Statutes, codes, and regulations
Arkansas Administrative Code
Agency 006 - Department of Finance and AdministrationDivision 05 - Division of RevenuesComprehensive Corporation Income Tax RegulationsRule 26-18-208 - TAX PENALTIES
Estimated Tax Penalty
Estimated Tax Penalty

1.26 Ark. Code R. 18-208(6)(B)(iii)

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Current through Register Vol. 49, No. 9, September, 2024
Estimated Tax Penalty

The estimated tax penalty will not be imposed if estimated tax payments equal or exceed the amount of tax liability shown on the taxpayer's return for the preceding tax year. The taxpayer's preceding tax year must have been for a period of twelve (12) months. "Tax liability shown on the taxpayer's return" means total tax, as reported, less business and incentive credits.

1.26 Ark. Code R. 18-208(6)(B)(iii)