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Computation of Section 444 Required Payments

This template computes a partnership’s or S corporation’s required payment under IRC Sec. 444.

Entering Information

All of the information needed to produce the computation is entered on the Input worksheet.  The yellow highlighted cells are calculated fields, and no data should be entered in these cells.  Any gray cells are not calculated fields, but data should not be entered in these cells.

Enter the following information:

• The Section 444 election year
• The required year
• The base year net income
• Applicable payments during the base year
• Actual applicable payments made during the base year deferral period
• Required payments (if any) on deposit from a prior Section 444 election year

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