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Form It-611 - Georgia Income Tax Forms And General Instructions - Georgia Department Of Revenue - 1999 Page 10

SHORT TAXABLE YEAR

A separate estimate must be filed where a corporation is required to submit an income tax return for a period of less than

twelve months. No estimate need be filed if the taxable year is a short period of less than four months, or if the taxable year is a

short period of four or more months and the requirements specified are first met after the first day of the last month in the short

taxable year.

Please Note: Those Corporations required to file estimated tax for a short taxable period or whose accounting period has

changed should contact the Georgia Income Tax Division for appropriate estimated tax forms.

Georgia Income Tax Division

Department of Revenue

Corporation Estimated Tax

P.O. Box 105136

Atlanta, Georgia 30348-5136

Telephone No. (404) 656-4191

Penalties. Failure to comply with the provisions of the law may result in a penalty of 5% of the income tax for failure to

pay estimated tax and a charge at the rate of 9% per annum for underpayment of estimated tax.

CORPORATION ESTIMATED TAX WORKSHEET

1. Amount of taxable income expected during the current year ..................................................

_____________

2. Estimated Tax (6 percent of Line 1) ............................................................................................

_____________

3. Less Credit for 1999 overpayment if credit was elected on Form 600 ....................................

_____________

4. Unpaid balance (Line 2 less Line 3)............................................................................................

_____________

5. Computation of installment: (check box below and enter amount.).........................................

_____________

If first payment is

[ ] April 15, 2000, enter 1/4 of Line 4

[ ] Sept. 15, 2000, enter 1/2 of Line 4

due to be filed on

[ ] June 15, 2000, enter 1/3 of Line 4

[ ] Dec. 15, 2000, enter amount of Line 4

Amount Due .................................

_____________

Corporations filing on fiscal year ending after January 1, must file on corresponding dates. See instructions.

ELECTRONIC FUNDS TRANSFER

In accordance with Georgia Law (OCGA 48-2-32(f)(2), the Department currently requires corporate estimate tax-

payers with quarterly payments of $10,000 or more to make those payments via electronic funds transfer. As

the threshold is lowered, corporate taxpayers will be provided with registration forms and instructions. EFT

Section (404) 651-8400 or 1-(800) 659-1855.

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Form It-611 - Georgia Income Tax Forms And General Instructions - Georgia Department Of Revenue - 1999 Page 10