Rule for returns filed on or before January 31st.
(c) Rule for returns filed on or before January 31st. [Tax Law, § 685(c)(5)(B)] If, on or before January 31st of the following taxable year:
(1)a taxpayer files a return for the taxable year and pays in full the amount computed on the return as payable; then#
(1) a taxpayer files a return for the taxable year and pays in full the amount computed on the return as payable; then
(2)no addition to tax will be imposed under section 685(c) of the Tax Law (see subdivision [a] of this section) with respect to any underpayment of the fourth required installment for the taxable year.#
(2) no addition to tax will be imposed under section 685(c) of the Tax Law (see subdivision [a] of this section) with respect to any underpayment of the fourth required installment for the taxable year.