What penalties apply to the underpayment of estimated taxes? The late payment of the remaining tax liability? What penalties apply to the underpayment of estimated taxes? A.

A deductible penalty applies if a corporation does not deposit its required estimated tax installment on or before the due date for that installment. The IRS assesses interest if any remaining tax due is not paid by the due date shown for a properly extended corporate tax return.

B. A deductible penalty applies if a corporation does not deposit its required estimated tax installment on or before the due date for that installment. The IRS assesses interest if any remaining tax due is not paid by the original due date for the corporate tax return.

C. A nondeductible penalty applies if a corporation does not deposit its required estimated tax installment on or before the due date for that installment. The IRS assesses interest if any remaining tax due is not paid by the due date shown for a properly extended corporate tax return.

D. A nondeductible penalty applies if a corporation does not deposit its required estimated tax installment on or before the due date for that installment. The IRS assesses interest if any remaining tax due is not paid by the original due date for the corporate tax return.