Under Instalments - Corporation, when is the balance due instalment required?

• A. Balance due is estimated to be greater than $1,000 in the current year.
• B. Balance due is estimated to be greater than $5,000 in the current year.
• C. Balance due is estimated to be greater than $3,000 in the current year and greater than $3,000 in the prior year.
• D. The balance due is always due regardless of amount.

Answer: (C)