Form D-20es - Declaration Of Estimated Franchise Tax For Corporations - 2012 Page 3
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21General Instructions
Declaration of Estimated Franchise Tax for Corporations
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Use the record of payments worksheet on page 9 to plan how much of
Who must file a Form D-20ES?
the overpayment you will apply to each payment.
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A corporation must file a declaration of estimated franchise tax voucher if
its District of Columbia (DC) franchise tax liability is expected to exceed
Could you be charged a penalty or fee?
$1,000 for the taxable year.
If you underestimate your tax, you will be charged an underpayment rate
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of 10% per year compounded daily when your estimated tax payments
do not equal:
Applying an overpayment from your prior DC corporation fran-
chise tax return.
• At least 90% of your 2012 corporation franchise tax; or
You can apply the full amount of any overpayment of tax from your prior
• 110% of your 2011 DC corporation franchise tax for a
year’s DC corporation franchise tax return to the first payment of your
12-month period.
estimated taxes or you can spread it across the four payments any way
you choose. You may not do this if you have requested or received a
You will be charged a penalty if any statement made on the voucher is
refund of this overpayment.
not true and accurate to the best of your knowledge.
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