Screen 8752 - Required Payment or Refund under Section 7519 (1120)

Required Payment or Refund

The base year is defined as the tax year preceding the applicable election year. The applicable election year is any tax year for which a section 444 election is in effect, including the first tax year for which the election is made.
The application uses the
Number of months if short base year, Net income for base year
, and
Payments made during base year
fields to increase the base year net income as projected for a full 12 months.
Enter the excess of the required payments made over the amount of refunds received for all prior years. The application proformas the amount entered in this field plus any required payment due for the current year, less any refund for the current year.
This date is used to determine the due date in the filing instructions for Form 8752.
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