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EFO00026

09-11-15

Idaho Business Income Tax Payments Worksheets

Use the worksheet in Part A to compute your corporate estimated tax payments.

Use the worksheet in Part B to determine if you need to make an extension of time payment.

A. CORPORATE ESTIMATED TAX PAYMENTS WORKSHEET

1. Anticipated Idaho taxable income this year ......................................................................................... 1. ____________________

2. Income tax on anticipated Idaho taxable income. Multiply line 1 by 7.4% .......................................... 2. ____________________

3. Permanent building fund tax ($10 or, if a combined report, multiply $10 by the number of

corporations required to file for income tax purposes) ......................................................................... 3. ____________________

4. Tax from recapture of business income tax credits. See Form 44, Part II, for a complete list ............ 4. ____________________

5. Total income tax. Add lines 2 through 4 .............................................................................................. 5. ____________________

6. Anticipated income tax credits ............................................................................................................. 6. ____________________

7. Estimated income taxes payable on this year's return. Line 5 minus line 6 ........................................ 7. ____________________

If the amount is less than $500, stop here. You aren't required to make estimated tax payments.

8. Multiply line 7 by 90% .......................................................................................................................... 8. ____________________

9. Idaho total tax less the total of the fuels tax, sales/use tax, tax from recapture of QIE, and

the Reimbursement Incentive Act credit from the 2014 tax return ....................................................... 9. ____________________

10. Estimated tax payments. Multiply the smaller of lines 8 or 9 by 25%. This is the amount of each

estimated tax payment ......................................................................................................................... 10. ____________________

B. EXTENSION OF TIME PAYMENT WORKSHEET

YES

1. Was a tax return filed last year? ........................................................................................................... 1.

2. If yes, enter the total tax less the total of the fuels tax, sales/use tax, tax from recapture

of QIE, and the Reimbursement Incentive Act credit from the 2014 tax return .................................... 2. ____________________

3. Estimated income tax due this year less estimated income tax credits. (Estimated tax due

includes the $20 minimum tax, the $10 permanent building fund tax, and tax from recapture of

business income tax credits.) See instructions ................................................................................... 3. ____________________

4. Multiply line 3 by 80% .......................................................................................................................... 4. ____________________

5. If you answered yes to the question on line 1, enter the lesser of the amount on line 2 or line 4.

If you answered no, enter the amount from line 4 ................................................................................ 5. ____________________

6. Estimated tax payments and tentative payments ................................................................................ 6. ____________________

7. PAYMENT. Line 5 minus line 6. If $50 or less, a payment isn't required ............................................ 7. ____________________

Return the form below ONLY if you're making a payment by check or money order.

Don't return this form if you've made an electronic payment through TAP at tax.idaho.gov

CUT HERE

41ES

ESTIMATED TAX PAYMENT / EXTENSION OF TIME PAYMENT

IDAHO BUSINESS INCOME TAX

EFO00026

09-11-15

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