Instructions For Form 100-Es - Corporation Estimated Tax

H Revised Estimates

Line 32 – Other taxes

Line 34 – Total payments

R&TC Section 19023 defines tax, for purposes

Enter the total payments of estimated tax for

Corporations may revise the estimated tax any time

of California estimate payments, to include

the taxable year paid prior to the due date of the

during the taxable year. If the corporation revises

alternative minimum tax, S corporation taxes from

installment. Include any overpayments from 2012 tax

the estimated tax, compute the amount of each

Schedule D (100S) and from the excess net passive

that were credited to 2013 estimated tax.

remaining installment (if any) by doing the following:

income, the QSub annual tax, credit recapture, and

• Subtracting from the revised estimated tax, the

the minimum franchise tax. Enter applicable amounts

total estimated tax previously paid.

for each payment period.

• Dividing the result by the number of installments

remaining as of the date the revision is made.

Computation of Estimated Tax

Worksheet I Exception A — Prior Year’s Tax

1 Taxable income expected during this taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 __________________

2 R&TC Section 23802(e) deduction, S corporations only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 __________________

3 Net income. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 __________________

4 Tax. Multiply line 3 by the current tax rate. See General Information D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 __________________

5 Tax credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 __________________

6 Subtract line 5 from line 4. (Not less than minimum tax and QSub annual tax(es), if applicable.) . . . . . . . . . . . . . . . . . . . . . . . . . 6 __________________

7 Other taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 __________________

8 Total tax. Add line 6 and line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 __________________

9 Enter the tax shown on the corporation’s 2012 tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 __________________

10 Enter the smaller of line 8 or line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 __________________

(1) 30%

(2) 70%

(3) 70%

(4) 100%

(not less than min.)

11 Multiply line 10 by the percentage shown in column 1 through

column 4. Large corporations, see instructions . . . . . . . . . . . . . . . . . .

12 Total payment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . . . . . .

Large corporations: To meet the exception by paying prior year’s tax for the first estimate installment and paying the reduction in the first estimate installment

with the second estimate installment, the corporation must have paid the amounts in line 11, column (1) and column (2).

Worksheet II Exception B — Annualized Current Year Income

(1)

(2)

(3)

(4)

1 Annualization periods. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Enter taxable income for each annualization period . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Annualization amounts. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 a Annualized taxable income. Multiply line 2 by line 3. . . . . . . . . . . . . . . . . . . . . . . .

b R&TC Section 23802(e) deduction, S corporations only . . . . . . . . . . . . . . . . . . . .

c Net income. Subtract line 4b from line 4a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Tax. Multiply line 4c by the current tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Tax credits for each payment period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Subtract line 6 from line 5. (Not less than minimum tax and QSub annual tax(es),

if applicable.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Other taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Total tax. Add line 7 and line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30%

70%

100%

10 Applicable percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 Multiply line 9 by line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 Total payments. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 Annualized current year income installments. Subtract line 12 from line 11.

If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Worksheet III Exception C — Annualized Seasonal Income

(1)

(2)

(3)

(4)

(Use this method only if the base period percentage for any six consecutive months

First 3 months

First 5 months

First 8 months

First 11 months

is at least 70%. See instructions.)

14 Enter the taxable income for the following periods:

a Taxable year beginning in 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Taxable year beginning in 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Taxable year beginning in 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 Enter taxable income for each period for the taxable year beginning in 2013. . . . . . .

Form 100-ES Instructions 2012 Page 3

Instructions For Form 100-Es - Corporation Estimated Tax - 2013 Page 3

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