Underpayment of Estimated N J Corporation Business Tax For Taxpayers with Gross Receipts less than $ 2026

1. Click ‘Get Form’ to open the Underpayment of Estimated N.J. Corporation Business Tax form in the editor.
2. Begin by filling out your corporate name, Federal Employer I.D. Number, and N.J. Corporation Number at the top of the form.
3. In Part I, compute your underpayment by entering the total tax from your previous forms in Line 1, followed by calculating 90% of that amount in Line 2.
4. Continue through Lines 3 and 4 to determine prior year’s tax and identify the lesser amount between Lines 2 and 3.
5. Complete Lines 5 through 9 to detail installment dates and payments made, ensuring you accurately reflect any overpayments or underpayments.
6. If applicable, move to Part II to check for exceptions that may exempt you from interest charges on underpayments.
7. Finally, if no exceptions apply, complete Part III to calculate any installment interest due based on your underpayment amounts.

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