Hello,

I really need help with this assignment, please.

Wicker Corporation made estimated tax payments of $6,000 in 2015. On March 12 of 2016, it filed its 2016 tax return showing a $20,000 tax liability and it paid the $14,000 balance at that time. On April 20, 2016 it discovered an error and filed an amended return for 2015 showing a reduced tax liability of $8,000. Prepare a memorandum explaining whether Wicker can base its estimated tax payments for 2016 on the amended tax liability of $8,000 or whether it must use the $20,000 tax liability reported on its original return.

Thank You.