Form Ow-8-Esc - Oklahoma Corporate Estimated Tax Page 3
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40500112
000
ITE
ITE0001-8-2011-IT
Tax Worksheet for Corporations and Trusts
See the general instructions on the back of this worksheet
A corporation or trust with an estimated tax liability for the year of $500 or more is required to file a declaration
and pay estimated tax. The corporate income tax rate is six percent of taxable income. The tax rates for trusts are
in the Form 513 instructions. Estates are not required to file an estimated tax return declaration.
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1
Enter your estimated Oklahoma income tax* for the current year.....................................................
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2
Enter your income tax credits ............................................................................................................
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3
Enter your estimated Oklahoma income tax liability (subtract line 2 from line 1) ..............................
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4
A. Multiply line 3 by 70% .............................................................................
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B. Enter the tax liability shown on the previous year’s tax return ................
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C. Enter the smaller of line 4a or 4b .................................................................................................
This is your required annual payment to avoid underpayment interest. Note: If line 3 is less than $500, estimated tax payments are not required
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5
Estimated amount of withholding ......................................................................................................
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6
Subtract line 5 from line 4c ................................................................................................................
Note: If less than zero, or line 3 minus line 5 is less than $500, estimated tax payments are not required.
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Amount to be paid with each voucher (if paid quarterly, 25% of line 6) .............................................
*If income is received unevenly throughout the year (e.g. operating a business on a seasonal basis), the estimated
tax payment may be lowered for one or more periods by using the annualized income installment method as pre-
scribed in the Internal Revenue Code and in the Oklahoma Tax Commission Rule 710:50-13-9. The annualization
provisions found in Section 6655(e)(2)(C) and 6655(e)(3) of the Internal Revenue Code may not be used. Computing
estimated taxes on an annualized basis shall only be permitted for a taxable year of twelve months.
Record of Estimated Tax Payments
Mandatory inclusion of Social Security and/or Federal
Quarter
Date Paid
Amount
Identification Numbers is required on forms filed with
the Oklahoma Tax Commission pursuant to Title 68 of
Applied from 2011 Tax Return ............................
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the Oklahoma Statutes and regulations thereunder,
for identification purposes, and is deemed part of the
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confidential files and records of the Oklahoma Tax
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Commission.
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The Oklahoma Tax Commission is not required to give
actual notice of changes in any state tax law.
Total
SPECIAL NOTE: To ensure that your voucher will be properly
1 2 3 4 5 6 7 8 9 0 X
processed, please print all figures within boxes as shown
Do not fold, staple or paper clip
Write only in white areas
0500112
000
ITE
Oklahoma Corporate Estimated Tax
Revised 7-2011
OW-8-ESC
Fourth Quarter
C
D
E
A
B
For Tax Year
Address Change
Payment Due Date
Quarter
Taxpayer’s FEIN
Beginning
2012
4
Fiscal Year Filers,
2013
Enter Year Ending Month:
Year:
Dollars
Cents
F
Amount Paid
0 0
Name • Address • City • State • Zip
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