Form 10 And Instructions For Underpayment Of Estimated Tax - 2005 Page 3
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2
3
4
5
6Date and Amount Columns
Lines 30, 31, and 32. Enter the dates and amounts of any
estimated payments you made from January 17, 2006 until
Lines 12, 17, 22, and 28. Enter your required payments from
April 16, 2006 in date order.
line 11, in the amount column for each corresponding period.
If the required payment is zero, enter -0-.
Running Balance Column
Lines 13, 18, 23, and 29. Fill in Oregon income tax withheld
from your wages, pension, or any other income. Withhold-
Running balance is the amount of tax due at any given time
ing is considered to be paid in equal amounts on the required
during the year. Start on line 12 and work your way down.
payment dates (usually four), unless you prove otherwise. If
The required payments on lines 12, 17, 22, and 28 increase
you worked all year, divide your withholding by four and
your running balance. Withholding and estimated payments
enter the fi gure in the amount column for the four withhold-
on the other lines decrease your running balance. If there is
ing payment dates. If there was no withholding during the
no withholding payment for the period, your running balance
period, enter zero.
will be the same as shown on the required payment line. The
Lines 14, 15, and 16. Enter the dates and amounts of any
rate change on line 27 has no effect on your running balance.
estimated payments you made before June 15, 2005 in date
Your running balance can be positive, negative, or zero.
order. All payments made on or before April 15, 2005 can be
Example 1: Catelyn has a required payment of $5,000 every
added together and entered on line 14.
period. Her total withholding is $14,000 for 2005 ($3,500 each
Lines 19, 20, and 21. Enter the dates and amounts of any
period). Catelyn made estimated tax payments of $2,500 on
estimated payments you made from June 15, 2005 until
May 16, 2005 and July 15, 2005 and $3,000 on August 15,
September 14, 2005 in date order.
2005. Catelyn’s running balance as of September 15, 2005 is
Lines 24, 25, and 26. Enter the dates and amounts of any
negative $3,500.
estimated payments you made from September 15, 2005
until January 16, 2006 in date order.
Example 1. Date, Amount, and Running Balance Columns
No. of
Monthly
No. of
Daily
Interest
Date
Event
Amount
Running Balance
Months
Rate
Days
Rate
Due
$5,000.00
$5,000.00
4/15/05
Req. Pymt.
12.
$3,500.00
$1,500.00
13. 4/15/05
Withholding
0.004167
0.000137
5/16/05
$2,500.00
($1,000.00)
14.
Payment
0.004167
0.000137
15.
Payment
0.004167
0.000137
16.
Payment
0.004167
0.000137
17. 6/15/05
Req. Pymt.
$5,000.00
$4,000.00
$3,500.00
$500.00
18.
6/15/05
Withholding
0.004167
0.000137
7/15/05
$2,500.00
($2,000.00)
19.
Payment
0.004167
0.000137
8/15/05
$3,000.00
($5,000.00)
20.
Payment
0.004167
0.000137
21.
Payment
0.004167
0.000137
$5,000.00
$0.00
22.
9/15/05
Req. Pymt.
$3,500.00
($3,500.00)
23.
9/15/05
Withholding
0.004167
0.000137
3
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