Form 41es - Quarterly Estimated Tax - Id State Tax Commission

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9-24-02

Quarterly Estimated Idaho Tax Payments Worksheet

Use this worksheet to compute your anticipated income tax for this year and to determine your estimated tax payments.

1. Anticipated Idaho taxable income this year ..........................................................................................................

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2. Income tax on anticipated Idaho taxable income. Multiply line 1 by 7.6%. ............................................................

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3. Permanent building fund tax ($10 or, if a combined report, multiply $10 by the

number of corporations required to file for income tax purposes) ........................................................................

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4. Recapture of investment tax credit, broadband equipment investment credit, and

incentive investment tax credit. ............................................................................................................................

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5. Total income tax. Add lines 2, 3 and 4. ................................................................................................................

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6. Anticipated credits. Refer to last year's instructions for information on Idaho credits. ...........................................

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7. Estimated taxes payable on this year's return. Line 5 minus line 6. ......................................................................

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If the amount is less than $500, stop here. You are not required to make estimated payments.

8. Multiply line 7 by 90%. ........................................................................................................................................

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9. Idaho income tax reported on last year's return ...................................................................................................

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10. Estimated payments. Multiply the smaller of lines 8 or 9 by 25%. This is the

10.

amount of each estimated payment. ...................................................................................................................

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Use the Form 41ES below for making quarterly estimated tax payments ONLY if you do not have a personalized payment

voucher.

Return the form below with check or money order payable to: Idaho State Tax Commission, PO Box 76, Boise, ID 83707-0076

CUT HERE

41ES

PAYMENT OF ESTIMATED IDAHO BUSINESS INCOME TAX

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