Home
Forms Library
Form BFC-160-R - 2002 Computation of Underpayment of Estimated Tax For Banking and Finacial Corporat

Form BFC-160-R - 2002 Computation of Underpayment of Estimated Tax For Banking and Finacial Corporat-2025

Form BFC-160-R - 2002 Computation of Underpayment of Estimated Tax For Banking and Finacial Corporat Preview on Page 1

Show details

4.5 out of 5

35 votes

The document BFC-160-R provides instructions for banking and financial corporations in New Jersey to compute underpayment of estimated Corporation Business Tax for the taxable year 2002. It outlines the steps to determine if sufficient estimated tax payments were made, details exceptions that may exempt a corporation from underpayment charges, and explains how to calculate any interest due on underpayments.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to edit Form BFC-160-R - 2002 Computation of Underpayment of Estimated Tax For Banking and Finacial Corporat online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your paperwork takes only some simple clicks. Follow these quick steps to edit the PDF Form BFC-160-R - 2002 Computation of Underpayment of Estimated Tax For Banking and Finacial Corporat online for free:

Sign up and log in to your account. Sign in to the editor using your credentials or click on Create free account to evaluate the tool’s features.
Add the Form BFC-160-R - 2002 Computation of Underpayment of Estimated Tax For Banking and Finacial Corporat for redacting. Click on the New Document button above, then drag and drop the file to the upload area, import it from the cloud, or using a link.
Change your document. Make any changes required: add text and images to your Form BFC-160-R - 2002 Computation of Underpayment of Estimated Tax For Banking and Finacial Corporat, highlight important details, erase sections of content and substitute them with new ones, and add icons, checkmarks, and fields for filling out.
Complete redacting the form. Save the modified document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super intuitive and effective. Give it a try now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is considered a substantial underpayment of tax?

Substantial understatement of income tax penalty For individuals, a substantial understatement of tax exists and the penalty applies if you understate your tax liability by 10% of the tax required to be shown on your tax return or $5,000, whichever is greater.

What does underpayment of estimated tax mean?

An underpayment penalty is a charge the IRS imposes on taxpayers who did not pay all of their estimated income taxes for the year or paid their taxes late. Youll face an underpayment penalty if you: Didnt pay at least 90% of the tax on your current-year return or 100% of the tax shown on the prior years return.

How do I get out of tax underpayment penalty?

Generally, most taxpayers will avoid this penalty if they either owe less than $1,000 in tax after subtracting their withholding and refundable credits, or if they paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is

How can I avoid FTB underpayment penalty?

If you file Form 540, Form 540NR, or Form 541 and pay the entire tax due by March 1, 2023, you do not owe a penalty for underpaying estimated tax.

What is the form 5805 underpayment of estimated tax?

Use form FTB 5805, Underpayment of Estimated Tax by Individuals and Fiduciaries, to see if you owe a penalty for underpaying your estimated tax and, if you do, to figure the amount of the penalty.