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-400 30311591* NEW YORK CITY DEPARTMENT OF FINANCE ESTIMATED TAX BY GENERAL CORPORATIONS For CALENDAR YEAR 2015 or FISCAL YEAR beginning, and ending, Print or Type: Name (If combined filer, give name
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Estimated tax by general is an approximation of the amount of tax that an individual or business is expected to owe for the current tax year.
Individuals and businesses with income not subject to withholding, such as self-employment income, are generally required to file estimated tax.
To fill out estimated tax, individuals and businesses must use Form 1040-ES and make quarterly payments to the IRS.
The purpose of estimated tax is to ensure that individuals and businesses pay their taxes throughout the year, rather than waiting until the end of the year to pay a lump sum.
Individuals and businesses must report their estimated income, deductions, credits, and tax liability on Form 1040-ES.
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