Form Efo00026 - Idaho Business Income Tax Payments Worksheets/form 41es - Quarterly Estimated Tax / Extension Of Time Payment Idaho Business Income Tax
ADVERTISEMENT
1EFO00026
8-22-07
Idaho Business Income Tax Payments Worksheets
Use the worksheet in Part A to compute your corporate quarterly estimated tax payments.
Use the worksheet in Part B to determine if you need to make an extension of time payment.
A .
CORPORATE QUARTERLY ESTIMATED TAX PAYMENTS WORKSHEET
1.
1.
Anticipated Idaho taxable income this year ....................................................................................
2.
Income tax on anticipated Idaho taxable income. Multiply line 1 by 7.6% .....................................
2.
3.
Permanent building fund tax ($10 or, if a combined report, multiply $10 by the number of
corporations required to file for income tax purposes) ..................................................................
3.
4.
Tax from recapture of business income tax credits. See Form 44, Part II, for a complete list ......
4.
5.
Total income tax. Add lines 2, 3 and 4 ............................................................................................
5.
Anticipated income tax credits ........................................................................................................
6.
6.
7.
Estimated income taxes payable on this year's return. Line 5 minus line 6 ................................
7.
If the amount is less than $500, stop here. You are not required to make estimated payments.
8.
Multiply line 7 by 90% ......................................................................................................................
8.
9.
Idaho total tax less any fuels tax and sales/use tax due reported on last year's return .................
9.
10.
Estimated payments. Multiply the smaller of lines 8 or 9 by 25%. This is the amount of each
estimated payment ..........................................................................................................................
10.
B .
EXTENSION OF TIME PAYMENT WORKSHEET
YES
NO
Was a tax return filed last year? ......................................................................................................
1.
1.
2.
If yes, enter the total tax less the fuels tax and sales/use tax due reported on last year's return ..
2.
Estimated income tax due this year less estimated income tax credits. (Estimated tax due
3.
includes the $20 minimum tax, the $10 permanent building fund tax, and tax from recapture of
business income tax credits.) See instructions .............................................................................
3.
4.
Enter 80% of the amount on line 3 ..................................................................................................
4.
5.
If you answered yes to the question on line 1, enter the lesser of the amount on line 2 or line 4.
If you answered no, enter the amount from line 4 ..........................................................................
5.
6.
Quarterly estimated payments and tentative payments .................................................................
6.
7.
PAYMENT. Line 5 minus line 6. If $50 or less, a payment isn't required ......................................
7.
If no payment is being made, don't return this form.
CUT HERE
QUARTERLY ESTIMATED TAX / EXTENSION OF TIME PAYMENT
F
41ES
O
R
IDAHO BUSINESS INCOME TAX
EFO00026
M
8-22-07
PAYMENT
Month
Day
Year
Month
Day
Year
For calendar year ________, or fiscal year beginning
ending
Business name
Federal employer identification number
.
Name change?
Business mailing address
YES
NO
Combined report?
City, State and Zip Code
YES
NO
TYPE OF PAYMENT
TYPE OF RETURN TO BE FILED
1
3
CORPORATION - FORM 41
FIDUCIARY - FORM 66
1
ESTIMATED TAX
2
4
2
EXTENSION OF TIME
S CORPORATION - FORM 41S
PARTNERSHIP - FORM 65
Return this form with a check or money order payable to: Idaho State Tax Commission, PO Box 76, Boise ID 83707-0076
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Efo00026 Draft - Idaho Business Income Tax Payments Worksheets/form 41es Draft - Quarterly Estimated Tax / Extension Of Time Payment Idaho Business Income Tax
Financial
Form Ar1055 Draft - Request For Extension Of Time For Filing Income Tax Returns/form Ar1000es - Estimated Tax For Individuals (payment With Extension) - 2008
Financial
Related Categories
Parent category: Financial