Form 1120es-Me - Estimated Tax Worksheet (Page 2 of 2) in pdf

MAINE REVENUE SERVICES

Income/Estate Tax Division

P.O. Box 1062

Augusta, ME 04332-1062

MAINE CORPORATE INCOME TAX

ESTIMATED TAX WORKSHEET

For Form 1120ES-ME

MAINE NET INCOME

(check one) ..................

For immediate prior year ................

Estimated ................ 1. ____________

ESTIMATED MAINE CORPORATE INCOME TAX

................................................................................................................. 2. ____________

For tax years beginning on or after January 1, 2000, the Maine corporate tax rate is as follows:

If Maine net income is:

The tax is:

Not over $25,000

3.5% of Maine net income

$ 25,000 but not over $ 75,000

875 plus 7.93% of excess over $ 25,000

$ 75,000 but not over $250,000

$ 4,840 plus 8.33% of excess over $ 75,000

$250,000 or more

$19,418 plus 8.93% of excess over $250,000

OVERPAYMENT

from prior year elected for credit to estimated tax: .............................................................................. 3. ____________

BALANCE

of estimated Maine corporate income tax (line 2 minus line 3): ................................................................ 4. ____________

COMPUTATION

and

RECORD OF PAYMENTS

Total Estimate

Prior Year

Voucher Number

Original or

Amount of

Overpayment

Balance

Total Payments

and Date Paid

Amended

Installment Payable

Applied to Installment

Payable by Check

and Refund Applied

1. ___________

$ ____________

$ ______

$ ____________

April 15

2. ___________

$ ____________

$ ______

$ ____________

June 15

3. ___________

$ ____________

$ ______

$ ____________

Sept 15

4. ___________

$ ____________

$ ______

$ ____________

Dec 15

Fiscal year corporations: Use dates corresponding with the 15th day of the 4th, 6th, 9th and 12th months of the fiscal year.

NOTE: If your estimated tax should change during the year, you may use the amended computation worksheet below to

determine the amended amounts to be entered on declaration.

AMENDED ESTIMATED CORPORATE INCOME TAX

.......................................................................................................... 1. ____________

LESS:

Amount of

OVERPAYMENT

from prior year credited to

this year’s estimated tax and applied to date .............................................................................................................2a. ____________

b. PAYMENTS

made for current year ................................................................................................................................2b. ____________

c. TOTAL:

Line 2a plus line 2b ......................................................................................................................................... 2c. ____________

UNPAID BALANCE:

Line 1 minus line 2c ........................................................................................................................... 3. ____________

AMOUNT TO BE PAID:

Line 3 divided by number of remaining installments ............................................................. 4. ____________

(KEEP FOR YOUR RECORDS)

SEE REVERSE SIDE FOR INSTRUCTIONS

FORM 1120W-ME