Large corporations (corporations with more than $1,000,000 in taxable income in any of the three years prior to the current year)can use their prior tax year liability to determine all required estimated quarterly payments for the current year.

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Large corporations can only use their prior year tax liability to determine their first quarterly estimated payment. Subsequent payments must be based on the current year's expected tax liability.

Large Corporations (Corporations with More Than $1,000,000 in Taxable Income