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Tax year:
Form 37 2015
Underpayment of Oregon
* 0 2 7 1 1 5 0 1 0 1 0 0 0 0 *
Corporation Estimated Tax
Legal name of corporation as shown on your Oregon corporate return
FEIN
Current and prior year information
1. Current year net excise or income tax (from Form 20, Form 20-I, Form 20-S, or Form 20-INS) ..................................1
2. Prior year net excise or income tax (high-income taxpayers, see instructions) .......................................................2
Part I—Figuring the underpayment
(a)
(b)
(c)
(d)
3. Enter the exception number
claimed for each quarter:
•
•
•
•
(e.g.1, 2, 3, or 4 ) ...3
4. Required installments.
Enter the lesser of lines
12, 13, 14, or 15 for
each column ......4
5. Underpayment from
line 11 of preceding
column ..................................................................5
6. Total tax due. Add lines
4 and 5 ..............6
7. Estimated tax paid or credited
for each period ...7
8. Overpayment from
line 10 of preceding
column .................................................................8
9. Total tax paid. Add
lines 7 and 8 ......9
10. Overpayment. If line 6 is less
than line 9, subtract line 6
from line 9 .......10
11. Underpayment. If line 9
is less than or equal to
line 6, subtract line 9
from line 6 ....... 11
Part II—Figuring the required installments
Do not enter zero on lines 14 or 15 unless you have computed exception 3, line 14 (use worksheet on page 2) or exception 4, line 15 (see instructions)
and calculated a loss for the quarter.
(a)
(b)
(c)
(d)
12. Exception 1: Current
25% of line 1
25% of line 1
25% of line 1
25% of line 1
year net tax ..................12
13. Exception 2: Prior year net
tax (high-income taxpayers
may use this exception for the
first installment only—see
25% of line 2
25% of line 2
25% of line 2
25% of line 2
instructions) ..................13
14. Exception 3: Net
annualized tax (from
25% of line 22
25% of line 22
25% of line 22
25% of line 22
line 22) ..........................14
15. Exception 4: Recurring
seasonal income
(see instructions) ..........15
150-102-037 (Rev. 10-15) Form 37, page 1 of 3
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