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Form 83-305-23-3-1-000 (Rev. 10/23)
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04 04
Mississippi
05 05
06 Underestimate of Corporate Income Tax Worksheet 06
07 07
08FEIN 999999999 X Annualized Income Method X Amended 08
09 09
10 PART I: CALCULATION OF ESTIMATED PAYMENT 10
11 11
121 Current year income tax due (from Form 83-105, line 8 (corporations) 12
13 or Form 84-105, line 8 (composite S corporations and electing pass-through entities)) 1 9999999999 13
14 14
152 Ninety (90%) of current year income tax due (multiply line 1 by 90%) 2 9999999999 15
16 16
173 Prior year income tax due 3 9999999999 17
18 18
194 Enter the lesser of line 2 or line 3 (except for large corporations, see instructions) 4 9999999999 19
20 20
21 5 Estimate payment per quarter (divide line 4 by four) 5 9999999999 21
22 22
23 PART II: PENALTY CALCULATION 23
24 (a) (b) (c) (d) 24
25 15th of 4th Month 15th of 6th Month 15th of 9th Month 15th of 12th Month 25
26 26
276 Estimate due dates (enter the dates in columns (a) through (d)) 99999999 99999999 99999999 99999999 27
28 28
297 Required estimate each quarter (enter amount from Part I, line 5) 99999999999999999999 9999999999 9999999999 29
30 30
318 Estimated tax paid each quarter 999999999999999999999999999999 999999999931
32 32
339 Overpayment (enter amount, if any, from previous year or 33
34 quarter(s), line 9, in columns (a),(b), (c), or (d)) 999999999999999999999999999999 999999999934
35 35
3610 Total (line 8 plus line 9 minus line 7; enter amount in column (a). 36
If negative (overpayment), enter zero and carry overpayment
37 amount (as a positive amount) to the next quarter(s), line 9, 99999999999999999999 9999999999 999999999937
38 column(s) (b), (c), and (d)) 38
3911 Underestimated penalty due (multiply line 10 by 10%. If 9999999999 999999999999999999999999999999 39
40 negative, enter zero) 40
41 41
42 PART III: INTEREST CALCULATION 42
4312 Cumulative tax liability (enter cumulative amount from line 7) 9999999999 9999999999 99999999999999999999 43
44 44
4513 Cumulative overpayment (enter cumulative amount of estimates 9999999999 999999999999999999999999999999 45
46 paid plus any overpayment from prior year; line 8 plus line 9) 46
4714 Total underpayment/overpayment of estimates (subtract line 12 999999999999999999999999999999 999999999947
48 from line 13. If the result is negative, enter zero) 48
49 49
5015 Enter percentage of interest (compute interest at 5/10 of 1% per 50
month from the payment due date until paid or the next payment 999.9999 999.9999 999.9999 999.9999
51 due date, whichever is earlier) 51
52 52
5316 Underestimated interest due (multiply line 14 by line 15) 9999999999 9999999999 99999999999999999999 53
54 54
55 PART IV: UNDERESTIMATED INTEREST AND PENALTY DUE 55
56 56
5717 Total penalty due (total of line 11, columns (a), (b),(c) and (d)) 17 9999999999 57
58 58
5918 Total interest due (total of line 16, columns (a), (b),(c) and (d)) 18 9999999999 59
60 60
6119 Total underestimated interest and penalty due 19 9999999999 61
62 (line 17 plus line 18, enter on Form 83-105, page 1, line 15 (corporations) or on 62
Form 84-105, page 1, line 15 (composite S corporations and electing pass-through
63 63
06 07 entities), or on Form 83-391, line 10 (insurance)) 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80