Revenue Ruling 99-40 WorksheetSummary: This is an example of a completed worksheet as it relates to Rev. Rul. 99-40. Sequa Worksheet for Book, Inc. Underpayment of Estimated Tax by Corporations Tax Year Ended 12/31/2009 Interest for tax year ending one year prior to date above. Tax Year Beginning 01/01/2009Tax Year Beginning 01/01/2009Is this a Large corp? (Large=1, No=0)1Tax Per Return987,654.00Total987,654.00Tax from prior year's return1,234,456.00Required annual payment987,654.0025% if large corp. Only applies for 1st installment246,913.50Refund issued prior to due dateOverpayment credit from prior year461,386.00Annualized method applicable? (Yes=1, No=0)0Installment Due Dates04/15/200906/15/200909/15/200912/15/200903/15/2010Required Installments246,913.00246,913.00246,913.00246,913.00Amount Paid or credited each period(246,913.00)(246,913.00)0.00(246,913.00)Excess from previous installment0.000.000.00Total amount paid246,913.50246,913.500.00246,913.50Application of overpayment credit per Sequa0.000.00246,913.500.00214,472.50Overpayment0.000.000.000.00