Re: paylslyone, milestone
posted on
Jan 08, 2008 07:44AM
Corporations can also base their current year estimated tax payments on the tax liability for the prior year if positive tax/income was reported. This is commonly done if the prior year numbers are expected to be lower than current year tax and income. So current year estimated taxes per the 10Q may not be helpful or indicative of current year ultimate tax liability or income.