Publication 505 - Tax Withholding And Estimated Tax Page 26
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49Worksheet 2.10. (continued) 2003 Annualized Estimated Tax Worksheet
Section B (For Figuring Your Annualized Estimated Self-Employment Tax)—Complete each column after end of period shown.
1/1/03 to
1/1/03 to
1/1/03 to
1/1/03 to
3/31/03
5/31/03
8/31/03
12/31/03
26
Net earnings from self-employment for the period
26
$21,750
$36,250
$58,000
$87,000
27
Prorated social security tax limit
27
28
Enter actual wages for the period subject to social
security tax or the 6.2% portion of the 7.65% railroad
retirement (tier 1) tax
28
29
Subtract line 28 from line 27. If zero or less, enter -0-
29
30
Annualization amounts
30
0.496
0.2976
0.186
0.124
31
Multiply line 30 by the smaller of line 26 or line 29
31
32
Annualization amounts
32
0.116
0.0696
0.0435
0.029
33
Multiply line 26 by line 32
33
34a Add lines 31 and 33. Enter the result here and on
line 13 of Section A
34a
b Annualization amounts
34b
8
4.8
3
2
c Deduction for one-half of self-employment tax. Divide
line 34a by 34b. Enter the result here. Also use this
result to figure your adjusted gross income on line 1
34c
Using the
Change of address. You must notify the IRS
turn, you can schedule one estimated tax pay-
ment with an effective date of April 15, 2003,
if you are making estimated tax payments and
Payment-Vouchers
June 16, 2003, or September 15, 2003. Do not
you changed your address during the year. You
send in a Form 1040 – ES payment voucher
must send a clear and concise written statement
Each payment of estimated tax must be accom-
when you schedule an estimated tax payment
panied by a payment-voucher from Form
to the IRS Center where you filed your last return
by electronic funds withdrawal.
1040 – ES. If you made estimated tax payments
and provide all of the following:
last year, you should receive a copy of the 2003
•
Your full name (and your spouse’s full
Payment by Credit Card
Form 1040 – ES in the mail. It will have
payment-vouchers preprinted with your name,
name),
address, and social security number. Using the
You can use your American Express, Dis-
•
Your signature (and spouse’s signature),
preprinted vouchers will speed processing, re-
cover, MasterCard, or Visa credit card to
•
duce the chance of error, and help save
Your old address (and spouse’s old ad-
make estimated tax payments. Call or access by
processing costs.
dress if different),
Internet one of the service providers listed below
If you did not pay estimated tax last year, you
•
and follow the instructions of the provider. Each
Your new address, and
will have to get a copy of Form 1040 – ES from
provider will charge a convenience fee based on
•
the IRS. See chapter 5. After you make your first
Your social security number (and spouse’s
the amount you are paying. You can find out
payment, a Form 1040 – ES package with the
social security number).
what the fee will be by calling the provider’s
preprinted vouchers will be mailed to you. Fol-
toll-free automated customer service number or
You can use Form 8822, Change of Address,
low the instructions in the package to make sure
visiting the provider’s web site shown below.
for this purpose.
you use the vouchers correctly.
Use the window envelopes that came with
You can continue to use your old pre-printed
Official Payments Corporation
your Form 1040 – ES package. If you use your
payment-vouchers until the IRS sends you new
1 – 800 – 2PAY – TAX (1 – 800 – 272 – 9829)
own envelopes, make sure you mail your
ones. However, do not correct the address on
1 – 877 – 754 – 4413 (Customer Service)
payment-vouchers to the address shown in the
the old voucher.
Form 1040 – ES instructions for the place where
you live.
Payment by Electronic
Do not use the address shown in the
Funds Withdrawal
!
Link2Gov Corporation
Form 1040 or Form 1040A instruc-
1 – 888 – PAY – 1040 (1 – 888 – 729 – 1040)
tions.
CAUTION
You can make a 2003 estimated tax payment
1 – 888 – 658 – 5465 (Customer Service)
when you electronically file your 2002 Form
If you file a joint return and you are making
1040 or Form 1040A by authorizing an elec-
joint estimated tax payments, please enter the
tronic funds withdrawal from your checking or
names and social security numbers on the pay-
savings account. Whether or not you have a
See the Form 1040 – ES instructions for
ment voucher in the same order as they will
balance due on your electronically filed tax re-
more information.
appear on the joint return.
Page 26
Chapter 2 Estimated Tax for 2003
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