Sec. 22-2.1. Requirement of declaration

Tax Law, § 1460

Every taxpayer subject to the tax imposed by article 32 of the Tax Law must make a declaration of its estimated tax for the current taxable year if such estimated tax can reasonably be expected to exceed $1,000 for the taxable year. The declaration must cover a calendar year accounting period if the taxpayer files its return on the basis of a calendar year, or a full fiscal year if the taxpayer files its return on the basis of a fiscal year, unless a declaration for a short period is required by section 22-2.6 of this Subpart. No declaration may be made for a period of more than 12 months. For purposes of this section, a taxable year of 52-53 weeks, in accordance with the provisions of section 17-1.4 of this Title, will be deemed a period of 12 months.