Estimated Tax For Corporations Instructions

Iowa Department of Revenue

2012 Corporation Estimated Income Worksheet

ORIGINAL

AMENDED

(Keep for your records)

COMPUTATION

ONLY

1. Net income from federal return .................................................................................. 1. $ _____________

$ _____________

2. 50% of federal tax refund ........................................................................................... 2. $ _____________

$ _____________

3. Other additions ............................................................................................................ 3. $ _____________

$ _____________

4. Net income after additions. Add lines 1 through 3. .................................................. 4. $ _____________

$ _____________

5. 50% of federal tax paid or accrued ............................................................................ 5. $ _____________

$ _____________

6. Other reductions .......................................................................................................... 6. $ _____________

$ _____________

7. Total reductions. Add lines 5 and 6. .......................................................................... 7. $ _____________

$ _____________

8. Income before net operating loss. Subtract line 7 from line 4. ................................ 8. $ _____________

$ _____________

9. Nonbusiness income ................................................................................................... 9. $ _____________

$ _____________

10. Income subject to apportionment. Subtract line 9 from line 8. ................................ 10. $ _____________

$ _____________

11. Business Activity Ratio ............................................................................................... 11.

____________ %

_____________ %

12. Apportioned income. Multiply line 10 by line 11. ...................................................... 12. $ _____________

$ _____________

13. Nonbusiness income allocable to Iowa ..................................................................... 13. $ _____________

$ _____________

14. Income before net operating loss: Add lines 12 and 13. ......................................... 14. $ _____________

$ _____________

15. Net operating loss deduction ..................................................................................... 15. $ _____________

$ _____________

16. Income subject to tax. Subtract line 15 from line 14. ............................................... 16. $ _____________

$ _____________

17. Computed tax .............................................................................................................. 17. $ _____________

$ _____________

18. Estimated alternative minimum tax ............................................................................ 18. $ _____________

$ _____________

19. Total tax. Add lines 17 and 18. .................................................................................. 19. $ _____________

$ _____________

20. Total credits ................................................................................................................. 20. $ _____________

$ _____________

21. Tax after credits. Subtract line 20 from line 19. ....................................................... 21. $ _____________

$ _____________

(

)

22. Payments previously made for current period estimate tax............... Use these two lines

22. $ _____________

23. Unpaid balance. Subtract line 22 from line 21. ..................................... only if amending

23. $ _____________

24. Computation of installment ......................................................................................... 24.

$ _____________

(

) last day of the 4th month, enter 1/4 of line 21 .........................

if first installment (

) last day of the 6th month, enter 1/3 of line 21 (23 if amending)

$ _____________

is to be filed on

(

)

last day of the 9th month, enter 1/2 of line 21 (23 if amending)

$ _____________

(

) last day of the 12th month, enter all of line 21 (23 if amending)

$ _____________

Estimated Tax Payment Schedule

Tax Computation Schedule

Date

Computed

Prior period

Amount to be paid

(a)

Installment (line 24)

Overpayment

(column b less column c)

Amount on line 21

(b)

(c)

(d)

under $25,000

then multiply line 16 by 6%.

$25,000 to $100,000 then multiply line 16 by 8% and subtract $500

$100,00 to $250,000 then multiply line 16 by 10% and subtract $2,500

over $250,000

then multiply line 16 by 12% and subtract $7,500

Total

Iowa Corporation Estimated Tax Change of Name / Address Form

Prior Name / Address

Corporation Name

FEIN

Change of:

(Check each

Prior Mailing Address

that applies)

City, Town, or Post Office; State; Zip Code

Name

Revised Name / Address

Corporation Name

FEIN

Address

Current Mailing Address

FEIN

City, Town, or Post Office; State; Zip Code

Signature: ___________________________________ Date: __________ Telephone Number: __________________

45-010b (06/24/11)

Estimated Tax For Corporations Instructions - 2012 Page 2

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