Can't create CT-300 and NYC-300, when the C Corporation didn't have no tax for the last 2 years, why?
My client, C Corporation, didn't have any tax liability for the years 2016 and 2017. Therefore, there was no number to enter for CT-300 and NYC-300, yet, PTO says Critical Diagnostics, saying that I have to enter the second preceding year's amount, etc. I entered "0" zero, yet, CT-300 and NYC-300 are not calculated and not let me manage the estimated tax payment for MFI.
Is there anybody who has had the similar experience?
As a result, CT-3 has "additional" First Installment Estimated tax amount added to the 2018 tax due amount.
I know that a Corporation that didn't meet the requirement (which is that it has had tax liabilities over $1,000 in the second preceding year) is NOT required to file MFI (CT-300 and NYC-300), but I want to create CT-300 and NYC-300 for the Corporation, in order to avoid one-time big payment on 4/15/2019.
Anybody's resolution suggestion and idea is welcome