Information about http://www.ftb.ca.gov/forms/2008/08_100esins.pdf
Instructions for 2008 Form 100-ES Corporation Estimated Tax What's New…
Tags: acronym, consistency, doing business, dollar number, ftb, installments, mail box, minimum franchise tax, private mail, street pmb, tax filers, tax forms,Pages: 4
Language: english
Created: Mon Dec 3 15:42:03 2007
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Instructions for 2008 Form 100-ES
Corporation Estimated Tax
What's New Private Mail Box (PMB) Number
Include the Private Mail Box (PMB) in the address
a weekend or holiday, the deadline to file and pay
without penalty is extended to the next business
Round Cents to Dollars Beginning with the 2007 field. Write the acronym "PMB" first, then the box day.
tax forms, round cents to the nearest whole dollar. number. Example: 111 Main Street PMB 123.
For example, round $50.50 up to $51 or round Franchise Tax Filers. If the amount of the estimated
$25.49 down to $25. If you do not round, FTB will A Who Must Pay Estimated Tax tax exceeds the minimum franchise tax and the QSub
annual tax (if applicable), then the estimated tax is
disregard the cents. This change helps process One or more payments of estimated tax are required
your returns quickly and accurately by providing payable in four installments. The installments are
annually from each: due and payable by the 15th day of the 4th, 6th, 9th,
consistency with the electronically filed returns. · Corporation incorporated or qualified under the and 12th months of the taxable year. The amount
laws of California or doing business in California, of each installment is equal to at least 25% of the
General Information whether active, inactive, or having income from total estimated tax amount (except for minimum
Use California Revenue and Taxation Code (R&TC) sources within California, unless otherwise tax filers). If the amount of estimated tax does not
Section 19011, Sections 19021 through 19027, and provided by the Corporation Tax Law. exceed the minimum franchise tax plus the QSub
Sections 19142 through 19161 to determine the · Bank and national banking association doing annual tax, then the entire amount of the minimum
estimated tax requirement for California. business in California. tax and the QSub annual tax is due as an estimate
Use this form for the calendar year ending · Exempt organization or trust with unrelated on or before the 15th day of the 4th month of the
December 31, 2008 or fiscal years ending in 2009. business income. corporation's taxable year. If an S corporation
· Exempt homeowners' association with acquires a QSub during the taxable year, but after the
Fill in only one circle on Form 100-ES to indicate if non-exempt function income. due date of the first estimate installment, the QSub
the estimate payment is for Form 100, Form 100W,
An S corporation that is a parent of a QSub is annual tax is due with the next required installment
Form 100S, or Form 109.
required to pay the $800 annual tax for each QSub after the acquisition of the QSub. When the due date
If the entity does not owe any tax, do not send a that is: falls on a weekend or holiday, the deadline to file
voucher with a zero balance. · Incorporated in California. and pay without penalty is extended to the next
Definitions · Qualified to do business in California. business day.
Unless stated otherwise, the term "corporations," · Doing business in California. Income Tax Filers. The amount of the estimated tax
as used in Form 100-ES and in these instructions, The QSub annual tax is due and payable when the is payable in four installments. The installments are
includes banks, financial corporations, certain S corporation's first estimated tax payment is due. due and payable on the 15th day of the 4th, 6th, 9th,
associations, regulated investment companies, If the QSub is acquired during the taxable year, the and 12th months of the taxable year. When the due
real estate investment trusts, exempt organizations QSub annual tax is due with the S corporation's date falls on a weekend or holiday, the deadline to
with unrelated business taxable income, exempt next estimated tax payment after the date of the file and pay without penalty is extended to the next
homeowners' associations with non-exempt function QSub election. The QSub annual tax is subject to the business day.
income, limited liability companies that have elected estimated tax rules and penalties.
to be taxed as corporations for federal tax purposes, Short-period filers: A corporation with an
and S corporations. Enter in the space for QSub Tax Amount the total accounting period of less than 12 months (short
amount of QSub annual tax paid. Enter the estimated period) must pay estimated tax in the number of
R&TC Section 19023 defines tax, for purposes of installment payment amount in the space for installments shown in the table on page 4.
California estimate payments, to include alternative Estimated Tax Amount. Combine the two amounts Tax Rates
minimum tax, S corporation taxes from Schedule D and enter the total payment of both QSub annual To compute estimated tax installments, multiply
and from the excess net passive income tax, the tax and regular estimated tax in the space for Total the estimated net income for tax purposes by the
Qualified Subchapter S Subsidiary (QSub) annual Installment Amount. applicable rate:
tax, credit recapture, and the minimum franchise
Real estate mortgage investment conduits (REMICs) · Corporations, use 8.84%.
tax. This definition of tax does not conform to the
are not required to pay estimated tax. However, use · S corporations, use 1.5%.
federal definition of tax. Also, taxable income for
this form to remit the minimum franchise tax due by · Banks and financial corporations, use 10.84%.
S corporations includes the R&TC Section 23802(e)
the 15th day of the 4th month of the taxable year. · Financial S corporations, use 3.5%.
deduction for passive investment income and built-in
· Exempt trusts, use personal income tax rate
gains. Financial asset securitization investment trusts Schedule X (single) inside Form 540 and 540A,
LIFO Recapture Tax (FASITs) are subject to the $800 minimum tax. Get California Personal Inome Tax Booklet.
For taxable years beginning on or after Form 100, California Corporation Tax Booklet, for
more information. Overpayments From Prior Year Returns
January 1, 2006, California conformed to federal The overpayment from a prior year return is credited
tax law in excluding the annual payments of the last
in-first out (LIFO) recapture tax from the computation
B Where to Mail Estimated Tax as of the first estimate installment due date or the
date of payment, whichever is later.
of estimated tax. Therefore LIFO recapture amounts Make the check or money order payable to the
are not included in the computation of an estimated "Franchise Tax Board." Write the California For more information, refer to federal Rev. Rul. 99-40,
tax underpayment penalty. corporation number, applicable taxable year, and IRC Section 6513 (b) (1) and (2), and IRS Internal
Form 100-ES on the check or money order. Revenue Manual 20.2.4.3 (03-01-2002).
Electronic Funds Transfer (EFT)
Corporations that meet certain requirements must Enclose, but do not staple, the payment with voucher Corporations may pay any estimated tax installment
remit all of their payments through EFT rather and mail to: before the due date.
than by paper checks to avoid the EFT penalty.
Corporations that remit an estimated tax payment or
FRANCHISE TAX BOARD
PO BOX 942857
D Underpayment or Late
extension payment in excess of $20,000 or that have SACRAMENTO CA 94257-0531 Payment
a total tax liability in excess of $80,000 must remit Generally, an underpayment of estimated tax is the
Make all checks or money orders payable in U.S.
all of their payments through EFT. The Franchise Tax difference between (1) the amount that would be due
dollars and drawn against a U.S. financial institution.
Board (FTB) notifies corporations that are subject for each installment of estimated tax if the estimated
to this requirement. Those that do not meet these C Installment Due Dates and tax was equal to 100% of the tax shown on the
requirements and wish to participate on a voluntary
basis may do so. For more information, go to our Amounts return, prorated to each installment, and (2) the
amount actually paid or credited on or before the due
Website at www.ftb.ca.gov and search for EFT, call Newly Formed or Qualified Corporations. The date of that installment.
(916) 845-4025, or get FTB Pub. 3817, Electronic estimated tax is payable in four installments. The
Funds Transfer Program Information Guide. installments are due and payable on the 15th day of Underpayment or late payment of estimated tax
the 4th, 6th, 9th, and 12th month of the taxable year. installments will result in an estimate penalty
If the corporation is required to remit all of their calculated from the due date of each installment until
payments through EFT and pays by another method, The amount of each installment is 25% of the total
estimated tax due (estimated income multiplied by paid, or until the original due date of the tax return,
a 10% non-compliance penalty will be assessed. whichever is earlier. See General Information F,
the appropriate tax rate). When the due date falls on
Exceptions to the Estimate Penalty, and use form
Form 100-ES Instructions 2007 Page
FTB 5806, Underpayment of Estimated Tax by If the corporation uses the annualized current year file federal Form 8842, Election To Use Different
Corporations, to determine if an exception to a income method or the annualized seasonal income Annualization Periods for Corporate Estimated Tax,
penalty exists and to figure the penalty. method, see Worksheets II, III, and IV. OR if a timely election was made for federal purposes
California does not conform to federal law regarding Line Taxable income by filing the federal Form 8842, and the corporation
the application of the underpayment penalty. For Enter the amount of taxable income expected for the is using the same option for state purposes, attach
federal purposes, the application of the penalty is current taxable year. a copy of the federal form to the corporation's
based on the lesser of prior year or current year tax; tax return when filed. Once made, an election is
Line 7 Other taxes irrevocable for the taxable year. The corporation
while for California purposes, the application of the R&TC Section 19023 defines tax, for purposes of
penalty is based on current year tax only. should file federal Form 8842 with its first installment
California estimate payments, to include alternative voucher. If the corporation must pay its tax liability
E Minimum Franchise Tax minimum tax, S corporation taxes from Schedule D
and from the excess net passive income tax, the
using EFT, file federal Form 8842 on or before the due
date of the first installment payment by mailing to:
To avoid the imposition of an estimate penalty, a QSub annual tax, credit recapture, and the minimum
corporation subject to franchise tax must pay at least FRANCHISE TAX BOARD
franchise tax. Enter applicable amounts for each
the minimum franchise tax shown below, whether PO BOX 942857
payment period.
the corporation is active, inactive, operates at a loss, SACRAMENTO CA 94257-0531
Line A large corporation is any corporation,
or files a tax return for a short period. Line 3 Annualization amounts
including a predecessor corporation, that had
· Corporations subject to franchise tax . . . . . . .$800 Enter the annualization amounts from the table below
California net income (computed without regard to
· Qualified inactive gold or for the elected option. For example, if the corporation
the net operating loss deduction) of $1 million or
quicksilver mining corporations . . . . . . . . . . . .$25 elects Option 1, enter on line 3 the annualization
more for any taxable year during the three taxable
A combined group filing a single tax return must amounts 6, 3, 1.71429, and 1.2, in column (1)
years immediately preceding the current taxable year.
pay at least the minimum franchise tax for each through column (4), respectively.
Large corporations may use this exception for only
corporation in the group that is subject to franchise Annualization Amounts
the first estimated tax installment and must add any
tax. Option 1st 2nd 3rd 4th
reduction in the first estimated tax installment to the
Newly Formed or Qualified Corporations second installment. Standard Option 4 4 2 1.33333
For the first taxable year, calculate the estimate
installments based on annualized current year If the annualized current year income method or Option 6 3 1.71429 1.2
income to avoid an estimate penalty. annualized seasonal income method is not used for Option 4 2.4 1.5 1.09091
the third or fourth installment, follow the instructions
There is no minimum franchise tax for: Line 8 Other taxes
below to figure the amounts to enter on line 11 of
· Corporations that are subject only to income tax R&TC Section 19023 defines tax, for purposes of
Worksheet I.
if they are not "doing business" in California, and California estimate payments, to include alternative
· If line 8 is smaller than line 9, multiply line 8 (total
are not incorporated or qualified under the laws minimum tax, S corporation taxes from Schedule D
tax) by the applicable percentage (25%, 50%,
of California, but derive income from sources and from the excess net passive income tax, the
75%, or 100%) shown for each quarter at the top
within California. Get FTB Pub. 1050, Application QSub annual tax, credit recapture, and the minimum
of column (1) through column (4). Enter the result
and Interpretation of Public Law 86-272; FTB franchise tax. Enter applicable amounts for each
for each quarter on line 11.
Pub. 1060, Guide for Corporations Starting payment period.
· If line 9 is smaller than line 8, determine the
Business in California; or FTB Pub. 1063, Guide amount to enter as follows: Line Enter the total payments of estimated
for Corporations That May Be Subject to the (a) Enter 25% of line 9 in column (1) of line 11. tax for the taxable year up to the due date of the
Provisions of the California Corporation Tax Law, (b) Enter 50% of line 8 in column (2) of line 11. installment. Include any overpayments from 2007 tax
for more information regarding "doing business." (c) Enter 75% of line 8 in column (3) of line 11. that were credited to 2008 estimated tax.
· Credit unions. (d) Enter 100% of line 8 in column (4) of line 11. Worksheet III -- Exception C Annualized
· Exempt organizations. Line Enter the total payments of estimated seasonal income
· Corporations that are not incorporated under the This exception applies if the estimated tax paid on
tax for this taxable year up to the due date of the
laws of California and whose sole activities in or before the installment due date equals or exceeds
installment. Include any overpayments from 2007 tax
California are engaging in convention and trade 100% of the amount the corporation would owe
that were credited to 2008 estimated tax.
show activities for seven or fewer days during if its estimated tax was computed on annualized
a taxable year and that do not derive more than Worksheet II -- Exception B Annualized current
year income seasonal net income for tax purposes for the months
$10,000 of gross income reportable to California preceding the installment due date. Use Exception C
This exception applies if the estimated tax paid on
during a taxable year. Get FTB Pub. 1060 for more only if the corporation's base period percentage
or before the installment due date equals or exceeds
information. for any six consecutive months of the taxable
100% of the amount the corporation would owe
year equals or exceeds 70%. Refer to the federal
F Exceptions to the Estimate if its estimated tax was computed on annualized
instructions for Form 1120-W, Part II, Adjusted
current net income for tax purposes for the months
Penalty preceding the installment due date. Seasonal Installment Method, for an explanation on
If the estimated tax paid is equal to or greater how to compute the base period percentage.
Line Annualization periods
than the amount defined in General Information D, Enter the number of months that the corporation Line 3 Other taxes
Underpayment or Late Payment, the FTB will not is using in the annualization period based on the R&TC Section 19023 defines tax, for purposes of
assess an estimate penalty. If an underpayment exists, options listed in the table below. For example, if the California estimate payments, to include alternative
the FTB will not assess the estimate penalty if the corporation elects Option 1, enter the annualization minimum tax, S corporation taxes from Schedule D
corporation meets any one of the following exceptions. periods 2, 4, 7, and 10 in column (1) through and from the excess net passive income tax, the
The following exceptions do not apply if the column (4). QSub annual tax, credit recapture, and the minimum
estimated tax installments due are not paid on or franchise tax. Enter applicable amounts for each
Annualization Periods
before the installment due date. payment period.
Installment 1st 2nd 3rd 4th
Line 34 Enter the total payments of estimated
Worksheet I -- Exception A Prior year's tax Standard Option 3 3 6 9 tax for the taxable year up to the due date of the
This exception applies if the amount paid or credited Option 2 4 7 10 installment. Include any overpayments from 2007 tax
on or before the installment due date equals or
Option 3 5 8 11 that were credited to 2008 estimated tax.
exceeds the tax shown on the preceding year's return
for a 12-month period, prorated to each installment. Corporations may use the Standard Option or must G Revised Estimates
Newly formed or qualified corporations make an election to use Option 1 or Option 2 and
exempt organizations may use Option 1 (the standard Corporations may revise the estimated tax any time
Since the minimum franchise tax is no longer during the taxable year. If the corporation revises
prepaid to the SOS, the prior year's tax exception option for exempt organizations) or must make
an election to use Option 2. The election must be the estimated tax, compute the amount of each
does not apply for the first taxable year. For the remaining installment (if any) by doing the following:
second taxable year, the prior year tax exception made on or before the due date of the first required
installment payment. The corporation must make · Subtracting from the revised estimated tax, the
does not apply if no tax liability existed in the first total estimated tax previously paid.
taxable year, or the business operated for less than a timely election to use an expanded option even if
it uses another method, such as Exception A, for · Dividing the result by the number of installments
twelve full months. remaining as of the date the revision is made.
its first installment. To make a California election,
Page Form 100-ES Instructions 2007
Computation of Estimated Tax
Worksheet I Exception A -- Prior Year's Tax
Taxable income expected during this taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
R&TC Section 23802(e) deduction, S corporations only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________________
3 Net income. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 __________________
4 Tax. Multiply line 3 by the current tax rate. See General Information C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 __________________
5 Tax credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 __________________
6 Subtract line 5 from line 4. (Not less than minimum tax, if applicable.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 __________________
7 Other taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 __________________
8 Total tax. Add line 6 and line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 __________________
9 Enter the tax shown on the corporation's 2007 tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 __________________
0 Enter the smaller of line 8 or line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 __________________
(1) 25% (2) 50% (3) 75% (4) 100%
Multiply line 10 by the percentage shown in column 1 through (not less than min.)
column 4. Large corporations, see instructions . . . . . . . . . . . . . . . . . .
Total payment amount. See instructions. . . . . . . . . . . . . . . . . . . . . . . .
3 Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . . . . . .
Large corporations: To meet the exception by paying prior year's tax for the first estimate installment and paying the reduction in the first estimate installment
with the second estimate installment, the corporation must have paid the amounts in line 11, column (1) and column (2).
Worksheet II Exception B -- Annualized Current Year Income () () (3) (4)
Annualization periods. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter taxable income for each annualization period . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Annualization amounts. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 a Annualized taxable income. Multiply line 2 by line 3. . . . . . . . . . . . . . . . . . . . . . . .
b R&TC Section 23802(e) deduction, S corporations only . . . . . . . . . . . . . . . . . . . .
c Net income. Subtract line 4b from line 4a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Tax. Multiply line 4c by the current tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Tax credits for each payment period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Subtract line 6 from line 5. (Not less than minimum tax, if applicable) . . . . . . . . . . .
8 Other taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Total tax. Add line 7 and line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0 Applicable percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25% 50% 75% 100%
Multiply line 9 by line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total payments. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Annualized current year income installments. Subtract line 12 from line 11.
If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Worksheet III Exception C -- Annualized Seasonal Income () () (3) (4)
(Use this method only if the base period percentage for any six consecutive months First 3 First 5 First 8 First 11
is at least 70%. See instructions.) months months months months
4 Enter the taxable income for the following periods:
a Tax year beginning in 2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Tax year beginning in 2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Tax year beginning in 2007. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Enter taxable income for each period for the tax year beginning in 2008 . . . . . . . . . .
First 4 First 6 First 9 Entire year
6 Enter the taxable income for the following periods: months months months
a Tax year beginning in 2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Tax year beginning in 2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Tax year beginning in 2007. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Divide the amount in each column on line 14a by the amount in column (4)
on line 16a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Divide the amount in each column on line 14b by the amount in column (4)
on line 16b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Form 100-ES Instructions 2007 Page 3
Worksheet III Exception C -- Annualized Seasonal Income (continued) () () (3) (4)
9 Divide the amount in each column on line 14c by the amount
in column (4) on line 16c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0 Add line 17 through line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Divide line 20 by 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a Divide line 15 by line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b R&TC Section 23802(e) deduction, S corporations only . . . . . . . . . . . . . . . . . . . .
c Net income. Subtract line 22b from line 22a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Tax. Multiply line 22c by the current tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Divide the amount in column (1) through column (3) on line 16a by the
amount in column (4) on line 16a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Divide the amount in column (1) through column (3) on line 16b by the
amount in column (4) on line 16b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Divide the amount in column (1) through column (3) on line 16c by the
amount in column (4) on line 16c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Add line 24 through line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Divide line 27 by 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Multiply the amount in column (1) through column (3) of line 23 by the
amount in the corresponding column of line 28. In column (4), enter the
amount from line 23, column (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30 Tax credit for each payment period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Subtract line 30 from line 29. (Not less than minimum tax, if applicable) . . . . . . . . .
3 Other taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33 Total tax. Add line 31 and line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34 Total payments. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
35 Adjusted seasonal installments. Subtract line 34 from line 33. If zero or less,
enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Worksheet IV -- Required Installments () () (3) (4)
36 If only Worksheet II, Exception B or Worksheet III, Exception C are completed
enter the amount in each column from line 13 or line 35. If both Worksheet II
and Worksheet III are completed, enter the smaller of the amounts in each
column from line 13 or line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37 Enter the amount from Worksheet I, line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38 Required installments. Enter the smaller of line 36 or line 37. Enter the
required installment amount on the appropriate voucher for each installment
payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting Period Less Than 12 Months (Short Period) -- Fiscal year corporations, adjust dates accordingly.
Number of Percentage of Estimated Tax Due On or Before
If taxable year (calendar year) begins: Installments Due April 15 June 15 September 15 December 15
January 1 through January 16 4 25% 50% 75% 100%
January 17 through March 16 3 33 1/3% 66 2/3% 100%
March 17 through June 15 2 50% 100%
June 16 through September 15 1 100%
September 16 through December 31 None
When the due date falls on a weekend or holiday, the deadline to file and pay without penalty is extended to the next business day.
Page 4 Form 100-ES Instructions 2007