Form 20es - Oregon Estimated Tax Worksheet Page 4
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5If your name isn’t printed on Form 20ES. Print your name,
Important: Double-check your return type and business
identification number to make sure they are correct. We
address, phone number, business identification number (if
known), and federal employer identification number. Check
need these numbers to accurately credit your payment to your
account.
the box to show whether you use a calendar year or fiscal
year. If you use a fiscal year, fill in your beginning and end-
This form is machine-scanned. Do not use red ink. Please
ing dates for the 2001 tax year. Check the box to show
print your numbers inside the boxes like this:
whether you file an excise tax return (Form 20 or 20-INS),
or an income tax return (Form 20-I).
0 0 1 2 3 4 5 6 7
Business identification number. Each corporation is iden-
Payment
tified by a business identification number (BIN) assigned by
the department. You may have already been assigned a BIN
Fill in the amount of your payment. Round your payment to
if payroll taxes, workers’ compensation, or unemployment
the nearest dollar. Remove check stubs and do not postdate
payments are made to the state of Oregon. If you do not al-
your check. Make your check or money order payable to Or-
ready have a BIN, one will be assigned when your first pay-
egon Department of Revenue. Do not use red ink. Include
ment is received.
the voucher with your check or money order.
Oregon Estimated Tax Worksheet
For figuring your 2001 estimated tax. (Keep for your records—do not file.)
1. Oregon net income expected in 2001 .................................................................. 1
2. Tax on Oregon net income (multiply line 1 by 6.6%) .......................................................................... 2
3. Subtractions
a. 2000 overpayment applied to 2001 tax* ........................................................ 3a
b. Tax credits expected for 2001 ........................................................................ 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 liability 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 2000 overpayment to evenly reduce each of your 2001 payments, enter the full 2000 overpayment amount
on line 3a.
* To use your entire 2000 overpayment to reduce your first 2001 quarterly payment, enter -0- on line 3a. Reduce your
first 2001 quarterly installment by the amount of your 2000 overpayment.
* Refer to your 2000 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 2001 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
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