Corporate Estimated Payments: Interest On Underpayment (Rule 825)

Section 63-3046A, Idaho Code 01. In General. If a taxpayer is required to pay estimated taxes as provided in Section 63-3036A, Idaho Code, and fails to pay the amount of estimated taxes due, interest is due on the underpaid estimated taxes. (4-6-23) 02. Net Operating Loss and Capital Loss Carrybacks. If the tax due for the taxable year is reduced after the application of a net operating loss carryback or a capital loss carryback, the interest on underpayment of estimated tax will not be recomputed. (4-6-23) 826. -- 829. (RESERVED)