Large corporations (corporations with over $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.
Large corporations can use the prior year liability to determine the first quarter estimated tax payment only.

Question

Quizplus · Accepted Answer

The Answer of Large corporations (corporations with over $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.
Large corporations can use the prior year liability to determine the first quarter estimated tax payment only.

Large Corporations (Corporations with Over $1,000,000 in Taxable Income in Any