Form Efo00026 Draft - Idaho Business Income Tax Payments Worksheets
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1
2EFO00026
9-03-08
idaho Business income tax payments Worksheets
Use the worksheet in Part A to compute your corporate quarterly estimated tax payments.
Use the worksheet in Part B to determine if you need to make an extension of time payment.
A. CorporAte QuArterly estimAted tAx pAyments Worksheet
1. Anticipated Idaho taxable income this year ......................................................................................... 1.
2. Income tax on anticipated Idaho taxable income. Multiply line 1 by 7.6% .......................................... 2.
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) ......................................................................... 3.
4. Tax from recapture of business income tax credits. See Form 44, Part II, for a complete list ............ 4.
5. Total income tax. Add lines 2, 3 and 4 ................................................................................................ 5.
6. Anticipated income tax credits ............................................................................................................. 6.
7. Estimated income taxes payable on this year's return. Line 5 minus line 6 ........................................ 7.
If the amount is less than $500, stop here. You are not required to make estimated payments.
8. Multiply line 7 by 90% .......................................................................................................................... 8.
9. Idaho total tax less any fuels tax and sales/use tax due reported on last year's return ....................... 9.
10. Estimated payments. Multiply the smaller of lines 8 or 9 by 25%. This is the amount of each
estimated payment ............................................................................................................................... 10.
B. extension of time pAyment Worksheet
yes
no
1. Was a tax return filed last year? ........................................................................................................... 1.
2. If yes, enter the total tax less the fuels tax and sales/use tax due reported on last year's return ........ 2.
3. Estimated income tax due this year less estimated income tax credits. (Estimated tax due
includes the $20 minimum tax, the $10 permanent building fund tax, and tax from recapture of
business income tax credits.) See instructions ................................................................................... 3.
4. Enter 80% of the amount on line 3 ....................................................................................................... 4.
5. If you answered yes to the question on line 1, enter the lesser of the amount on line 2 or line 4.
If you answered no, enter the amount from line 4 ................................................................................ 5.
6. Quarterly estimated payments and tentative payments ....................................................................... 6.
7. PAYMENT. Line 5 minus line 6. If $50 or less, a payment isn't required ............................................ 7.
If no payment is being made, don't return this form.
CUT HERE
41es
QuArterly estimAted tAx / extension of time pAyment
f
o
idAho Business inCome tAx
r
EFO00026
m
mm-dd-yy
Month
Day
Year
Month
Day
Year
For calendar year ________, or fiscal year beginning
ending
.
Business name
Federal employer identification number
Business mailing address
TAX CODE
05
City, State and Zip Code
TRAN CODE
10
Name change?
Combined report?
Amount paid
yes
no
yes
no
$
00
type of pAyment
type of return to Be filed
1
CORPORATION - FORM 41
3
FIDUCIARY - FORM 66
1
ESTIMATED TAX
2
EXTENSION OF TIME
2
S CORPORATION - FORM 41S
4
PARTNERSHIP - FORM 65
Return this form with a check or money order payable to: Idaho State Tax Commission, PO Box 83784, Boise ID 83707-3784
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Form Efo00026 Draft - Idaho Business Income Tax Payments Worksheets/form 41es Draft - Quarterly Estimated Tax / Extension Of Time Payment Idaho Business Income Tax
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