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 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 the insurance company estimates as the amount of the tax

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 for any year means tax computed by applying the applicable rate under section 34 to the estimated turnover for that year;

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 then most current estimate of the Actual Tax, as made in good faith by the Board.