Form 20es - Estimated Corporation Excise Or Income Tax

number, and federal employer identification number. Check

These numbers are used to credit your payment accurately to

the box to show whether you use a calendar year or fiscal

your account.

year. If you use a fiscal year, fill in your beginning and end-

This form is machine-scanned and equipment used to scan

ing dates for the 2002 tax year. Check the box to show

documents cannot read certain colors of ink, especially red.

whether you file an excise tax return (Form 20 or 20-INS),

Please use blue or black ink to prepare your coupon. Please

an income tax return (Form 20-I), or an S-corporation return

print your numbers inside the boxes like this:

(Form 20S, which can be either excise or income).

Oregon business identification number. Each corporation is

0 0 1 2 3 4 5 6 7

0 0

identified by a business identification number (BIN) as-

signed by the department. You may already have been as-

Payment

signed a BIN if you have made payments to the state of

Oregon for payroll taxes, workers’ compensation, or unem-

Fill in the amount of your payment. Round your payment

ployment tax. If you do not already have a BIN, one will be

to the nearest dollar. Remove check stubs and do not post-

assigned when your first payment is received.

date your check. Make your check or money order payable

Important: Double-check your return type and Oregon busi-

to Oregon Department of Revenue. Include the coupon

ness identification number to make sure they are correct.

voucher with your check or money order.

Oregon Estimated Tax Worksheet

For figuring your 2002 estimated tax. (Keep for your records—do not file.)

1. Oregon net income expected in 2002...................................................................... 1

2. Tax on Oregon net income (multiply line 1 by 6.6%) .............................................................................. 2

3. Subtractions

a. 2001 overpayment applied to 2002 tax* ..........................................................3a

b. Tax credits expected for 2002 .......................................................................... 3b

4. Total subtractions (line 3a plus line 3b) .................................................................................................... 4

5. Net tax (line 2 minus line 4) ........................................................................................................................ 5

If the amount on line 5 is less than $500, stop. You don’t have to make estimated tax payments.

See instructions, “Who must file.” Caution: If your final tax liability when you file your return

is $500 or more, you may be subject to underpayment interest.

6. Amount of each payment (Divide line 5 by the number of payments

you need to make. This is usually 4.) ........................................................................................................ 6

* To use your 2001 overpayment to evenly reduce each of your 2002 payments, enter the full 2001 overpayment amount

on line 3a.

* To use your entire 2001 overpayment to reduce your first 2002 quarterly payment, enter -0- on line 3a. Reduce your first

2002 quarterly installment by the amount of your 2001 overpayment.

* Refer to your 2001 return (Form 20, 20-I, 20-S or 20-INS) to see the amount available.

If you change the amount of your estimate during the tax year, use the Amended Estimated Tax Worksheet below. Enter

the amount of the revised payment on the next voucher due. See OAR 150-314.515.

Amended Estimated Tax Worksheet

1. Amended estimated tax ...........................................................................................1

2. Payment and credits already applied to your 2002 estimated tax ..................... 2

3. Underpaid balance (line 1 minus line 2) ................................................................................................... 3

4. Amount of each remaining payment (divide line 3 by the number of remaining

payments). Enter here and on the next voucher due .............................................................................. 4

Form 20es - Estimated Corporation Excise Or Income Tax - 2002 Page 3

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