Form 10 - Oregon Underpayment Of Oregon Estimated Tax - 2011 Page 3
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8Date and amount columns
was less than 12 months, don’t complete line 8. Enter the
amount from line 5 on line 9. Note: If you were a part-year
Lines 12, 17, 22, and 28. Enter your required payments from
resident or nonresident in 2010 and you have a tax year of
line 11 in the Amount column for each corresponding period.
12 months, you may use the tax shown on your 2010 Form
If the required payment is zero, enter -0-.
40N or 40P, line 58 minus lines 62–64.
Lines 13, 18, 23, and 29. Fill in one quarter of the Oregon
income tax withheld from your income. Enter the figure
PART B—Figure your required installment
in the Amount column for the four withholding payment
payment
dates. If you did not have any withholding during that
period, enter -0-. Withholding is considered to be paid in
Line 11. Divide line 9 by four and enter the amount in
equal amounts on the required payment dates (usually four),
each column. If you moved into or out of Oregon in 2011, use
unless you prove otherwise.
the column(s) that correspond to the dates you lived in Oregon.
Divide the amount on line 9 by the number of periods you
Lines 14, 15, and 16. Enter the dates and amounts of any
were a resident of Oregon. This is your required regular
estimated payments you made before June 15, 2011, in date
installment payment for the period.
order. All payments made on or before April 18, 2011, can be
added together and entered on line 14.
OR
Lines 19, 20, and 21. Enter the dates and amounts of any
If you annualized your income using the Annualized Income
estimated payments you made from June 15, 2011, through
Worksheet on the back of Form 10, enter the amounts from
September 14, 2011, in date order.
line 31 of the worksheet instead of four equal payments.
Lines 24, 25, and 26. Enter the dates and amounts of any
These are your required annualized installments. If you
estimated payments you made from September 15, 2011,
annualize, check box 51b on Form 40, or 69b on Form 40N
through January 16, 2012, in date order.
or 40P.
Lines 30, 31, and 32. Enter the dates and amounts of any esti-
PART C—Figure your interest
mated payments you made from January 17, 2012, through
April 17, 2012, in date order.
Interest is calculated on the balance of tax due (running bal-
ance) between event dates. The required payments due on
Running balance column
April 18, 2011, June 15, 2011, September 15, 2011, and Janu-
ary 17, 2012, increase your running balance. Withholding
Running balance is the amount of tax due at any given time
and estimated payments decrease your running balance.
during the year. Start on line 12 and work your way down.
Underpayment interest accrues until the balance is paid in
The required payments on lines 12, 17, 22, and 28 increase
full or April 17, 2012, whichever is earlier. Interest will con-
your running balance. Withholding and estimated payments
tinue to accrue on any tax due after April 17, 2012, and will
on the other lines decrease your running balance. If there is
be computed separately.
no withholding payment for the period, your running bal-
Example 1. Date, Amount, and Running Balance Columns
No. of
Monthly
No. of
Daily
Interest
Date
Event
Amount
Running Balance Months
Rate
Days
Rate
Due
12.
4/15/11
Req. Pymt.
$5,000.00
$5,000.00
13. 4/15/11
Withholding
0.004167
0.000137
$3,500.00
$1,500.00
14. 5/16/11
Payment
0.004167
0.000137
$2,500.00
($1,000.00)
15.
Payment
0.004167
0.000137
16.
Payment
0.004167
0.000137
17. 6/15/11
Req. Pymt.
$5,000.00
$4,000.00
18.
6/15/11
Withholding
0.004167
0.000137
$3,500.00
$500.00
19.
7/13/11
Payment
$2,500.00
($2,000.00)
0.004167
0.000137
20. 8/15/11
Payment
0.004167
0.000137
$3,000.00
($5,000.00)
21.
Payment
0.004167
0.000137
22.
9/15/11
Req. Pymt.
$5,000.00
$0.00
23.
9/15/11
Withholding
0.004167
0.000137
$3,500.00
($3,500.00)
150-101-031 (Rev. 12-11)
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