The document provides instructions for filing Connecticut estimated income tax payments for 2008 using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax minus withholding is $1,000 or more, and withholding is less than their required annual payment.
- The required annual payment is the lesser of 90% of the 2008 Connecticut income tax or 100% of the 2007 tax.
- Estimated payments are due April 15, June 15, September 15, 2008 and January 15, 2009.
- The worksheet provides guidance on calculating estimated tax liability and payment amounts due each installment.
2008 Connecticut CT-1040EZ/Telefile Tax Return and taxman taxman
This document provides instructions for filing estimated income tax payments for the 2009 tax year in Connecticut. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax minus withholding is $1,000 or more and withholding is less than their required annual payment.
- The required annual payment is 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- Estimated payment coupons are due on April 15, June 15, September 15, 2009, and January 15, 2010.
- Taxpayers may owe interest if estimated payments are insufficient by the due dates, even if the total tax is paid by the filing deadline.
This document provides instructions for Form 1-ES, which is used to pay estimated income tax for individuals, estates, and trusts in Wisconsin. It discusses who must pay estimated tax, when payments are due, and how to calculate the amount due. The key points are:
- You must pay estimated tax if you expect to owe at least $200 in tax and your withholding will be less than 90% of the current year's tax or 100% of the prior year's tax.
- Estimated tax payments are generally due on April 15, June 16, September 15, and January 16 of the following year. Special rules apply to farmers, fishers, and fiscal year filers.
- To calculate your
- This document provides instructions for Illinois Form IL-2210, which is used to calculate penalties for failing to make timely estimated tax payments, failing to pay taxes owed by the due date, or failing to file a processable tax return by the extended due date.
- The instructions explain how to complete the six steps of Form IL-2210, including calculating required estimated tax installments, unpaid tax amounts, late payment penalties, and penalties for underpayment of estimated tax or late filing.
- Key details include penalty rates, rules for applying payments and credits, and options for using an annualized income method to potentially reduce penalty amounts for taxpayers with fluctuating incomes throughout the year.
740-ES Instructions for Filing Estimated Tax Vouchers - Form 42A740-S4taxman taxman
1) This document provides instructions for filing estimated tax vouchers in Kentucky for 2009. It notes that the standard deduction has increased to $2,190 and who must make estimated tax payments. 2) Estimated tax payments are due April 15, June 15, September 15, 2009 and January 15, 2010. Failure to pay at least 70% of the tax liability may result in penalties. 3) It provides details on calculating estimated taxes, including the family size tax credit and tax rates. Farmers have different filing requirements.
2008 Estimated Individual Income Tax Voucherstaxman taxman
This document provides instructions for Mississippi's estimated individual income tax form for 2008. It outlines who must file estimated tax payments, when payments are due, personal exemptions and deductions allowed, and tax rates. Payments must be made in four equal installments by April 15, June 15, September 15, and January 15, unless an exception applies. The form includes a taxpayer's mailing information and the amount of the estimated tax payment being submitted.
The document is a tax prepayment coupon from the Utah State Tax Commission that provides instructions for making prepayments on individual income tax liability. It explains that prepayments may be necessary if an individual's tax withholding is less than 90% of their current tax liability or 100% of the prior year's liability. It provides a worksheet to calculate the required prepayment amount and notes that interest and penalties may apply if sufficient payments are not made by the filing deadline. The coupon should be sent with payment to the Utah State Tax Commission by the filing due date.
Schedule of Ad Valorem Tax Credit Claimed by Manufacturerstaxman taxman
This document provides information about filing a Declaration of Estimated Tax for Individuals in Louisiana. Some key points:
1) Individuals must make a declaration if their estimated Louisiana income tax after credits and withholding will exceed $1,000 ($2,000 for joint filers).
2) Declarations are generally due on April 15th, June 15th, September 15th, and January 15th. Farmers have until January 15th.
3) Payments can be made in full or in equal installments. Failure to pay at least 90% of the tax owed (66.6% for farmers) may result in penalties.
3) Amended declarations are needed if additional
1. The document discusses accounting for income taxes and defines key concepts like temporary differences, deferred tax assets and liabilities, valuation allowances, and the asset-liability method.
2. It provides examples of temporary differences that result in future taxable or deductible amounts and discusses the treatment of permanent differences.
3. The presentation of income taxes in financial statements is also summarized, including how deferred tax amounts are classified and reported in the balance sheet and income statement.
2008 Connecticut CT-1040EZ/Telefile Tax Return and taxman taxman
This document provides instructions for filing estimated income tax payments for the 2009 tax year in Connecticut. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax minus withholding is $1,000 or more and withholding is less than their required annual payment.
- The required annual payment is 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- Estimated payment coupons are due on April 15, June 15, September 15, 2009, and January 15, 2010.
- Taxpayers may owe interest if estimated payments are insufficient by the due dates, even if the total tax is paid by the filing deadline.
This document provides instructions for Form 1-ES, which is used to pay estimated income tax for individuals, estates, and trusts in Wisconsin. It discusses who must pay estimated tax, when payments are due, and how to calculate the amount due. The key points are:
- You must pay estimated tax if you expect to owe at least $200 in tax and your withholding will be less than 90% of the current year's tax or 100% of the prior year's tax.
- Estimated tax payments are generally due on April 15, June 16, September 15, and January 16 of the following year. Special rules apply to farmers, fishers, and fiscal year filers.
- To calculate your
- This document provides instructions for Illinois Form IL-2210, which is used to calculate penalties for failing to make timely estimated tax payments, failing to pay taxes owed by the due date, or failing to file a processable tax return by the extended due date.
- The instructions explain how to complete the six steps of Form IL-2210, including calculating required estimated tax installments, unpaid tax amounts, late payment penalties, and penalties for underpayment of estimated tax or late filing.
- Key details include penalty rates, rules for applying payments and credits, and options for using an annualized income method to potentially reduce penalty amounts for taxpayers with fluctuating incomes throughout the year.
740-ES Instructions for Filing Estimated Tax Vouchers - Form 42A740-S4taxman taxman
1) This document provides instructions for filing estimated tax vouchers in Kentucky for 2009. It notes that the standard deduction has increased to $2,190 and who must make estimated tax payments. 2) Estimated tax payments are due April 15, June 15, September 15, 2009 and January 15, 2010. Failure to pay at least 70% of the tax liability may result in penalties. 3) It provides details on calculating estimated taxes, including the family size tax credit and tax rates. Farmers have different filing requirements.
2008 Estimated Individual Income Tax Voucherstaxman taxman
This document provides instructions for Mississippi's estimated individual income tax form for 2008. It outlines who must file estimated tax payments, when payments are due, personal exemptions and deductions allowed, and tax rates. Payments must be made in four equal installments by April 15, June 15, September 15, and January 15, unless an exception applies. The form includes a taxpayer's mailing information and the amount of the estimated tax payment being submitted.
The document is a tax prepayment coupon from the Utah State Tax Commission that provides instructions for making prepayments on individual income tax liability. It explains that prepayments may be necessary if an individual's tax withholding is less than 90% of their current tax liability or 100% of the prior year's liability. It provides a worksheet to calculate the required prepayment amount and notes that interest and penalties may apply if sufficient payments are not made by the filing deadline. The coupon should be sent with payment to the Utah State Tax Commission by the filing due date.
Schedule of Ad Valorem Tax Credit Claimed by Manufacturerstaxman taxman
This document provides information about filing a Declaration of Estimated Tax for Individuals in Louisiana. Some key points:
1) Individuals must make a declaration if their estimated Louisiana income tax after credits and withholding will exceed $1,000 ($2,000 for joint filers).
2) Declarations are generally due on April 15th, June 15th, September 15th, and January 15th. Farmers have until January 15th.
3) Payments can be made in full or in equal installments. Failure to pay at least 90% of the tax owed (66.6% for farmers) may result in penalties.
3) Amended declarations are needed if additional
1. The document discusses accounting for income taxes and defines key concepts like temporary differences, deferred tax assets and liabilities, valuation allowances, and the asset-liability method.
2. It provides examples of temporary differences that result in future taxable or deductible amounts and discusses the treatment of permanent differences.
3. The presentation of income taxes in financial statements is also summarized, including how deferred tax amounts are classified and reported in the balance sheet and income statement.
1azdor.gov Forms .. ADOR Forms 40ES%20instructionstaxman taxman
1) The document provides instructions for making estimated income tax payments in Arizona, including who must make payments, how much should be paid, and payment due dates.
2) Payments must total either 90% of the tax due for the current year or 100% of last year's tax. Payments are generally due in four equal installments by April 16, June 15, September 17, and January 15.
3) Exceptions to the four payment rule include filing by January 31 and paying in full, being a farmer/fisherman, or being a nonresident alien.
2009 Estimated Individual Income Tax Voucherstaxman taxman
This document provides instructions for filing estimated individual income tax payments in Mississippi for 2009. It outlines who must file estimated payments, when payments are due (in four equal installments on April 15, June 15, September 15, and January 15), and exceptions. It also lists personal exemptions, optional standard deductions, and tax rates that can be used to calculate estimated taxes. The mailing checklist provides details on how to submit estimate payments by mail.
revenue.ne.gov tax current f_1040nes_2008taxman taxman
The document provides instructions and payment vouchers for making 2008 Nebraska estimated income tax payments. It notes tax law changes from 2007 and emphasizes the need to make adequate and timely estimated payments to avoid penalties. It includes a worksheet to calculate estimated tax amounts due and instructions for completing the payment vouchers to submit estimated tax payments.
revenue.ne.gov tax current f_1040nes_2008taxman taxman
The document provides instructions and payment vouchers for making 2008 Nebraska estimated income tax payments. It notes tax law changes from 2007 and emphasizes the need to make adequate and timely estimated payments to avoid penalties. It includes a worksheet to calculate estimated tax amounts due and instructions for completing the payment vouchers to submit estimated tax payments.
Fiduciary Income Tax Return Instructionstaxman taxman
This document provides instructions for completing Mississippi's Form 81-110, the fiduciary income tax return for estates and trusts. It explains that estates and trusts generally follow federal tax rules, with some exceptions. It defines resident and nonresident estates and trusts, and outlines filing requirements. The fiduciary must file if the estate or trust had any taxable income from Mississippi sources for nonresidents. Line-by-line instructions are provided for completing the two-page tax return and attached Schedule K-1.
The document provides a summary of major taxes for individuals moving or living in South Carolina, including income tax, property tax, sales tax, and other taxes. It outlines tax rates and brackets, deductions, credits, exemptions, and requirements for filing returns. Key points covered are South Carolina's simplified income tax structure following federal law, various deductions for retirement income, capital gains, tuition costs, and more.
2009 Estimated Income Tax Payments for Individualstaxman taxman
Illinois taxpayers may be required to make estimated income tax payments if they expect their tax liability to exceed $500. Payments are due on April 15, June 15, September 15, and January 15. Failure to make required payments may result in late penalties. Farmers are not required to make estimated payments.
tax.utah.gov forms current tc tc-41insttaxman taxman
This document provides instructions for completing the 2008 Utah Fiduciary Income Tax Return (Form TC-41). It outlines who must file, when and where to file, tax periods and accounting methods, and how to amend a return. It also provides definitions and instructions for specific lines on the tax return form.
tax.utah.gov forms current tc tc-546-2009taxman taxman
1. The document provides instructions for making prepayment of individual income taxes in Utah prior to the tax return due date.
2. It notes that prepayments may not be necessary if sufficient taxes were withheld, and provides a worksheet to calculate if prepayment is required.
3. The summary also states that taxpayers have an automatic 6-month extension to file their return but not to pay taxes owed, and that penalties will be assessed if the minimum tax payment is not made by the original due date.
This chapter from the textbook Intermediate Accounting discusses accounting for income taxes. It covers differences between pre-tax financial income and taxable income, temporary and permanent differences that result in future taxable or deductible amounts, deferred tax assets and liabilities, applying tax rates, net operating losses, and the asset-liability method for income tax accounting. The chapter is prepared by Jep Robertson and Renae Clark of New Mexico State University.
FTB Publication 1100 Taxation of NonResidentstaxhowto
This document from the California Franchise Tax Board provides information about how California taxes nonresidents and individuals who change residency. It outlines California's present tax computation method, which calculates tax liability by multiplying California taxable income by an effective tax rate. The document also discusses how installment sales are taxed depending on whether the individual has always been a nonresident, changes residency to California, or changes residency from California.
This document provides instructions for filing estimated tax declaration vouchers and making estimated tax payments for the 2008 tax year in Arkansas. Key details include:
- Taxpayers expecting to owe more than $1,000 in taxes must file a Declaration of Estimated Tax (Voucher 1) by April 15th for calendar year filers or by the 15th day of the 4th month of the fiscal year.
- The declaration estimates the taxpayer's income, deductions, credits and total tax for the year. Quarterly payments equaling at least 90% of the total tax must be made to avoid penalties for underestimating.
- Instructions are provided for completing the estimated tax worksheet to calculate the amount due, filling out
- The document provides instructions for filing an amended Illinois individual income tax return using Form IL-1040-X.
- It explains when an amended return should be filed, such as due to a change made on the federal return or an adjustment by the IRS.
- Detailed guidance is given on determining the filing deadline based on whether the change was state-only or resulted from federal adjustments. Supporting documentation that must be attached is also outlined.
This document is a payment agreement request form for the Utah State Tax Commission. It allows taxpayers to request a monthly payment plan if they cannot pay the full amount owed on their individual income tax return. Taxpayers provide personal information and details of the requested payment plan such as the monthly payment amount and due date. The form instructions explain how to complete the form and the requirements of the payment agreement if approved.
1. This document provides instructions for making Arizona estimated income tax payments for 2002. It explains who must make estimated payments, how to calculate payment amounts, and payment due dates.
2. Taxpayers who had Arizona gross income over $150,000 ($75,000 for individuals) in 2001 must make estimated payments in 2002 unless their 2002 income will be lower. Payments are due in four equal installments by April 15, June 17, September 16, and January 15 of the following year.
3. Farmers, fishermen, and nonresident aliens have alternative estimated payment schedules with fewer required installments. Voluntary payments can also be made by those not otherwise required to pay estimated taxes.
The document discusses various taxes in accounting including income tax, sales tax, and value-added tax (VAT). It provides details on income tax slabs for salaried individuals, how to maintain income tax withholding on goods and services, the liability and rates of sales tax, and defines VAT. The key information covered includes different categories of taxpayers for income tax, the responsibilities of withholding agents to deduct and deposit taxes, and the requirements for registered entities to file tax returns and maintain records.
This document provides instructions for filing Connecticut estimated income tax payments for the 2009 tax year using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax will be $1,000 or more more than taxes withheld.
- Payments are due on April 15, June 15, September 15 of 2009 and January 15 of 2010.
- The required annual payment is the lesser of 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- A worksheet is provided to calculate the estimated tax liability and required installment payments. Farmers and fishermen need only make one payment by January 15, 2010.
2009 Estimated Connecticut Income Tax Payment Coupon for Individuals [taxman taxman
This document provides instructions for filing Connecticut estimated income tax payments for the 2009 tax year using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax will be $1,000 or more more than taxes withheld.
- Payments are due on April 15, June 15, September 15 of 2009 and January 15 of 2010.
- The required annual payment is the lesser of 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- A worksheet is provided to calculate the estimated tax liability and required installment payments. It takes into account items like modifications, credits, and alternative minimum tax.
This document provides instructions for California taxpayers to estimate their tax liability and make estimated tax payments for tax year 2009. Key details include:
- Taxpayers must make estimated payments if they expect to owe $500 or more in tax for 2009 after subtracting withholding and credits.
- Payments are due April 15, June 15, September 15 of 2009, and January 15 of 2010.
- A worksheet is provided to help calculate estimated tax liability based on 2008 tax return or expected 2009 income.
- Failure to make required estimated payments may result in penalties. Electronic payment is required for payments over $20,000.
gov revenue formsandresources forms EXT FID 08 fill-intaxman taxman
This document provides instructions and a worksheet for estates and trusts to calculate their 2008 Montana income tax extension payment. Key details:
- Estates and trusts now have a 5-month automatic extension to file their Montana return instead of 6 months.
- To receive an extension, the taxpayer must have applied for a federal extension and paid 90% of the current year or 100% of the prior year's Montana tax liability by April 15.
- The extension is for filing only, not payment. Late payment penalties and interest apply if the full tax owed is not paid by the deadline.
- The worksheet calculates the minimum payment needed to avoid penalties by comparing the prior and current year tax liabilities to payments and
AR1000ES - Estimated Income Tax Vouchers & Instructions for 2008taxman taxman
This document provides instructions and estimated tax declaration vouchers for Arkansas taxpayers for tax year 2008. It explains that taxpayers must file a declaration of estimated tax if they expect to owe more than $1,000. It details when vouchers and payments are due, how to calculate estimated tax, and where to file. Failure to pay at least 90% of taxes owed may result in penalties. The vouchers allow taxpayers to make estimated tax payments in installments.
This 3 sentence summary provides the essential information from the document:
The document provides instructions for completing Schedule OS to claim a credit for net income tax paid to another state. It explains who is eligible for the credit and how to calculate the credit amount based on income and taxes paid to the other state. The instructions include details on reporting income and tax amounts for different filing situations, such as composite returns filed by partnerships.
1azdor.gov Forms .. ADOR Forms 40ES%20instructionstaxman taxman
1) The document provides instructions for making estimated income tax payments in Arizona, including who must make payments, how much should be paid, and payment due dates.
2) Payments must total either 90% of the tax due for the current year or 100% of last year's tax. Payments are generally due in four equal installments by April 16, June 15, September 17, and January 15.
3) Exceptions to the four payment rule include filing by January 31 and paying in full, being a farmer/fisherman, or being a nonresident alien.
2009 Estimated Individual Income Tax Voucherstaxman taxman
This document provides instructions for filing estimated individual income tax payments in Mississippi for 2009. It outlines who must file estimated payments, when payments are due (in four equal installments on April 15, June 15, September 15, and January 15), and exceptions. It also lists personal exemptions, optional standard deductions, and tax rates that can be used to calculate estimated taxes. The mailing checklist provides details on how to submit estimate payments by mail.
revenue.ne.gov tax current f_1040nes_2008taxman taxman
The document provides instructions and payment vouchers for making 2008 Nebraska estimated income tax payments. It notes tax law changes from 2007 and emphasizes the need to make adequate and timely estimated payments to avoid penalties. It includes a worksheet to calculate estimated tax amounts due and instructions for completing the payment vouchers to submit estimated tax payments.
revenue.ne.gov tax current f_1040nes_2008taxman taxman
The document provides instructions and payment vouchers for making 2008 Nebraska estimated income tax payments. It notes tax law changes from 2007 and emphasizes the need to make adequate and timely estimated payments to avoid penalties. It includes a worksheet to calculate estimated tax amounts due and instructions for completing the payment vouchers to submit estimated tax payments.
Fiduciary Income Tax Return Instructionstaxman taxman
This document provides instructions for completing Mississippi's Form 81-110, the fiduciary income tax return for estates and trusts. It explains that estates and trusts generally follow federal tax rules, with some exceptions. It defines resident and nonresident estates and trusts, and outlines filing requirements. The fiduciary must file if the estate or trust had any taxable income from Mississippi sources for nonresidents. Line-by-line instructions are provided for completing the two-page tax return and attached Schedule K-1.
The document provides a summary of major taxes for individuals moving or living in South Carolina, including income tax, property tax, sales tax, and other taxes. It outlines tax rates and brackets, deductions, credits, exemptions, and requirements for filing returns. Key points covered are South Carolina's simplified income tax structure following federal law, various deductions for retirement income, capital gains, tuition costs, and more.
2009 Estimated Income Tax Payments for Individualstaxman taxman
Illinois taxpayers may be required to make estimated income tax payments if they expect their tax liability to exceed $500. Payments are due on April 15, June 15, September 15, and January 15. Failure to make required payments may result in late penalties. Farmers are not required to make estimated payments.
tax.utah.gov forms current tc tc-41insttaxman taxman
This document provides instructions for completing the 2008 Utah Fiduciary Income Tax Return (Form TC-41). It outlines who must file, when and where to file, tax periods and accounting methods, and how to amend a return. It also provides definitions and instructions for specific lines on the tax return form.
tax.utah.gov forms current tc tc-546-2009taxman taxman
1. The document provides instructions for making prepayment of individual income taxes in Utah prior to the tax return due date.
2. It notes that prepayments may not be necessary if sufficient taxes were withheld, and provides a worksheet to calculate if prepayment is required.
3. The summary also states that taxpayers have an automatic 6-month extension to file their return but not to pay taxes owed, and that penalties will be assessed if the minimum tax payment is not made by the original due date.
This chapter from the textbook Intermediate Accounting discusses accounting for income taxes. It covers differences between pre-tax financial income and taxable income, temporary and permanent differences that result in future taxable or deductible amounts, deferred tax assets and liabilities, applying tax rates, net operating losses, and the asset-liability method for income tax accounting. The chapter is prepared by Jep Robertson and Renae Clark of New Mexico State University.
FTB Publication 1100 Taxation of NonResidentstaxhowto
This document from the California Franchise Tax Board provides information about how California taxes nonresidents and individuals who change residency. It outlines California's present tax computation method, which calculates tax liability by multiplying California taxable income by an effective tax rate. The document also discusses how installment sales are taxed depending on whether the individual has always been a nonresident, changes residency to California, or changes residency from California.
This document provides instructions for filing estimated tax declaration vouchers and making estimated tax payments for the 2008 tax year in Arkansas. Key details include:
- Taxpayers expecting to owe more than $1,000 in taxes must file a Declaration of Estimated Tax (Voucher 1) by April 15th for calendar year filers or by the 15th day of the 4th month of the fiscal year.
- The declaration estimates the taxpayer's income, deductions, credits and total tax for the year. Quarterly payments equaling at least 90% of the total tax must be made to avoid penalties for underestimating.
- Instructions are provided for completing the estimated tax worksheet to calculate the amount due, filling out
- The document provides instructions for filing an amended Illinois individual income tax return using Form IL-1040-X.
- It explains when an amended return should be filed, such as due to a change made on the federal return or an adjustment by the IRS.
- Detailed guidance is given on determining the filing deadline based on whether the change was state-only or resulted from federal adjustments. Supporting documentation that must be attached is also outlined.
This document is a payment agreement request form for the Utah State Tax Commission. It allows taxpayers to request a monthly payment plan if they cannot pay the full amount owed on their individual income tax return. Taxpayers provide personal information and details of the requested payment plan such as the monthly payment amount and due date. The form instructions explain how to complete the form and the requirements of the payment agreement if approved.
1. This document provides instructions for making Arizona estimated income tax payments for 2002. It explains who must make estimated payments, how to calculate payment amounts, and payment due dates.
2. Taxpayers who had Arizona gross income over $150,000 ($75,000 for individuals) in 2001 must make estimated payments in 2002 unless their 2002 income will be lower. Payments are due in four equal installments by April 15, June 17, September 16, and January 15 of the following year.
3. Farmers, fishermen, and nonresident aliens have alternative estimated payment schedules with fewer required installments. Voluntary payments can also be made by those not otherwise required to pay estimated taxes.
The document discusses various taxes in accounting including income tax, sales tax, and value-added tax (VAT). It provides details on income tax slabs for salaried individuals, how to maintain income tax withholding on goods and services, the liability and rates of sales tax, and defines VAT. The key information covered includes different categories of taxpayers for income tax, the responsibilities of withholding agents to deduct and deposit taxes, and the requirements for registered entities to file tax returns and maintain records.
This document provides instructions for filing Connecticut estimated income tax payments for the 2009 tax year using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax will be $1,000 or more more than taxes withheld.
- Payments are due on April 15, June 15, September 15 of 2009 and January 15 of 2010.
- The required annual payment is the lesser of 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- A worksheet is provided to calculate the estimated tax liability and required installment payments. Farmers and fishermen need only make one payment by January 15, 2010.
2009 Estimated Connecticut Income Tax Payment Coupon for Individuals [taxman taxman
This document provides instructions for filing Connecticut estimated income tax payments for the 2009 tax year using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax will be $1,000 or more more than taxes withheld.
- Payments are due on April 15, June 15, September 15 of 2009 and January 15 of 2010.
- The required annual payment is the lesser of 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- A worksheet is provided to calculate the estimated tax liability and required installment payments. It takes into account items like modifications, credits, and alternative minimum tax.
This document provides instructions for California taxpayers to estimate their tax liability and make estimated tax payments for tax year 2009. Key details include:
- Taxpayers must make estimated payments if they expect to owe $500 or more in tax for 2009 after subtracting withholding and credits.
- Payments are due April 15, June 15, September 15 of 2009, and January 15 of 2010.
- A worksheet is provided to help calculate estimated tax liability based on 2008 tax return or expected 2009 income.
- Failure to make required estimated payments may result in penalties. Electronic payment is required for payments over $20,000.
gov revenue formsandresources forms EXT FID 08 fill-intaxman taxman
This document provides instructions and a worksheet for estates and trusts to calculate their 2008 Montana income tax extension payment. Key details:
- Estates and trusts now have a 5-month automatic extension to file their Montana return instead of 6 months.
- To receive an extension, the taxpayer must have applied for a federal extension and paid 90% of the current year or 100% of the prior year's Montana tax liability by April 15.
- The extension is for filing only, not payment. Late payment penalties and interest apply if the full tax owed is not paid by the deadline.
- The worksheet calculates the minimum payment needed to avoid penalties by comparing the prior and current year tax liabilities to payments and
AR1000ES - Estimated Income Tax Vouchers & Instructions for 2008taxman taxman
This document provides instructions and estimated tax declaration vouchers for Arkansas taxpayers for tax year 2008. It explains that taxpayers must file a declaration of estimated tax if they expect to owe more than $1,000. It details when vouchers and payments are due, how to calculate estimated tax, and where to file. Failure to pay at least 90% of taxes owed may result in penalties. The vouchers allow taxpayers to make estimated tax payments in installments.
This 3 sentence summary provides the essential information from the document:
The document provides instructions for completing Schedule OS to claim a credit for net income tax paid to another state. It explains who is eligible for the credit and how to calculate the credit amount based on income and taxes paid to the other state. The instructions include details on reporting income and tax amounts for different filing situations, such as composite returns filed by partnerships.
revenue.ne.gov tax current f_1040nes_2009taxman taxman
The document provides instructions for making estimated income tax payments in Nebraska for 2009. It notes that estimated payments are required if an individual's Nebraska income tax is expected to exceed withholding and credits by $500 or more. It instructs taxpayers on how to calculate their estimated tax, when payments are due, and penalties for underpayment. The document includes worksheets, payment vouchers, and information on electronic payment options.
revenue.ne.gov tax current f_1040nes_2009taxman taxman
The document provides instructions for making estimated income tax payments in Nebraska for 2009. It notes that estimated payments are required if an individual's Nebraska income tax is expected to exceed withholding and credits by $500 or more. It instructs taxpayers on how to calculate their estimated tax, when payments are due, and penalties for underpayment. It also provides options for electronic payment of estimated taxes by EFT or credit card.
revenue.ne.gov tax current f_1040nes_2009taxman taxman
The document provides instructions for making estimated income tax payments in Nebraska for 2009. It notes that estimated payments are required if an individual's Nebraska income tax is expected to exceed withholding and credits by $500 or more. It instructs taxpayers on how to calculate their estimated tax, when payments are due, and penalties for underpayment. The document includes worksheets, payment vouchers, and information on electronic payment options.
The document discusses key aspects of income tax administration in India, including the requirement for taxpayers to file an annual return of income by November 30 each year. It notes certain income sources that do not require filing, and penalties for failing to file. It also outlines important details like opening a tax file, information to disclose in the return, payment of quarterly tax installments, penalties for late payment, and the assessment process.
revenue.ne.gov tax current f_1120n_insttaxman taxman
This document provides instructions for completing Nebraska's 2008 Corporation Income Tax return. It outlines who must file, when and where to file, income subject to Nebraska taxation, payment options including electronic funds transfer and credit cards, penalties, accounting methods, and other tax credits and deductions. Key reminders include no longer having to add back bonus depreciation and enhanced Section 179 deductions to Nebraska income and being able to reclaim portions of previous add-backs.
This document provides instructions for completing Wisconsin Schedule U to determine if a taxpayer owes interest for underpaying their estimated taxes. It outlines who must pay underpayment interest, exceptions where interest does not apply, how to calculate the required annual payment, and options for the short method or applying for a waiver of underpayment interest. Key details include calculating 90% of the current year tax or 100% of the prior year tax as the required annual payment amount and listing exception codes and circumstances for when interest does not apply or a waiver can be requested.
This document provides an overview of Canada's tax system. It discusses that personal and corporate income taxes are the main sources of revenue for the federal and provincial governments. It outlines how personal income tax is calculated, including tax brackets and credits. It also summarizes how corporate income tax works and how the taxes on corporate and personal income are integrated. Provincial/territorial tax systems are also addressed.
This document provides training information for volunteers preparing tax returns. It discusses the clients served, which include individuals with household income under $25,000 and families under $50,000. It also outlines how to start a new return in the TaxWise software, how to enter information on the main information sheet, how to determine filing status and exemptions, and tests for dependency exemptions.
IN-152 - Underpayment of 2007 Estimated Individual Income Tax taxman taxman
This document contains instructions and payment vouchers for making estimated income tax payments to Vermont for tax year 2008. Taxpayers who expect to owe more than $500 after withholding and credits are required to make estimated payments. Payments are due on April 15, June 15, September 15 of 2008 and January 15, 2009. The document provides worksheets to help estimate tax liability and record payments made. It also includes the 2008 preliminary Vermont income tax rates schedules.
The document summarizes several key provisions and tax law changes from the American Recovery and Reinvestment Act of 2009. It discusses increases to tax credits such as the earned income tax credit and additional child tax credit. It also covers education-related changes like expansions to the Hope and Lifetime Learning credits. New tax deductions and exclusions are introduced for unemployment benefits, state sales tax on vehicle purchases, and up to $8,000 for first-time homebuyers in 2009.
The document summarizes several key provisions and tax law changes from the American Recovery and Reinvestment Act of 2009. It discusses increases to tax credits such as the earned income tax credit and additional child tax credit. It also covers education-related changes like expansions to the Hope and Lifetime Learning credits. New tax deductions and exclusions are introduced for unemployment benefits, state sales tax on vehicle purchases, and up to $8,000 for first-time homebuyers in 2009.
This document provides tax planning tables and guidelines for the 2010 tax year. It includes information such as income tax rates for different filing statuses, standard deduction amounts, exemptions, education tax credits, capital gains tax rates, and guidelines for retirement planning and debt management. Key deadlines are listed for making tax-related contributions and transactions by January, March, April, June, September, October, November, and December of 2010. The tables also provide estimated costs for public and private college education on an annual basis.
Nonresident Composite Return and Schedules A, B and Ctaxman taxman
This document provides instructions for completing a 2008 New Jersey composite tax return (Form NJ-1080C) on behalf of qualified nonresident individuals. It explains that a composite return allows certain types of entities to file a single return and pay tax on behalf of eligible nonresident members. It provides details on who can participate, how to determine tax rates and schedules for participants with income under and over $250,000, required attachments, and other procedures for completing and filing the composite return.
This document is an application for a California homebuyer's tax credit. It contains sections for the seller to certify that the home has never been occupied, as well as sections for the escrow company to provide closing details. Finally, there are sections for up to three qualified buyers to provide their contact and ownership information and certify that they intend to use the home as their primary residence for at least two years. The buyers will receive a tax credit of up to 5% of the home's purchase price or $10,000, whichever is less.
This document contains Forms 593-C and 593-E and instructions for real estate withholding in California for 2009. It explains that real estate withholding is a prepayment of estimated income tax due from gains on real estate sales in California. The Real Estate Escrow Person is responsible for providing the forms to sellers and withholding the appropriate amount based on the forms submitted.
This document provides instructions for completing Form 593-V Payment Voucher for Real Estate Withholding Electronic Submission. Key details include:
1) Form 593-V is used to remit real estate withholding payment to the Franchise Tax Board if Form 593 was filed electronically. It must include the withholding agent's identifying information and payment amount.
2) Payments can be made by check or money order payable to the Franchise Tax Board, or through electronic funds transfer for large payments. The payment must match the electronically filed Form 593.
3) Payments are due within 20 days of the end of the month in which the real estate transaction occurred. Interest and penalties
This document provides instructions for California real estate withholding on installment sales. It explains that for tax years beginning on or after January 1, 2009, the buyer is required to withhold taxes on the principal portion of each installment payment for properties sold via an installment sale. The form guides the buyer through providing their contact information, the seller's information, acknowledging the withholding requirement, and signing to indicate they understand their obligation to withhold taxes and send payments to the state. Escrow agents are instructed to send the initial withholding amount to the state and provide copies of documents to help facilitate ongoing withholding as future installment payments are made.
This document is a California Form 593-C, which is a Real Estate Withholding Certificate. It allows a seller of California real estate to certify exemptions from real estate withholding requirements. The form has four parts: seller information, certifications that fully exempt from withholding, certifications that may partially or fully exempt, and the seller's signature. Checking boxes in Part II or III can allow full or partial exemption from the default 3 1/3% withholding on the sales price of California real estate.
This document is a California Form 593 for real estate withholding tax. It contains information about the withholding agent, seller or transferor, escrow or exchange details, and transaction details. The form requires the seller to sign a perjury statement if electing an optional gain on sale calculation method rather than the default 3 1/3% of total sales price withholding amount.
This document provides instructions for completing Form 592-V, the payment voucher for electronically filed Form 592 (Quarterly Resident and Nonresident Withholding Statement) and Form 592-F (Foreign Partner or Member Annual Return). Key details include verifying complete information is provided on the voucher, rounding cents to dollars, mailing the payment and voucher to the Franchise Tax Board by the payment due date, and interest and penalties for late payments.
This document is a California Form 592-B for the tax year 2009. It provides instructions for withholding agents and recipients regarding nonresident and resident withholding. Key details include:
- Form 592-B is used to report income subject to withholding and the amount of California tax withheld.
- It must be provided to recipients by January 31 and to foreign partners by the 15th day of the 4th month following the close of the taxable year.
- The recipient should attach Copy B to their California tax return to claim the withholding amount.
This document is a Foreign Partner or Member Quarterly Withholding Remittance Statement form for tax year 2009 from the California Franchise Tax Board. It contains instructions for three installment payments due by the 15th day of the 4th, 6th, and 9th months of the tax year. The form collects identifying information about the Withholding Agent such as name, address, ID number, and payment amounts to be remitted to the Franchise Tax Board.
This document is a Quarterly Resident and Nonresident Withholding Statement form for tax year 2009. It is used to report tax amounts withheld from payments made to independent contractors, recipients of rents/royalties, distributions to shareholders/partners/beneficiaries, and other types of income. The form includes sections to enter information about the withholding agent, types of income, amounts of tax withheld and due, and a schedule of payees listing details of payments made and tax withheld for each recipient. Instructions are provided on filing deadlines, common errors to avoid, electronic filing requirements, interest and penalties.
This document is a Nonresident Withholding Exemption Certificate form used to certify an exemption from withholding on distributions of previously reported income from an S corporation, partnership, or LLC. It allows a nonresident shareholder, partner, or member to claim exemption if the income represented by the distribution was already reported on their California tax return. The form requires information about the entity and individual, and certification that the income has been reported. It is to be kept by the entity and presented to claim exemption from withholding requirements on distributions of prior year income.
This document is a Withholding Exemption Certificate form from the California Franchise Tax Board. It allows individuals and entities to certify an exemption from California nonresident income tax withholding. The form contains checkboxes for different types of taxpayers, including individuals, corporations, partnerships, LLCs, tax-exempt entities, and trusts, to claim an exemption based on their status. It requires the taxpayer's name, address, and signature to certify that the information provided is true and correct.
This document is a request form for a waiver of nonresident withholding in California. It requests information about the requester, withholding agent, and payees. The requester provides their name and address and selects the type of income payment for which a waiver is requested. The withholding agent's name and address are also provided. In the vendor/payee section, names, addresses, and tax identification numbers are listed along with the reason for waiver request. Reasons include having current tax returns on file, making estimated payments, being a member of a combined reporting entity, or other special circumstances. The form is signed under penalty of perjury.
This document is a Nonresident Withholding Allocation Worksheet (Form 587) used to determine if withholding of income tax is required for payments made by a withholding agent to a nonresident vendor/payee. The vendor/payee provides information about the types of payments received and allocation of income between California and other states. The withholding agent uses this information to determine if withholding of 7% is required based on the amount of California-source income payments exceeding $1,500.
This document is a tax return form for California's nonadmitted insurance tax. It provides instructions for calculating taxes owed on insurance premiums paid to insurers not authorized to conduct business in California. The form includes sections to enter the taxpayer's information, identify the tax period and insurance contracts, compute the tax amount, and make payments or claim refunds. It also provides directions on filing amended returns, payment due dates, and authorizing a third party to discuss the filing with the tax agency.
The document provides instructions for Form 541-ES, which is used to calculate and pay estimated tax for estates and trusts. Key details include:
- Estimated tax payments for 2009 are now required to be 30% of the estimated tax liability for the 1st and 2nd installments and 20% for the 3rd and 4th installments.
- Estates and trusts with a 2009 adjusted gross income of $1,000,000 or more must base estimated tax payments on their 2009 tax liability rather than the prior year's tax.
- The form and instructions provide guidance on calculating estimated tax, payment due dates, and how to complete and submit Form 541-ES.
This document provides instructions for making estimated tax payments for individuals in California. It includes:
1) Directions for making online payments through the Franchise Tax Board website for ease and to schedule payments up to a year in advance.
2) A form for making estimated tax payments by mail on April 15, June 15, September 15, and January 15 that includes fields for name, address, amounts owed, and payment instructions.
3) Reminders not to combine estimated tax payments with tax payments from the previous year and to write your name and identification number on the check.
This document contains contact information for the California Franchise Tax Board. It lists phone numbers and addresses for various tax-related services, including automated phone services, taxpayer assistance, tax practitioner services, and departments within the FTB that handle issues like collections, bankruptcy, and deductions. The board members and executive officer are also named.
This document provides answers to frequently asked questions about tax audits conducted by the Franchise Tax Board of California. It explains that the purpose of an audit is to fairly verify the correct amount of taxes owed. It addresses questions about obtaining representation, responding to information requests, payment plans if additional taxes are owed, and appeal rights. The document directs taxpayers to contact their auditor or the Franchise Tax Board directly for additional assistance.
This document is an Oregon Working Family Child Care Credit form for tax year 2005. It contains instructions for calculating an individual's child care credit based on their household size, adjusted gross income, qualifying child care expenses paid, and number of qualifying children. Tables are provided that correspond to different household sizes and income brackets to determine the decimal amount used in the credit calculation formula.
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
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Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
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1. Form CT-1040ES
Department of Revenue Services
State of Connecticut
2008 Estimated Connecticut Income Tax Payment Coupon for Individuals
(Rev. 12/07)
General Instructions How Much Should I Pay: Complete the 2008 Estimated Connecticut
Income Tax Worksheet on Page 2 to calculate your required annual
Who Should File This Coupon: Use this coupon if you are required
payment.
to make estimated income tax payments for the 2008 taxable year
and you do not receive a preprinted coupon package from the Special Rules for Farmers and Fishermen: If you are a farmer or
Department of Revenue Services (DRS). Coupon packages are fisherman (as defined in I.R.C. §6654(i)(2)) who is required to
mailed in mid-January to those who made estimated income tax make estimated income tax payments, you will be required to
payments in the prior year. make only one payment. Your installment is due on or before
January 15, 2009, for the 2008 taxable year. The required installment
Nonresidents and Part-Year Residents: Nonresident individuals is the lesser of 66b% of the income tax shown on your 2008
are subject to Connecticut income tax on their Connecticut source Connecticut income tax return or 100% of the income tax shown on
income. Part-year residents are taxed on all income received while your 2007 Connecticut income tax return. See Informational
a resident of Connecticut and on income received from Connecticut Publication 2006(20), Farmer’s Guide to Sales and Use Taxes, Motor
sources while a nonresident. Connecticut source income Vehicle Fuels Tax, Estimated Income Tax, and Withholding Tax.
includes, but is not limited to, income from a business, profession,
Annualized Income Installment Method: If your income varies
occupation, or trade conducted in this state as well as income from
throughout the year, you may be able to reduce or eliminate the
the rental or sale of real or tangible property located in Connecticut.
amount of your estimated tax payment for one or more periods by
Civil Unions: Effective for taxable years beginning on or after using the annualized income installment method. See Informational
January 1, 2006, parties to a civil union (civil union partners) Publication 2006(25), A Guide to Calculating Your Annualized
Estimated Income Tax Installments and Worksheet CT-1040AES.
recognized under Connecticut law must file their Connecticut
income tax returns as if they were entitled to the same filing status Interest: You may be charged interest if you did not pay enough tax
accorded spouses under the Internal Revenue Code (I.R.C.). This through withholding or estimated payments, or both, by any
means that, for purposes of calculating their Connecticut income tax installment due date. This is true even if you are due a refund when
liability, parties to a civil union must recompute their federal income you file your tax return. Interest is calculated separately for each
tax liability as if their filing status for federal income tax purposes installment. Therefore, you may owe interest for an earlier
were married filing jointly or married filing separately. Parties to a installment even if you paid enough tax later to make up for the
civil union may not calculate their Connecticut income tax liability underpayment. Interest at 1% per month or fraction of a month will
as single, or if applicable, head of household filers (although this be added to the tax due until the earlier of April 15, 2009, or the date
will be their filing status for federal income tax purposes). on which the underpayment is paid.
Who Is Required to Make Estimated Payments: You must make If you file your income tax return for the 2008 taxable year on or before
estimated income tax payments if your Connecticut income tax January 31, 2009, and pay in full the amount computed on the return
(after tax credits) minus Connecticut tax withheld is $1,000 or more, as payable on or before that date, you will not be charged interest for
and you expect your Connecticut income tax withheld to be less failing to make the estimated payment due January 15, 2009.
than your required annual payment for the 2008 taxable year. A farmer or fisherman who files a 2008 Connecticut income tax
return on or before March 1, 2009, and pays in full the amount
Your required annual payment is the lesser of:
computed on the return as payable on or before that date, will not
• 90% of the income tax shown on your 2008 Connecticut income be charged interest for underpayment of estimated tax.
tax return; or
Worksheet Instructions
• 100% of the income tax shown on your 2007 Connecticut income
Line 2: Enter the total of your estimated allowable Connecticut
tax return if you filed a 2007 Connecticut income tax return that
modifications. See instructions for Schedule 1 - Modifications to
covered a 12-month period.
Federal Adjusted Gross Income of Form CT-1040 or Form
You do not have to make estimated income tax payments if: CT-1040NR/PY, for information about allowable modifications.
• You were a Connecticut resident during the 2007 taxable year Social Security Benefit Adjustment: Parties to a civil union
and you did not file a 2007 income tax return because you had recognized under Connecticut law must recompute their federal
no Connecticut income tax liability; or adjusted gross income as if their filing status for federal income
tax purposes were married filing jointly or married filing separately.
• You were a nonresident or part-year resident with Connecticut
source income during the 2007 taxable year and you did not file If your required Connecticut income tax return filing status is single,
a 2007 income tax return because you had no Connecticut married filing separately, or civil union filing separately and you
income tax liability. expect your 2008 federal adjusted gross income will be less than
$50,000, enter as a subtraction the amount of federally taxable
If you were a nonresident or part-year resident and you did not have
Social Security benefits you expect to report on your 2008 federal
Connecticut source income during the 2007 taxable year, then you
Form 1040, Line 20b, or federal Form 1040A, Line 14b. If your
must use 90% of the income tax shown on your 2008 Connecticut
required Connecticut income tax return filing status is married filing
income tax return as your required annual payment.
jointly, civil union filing jointly, qualifying widow(er) with dependent
child, or head of household and you expect your federal adjusted
When to File: Estimated payments for the 2008 taxable year are
gross income will be less than $60,000, enter as a subtraction the
due on or before April 15, June 15, September 15, 2008, and
amount of federally taxable Social Security benefits you expect to
January 15, 2009. Fiscal year filers should follow federal filing dates.
report on your 2008 federal Form 1040, Line 20b, or federal Form
If the due date falls on a Saturday, Sunday, or legal holiday, the next
1040A, Line 14b. If you expect your federal adjusted gross income
business day is the due date. An estimate will be considered timely
will be above the threshold for your filing status, complete the Social
filed if received or if the date shown by the U.S. Postal Service
Security Benefit Adjustment Worksheet on Page 4 and include the
cancellation mark is on or before the due date.
amount from Line F on Line 2.
2. Line 9: If you expect to owe federal alternative minimum tax for the
Line 3: Nonresidents and Part-Year Residents Only: If your
2008 taxable year, you may also owe Connecticut alternative
Connecticut source income is greater than your Connecticut adjusted
minimum tax. Enter your estimated Connecticut alternative
gross income, enter your Connecticut source income on this line.
minimum tax liability. See instructions for Form CT-6251, Connecticut
Line 5: Apportionment Factor: Nonresidents and part-year residents,
Alternative Minimum Tax Return - Individuals.
if your Connecticut source income is greater than or equal to your
Line 11: Enter estimated allowable adjusted net Connecticut minimum
Connecticut adjusted gross income, enter 1.0000. If your Connecticut
tax credit. Enter “0” if you are not entitled to a credit, or if you entered an
source income is less than your Connecticut adjusted gross income,
amount on Line 9. (See instructions for Form CT-8801, Credit for Prior
complete the following calculation and enter the result on Line 5.
Year’s Connecticut Minimum Tax for Individuals, Trusts, and Estates.)
Connecticut Source Income = Line 5
Line 14: If your 2007 Connecticut income tax return covered a
Connecticut Adjusted Gross Income (Line 3)
12-month period, enter 100% of the income tax shown on your return
Do not enter a number that is less than zero or greater than 1. If the
(from Form CT-1040, Line 14; Form CT-1040EZ, Line 6; or Form
result is less than zero, enter “0”; if greater than 1 enter 1.0000.
CT-1040NR/PY, Line 16). If you were a resident during the 2007 taxable
Round to four decimal places.
year and you did not file a 2007 Connecticut income tax return because
Line 7: Residents and Part-Year Residents Only: Enter estimated you had no Connecticut income tax liability, enter “0.” If you were a
allowable credit for income taxes paid to qualifying jurisdictions. nonresident or part-year resident during the 2007 taxable year with
Enter “0”, if not applicable. See instructions for Schedule 2 - Credit Connecticut source income and you did not file a 2007 Connecticut
for Income Taxes Paid to Qualifying Jurisdictions of Form CT-1040 income tax return because you had no Connecticut income tax
or Form CT-1040NR/PY. liability, enter “0.” All other taxpayers must leave Line 14 blank.
2008 Estimated Connecticut Income Tax Worksheet
1. Federal adjusted gross income you expect in the 2008 taxable year from 2008 federal Form 1040ES, 2008 Estimated
Tax Worksheet, Line 1 ......................................................................................................................................................... 1. _______________
2. Allowable Connecticut modifications: Additions or subtractions, see instructions, Page 1. ................................................. 2. _______________
3. Connecticut adjusted gross income: Combine Line 1 and Line 2. ........................................................................................ 3. _______________
Nonresidents and Part-Year Residents: Enter your Connecticut source income if greater than your Connecticut adjusted gross income.
4. Connecticut income tax: Complete the Tax Calculation Schedule below. .......................................................................... 4. _______________
5. Apportionment factor: Connecticut residents enter 1.0000. Nonresidents and part-year residents, see instructions above. ..... 5. _______________
6. Multiply Line 5 by Line 4. ..................................................................................................................................................... 6. _______________
7. Credit for income taxes paid to qualifying jurisdictions: See instructions above. ................................................................. 7. _______________
8. Subtract Line 7 from Line 6. ................................................................................................................................................ 8. _______________
9. Estimated Connecticut Alternative Minimum Tax: See instructions above. ............................................................................ 9. _______________
10. Add Line 8 and Line 9. ...................................................................................................................................................... 10. _______________
11. Adjusted Net Connecticut Minimum Tax Credit: See instructions above. ............................................................................. 11. _______________
12. Total estimated income tax: Subtract Line 11 from Line 10. ............................................................................................... 12. _______________
13. Multiply Line 12 by 90% (66b% for farmers and fishermen). ............................................................................................ 13. _______________
14. Enter 100% of the income tax shown on your 2007 Connecticut income tax return. See instructions above. .................. 14. _______________
15. Enter the lesser of Line 13 or Line 14. If Line 14 is blank, enter the amount from Line 13.
This is your required annual payment. See caution below. ...................................................................................... 15. _______________
Caution: Generally, you may owe interest if you do not prepay (through timely estimates, withholding, or both) the lesser of 100% of the income tax shown
on your 2007 Connecticut income tax return or 90% of the income tax shown on your 2008 Connecticut income tax return. To avoid interest charges, make sure
your estimate is as accurate as possible. You may prefer to pay 100% of the income tax shown on your 2007 Connecticut income tax return.
16. Connecticut income tax withheld or expected to be withheld during the 2008 taxable year .............................................. 16. _______________
17. Subtract Line 16 from Line 15. If zero or less, or if Line 12 minus Line 16 is less than $1,000, no estimated payment is required . 17. _______________
25
18. Installment amount ............................................................................................................................................................. 18. _______________
19. Multiply Line 17 by Line 18. Pay this amount for each installment. ...................................................................................... 19. _______________
Tax Calculation Schedule
1. Enter the amount from Line 3 of the 2008 Estimated Connecticut Income Tax Worksheet. 1.
2. Enter Personal Exemption from Table A, Exemptions, Page 3. 2.
3. Connecticut taxable income: Subtract Line 2 from Line 1. If less than zero, enter “0.” 3.
4. Connecticut income tax from Table B, Connecticut Income Tax, Page 3 4.
5. Enter Decimal Amount from Table C, Personal Tax Credits, Page 3. If zero, enter “0.” 5.
6. Multiply the amount on Line 4 by the decimal amount on Line 5. 6.
7. Connecticut Income Tax: Subtract Line 6 from Line 4. Enter this amount on Line 4,
2008 Estimated Connecticut Income Tax Worksheet, above. 7.
Form CT-1040ES (Rev. 12/07) Page 2 of 4
3. Table A - Exemptions for 2008 Taxable Year
Use the filing status you expect to report on your 2008 tax return and your Connecticut AGI*
(from Tax Calculation Schedule, Line 1) to determine your exemption.
Married Filing Separately
Married Filing Jointly, Civil Union
Head of Household
Single or Civil Union Filing Separately
Filing Jointly, or Qualified Widow(er)
Connecticut AGI* Connecticut AGI* Connecticut AGI* Connecticut AGI*
Less Than Exemption Less Than Exemption Less Than Exemption
Less Than Exemption
More Than More Than More Than More Than
or Equal To or Equal To or Equal To or Equal To
$ 0 $26,000 $ 13,000 $ 0 $48,000 $24,000 $ 0 $24,000 $12,000 $ 0 $38,000 $19,000
$26,000 $27,000 $ 12,000 $48,000 $49,000 $23,000 $24,000 $25,000 $ 11,000 $38,000 $39,000 $18,000
$27,000 $28,000 $ 11,000 $49,000 $50,000 $22,000 $25,000 $26,000 $10,000 $39,000 $40,000 $17,000
$28,000 $29,000 $ 10, 000 $50,000 $51,000 $21,000 $26,000 $27,000 $ 9, 000 $40,000 $41,000 $16,000
$29,000 $30,000 $ 9, 000 $51,000 $52,000 $20,000 $27,000 $28,000 $ 8,000 $41,000 $42,000 $15,000
$30,000 $31,000 $ 8, 000 $52,000 $53,000 $19,000 $28,000 $29,000 $ 7,000 $42,000 $43,000 $14,000
$31,000 $32,000 $ 7, 000 $53,000 $54,000 $18,000 $29,000 $30,000 $ 6,000 $43,000 $44,000 $13,000
$32,000 $33,000 $ 6, 000 $54,000 $55,000 $17,000 $30,000 $31,000 $ 5,000 $44,000 $45,000 $12,000
$33,000 $34,000 $ 5, 000 $55,000 $56,000 $16,000 $31,000 $32,000 $ 4,000 $45,000 $46,000 $11,000
$34,000 $35,000 $ 4, 000 $56,000 $57,000 $15,000 $32,000 $33,000 $ 3,000 $46,000 $47,000 $10,000
$35,000 $36,000 $ 3, 000 $57,000 $58,000 $14,000 $33,000 $34,000 $ 2,000 $47,000 $48,000 $ 9,000
$36,000 $37,000 $ 2, 000 $58,000 $59,000 $13,000 $34,000 $35,000 $ 1,000 $48,000 $49,000 $ 8,000
$37,000 $38,000 $ 1,000 $59,000 $60,000 $12,000 $35,000 and up $ 0 $49,000 $50,000 $ 7,000
$38,000 and up $ 0 $60,000 $61,000 $ 11,000 $50,000 $51,000 $ 6,000
$61,000 $62,000 $10,000 $51,000 $52,000 $ 5,000
$62,000 $63,000 $ 9 , 000 $52,000 $53,000 $ 4,000
$63,000 $64,000 $ 8,00 0 $53,000 $54,000 $ 3,000
$64,000 $65,000 $ 7,000 $54,000 $55,000 $ 2,000
$65,000 $66,000 $ 6,000 $55,000 $56,000 $ 1,000
$66,000 $67,000 $ 5,000 $56,000 and up $ 0
$67,000 $68,000 $ 4,000
$68,000 $69,000 $ 3,000
$69,000 $70,000 $ 2,000
$70,000 $71,000 $ 1,000
$71,000 and up $ 0
Table B - Connecticut Income Tax for 2008 Taxable Year
Married Filing Jointly, Civil Union Filing
Single, Married Filing Separately, Head of Household
Jointly, or Qualifying Widow(er)
or Civil Union Filing Separately
If the amount on Line 3 of the Tax If the amount on Line 3 of the Tax
If the amount on Line 3 of the Tax
Calculation Schedule is: Calculation Schedule is:
Calculation Schedule is:
Less than or equal to $20,000, multiply by .03.
Less than or equal to $10,000, multiply by .03. Less than or equal to $16,000, multiply by .03.
More than $20,000, multiply the excess
More than $10,000, multiply the excess More than $16,000, multiply the excess
over $20,000 by .05 and add $600.
over $10,000 by .05 and add $300. over $16,000 by .05 and add $480.
For example, if the amount on Line 3 is For example, if the amount on Line 3 is
For example, if the amount on Line 3 is
$22,500 enter $725 on Line 4. $20,000 enter $680 on Line 4.
$13,000 enter $450 on Line 4.
$22,500 - $20,000 = $2,500 $20,000 - $16,000 = $4,000
$13,000 - $10,000 = $3,000
$2,500 x .05 = $125
$3,000 x .05 = $150 $4,000 x .05 = $200
$125 + $600 = $725
$150 + $300 = $450 $200 + $480 = $680
Table C - Personal Tax Credits for 2008 Taxable Year
Use the filing status you expect to report on your 2008 tax return and your Connecticut AGI*
(from Tax Calculation Schedule, Line 1) to determine your decimal amount.
Married Filing Separately
Married Filing Jointly, Civil Union
Head of Household
or Civil Union Filing Separately
Single Filing Jointly, or Qualified Widow(er)
Connecticut AGI* Connecticut AGI* Connecticut AGI* Connecticut AGI*
Decimal Decimal Decimal Decimal
Less Than Less Than Less Than Less Than
Amount Amount Amount Amount
More Than More than More Than More Than
or Equal To or Equal To or Equal To or Equal To
$13,000 $16,300 .75 $24,000 $30,000 .75 $12,000 $15,000 .75 $19,000 $24,000 .75
$16,300 $16,800 .70 $30,000 $30,500 .70 $15,000 $15,500 .70 $24,000 $24,500 .70
$16,800 $17,300 .65 $30,500 $31,000 .65 $15,500 $16,000 .65 $24,500 $25,000 .65
$17,300 $17,800 .60 $31,000 $31,500 .60 $16,000 $16,500 .60 $25,000 $25,500 .60
$17,800 $18,300 .55 $31,500 $32,000 .55 $16,500 $17,000 .55 $25,500 $26,000 .55
$18,300 $18,800 .50 $32,000 $32,500 .50 $17,000 $17,500 .50 $26,000 $26,500 .50
$18,800 $19,300 .45 $32,500 $33,000 .45 $17,500 $18,000 .45 $26,500 $27,000 .45
$19,300 $19,800 .40 $33,000 $33,500 .40 $18,000 $18,500 .40 $27,000 $27,500 .40
$19,800 $21,700 .35 $33,500 $40,000 .35 $18,500 $20,000 .35 $27,500 $34,000 .35
$21,700 $22,200 .30 $40,000 $40,500 .30 $20,000 $20,500 .30 $34,000 $34,500 .30
$22,200 $22,700 .25 $40,500 $41,000 .25 $20,500 $21,000 .25 $34,500 $35,000 .25
$22,700 $23,200 .20 $41,000 $41,500 .20 $21,000 $21,500 .20 $35,000 $35,500 .20
$23,200 $27,100 .15 $41,500 $50,000 .15 $21,500 $25,000 .15 $35,500 $44,000 .15
$27,100 $27,600 .14 $50,000 $50,500 .14 $25,000 $25,500 .14 $44,000 $44,500 .14
$27,600 $28,100 .13 $50,500 $51,000 .13 $25,500 $26,000 .13 $44,500 $45,000 .13
$28,100 $28,600 .12 $51,000 $51,500 .12 $26,000 $26,500 .12 $45,000 $45,500 .12
$28,600 $29,100 .11 $51,500 $52,000 .11 $26,500 $27,000 .11 $45,500 $46,000 .11
$29,100 $52,000 .10 $52,000 $96,000 .10 $27,000 $48,000 .10 $46,000 $74,000 .10
$52,000 $52,500 .09 $96,000 $96,500 .09 $48,000 $48,500 .09 $74,000 $74,500 .09
$52,500 $53,000 .08 $96,500 $97,000 .08 $48,500 $49,000 .08 $74,500 $75,000 .08
$53,000 $53,500 .07 $97,000 $97,500 .07 $49,000 $49,500 .07 $75,000 $75,500 .07
$53,500 $54,000 .06 $97,500 $98,000 .06 $49,500 $50,000 .06 $75,500 $76,000 .06
$54,000 $54,500 .05 $98,000 $98,500 .05 $50,000 $50,500 .05 $76,000 $76,500 .05
$54,500 $55,000 .04 $98,500 $99,000 .04 $50,500 $51,000 .04 $76,500 $77,000 .04
$55,000 $55,500 .03 $99,000 $99,500 .03 $51,000 $51,500 .03 $77,000 $77,500 .03
$55,500 $56,000 .02 $99,500 $100 , 000 .02 $51,500 $52,000 .02 $77,500 $78,000 .02
$56,000 $56,500 .01 $100 , 000 $100 ,500 .01 $52,000 $52,500 .01 $78,000 $78,500 .01
$56,500 and up .00 $100 , 500 and up .00 $52,500 and up .00 $78,500 and up .00
* Form CT-1040NR/PY filers must use income from Connecticut sources if it exceeds Connecticut adjusted gross income.
Form CT-1040ES (Rev. 12/07) Page 3 of 4
4. Social Security Benefit Adjustment Worksheet
Enter the amount you expect to enter on Form CT-1040EZ, Form CT-1040, or Form CT-1040NR/PY, Line 1.
If your filing status is single, married filing separately, or civil union filing separately, is the amount on Line 1 $50,000 or more?
Yes: Complete this worksheet.
No: Do not complete this worksheet. Enter the amount of federally taxable Social Security benefits you expect to report on federal
Form 1040, Line 20b, or federal Form 1040A, Line 14b, on the 2008 Estimated Connecticut Income Tax Worksheet, Line 2.
If your filing status is married filing jointly, civil union filing jointly, qualifying widow(er) with dependent child, or head of household,
is the amount on Line 1 $60,000 or more?
Yes: Complete this worksheet.
No: Do not complete this worksheet. Enter the amount of federally taxable Social Security benefits you expect to report on federal
Form 1040, Line 20b, or federal Form 1040A, Line 14b, on the 2008 Estimated Connecticut Income Tax Worksheet, Line 2.
A. Enter the amount you reported on federal Publication 505*, Tax Withholding and Estimated Tax, A.
Worksheet 2.1, Line 1. If Line A is zero or less, stop here. Otherwise, go to Line B.
B. Enter the amount you reported on federal Publication 505*, Tax Withholding and Estimated Tax, B.
Worksheet 2.1, Line 9. If Line B is zero or less, stop here. Otherwise, go to Line C.
C. Enter the lesser of Line A or Line B. C.
D. Multiply Line C by 25% (.25). D.
E. Expected taxable amount of Social Security benefits you reported on federal Publication 505*, E.
Tax Withholding and Estimated Tax, Worksheet 2.1, Line 18.
F. Social Security Benefit Adjustment - Subtract Line D from Line E. Enter the amount here F.
and as a subtraction on the 2008 Estimated Connecticut Income Tax Worksheet, Line 2.
If Line D is greater than or equal to Line E, enter “0.”
* You may obtain federal Publication 505 by calling the IRS at 1-800-829-3676 or by visiting the IRS website at www.irs.gov Parties to a civil
union should complete federal Publication 505, Tax Withholding and Estimated Tax Worksheet 2.1, as if their filing status for federal income tax
purposes were married filing jointly or married filing separately.
Payment Options: You may file and pay your Connecticut estimated taxes electronically using the Taxpayer Service Center (TSC). Visit our website
at www.ct.gov/DRS and click on TSC for more information.
If you filed a 2006 Connecticut income tax return, you may elect to pay your estimated 2008 Connecticut income tax liability using your American Express®
card, Discover ® card, MasterCard® card, or VISA® card. A convenience fee will be charged by the credit card service provider. The fee is 2.49% of
your total tax payment. You will be informed of the amount of the fee and you may elect to cancel the transaction. At the end of the transaction you will
be given a confirmation number for your records.
To Pay by Credit Card:
• Call Official Payments Corporation toll-free at 1-800-2PAY-TAX (1-800-272-9829) and follow the instructions. You will be asked to enter the Connecticut
Jurisdiction Code: 1777; or
• Visit: www.officialpayments.com and select Payment Center.
Do not send in Form CT-1040ES if you make your payment by credit card. Your payment will be effective on the date you make the charge.
To Pay by Mail:
Make your check payable to: Commissioner of Revenue Services. To ensure proper posting of your payment, write your Social Security Number(s)
(optional) and “2008 Form CT-1040ES” on the front of your check. Be sure to sign your check and paper clip it to the front of your coupon. Do not send
cash. DRS may submit your check to your bank electronically.
Completing the Payment Coupon: Complete all required taxpayer identification information. Enter the payment amount on Line 1 of the coupon. In
determining your payment amount, you may subtract from your installment amount any available overpayment of 2007 income tax. If you file this coupon,
preprinted, personalized coupons will be mailed to you for the 2008 taxable year.
. ................................................................................................ Cut Here .........................................................................................
CT-1040ES 2008
Estimated Connecticut Income Tax Payment
Due Date
Your Social Security Number Spouse’s Social Security Number
• • • •
___ ___ ___ • ___ ___ • ___ ___ ___ ___ ___ ___ ___ • ___ ___ • ___ ___ ___ ___
• • • •
• • • •
Your First Name and Middle Initial Last Name
1. Payment Amount 00
Spouse’s First Name and Middle Initial Last Name
Mailing Address (number and street), Apartment Number, PO Box
Send completed coupon and payment to:
Department of Revenue Services
City, Town, or Post Office State ZIP Code
PO Box 2932
Hartford CT 06104-2932
• Do not file this coupon if no payment is due or if you pay by credit card.
See Payment Options above.
• Pay total amount shown on Line 1.
• Print all information. Include your spouse’s SSN, if filing jointly.
• Cut along dotted line and mail coupon and payment to the address printed on the coupon.
• Make your check payable to the Commissioner of Revenue Services.
• To ensure proper posting, write your SSN(s) (optional) and “2008 Form CT-1040ES” on your check.
Form CT-1040ES (Rev. 12/07) Page 4 of 4