Which of the following statements is false regarding corporate estimated tax payments?

Multiple Choice

• The due dates for estimated tax payments are the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year.

• Corporations must pay estimated taxes only if they have a federal income tax liability greater than $10,000 (including the alternative minimum tax).

• Even though a corporation extends its tax return, it still must pay its tax liability for the year by three and one-half months after year-end.

• Corporations using the annualized income method for determining estimated tax payments project their tax liability for the year based on income from the first, second, and third quarters.