Volos Company (a calendar-year corporation)began operations in March of 2016 and was not profitable through December of 2017.Volos has been profitable for the first quarter of 2018 and is trying to determine its first quarter estimated tax payment (it expects a tax liability for the year of over $30,000).It will have no estimated tax payment requirement in 2018 because it had no tax liability for the 2017 tax year and has been in business for at least 12 months.

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The Answer of Volos Company (a calendar-year corporation)began operations in March of 2016 and was not profitable through December of 2017.Volos has been profitable for the first quarter of 2018 and is trying to determine its first quarter estimated tax payment (it expects a tax liability for the year of over $30,000).It will have no estimated tax payment requirement in 2018 because it had no tax liability for the 2017 tax year and has been in business for at least 12 months.

Volos Company (A Calendar-Year Corporation)began Operations in March of 2016