Form Es 40 PDF Details

The ES 40 form, a crucial document facilitated by the Indiana Department of Revenue, serves a vital role for residents who anticipate owing more than $1,000 on their state income taxes, especially when they do not have sufficient Indiana tax withheld from their income or for those without any tax withholding at all. This form, designated for the 2010 tax year, assists in calculating and making estimated tax payments. It meticulously outlines the process for determining one's estimated taxes, which includes state and county tax liabilities. Users are advised to complete a detailed worksheet to accurately forecast their due payments, and thereby avoid any underpayment penalties. The form, officially titled State Form 46005 (R8 / 9-09), requires personal details such as Social Security numbers for both the individual and the spouse if filing jointly, alongside their names, addresses, and the specifics of their estimated income tax payments. Additionally, it provides instructions for calculating the amount due, which can be paid in four installments throughout the year, with explicit due dates for each payment. The importance of making timely payments is emphasized, alongside various payment options that include checks, money orders, and even credit card payments through facilitated services, aiming to streamline the process for Indiana residents.

QuestionAnswer
Form NameForm Es 40
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesES40_I_f1 es 40 icpr form

Form Preview Example

Form

ES-40

State Form 46005

(R8 / 9-09)

Your Social

Security Number

Your irst name

Indiana Department of Revenue

2010 Estimated Tax Payment Form

Spouse’s Social

Security Number

Initial Last name

 

If iling a joint return, spouse’s irst name

Initial

Last name

 

 

 

Present address (number and street or rural route)

 

 

 

 

 

City

 

State

Zip code + 4

Estimated Tax Designation and Payment Area

 

 

 

Complete the worksheet on the back of this form to igure your estimated tax payment.

 

1.

State tax due from line J of worksheet

 

State Tax

1

2.

From line K of worksheet:

 

 

 

 

 

a. Enter your county code

 

 

 

 

b. Enter county tax

 

Your County Tax

2b

3.

From line L of worksheet:

 

 

 

 

 

a. Enter spouse’s county code (if different from yours)

 

 

 

b. Enter spouse’s county tax

 

Spouse’s County Tax

3b

4.

Add lines 1, 2b and 3b

Estimated Tax Installment Payment

4

►Please make your check or money order payable to: Indiana Department of Revenue. See instructions for other payment options.

Installment Period Information

Place an “X” in the appropriate box to show which payment you are making:

1st Installment payment due April 15, 2010

 

2nd Installment payment due June 15, 2010

3rd Installment payment due Sept. 15, 2010

 

4th Installment payment due Jan. 18, 2011

 

Mail entire form and payment to:

Indiana Department of Revenue

P.O. Box 6102

Indianapolis, IN 46206-6102

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149091101

Instructions for Form ES-40

If you expect to have income during the 2010 tax year that:

•Will not have Indiana tax withheld, or

•If you think the amount withheld will not be enough to pay your tax liability, and

•You expect to owe more than $1,000 when you ile your tax return, then you should pay estimated tax.

Use the worksheet below to determine how much you’ll owe. The irst installment payment is due April 15, 2010. The remaining three payments are due June 15 and Sept. 15, 2010, and Jan. 18, 2011.

Use this form to make an estimated tax payment. We suggest that irst-time estimated income taxpayers make a copy of the blank form. This is in case the vouchers that are automatically issued (after we receive your irst payment) don’t get to you by the next payment’s due date.

For more information about estimated tax, get Income Tax Information Bulletin #3 at www.in.gov/dor/3650.htm

Pay the amount due on or before the installment due date. Enclose your check or money order made payable to the Indiana Department of Revenue. Write your Social Security number on the check or money order. Note: All payments must be made with U.S. funds.

To pay by using your American Express® Card, Discover® Card, MasterCard® or VISA®, call 1-800- 2-PAY TAX (1- 800-272-9829). A convenience fee will be charged by the credit card processor based on the amount you are paying. You will be told what the fee is and you will have the option to either cancel or continue the credit card transaction. Note: Do Not mail Form ES-40 if paying by credit card or eCheck.

To make an estimated tax payment online, log on to www.in.gov/dor/epay/3726.htm

Worksheet to igure your 2010 estimated tax due – see instructions below

 

 

A. Total estimated income for 2010

 

A ___________

B. Total exemption amount

 

B ___________

C. Amount subject to tax (line A minus line B)

 

C ___________

D. Amount of state income tax due (line C x .034)

 

D ___________

E. Amount of county income tax due (line C x the appropriate county tax rate(s))

..................................

E ___________

F. Anticipated state and county tax due for 2010 (add line D and line E)

F ___________

G. Total anticipated credits (including anticipated 2010 state and county income tax withheld)

G ___________

H. Amount due (line F minus line G)

Enter on Line 4

H ___________

I. Each installment payment due for 2010 (divide line H by 4)

I ___________

J. Enter portion of line I that represents your estimated state tax due

Enter on Line 1

J ___________

K. Enter portion of line I that represents your (and spouse’s if same

 

 

county) estimated county tax due. Enter 2-digit county code (from

Enter on Line 2

 

county tax chart)

 

 

......................................................................................

K ___________

L. Enter portion of line I that represents spouse’s estimated county

 

 

tax due if for a different county than the one on line K. Enter 2-digit

Enter on Line 3

 

county code

 

 

 

 

 

L ___________

 

 

Line B – Multiply the number of exemptions claimed on

Line I – This is your estimated tax installment payment.

your federal tax return by $1,000. Add $1,500 for each

Enter this amount on line 4, Estimated Tax Installment

eligible dependent child. If you are 65 years or older and/or

Payment, at the top of the form.

 

blind, add $1,000 for each additional exemption. Limitation:

Lines J, K and L – If you are paying only the amount of

If you are a nonresident alien (not a U.S. citizen and does

not meet the green card test) you may claim only one

estimated Indiana income tax due, enter the amount from

$1,000 exemption (even if married iling jointly and/or with

line I on line 1, State Tax Due, at the top of the form. If

dependents).

the amount on line I also includes estimated county tax,

Line E – Multiply amount on line C by the appropriate

enter the portion on lines 2 and/or 3 at the top of the form.

Only break out your spouse’s estimated county tax if your

county tax rate(s). Find your rate on the back of Schedule

spouse owes tax to a county other than yours.

CT-40 (County Tax Schedule), or at www.in.gov/dor/4156.htm

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Form Es 40 writing process explained (step 1)

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Form Es 40 writing process clarified (part 2)

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