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Changes to 2007 Form

Form 541-ES Instructions

The revised Internet version is available for download as of 03/17/2008

Revision Details: To correct the placement of the $1,000,000 on the Mental Health Services tax worksheet. The placement of the $1,000,000 on the Mental Health Services tax worksheet should move from line C to line B.

This worksheet is also being corrected to move the placement of the x .O1 from line E to line D per Mental Health Services tax worksheet.

  • Form 541-ES, page 35 of the instructions of the booklet, column 2, Mental Health Services Tax and page 308 of the Package X.

Previously read:

A. Taxable income from Form 541 line 20…………__________
B. Less...........................................................………..__________
C. Subtotal .......................................................($1,000,000)
D. Multiply line C by 1% ............................................__________
E. Mental Health Services Tax - x.01
Enter this amount on line 10 of the 2007 Estimated Tax
Worksheet on the next page ...............................…_________

Revised to:

A. Taxable income from Form 541 line 20………….__________
B. Less ............................................................($ 1,000,000)
C. Subtotal .....................................................…….__________
D. Multiply line C by 1% .............................................x01
E. Mental Health Services Tax-
Enter this amount on line 10 of the 2007 Estimated Tax
Worksheet on the next page ..................................___________

This change would have a minimal impact to tax liability.

Back to Tax Form Changes for 2007