to the transfer under provisions of the Internal Revenue Code (IRC) (except for section 121), do not complete Part 2, Estimated tax information, or Worksheet for Part 2.

• See Schedule 3, line 12e, and its instructions for details.38 Estimated tax penalty (see instructions) .

• Estimated tax installments are required as follows: If the estimated tax is reasonably expected to exceed $5,000 before the 2nd day of the 6th month, 50% of the estimated tax must be paid by 15th day of the 6th month, 25% by the 15th day of the 9th month, and 25% by the 15th day the 12th month.

• Estimated tax payments You may be required to make quarterly estimated tax payments.

• Enter the total on line 24d.Line 25 – Interest and Penalty for Failure to Make Estimated Tax Payments; Underpayment of Estimated tax; or Late Payment of Tax Nonpayment or underpayment of estimated income tax and late payment of tax is subject to interest and penalty.

More Definitions of Estimated tax

Estimated tax means the amount which the insurance company estimates as the amount of the tax

Estimated tax means an amount calculated for a partner in an eligible position equal to 6.37 percent of the lesser of: a. the amount of the partner's net income from the eligible partnership that is sourced to New Jersey as reflected in Column B of the partner's Schedule NJK-1 of the application year less the amount of the partner's net income from the eligible partnership that is sourced to New Jersey as reflected in column B of the partner's Schedule NJK-1 in the foundation year; or b. the net of all items of partnership income upon which tax has been paid as reflected on the partner's New Jersey Gross Income Tax return in the application year.

Estimated tax means the amount which an individual estimates

Estimated tax means the amount that the taxpayer estimates to be the taxpayer’s income tax under this part for the

Estimated tax means, with respect to any Disposition, the estimated Tax payable by the Company or any of its Subsidiaries in connection with the Disposition, as determined by the Accounting Firm as of the consummation of the Disposition; provided, that for purposes of this determination any Disposition Payment payable in connection with such Disposition and the payment or accrual of Company Transaction Costs in connection with such Disposition shall be treated as a reduction of gain recognized on the Disposition; provided, further that if the Company or any of its Subsidiaries is estimated to recognize a loss in connection with the Disposition (taking into account the preceding proviso), the amount of the Estimated Tax with respect to the Disposition shall be the estimated Tax benefit of such loss to the Company or its Subsidiaries (which, for the avoidance of doubt, shall be a negative number in computing Proceeds).

Estimated tax means the estimated tax m installment computed by any person liable to pay tax m installment pursuant to Section 95 at the time when the installment tax is to be paid in any year.

Estimated tax means the total amount whichof tax that a person estimates as the total amount of income tax which will be due for a taxable year under this Part, exclusive of a withholder's liability for taxes withheld for a taxable year, less any allowable credits for that taxable year.