Section 45 Estimated Tax

• Library: Tax Law 2009

Like the federal income tax, Missouri income tax law requires corporations to make periodic payments of estimated tax. A declaration of Missouri estimated tax must be filed by every corporation doing business in Missouri if its Missouri estimated tax can “reasonably be expected to be at least two hundred fifty dollars.” Section 143.521.2, RSMo 2000. “Missouri estimated tax” is defined as the estimated amount of the corporation’s Missouri income tax liability less its estimated tax credits. Section...