Form 602 Es - Corporation Estimated Tax - 2007
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1
2CORPORATION ESTIMATED INCOME TAX INSTRUCTIONS
CORPORATIONS THAT MUST FILE ESTIMATED TAX
Every domestic or foreign corporation subject to taxation in Georgia shall pay estimated tax for the taxable year if
its net income for such taxable year can reasonably be expected to exceed Twenty-Five Thousand Dollars
($25,000.00).
All corporate income tax must be paid directly to the Georgia Department of Revenue. The estimated tax shall be
paid on the specified dates so as to effect payment in full of the estimated tax by the 15th day of the twelfth month
of the taxable year.
If the requirements to file estimated tax under Code Section 48-7-117 are first met as shown in the left-hand
column of the following table, then the estimated tax shall be due as shown in the remaining columns.
The following percentages of estimated tax shall
4th MONTH
6th MONTH
9th MONTH
12th MONTH
be paid on or before the fifteenth day of the:
OF THE
OF THE
OF THE
OF THE
TAXABLE
TAXABLE
TAXABLE
TAXABLE
YEAR
YEAR
YEAR
YEAR
25%
25%
25%
25%
Before the first day of the fourth month of the taxable year.
33
%
33
%
33
%
After the last day of the third month and before the first day
1/3
1/3
1/3
of the sixth month of the taxable year.
50%
50%
After the last day of the fifth month and before the first day
of the ninth month of the taxable year.
100%
After the last day of the eighth month and before the first
day of the twelfth month of the taxable year.
NEW ESTIMATED TAX FILERS
If you determine that you are required to file estimated tax, mail your initial payment along with Form 602ES. The
estimated tax worksheet and Form 602ES are on Page 12. Include your corporate name, address, telephone
number, Federal Employer Identification Number, and the taxable year. You will receive a personalized coupon
booklet containing Form 602ES to be used for remittance of the remaining installments. For more information,
contact the Corporate Tax Section at 404-417-2469.
Form 602ES should be mailed to State of Georgia, Department of Revenue, P.O. Box 105136, Atlanta, Georgia
30348-5136. Check or money order for payment of tax should be made payable to Georgia Department of Revenue.
Include your Federal Employer Identification Number on your check or money.
ELECTRONIC FUNDS TRANSFER
In accordance with Georgia Law (O.C.G.A. § 48-2-32(f)(2)), the Department currently requires corporate estimate
taxpayers with quarterly payments of $10,000 or more to make those payments via electronic funds transfer. You
can also voluntarily participate in our electronic funds transfer program. For registration forms and information,
visit our website at or contact the EFT Section at (404) 417-2220, 1-800-659-1855, or via e-mail
to doreft@dor.ga.gov.
Page 11
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