Frequently Asked Questions
With the new tax rates effective for the 2022 tax year, how do I estimate my corporation income tax liability in order to make estimated payments?
The instructions for the Declaration of Estimated Tax for Corporations has a worksheet that should be used to calculate your estimated tax liability. Form CIFT-620ESi will be posted on LDR’s website on January 18, 2022. Reminder: do not reduce your estimated taxable income by your estimated federal income tax liability. (New question & answer posted on January 3, 2022.)