Page 792 - Large Business IRS Training Guides

Form 1120 Example (cont’d)

• Total Tax = $23,060,000

• Net tax liability
under section 965 = $4,160,000

outside of section 965 = $18,900,000
• Net tax liability

• 2017 Estimated Taxes Paid = $19,000,000

• First Installment Payment = $332,800

= $232,800
• Second Installment Payment

114