Form 1120es-Me - Estimated Tax Payment Voucher For Corporations With Instructions (Page 2 of 2) in pdf

ANNUALIZED INSTALLMENT WORKSHEET (located on page 28)

If your income varied during the year because, for example, you own a seasonal business or the majority of

your income was received at once, you may be able to lower or eliminate the amount of your quarterly esti-

mated tax payments by using the annualized income installment method. Use the Annualized Income Install-

ment Worksheet to calculate the required 1999 installment for each payment due date.

SPECIFIC INSTRUCTIONS

NOTE: You must complete lines 1-18 of each column before going on to the next column.

(First complete Form 2220ME, lines 1 through 4)

Line 1 - Annualized periods.

Enter on line 1, columns A through D, respectively, the annualization periods

from line 1 of your federal Annualized Income Installment Method worksheet.

Line 3 - Annualization amounts.

Enter on line 3, Columns A through D, respectively, the annualization

amounts from line 3 of your federal Annualized Income Installment Method worksheet.

For the amount in each column, compute the annualized alternative mini-

Line 6 - Alternative minimum tax.

mum tax on Schedule B of Form 1120ME. Enter on lines 19, 20 and 21 of Schedule B the annualized amounts

calculated for federal purposes for each annualized period.

Line 8.

credits

Enter the

the corporation is entitled to for the months shown in each column on line 1.

Line 12.

Complete lines 13 through 18 in each of the preceding columns before completing line 12.

Line 14 - Large corporations.

The taxpayer is a large corporation as defined by IRC, §6655(g)(2)(A). Such

large corporations may elect to determine the first required installment for any taxable year based on the

preceding year’ s state income tax liability, if that preceding year was a taxable year of 12 months. However, if

the corporation so elects, the second required installment for the taxable year must equal 90% of the

corporation’ s income tax liability for the first half of the current year, less the amount of the first installment for

the taxable year as determined under this provision.

*000020000*

FORM 1120ES-ME

MAINE

ESTIMATED TAX PAYMENT VOUCHER FOR CORPORATIONS

VOUCHER

- Due

Dec. 15

(15th day of the

twelfth

month for fiscal year taxpayers).

000020000

Enter the beginning and ending dates for the

If this payment is for a short year period,

entire tax year (NOT the quarter dates)

enter the next filing period here _____________________

Corporation Name

Amount of Payment

.00

Federal Identification Number

Address

Date Installment Due

ZIP Code

City, Town or Post Office

State

Detach this voucher and make check payable to TREASURER, STATE OF MAINE. Mail both to:

Maine Revenue Services, Income/Estate Tax Division, P.O. Box 1062, Augusta, ME 04332-1062 using the address label inserted in this booklet.

Form 1120es-Me - Estimated Tax Payment Voucher For Corporations With Instructions Page 2

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