 |
2021
Nebraska
Corporation Estimated
Income Tax Payment
Vouchers
Included in this Booklet:
Form 1120N-ES
Electronic payment options are available.
See instructions.
Questions?
revenue.nebraska.gov
Sign up for a FREE subscription service at the Nebraska Department
of Revenue’s website to get email updates on your topics of interest.
800-742-7474 (NE or IA) or 402-471-5729
8-013-2020
|
|
Instructions
Who Must Make Estimated Payments. Every corporate taxpayer subject to taxation under the Internal Revenue
Code must make estimated income tax payments if its Nebraska income tax liability can reasonably be expected to exceed
allowable credits by $400 or more.
Corporations that have elected to file under subchapter S, as defined by IRC § 1361, may make voluntary estimated payments
in the same manner as other corporations.
When to Make Estimated Income Tax Payments. Estimated income tax installments are due by the 15th day of the
4th, 6th, 9th, and 12th months of the tax year. The estimated income tax may be paid in full with the first installment, or paid
in equal installments on each due date.
If you miss a payment of estimated income tax, or if you made a mistake which caused an underpayment in earlier
installments, make an immediate “catchup” payment with your next installment payment.
Methods of Payment. Some corporations are required to make their corporation payments electronically. A corporation
with an electronic payment mandate from the Nebraska Department of Revenue (DOR) must make all estimated income
tax payments using one of the electronic methods outlined below. All corporations are encouraged to make their estimated
income tax payments electronically.
Electronic Payment Options
Electronic Funds Withdrawal (EFW). With this payment option, you provide your payment information within
your electronically-filed return. Your payment will automatically be withdrawn from your bank account on the date
you specify.
Nebraska e-pay. Nebraska e-pay is DOR’s web-based electronic payment system. You enter your payment and bank
account information, and choose a date (up to a year in advance) to have your account debited. You will receive an
email confirmation for each payment scheduled.
ACH Credit. You (or your bank) create an electronic file in the appropriate ACH file format. It is submitted to the
Federal Reserve and instructs your bank to “credit” the state’s bank account.
Nebraska Tele-pay. Nebraska Tele-pay is DOR’s phone-based electronic payment system. Call 800-232-0057,
enter your payment and bank account information, and choose a date (up to a year in advance) to have your account
debited. You will receive a confirmation number at the end of your call.
Credit Card. Secure credit card payments can be initiated through Official Payments at officialpayments.com; via
phone at 800-272-9829; or by downloading the OPAY app from your smart phone’s app store. Eligible credit cards
include American Express, Discover, MasterCard, and VISA. A convenience fee (2.35% of the payment, $1 minimum)
is charged to the card you use. This fee is paid to the credit card vendor, not the state, and will appear on your credit card
statement separately from the payment made to DOR. At the end of your transaction, you will be given a confirmation
number. Keep this number for your records. [If you are making your credit card payment by phone, you will need to
provide the Nebraska Jurisdiction Code, which is 3700.]
Cancel a Payment. To cancel a scheduled EFW payment, contact our Taxpayer Assistance office at 800-742-7474
or 402-471-5729 before 4:00 pm Central Time two business days prior to your scheduled payment date. You may
cancel a payment scheduled through Nebraska e-pay by logging into the e-pay program from our website and selecting
“cancel payment.” To cancel a credit card payment, contact Official Payments.
Check or Money Order. If you are not using one of the electronic payment options described above, include a check or
money order payable to the Nebraska Department of Revenue with the payment voucher. Checks written to DOR may be
presented for payment electronically.
Calculating the Amount of Each Installment.
1. Corporate taxpayers complete the 2021 Nebraska Corporation Estimated Income Tax Worksheet. If line 9 is less
than $400, estimated income tax payments are not required.
2. Complete the appropriate payment voucher. The amount of any overpayment from last year may be applied in full
or in part to any estimated income tax payment installment if the corporation:
• Had an overpayment on the 2020 Nebraska Corporation Income Tax Return, Form 1120N, or the 2020
Nebraska S Corporation Income Tax Return, Form 1120-SN; and
• Elected to apply the overpayment to the 2021 estimated income tax.
Changes in Estimated Income Tax. If the corporate taxpayer’s income increases during the year, it may be required to
begin filing or increase estimated income tax payments at the next due date.
|
| Use the Amended Computation Schedule to calculate the amended estimated income tax if the corporate taxpayer’s estimated income tax substantially changes, or if the corporate taxpayer’s income substantially increases. Show the amended estimated income tax on the next payment voucher. Penalty For Not Paying Enough Estimated Income Tax. A penalty is imposed on corporate taxpayers for underpayment of estimated income tax installments. An underpayment exists when the estimated income tax payments plus allowable credits are less than the income tax liability. The penalty is not due if the corporation qualifies for any of the methods that avoid penalty listed on the Corporation Underpayment of Estimated Tax, Form 2220N. Each corporate taxpayer with an underpayment of estimated income tax must file a Form 2220N with its Nebraska Corporation Income Tax Return, Form 1120N. Overpayment of Estimated Income Tax. A corporation that has overpaid its estimated income tax may apply for a reimbursement of the overpayment if the overpayment is both: • At least 10% of the corporation’s expected income tax liability; and • At least $500. To apply for this reimbursement, a corporation must file a Corporation Application for Adjustment of Overpayment of Estimated Tax, Form 4466N, on or before the 15th day of the third month after the end of its tax year, and before it files its tax return. Unitary Business. Corporate taxpayers who are required to file a single Nebraska Corporation Income Tax Return, Form 1120N, for a unitary business may file combined estimated income tax payments for the group. A combined Nebraska ID number is used for the group and can be requested in writing from DOR. The same combined ID number used to file estimated income tax payments is assigned to the corporate taxpayer’s Nebraska corporation income tax return. |
|
FORM 1120N-ES
Nebraska Corporation Estimated
2021
Income Tax Worksheet Worksheet
1 Estimated federal taxable income .................................................................................................................... 1
2 Estimated Nebraska taxable income ................................................................................................................ 2
3 Enter the amount from line 2 or $100,000, whichever is less ........................................................................... 3
4 Line 2 minus line 3 ........................................................................................................................................... 4
5 Tax on line 3 (line 3 multiplied by 5.58%) ................................................................. 5
6 Tax on line 4 (line 4 multiplied by 7.81%) ................................................................. 6
7 Nebraska corporation estimated income tax before credits (line 5 plus line 6) ................................................ 7
8 Estimated credits .............................................................................................................................................. 8
9 Nebraska corporation estimated income tax (line 7 minus line 8) .................................................................... 9
10 Computation of Installments.
If the original payment is due to be filed on:
• 15th day of the fourth month – Enter 1/4 of the amount from line 9 here and on line 2 of the
payment vouchers.
• 15th day of the sixth month – Enter 1/3 of the amount from line 9 here and on line 2 of the remaining
payment vouchers.
• 15th day of the ninth month – Enter 1/2 the amount from line 9 here and on line 2 of the remaining
payment vouchers.
• 15th day of the twelfth month – Enter the amount from line 9 here and on line 2 of the appropriate
payment voucher. 10
Amended Computation Schedule
• Use if the corporation’s estimated income tax changes during the year.
1 Amended estimated income tax (enter here and on line 1 of the payment voucher) ................................... 1
2 Amount of the 2020 overpayment previously applied as a credit to 2021 estimated income tax installments .. 2
3 Total amount previously paid for 2021 estimated income tax installments ................................................... 3
4 Line 2 plus line 3 .......................................................................................................................................... 4
5 Unpaid balance (line 1 minus line 4) ............................................................................................................ 5
6 Amount to be paid (line 5 divided by number of remaining payments).
Enter here and on line 2 of the payment voucher......................................................................................... 6
Record of Estimated Income Tax Payments
(B) (C) (D)
Payment Installment (A) Amount Paid 2020 Overpayment Total Amount Paid
Number Date Date Filed (Line 4 of (Line 3 of and Credited
Payment Voucher) Payment Voucher) [Col. (B) plus Col. (C)]
1 4th Month
2 6th Month
3 9th Month
4 12th Month
Claim this amount on your 2021 Nebraska Corporation Income Tax Return, Form 1120N, TOTAL
or 2021 Nebraska S Corporation Income Tax Return, Form 1120-SN.
Note: If a corporate taxpayer is not required to make an estimated income tax payment on the first installment date, it may
still be required to make payments at a later date. See instruction entitled, “Changes in Estimated Income Tax.”
RETAIN A COPY FOR YOUR RECORDS — DO NOT FILE.
|
|
FORM 1120N-ES
Nebraska Corporation Estimated Income Tax
Payment Voucher 2021
1 Estimated income tax for the 2021 tax year (line 9 of estimated
income tax worksheet) .................................................................. 1
2 Amount of this installment (line 10 of estimated income tax
worksheet)..................................................................................... 2 RESET PRINT
3 Amount of overpayment from last year (all or part)
applied to this installment .............................................................. 3 Nebraska Corporation Income Tax Rates for 2021
First $100,000 of Taxable Income in
4 Amount of this payment (line 2 minus line 3). Enter here and Taxable Income 5.58% Excess of $100,000 7.81%
in your Record of Estimated Income Tax Payments ...................... 4
Name Doing Business As (dba) Nebraska ID Number Federal ID Number Taxable Year Ending
Legal Name
Street or Other Mailing Address This installment is due on or before the
15th day of the 4th month of the taxable year.
City State Zip Code
1
Do not mail if you are paying electronically. If you are paying by check or money order, mail this voucher and payment to:
Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818.
8-013-2020
FORM 1120N-ES
Nebraska Corporation Estimated Income Tax
Payment Voucher 2021
1 Estimated income tax (or amended estimated income tax).
Complete if this is an original or amended computation ............... 1
2 Amount of this installment (line 10 of estimated income tax
worksheet or line 6 of Amended Computation Schedule) ............. 2
3 Amount of overpayment from last year applied to this
installment (and not applied to the previous installment)............... 3 Nebraska Corporation Income Tax Rates for 2021
First $100,000 of Taxable Income in
4 Amount of this payment (line 2 minus line 3). Enter here and Taxable Income 5.58% Excess of $100,000 7.81%
in your Record of Estimated Income Tax Payments ...................... 4
Name Doing Business As (dba) Nebraska ID Number Federal ID Number Taxable Year Ending
Legal Name
Street or Other Mailing Address This installment is due on or before the
15th day of the 6th month of the taxable year.
City State Zip Code 2
Do not mail if you are paying electronically. If you are paying by check or money order, mail this voucher and payment to:
Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818.
8-013-2020
|
|
FORM 1120N-ES
Nebraska Corporation Estimated Income Tax
Payment Voucher 2021
1 Estimated income tax (or amended estimated income tax).
Complete if this is an original or amended computation ............... 1
2 Amount of this installment (line 10 of estimated income tax
worksheet or line 6 of Amended Computation Schedule) ............. 2
3 Amount of overpayment from last year applied to this
installment (and not applied to the previous installment)............... 3 Nebraska Corporation Income Tax Rates for 2021
First $100,000 of Taxable Income in
4 Amount of this payment (line 2 minus line 3). Enter here and
in your Record of Estimated Income Tax Payments ...................... 4 Taxable Income 5.58% Excess of $100,000 7.81%
Name Doing Business As (dba) Nebraska ID Number Federal ID Number Taxable Year Ending
Legal Name
Street or Other Mailing Address This installment is due on or before the
15th day of the 9th month of the taxable year.
City State Zip Code 3
Do not mail if you are paying electronically. If you are paying by check or money order, mail this voucher and payment to:
Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818.
8-013-2020
FORM 1120N-ES
Nebraska Corporation Estimated Income Tax
Payment Voucher 2021
1 Estimated income tax (or amended estimated income tax).
Complete if this is an original or amended computation ............... 1
2 Amount of this installment (line 10 of estimated income tax
worksheet or line 6 of Amended Computation Schedule) ............. 2
3 Amount of overpayment from last year applied to this
installment (and not applied to the previous installment)............... 3 Nebraska Corporation Income Tax Rates for 2021
First $100,000 of Taxable Income in
4 Amount of this payment (line 2 minus line 3). Enter here and Taxable Income 5.58% Excess of $100,000 7.81%
in your Record of Estimated Income Tax Payments ...................... 4
Name Doing Business As (dba) Nebraska ID Number Federal ID Number Taxable Year Ending
Legal Name
Street or Other Mailing Address This installment is due on or before the
15th day of the 12th month of the taxable year.
City State Zip Code
4
Do not mail if you are paying electronically. If you are paying by check or money order, mail this voucher and payment to:
Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818.
8-013-2020
|