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D20/247432 Office Use Only r1 I YESVicSmart? Specify class of Smart application:Cola OtwayApplication No.:Date Lodged:Preplanning Inquiries Phone: (03) 5232 9400 Email: inq@colacotway.vic.gov.au Web:

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Start by reading the question or statement that is asking for a yes or no answer.

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What is 1 i yes?

1 i yes stands for 1st installment of estimated tax.

Who is required to file 1 i yes?

Individuals, corporations, and other entities who expect to owe at least $1,000 in taxes after subtracting withholding and credits are required to file 1st installment of estimated tax.

How to fill out 1 i yes?

1 i yes can be filled out online through the IRS website or by mailing in Form 1040-ES along with payment.

What is the purpose of 1 i yes?

The purpose of 1 i yes is to help taxpayers avoid underpayment penalties by paying a portion of their estimated tax liability throughout the year.

What information must be reported on 1 i yes?

Taxpayers must report their estimated income, deductions, credits, and tax liability for the year on 1 i yes.

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