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Screen DETPWC - Delaware Tax Projection (1120)

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Overview

Use this screen to enter information you expect to be different in the next year. The application uses this data to calculate the Delaware Tax Projection Worksheet. This worksheet is based on current law and next year tax law differences (when known). Enter only the items you expect to be different for the coming year. If you do not expect a difference, leave the field blank to allow the current-year amount to automatically transfer to the next-year column of the Delaware Tax Projection Worksheet. However, fields that are marked with an asterisk (*) in Screen DETPWC do not transfer automatically to the current-year amount.

Tax

The application automatically calculates the total tax for next year by applying the current year tax rates to the projected taxable income. Use this field to override this calculated amount, if needed.
Enter the amount of current year overpayment that will be credited to next year. If this field is blank, the application defaults to the
Credited to next year’s estimated tax
 amount from the current year return.
Enter the total amount of estimated tax payments that are projected for next year. If this field is blank, the application defaults to the sum of any payments reported on Form(s) 1100-T - Delaware Corporate Tentative Tax Return Voucher, plus any additional amounts paid that are reported under the
Next year estimates already paid
 fields in Screen DEEstC.
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