5324, 2017 City of Detroit Corporate Income Tax Penalty and Interest ...-2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your Taxpayer Name and Federal Employer Identification Number (FEIN) or TR Number at the top of the form.
3. In Part 1, calculate your Estimated Tax Required. Enter the annual tax from the relevant forms on line 1, then compute 85% of that amount for line 2.
4. Fill in the payment due dates in line 3 using MM-DD-YYYY format. Divide the amount from line 2 by four for quarterly estimates and enter this on line 4.
5. Complete lines 5 through 13 one column at a time, ensuring you accurately report prior year overpayments and any estimated payments made.
6. Proceed to Part 2 to figure interest due by following the instructions for each line, particularly noting due dates and calculating days late.
7. Finally, move to Part 3 to compute penalties based on your underpayment and late filing details, ensuring all calculations are accurate before submission.

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