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Changes to 2009 Forms

Changes to 2009 Forms 100-ES, Corporation Estimated Tax Instructions

The revised Internet version is available for download as of 01/28/2009.

Revision Details:.The current Form 100ES's instructions indicate that corporations that meet certain requirement must remit all of their payments through EFT rather than by paper checks. These instructions are not clearly stating that the first payment of $20,000 or total tax liability of $80,000 does not need to be submitted electronically. We revised the instructions to clarify that once the corporation meets the EFT threshold requirements, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically to avoid a 10% non-compliance EFT penalty.

  • This update is located on page 1, column 1, last paragraph.

Previously read:

Electronic Funds Transfer (EFT) - Corporations that meet certain requirements must remit all of their payments through EFT rather than by paper checks to avoid the EFT penalty. Corporations that remit an estimated tax payment or extension payment in excess of $20,000 or that have a total tax liability in excess of $80,000 must remit all of their payments through EFT.

Revised to:

Electronic Funds Transfer (EFT) - Corporations that remit an estimated tax payment or extension payment in excess of $20,000 or that have a total tax liability in excess of $80,000 must remit all of their payments through EFT. Once a corporation meets the threshold, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically to avoid a 10% non-compliance EFT penalty.

This revision does not impact tax liability

Back to Tax Form Changes for 2009