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CITY OF GRAND RAPIDS INCOME TAX DEPARTMENT INSTRUCTIONS FOR MAKING QUARTERLY CORPORATION ESTIMATED INCOME TAX PAYMENTS Enclosed is a set of forms for making quarterly estimated income tax payments.
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What is gr 1120es form?
The gr 1120es form is a federal estimated tax payment voucher used by corporations to make estimated tax payments throughout the year.
Who is required to file gr 1120es form?
Corporations that expect to owe at least $500 in federal income tax for the year are required to file the gr 1120es form and make estimated tax payments.
How to fill out gr 1120es form?
To fill out the gr 1120es form, you will need to provide the corporation's name, address, EIN (Employer Identification Number), estimated tax amount, and payment details.
What is the purpose of gr 1120es form?
The purpose of the gr 1120es form is to ensure that corporations make timely estimated tax payments to the IRS throughout the year, based on their expected income and tax liability.
What information must be reported on gr 1120es form?
The gr 1120es form requires corporations to report their name, address, EIN, estimated tax amount, and payment details such as the payment period and payment amount.
What is the penalty for late filing of gr 1120es form?
The penalty for late filing of the gr 1120es form is generally calculated based on the amount of estimated tax underpayment, and it may result in interest charges as well.
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