Form 150-102-022 - Oregon Estimated Tax Worksheet

Estimated Excise or Income Tax Voucher

How to use the voucher, Form 20ES

Important: Double-check your return type and busi-

ness identification number to make sure they are

correct. We need these numbers to accurately credit your

Name and address section

payment to your account.

If your name is printed on Form 20ES: Check your name,

This form is machine-scanned. Do not use red ink. Please print

address, business identification number, federal employer

your numbers inside the boxes like this:

identification number and tax year for accuracy. Correct any

errors.

0 0 1 2 3 4 5 6 7

If your name isn’t printed on Form 20ES: Print your name,

address, phone number, business identification number

Payment

(if known), and federal employer identification number.

Check the box to show whether you use a calendar year

Fill in the amount of your payment. Round your payment

to the nearest dollar. Remove check stubs and do not post-

or fiscal year. If you use a fiscal year, fill in your begin-

ning and ending dates for the 1999 tax year. Check the

date your check. Make your check or money order payable

to Oregon Department of Revenue. Do not use red ink.

box to show whether you file an excise tax return (Form

20 or 20-INS), or an income tax return (Form 20-I).

Include the voucher with your check or money order.

Oregon Estimated Tax Worksheet

For figuring your 1999 estimated tax. (Keep for your records—do not file.)

1. Oregon net income expected in 1999 .................................................................. 1

2. Tax on Oregon net income (multiply line 1 by 6.6%) .......................................................................... 2

3. Subtractions

a. 1998 overpayment applied to 1999 tax* ........................................................ 3a

b. Tax credits expected for 1999 ........................................................................ 3b

4. Total subtractions (line 3a plus line 3b) ................................................................................................. 4

5. Net tax (line 2 minus line 4) ................................................................................................................... 5

If the amount on line 5 is less than $500, stop. You don’t have to make estimated tax pay-

ments. See instructions, “Who must file.” Caution: If your final liability is $500 or more,

you may be subject to underpayment interest.

6. Amount of each payment (Divide line 5 by the number of payments

you need to make. This is usually 4.) .................................................................................................... 6

* To use your 1998 overpayment to evenly reduce each of your 1999 payments, enter the full 1998 overpayment amount

on line 3a.

* To use your entire 1998 overpayment to reduce your first 1999 quarterly payment, enter -0- on line 3a. Reduce your

first 1999 quarterly installment by the amount of your 1998 overpayment.

* Refer to your 1998 return (Form 20, 20-I, 20-S or 20-INS) to see the amount available.

If you change the amount of your estimate during the tax year, use the Amended Estimated Tax Worksheet below.

Enter the amount of the revised payment on the next voucher due. See OAR 150-314.515.

Amended Estimated Tax Worksheet

1. Amended estimated tax ......................................................................................... 1

2. Payment and credits already applied to your 1999 tax ....................................... 2

3. Underpaid balance (line 1 minus line 2) ............................................................................................... 3

4. Amount of each remaining payment (divide line 3 by the number of remaining

payments). Enter here and on the next voucher due ........................................................................... 4

Form 150-102-022 - Oregon Estimated Tax Worksheet - 1999 Page 3

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