Estimated Payment Thresholds and Due Dates State Law Survey

Summary

This survey provides a summary of laws in all 50 states plus the District of Columbia governing estimated tax payment thresholds and due dates for corporations. One of the most challenging tasks facing multistate corporate taxpayers is complying with the varying rules for estimated tax payments imposed by the different states. A taxpayer with operations in several states and with multiple corporate entities can easily find itself in a constant state of tax return preparation and payment. Besides the sheer volume of the returns and the potential large number of payments to be made, the issue is significantly complicated because the states have differing rules for when the required to make estimated payments is triggered, the due dates for such payments when required, how the underlying liability is calculated, when electronic payment is required, and the potential penalties for noncompliance and interest charges on missed payments or insufficient payments. Note that, under most ...