1040 Es Estimated Tax For Individuals High Point University

Summary

Form 1040-ES Estimated Tax for Individuals OMB No. 1545-0087
Department of the Treasury
Internal Revenue Service This package is primarily for first-time filers of estimated tax. 2003
Purpose of This Package If you also receive salaries and wages, you may be able to
avoid having to make estimated tax payments on your other
Use this package to figure and pay your estimated tax. income by asking your employer to take more tax out of your
Estimated tax is the method used to pay tax on income that is earnings. To do this, file a new Form W-4, Employee’s
not subject to withholding (for example, earnings from Withholding Allowance Certificate, with your employer

self-employment, interest, dividends, rents, alimony, etc.). In You can also choose to have Federal income tax withheld
addition, if you do not elect voluntary withholding, you should from certain government payments. For details, see Form W-4V,
make estimated tax payments on unemployment compensation Voluntary Withholding Request

and the taxable part of your social security benefits. See the You may not make joint estimated tax payments if you
2002 instructions for your tax return for details on income that is or your spouse is a nonresident alien, you are
taxable. separated under a decree of divorce or separate
This package is primarily for first-time filers who are or may be maintenance, or you and your spouse have different
subject to paying estimated tax. This package can also be used tax years

if you did not receive or have lost your preprinted 1040-ES
package. The estimated tax worksheet on page 4 will help you Additional Information You May Need
figure the correct amount to pay. The payment vouchers in this
package are for crediting your estimated tax payments to your Most of the information you will need can be found in Pub. 505,
account correctly if you are paying by check or money order. Tax Withholding and Estimated Tax

You may also be able to pay by Electronic Federal Tax Payment
System (EFTPS), electronic funds withdrawal, or credit card. See Other available information:
page 3 for details. Use the Record of Estimated Tax Payments ● Pub. 553, Highlights of 2002 Tax Changes

on page 6 to keep track of the payments you have made and ● Instructions for the 2002 Form 1040 or 1040A

the number and amount of your remaining payments. ● What’s Hot at www.irs.gov

After we receive your first payment voucher from this package For details on how to get forms and publications, see page 9 of
(or if you make your first payment by EFTPS, electronic funds the instructions for Form 1040 or 1040A

withdrawal, or credit card), we will mail you a 1040-ES package If you have tax questions, call 1-800-829-1040 for assistance

with your name, address, and social security number (SSN)
preprinted on each payment voucher. Use the preprinted
vouchers to make your remaining estimated tax payments for Changes Effective for 2003
the year if you are paying by check or money order. This will Use your 2002 tax return as a guide in figuring your 2003
speed processing, reduce processing costs, and reduce the estimated tax, but be sure to consider the following changes

chance of errors. For more information on these changes and other changes that
Do not use the vouchers in this package to notify the IRS of a may affect your 2003 estimated tax, see Pub. 553

change of address. If you have a new address, file Form 8822, Child and dependent care credit. You may be able to take a
Change of Address. The IRS will update your record and send credit of up to $1,050 for the expenses you pay for the care of
you new preprinted payment vouchers. one qualifying person; $2,100 if you pay for the care of two or
more qualifying persons

Who Must Make Estimated Tax Payments Lifetime learning credit. The maximum lifetime learning credit
for 2003 is $2,000

In most cases, you must make estimated tax payments if you
expect to owe at least $1,000 in tax for 2003 (after subtracting Adoption credit. The maximum credit allowed is $10,160 per
your withholding and credits) and you expect your withholding child. The credit is allowed only if your modified adjusted gross
and credits to be less than the smaller of: income (AGI) is less than $192,390. If you adopt a child with
special needs and the adoption becomes final in 2003, you may
1. 90% of the tax shown on your 2003 tax return or be able to take the maximum credit regardless of your actual
2. The tax shown on your 2002 tax return (110% of that amount expenses

if you are not a farmer or fisherman and the adjusted gross Exclusion of employer-provided adoption benefits. You may
income shown on that return is more than $150,000 or, if be able to exclude up to $10,160 of employer-provided adoption
married filing separately for 2003, more than $75,000). benefits from income for each child. The exclusion is allowed
However, if you did not file a 2002 tax return or that return did only if your modified AGI is less than $192,390

not cover 12 months, item 2 above does not apply. Section 179 expense deduction. Generally, the maximum
For this purpose, include household employment taxes (before deduction to expense certain property under section 179 for
subtracting advance EIC payments made to your employee(s)) 2003 is $25,000

when figuring the tax shown on your tax return if: IRA deduction allowed to more people. You may be able to
● You will have Federal income tax withheld from wages, take an IRA deduction if you were covered by a retirement plan
pensions, annuities, gambling winnings, or other income or and your 2003 modified AGI is less than $50,000 ($70,000 if
● You would be required to make estimated tax payments to married filing jointly or qualifying widow(er))

avoid a penalty even if you did not include household Self-employed health insurance deduction. You may be able to
employment taxes when figuring your estimated tax. deduct up to 100% of your health insurance expenses

Exception. You do not have to pay estimated tax if you were a Estimated tax safe harbor for some taxpayers. The estimated
U.S. citizen or resident alien for all of 2002 and you had no tax tax safe harbor that is based on the tax shown on your 2002 tax
liability for the full 12-month 2002 tax year. return is 110% of that amount if you are not a farmer or
The estimated tax rules apply to: fisherman and the AGI shown on that return is more than
$150,000 or, if married filing separately for 2003, $75,000

● U.S. citizens and residents,
Standard mileage rate. The 2003 rate for business use of a
● Residents of Puerto Rico, the Virgin Islands, Guam, the vehicle has decreased to 36 cents a mile. The rate for use of
Commonwealth of the Northern Mariana Islands, and American your vehicle to get medical care or for deductible moving
Samoa, and expenses has decreased to 12 cents a mile

● Nonresident aliens (use Form 1040-ES (NR))

Cat. No. 11340T
Standard deduction. If you do not itemize your deductions, you To amend or correct your estimated tax, see Amending
may take the 2003 standard deduction listed below for your filing Estimated Tax Payments on page 3

Filing Status Standard Deduction Payment Due Dates
Married filing jointly or You may pay all of your estimated tax by April 15, 2003, or in
Qualifying widow(er) $7,950 four equal amounts by the dates shown below

Head of household $7,000
1st payment April 15, 2003
Single $4,750 2nd payment June 16, 2003
Married filing separately $3,975 3rd payment Sept. 15, 2003
However, if you can be claimed as a dependent on another 4th payment Jan. 15, 2004*
person’s 2003 return, your standard deduction is the greater of:
*You do not have to make the payment due January 15, 2004,
● $750 or if you file your 2003 tax return by February 2, 2004, and pay the
● Your earned income plus $250 (up to the standard deduction entire balance due with your return

Note. Payments are due by the dates indicated whether or not
Your standard deduction is increased by the following amount you are outside the United States and Puerto Rico

if, at the end of 2003, you are:
● An unmarried individual (single or head of household) and are: If, after March 31, 2003, you have a large change in income,
deductions, additional taxes, or credits that requires you to start
65 or older or blind $1,150 making estimated tax payments, you should figure the amount of
65 or older and blind $2,300 your estimated tax payments by using the annualized income
● A married individual (filing jointly or separately) or a qualifying installment method, explained in Pub. 505. Although your
widow(er) and are: payment due dates will be the same as shown above, the
65 or older or blind $950 payment amounts will vary based on your income, deductions,
additional taxes, and credits for the months ending before each
65 or older and blind $1,900 payment due date. As a result, this method may allow you to
Both spouses 65 or older $1,900 * skip or lower the amount due for one or more payments. If you
Both spouses 65 or older and blind $3,800 * use the annualized income installment method, be sure to file
Form 2210, Underpayment of Estimated Tax by Individuals,
* If married filing separately, these amounts apply only if you can Estates, and Trusts, with your 2003 tax return, even if no penalty
claim an exemption for your spouse. is owed

To Figure Your Estimated Tax, Use: Farmers and fishermen. If at least two-thirds of your gross
income for 2002 or 2003 is from farming or fishing, you may do
● The 2003 Estimated Tax Worksheet on page 4. one of the following

● The Instructions for the 2003 Estimated Tax Worksheet that ● Pay all of your estimated tax by January 15, 2004

begin on page 4. ● File your 2003 Form 1040 by March 1, 2004, and pay the total
● The 2003 Tax Rate Schedules below. tax due. In this case, 2003 estimated payments are not required
to avoid a penalty

● Your 2002 tax return and instructions, as a guide to figuring
your income, deductions, and credits (but be sure to consider Fiscal year taxpayers. You are on a fiscal year if your 12-month
the Changes Effective for 2003 that begin on page 1). tax period ends on any day except December 31. Due dates for
fiscal year taxpayers are the 15th day of the 4th, 6th, and 9th
If you receive your income unevenly throughout the year (for months of your current fiscal year and the 1st month of the
example, because you operate your business on a seasonal following fiscal year. If any payment date falls on a Saturday,
basis), you may be able to lower or eliminate the amount of your Sunday, or legal holiday, use the next business day

required estimated tax payment for one or more periods by
using the annualized income installment method. See Pub. 505
for details

2003 Tax Rate Schedules
Caution. Do not use these Tax Rate Schedules to figure your 2002 taxes. Use only to figure your 2003 estimated taxes

Single—Schedule X Head of household—Schedule Z
If line 5 is: The tax is: of the If line 5 is: The tax is: of the
But not amount But not amount
Over— over— over— Over— over— over—
$0 $ 6,000 10% $0 $0 $10,000 10% $0
6,000 28,400 $600.00 + 15% 6,000 10,000 38,050 $1,000.00 + 15% 10,000
28,400 68,800 3,960.00 + 27% 28,400 38,050 98,250 5,207.50 + 27% 38,050
68,800 143,500 14,868.00 + 30% 68,800 98,250 159,100 21,461.50 + 30% 98,250
143,500 311,950 37,278.00 + 35% 143,500 159,100 311,950 39,716.50 + 35% 159,100
311,950 96,235.50 + 38.6% 311,950 311,950 93,214.00 + 38.6% 311,950
Married filing jointly or Qualifying Married filing separately—Schedule Y-2
widow(er)—Schedule Y-1
If line 5 is: The tax is: of the If line 5 is: The tax is: of the
But not amount But not amount
Over— over— over— Over— over— over—
$0 $12,000 10% $0 $0 $ 6,000 10% $0
12,000 47,450 $1,200.00 + 15% 12,000 6,000 23,725 $600.00 + 15% 6,000
47,450 114,650 6,517.50 + 27% 47,450 23,725 57,325 3,258.75 + 27% 23,725
114,650 174,700 24,661.50 + 30% 114,650 57,325 87,350 12,330.75 + 30% 57,325
174,700 311,950 42,676.50 + 35% 174,700 87,350 155,975 21,338.25 + 35% 87,350
311,950 90,714.00 + 38.6% 311,950 155,975 45,357.00 + 38.6% 155,975
Page 2
Name Change Paying by Electronic Federal Tax Payment
If you changed your name and made estimated tax payments
System (EFTPS)
using your old name, attach a statement to the front of your
You can use EFTPS to submit your estimated payment
2003 tax return. List all of the estimated tax payments you and
electronically using the Internet, computer software, or phone

your spouse made for 2003 and the name(s) and SSN(s) under
You can schedule payments for withdrawal up to 365 days in
which you made the payments

advance. You can make payments weekly, monthly, or quarterly

For more information, call 1-800-555-4477 or 1-800-945-8400,
Amending Estimated Tax Payments or visit the EFTPS Web Site at www.eftps.gov

To change or amend your estimated tax payments, refigure your
total estimated tax payments due (line 16 of the worksheet on
Paying by Electronic Funds Withdrawal
page 4). Then, use the worksheet for amended estimated tax You may make one 2003 estimated tax payment when you
under Regular Installment Method in Chapter 2 of Pub. 505 to electronically file your 2002 tax return by authorizing an
figure the payment due for each remaining payment period. If an electronic funds withdrawal from your checking or savings
estimated tax payment for a previous period is less than 1⁄4 of account. You will need to know your account number and your
your amended estimated tax, you may owe a penalty when you financial institution’s routing number. You can check with your
file your return. financial institution to make sure that an electronic withdrawal is
allowed and to get the correct routing and account numbers

When a Penalty Is Applied Whether or not you have a balance due on your electronically
filed tax return, you can schedule one estimated tax payment
In some cases, you may owe a penalty when you file your with an effective date of April 15, 2003, June 16, 2003, or
return. The penalty is imposed on each underpayment for the September 15, 2003. Check with your tax return preparer or tax
number of days it remains unpaid. A penalty may be applied if preparation software for details. Do not send in a Form 1040-ES
you did not pay enough estimated tax for the year or you did not payment voucher when you schedule an estimated tax payment
make the payments on time or in the required amount. A penalty by electronic funds withdrawal

may apply even if you have an overpayment on your tax return

The penalty may be waived under certain conditions. See Pub. Paying by Credit Card
505 for details. ® ®
You may use your American Express Card, Discover Card,
Paying by Check or Money Order Using the MasterCard® card, or Visa® card to make estimated tax
payments. Call toll free or visit the web site of either service
Payment Voucher provider listed below and follow the instructions. A convenience
There is a separate payment voucher for each due date. The due fee will be charged by the service provider based on the amount
date is shown in the upper right corner. Please be sure you use you are paying. Fees may vary between the providers. You will
the voucher with the correct due date for each payment you be told what the fee is during the transaction and you will have
make. Complete and send in the voucher only if you are making the option to either continue or cancel the transaction. You can
a payment by check or money order. To complete the voucher, also find out what the fee will be by calling the provider’s
do the following. toll-free automated customer service number or visiting the
provider’s web site shown below

● Type or print your name, address, and SSN in the space Official Payments Corporation Link2Gov Corporation
provided on the voucher. If filing a joint voucher, also enter your 1-800-2PAY-TAXSM (1-800-272-9829) 1-888-PAY-1040SM (1-888-729-1040)
spouse’s name and SSN. List the names and SSNs in the same 1-877-754-4413 (Customer Service) 1-888-658-5465 (Customer Service)
order on the joint voucher as you will list them on your joint www.PAY1040.com
www.officialpayments.com
return. If you and your spouse plan to file separate returns, file
separate vouchers instead of a joint voucher. If you pay by credit card, you will be given a confirmation
● Enter in the box provided on the payment voucher only the number at the end of the call. Fill in the Record of Estimated
amount you are sending in by check or money order. When Tax Payments on page 6. Enter the confirmation number in
making payments of estimated tax, be sure to take into account column (b), but do not include the amount of the convenience
any 2002 overpayment that you choose to credit against your fee in column (c). There is nothing to send in when you pay by
2003 tax, but do not include the overpayment amount in this credit card

● Make your check or money order payable to the “United
States Treasury.” Do not send cash. To help process your
payment, enter the amount on the right side of the check like
this: $ XXX.XX. Do not use dashes or lines (for example, do not
XX
enter “$ XXX-– ” or “$ XXX 100 ”)

● Write “2003 Form 1040-ES” and your SSN on your check or
money order. If you are filing a joint voucher, enter the SSN that
you will show first on your joint return

● Enclose, but do not staple or attach, your payment with the
voucher

● Mail your payment voucher and check or money order to the
address shown on page 6 for the place where you live

● Fill in the Record of Estimated Tax Payments on page 6 for
your files

Page 3
Line 8. Include on this line the additional taxes from Form 4972,
Instructions for the 2003 Estimated Tax Tax on Lump-Sum Distributions, or Form 8814, Parents’ Election
To Report Child’s Interest and Dividends. Also include any
Worksheet recapture of the education credits

Line 1. Adjusted Gross Income. Use your 2002 tax return and Line 9. Credits. See the instructions for the 2002 Form 1040,
instructions as a guide to figuring the adjusted gross income you lines 45 through 53, or Form 1040A, lines 29 through 34

expect in 2003 (but be sure to consider the Changes Effective Line 11. Self-Employment Tax. If you and your spouse make
for 2003 that begin on page 1). For more details on figuring your joint estimated tax payments and you both have
adjusted gross income, see Expected Adjusted Gross Income self-employment income, figure the self-employment tax for each
in Pub. 505. If you are self-employed, be sure to take into of you separately. Enter the total on line 11. When figuring your
account the deduction for one-half of your self-employment tax. estimate of 2003 net earnings from self-employment, be sure to
use only 92.35% of your total net profit from self-employment

2003 Estimated Tax Worksheet (keep for your records)
1 Adjusted gross income you expect in 2003 (see instructions above ) 1
其
2 ● If you plan to itemize deductions, enter the estimated total of your itemized deductions

Caution: If line 1 above is over $139,500 ($69,750 if married filing separately), your
deduction may be reduced. See Pub. 505 for details. 2
● If you do not plan to itemize deductions, enter your standard deduction from page 2

3 Subtract line 2 from line 1 3
4 Exemptions. Multiply $3,050 by the number of personal exemptions. If you can be claimed as a dependent
on another person’s 2003 return, your personal exemption is not allowed. Caution: See Pub. 505 to
figure the amount to enter if line 1 above is over: $209,250 if married filing jointly or qualifying widow(er);
$174,400 if head of household; $139,500 if single; or $104,625 if married filing separately 4
5 Subtract line 4 from line 3 5
6 Tax. Figure your tax on the amount on line 5 by using the 2003 Tax Rate Schedules on
page 2. Caution: If you have a net capital gain, see Pub. 505 to figure the tax 6
7 Alternative minimum tax from Form 6251 7
8 Add lines 6 and 7. Also include any tax from Forms 4972 and 8814 and any recapture of the
education credits (see instructions above) 8
9 Credits (see instructions above). Do not include any income tax withholding on this line 9
10 Subtract line 9 from line 8. If zero or less, enter -0- 10
11 Self-employment tax (see instructions above). Estimate of 2003 net earnings from
self-employment $ ; if $87,000 or less, multiply the amount by 15.3%; if more
than $87,000, multiply the amount by 2.9%, add $10,788.00 to the result, and enter the total

Caution: If you also have wages subject to social security tax, see Pub. 505 to figure the amount
to enter 11
12 Other taxes (see instructions on page 5) 12
13a Add lines 10 through 12 13a
b Earned income credit, additional child tax credit, and credits from Form 4136 and Form 8885 13b
c Total 2003 estimated tax. Subtract line 13b from line 13a. If zero or less, enter -0- 䊳 13c
14a Multiply line 13c by 90% (662⁄3% for farmers and fishermen) 14a
b Enter the tax shown on your 2002 tax return (110% of that amount if
you are not a farmer or fisherman and the adjusted gross income
shown on line 36 of that return is more than $150,000 or, if married
filing separately for 2003, more than $75,000) 14b
c Required annual payment to avoid a penalty. Enter the smaller of line 14a or 14b 䊳 14c
Caution: Generally, if you do not prepay (through income tax withholding and estimated tax
payments) at least the amount on line 14c, you may owe a penalty for not paying enough estimated
tax. To avoid a penalty, make sure your estimate on line 13c is as accurate as possible. Even if
you pay the required annual payment, you may still owe tax when you file your return. If you
prefer, you may pay the amount shown on line 13c. For details, see Pub. 505

15 Income tax withheld and estimated to be withheld during 2003 (including income tax withholding
on pensions, annuities, certain deferred income, etc.) 15
16 Subtract line 15 from line 14c. (Note: If zero or less or line 13c minus line 15 is less than $1,000,
stop here. You are not required to make estimated tax payments.) 16
17 If the first payment you are required to make is due April 15, 2003, enter 1⁄4 of line 16 (minus any
2002 overpayment that you are applying to this installment) here, and on your payment voucher(s)
if you are paying by check or money order. (Note: Household employers, see instructions on
page 5.) 17
Page 4
Line 12. Other Taxes. Except as noted below, enter any other You are not required to provide the information requested on
taxes, such as the taxes on distributions from a Coverdell a form that is subject to the Paperwork Reduction Act unless the
education savings account or a qualified tuition program, and form displays a valid OMB control number. Books or records
early distributions from (a) an IRA or other qualified retirement relating to a form or its instructions must be retained as long as
plan, (b) an annuity, or (c) a modified endowment contract their contents may become material in the administration of any
entered into after June 20, 1988. Internal Revenue law. Generally, tax returns and return
Include household employment taxes (before subtracting information are confidential, as stated in Code section 6103

advance EIC payments made to your employee(s)) on line 12 if: We ask for tax return information to carry out the tax laws of
● You will have Federal income tax withheld from wages, the United States. We need it to figure and collect the right
pensions, annuities, gambling winnings, or other income or amount of tax

● You would be required to make estimated tax payments (to We may give the information to the Department of Justice and
avoid a penalty) even if you did not include household to other Federal agencies, as provided by law. We may give it to
employment taxes when figuring your estimated tax. cities, states, the District of Columbia, and U.S. commonwealths
Do not include tax on recapture of a Federal mortgage or possessions to carry out their tax laws. We may also disclose
subsidy, social security and Medicare tax on unreported tip this information to other countries under a tax treaty, or to
income, or uncollected employee social security and Medicare or Federal and state agencies to enforce Federal nontax criminal
RRTA tax on tips or group-term life insurance. These taxes are laws and to combat terrorism

not required to be paid until the due date of your income tax If you do not file a return, do not give the information asked
return (not including extensions). for, or give fraudulent information, you may be charged penalties
Line 17. If you are a household employer and you make and be subject to criminal prosecution

advance EIC payments to your employee(s), reduce your Please keep this notice with your records. It may help you if
required payment for each period by the amount of advance EIC we ask you for other information. If you have any questions
payments paid during the period. about the rules for filing and giving information, please call or
visit any Internal Revenue Service office

Privacy Act and Paperwork Reduction Act Notice. The Privacy The time needed to complete the worksheets and prepare and
Act of 1974 and the Paperwork Reduction Act of 1980 require file the payment vouchers will vary depending on individual
that when we ask you for information we must first tell you our circumstances. The estimated average time is: Recordkeeping,
legal right to ask for the information, why we are asking for it, 52 min.; Learning about the law, 28 min.; Preparing the
and how it will be used. We must also tell you what could worksheets and payment vouchers, 48 min.; Copying,
happen if we do not receive it and whether your response is assembling, and sending the payment voucher to the
voluntary, required to obtain a benefit, or mandatory under the IRS, 10 min

law. If you have comments concerning the accuracy of these time
This notice applies to all papers you file with us. It also applies estimates or suggestions for making this package simpler, we
to any questions we need to ask you so we can complete, would be happy to hear from you. You can write to the Tax
correct, or process your return; figure your tax; and collect tax, Forms Committee, Western Area Distribution Center, Rancho
interest, or penalties. Cordova, CA 95743-0001. Do not send the payment vouchers to
this address. Instead, see Where To File Your Payment
Our legal right to ask for information is Internal Revenue Code Voucher if Paying by Check or Money Order on page 6

sections 6001, 6011, and 6012(a), and their regulations. They
say that you must file a return or statement with us for any tax
for which you are liable. Your response is mandatory under
these sections. Code section 6109 and its regulations say that
you must provide your taxpayer identification number on what
you file. This is so we know who you are, and can process your
return and other papers

Page 5
Record of Estimated Tax Payments (Farmers, fishermen, and fiscal year taxpayers, see page 2 for payment due dates.)
Payment
(b) Check or (c) Amount paid
number
Payment (d) 2002 (e) Total amount
(a) Date money order number or (do not include
due overpayment paid and credited
paid credit card any credit card
date credit applied (add (c) and (d))
confirmation number convenience fee)
1 4/15/2003
2 6/16/2003
3 9/15/2003
4 1/15/2004*
Total 䊳
*You do not have to make this payment if you file your 2003 tax return by February 2, 2004, and pay the entire balance due with your return

Where To File Your Payment Voucher if Paying by Check or Money Order
Mail your payment voucher and check or Connecticut, Delaware, P.O. Box 80102 All APO and FPO addresses, P.O. Box 80102
money order to the Internal Revenue Service District of Columbia, Cincinnati, OH American Samoa, the Cincinnati, OH
at the address shown below for the place Maryland, New Jersey, 45280-0002 Commonwealth of the 45280-0002
where you live. Do not mail your tax return to Pennsylvania Northern Mariana Islands,
this address or send an estimated tax nonpermanent residents of
payment without a payment voucher. Also, do Florida, Georgia, Mississippi, P.O. Box 105900 Guam or the Virgin Islands,
not mail your estimated tax payments to the North Carolina, South Carolina, Atlanta, GA Puerto Rico (or if excluding
West Virginia 30348-5900
address shown in the Form 1040 or 1040A income under section 933),
instructions. If you need more payment Alabama, Arkansas, Ohio, P.O. Box 105225 dual-status aliens, a foreign
vouchers, use another Form 1040-ES Tennessee, Virginia Atlanta, GA country: U.S. citizens and
package. 30348-5225 those filing Form 2555,
2555-EZ, or 4563)
Note: For proper delivery of your estimated Illinois, Indiana, Iowa, Kansas, P.O. Box 970006
tax payment to a P.O. box, you must include Department of Revenue
Minnesota, Missouri, Nebraska, St. Louis, MO and Taxation
the box number in the address. Also, note North Dakota, South Dakota, 63197-0006 Permanent residents
Government of Guam
that only the U.S. Postal Service can deliver Utah, Wisconsin of Guam*
P.O. Box 23607
to P.O. boxes. GMF, GU 96921
Arizona, Idaho, Washington P.O. Box 54919
IF you live in . . . THEN use . . . Los Angeles, CA V.I. Bureau of Internal
䊲 䊲 90054-0919 Permanent Revenue
New York (New York City and P.O. Box 162 Alaska, California, P.O. Box 510000 residents of the 9601 Estate Thomas
counties of Nassau, Rockland, Newark, NJ Hawaii, Nevada, San Francisco, CA Virgin Islands* Charlotte Amalie
Suffolk, and Westchester) 07101-0162 Oregon 94151-5100 St. Thomas, VI 00802
New York (all other counties), P.O. Box 1219 Colorado, Kentucky, P.O. Box 660406 * Permanent residents must prepare separate
Maine, New Hampshire, Vermont Charlotte, NC Louisiana, Montana, Dallas, TX vouchers for estimated income tax and
28201-1219 New Mexico, Oklahoma, 75266-0406 self-employment tax payments. Send the income
Texas, Wyoming tax vouchers to the address for permanent residents
Massachusetts, Michigan, P.O. Box 37001 and the self-employment tax vouchers to the
Rhode Island Hartford, CT address for nonpermanent residents

06176-0001
Tear off here
Form
1040-ES
Voucher 4
2003 Payment
Department of the Treasury
Internal Revenue Service OMB No. 1545-0087
Calendar year—Due Jan. 15, 2004
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2003 Form 1040-ES” on your check or money order. Do not send by check or Dollars Cents
cash. Enclose, but do not staple or attach, your payment with this voucher. money order

Your first name and initial Your last name Your social security number
If joint payment, complete for spouse
Type or print
Spouse’s first name and initial Spouse’s last name Spouse’s social security number
Address (number, street, and apt. no.)
City, state, and ZIP code (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 5

Page 6
Form
1040-ES
Voucher 3
2003 Payment
Department of the Treasury
Internal Revenue Service OMB No. 1545-0087
Calendar year—Due Sept. 15, 2003
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2003 Form 1040-ES” on your check or money order. Do not send by check or Dollars Cents
cash. Enclose, but do not staple or attach, your payment with this voucher. money order

Your first name and initial Your last name Your social security number
If joint payment, complete for spouse
Type or print
Spouse’s first name and initial Spouse’s last name Spouse’s social security number
Address (number, street, and apt. no.)
City, state, and ZIP code (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 5

Tear off here
Form
1040-ES
Voucher 2
2003 Payment
Department of the Treasury
Internal Revenue Service OMB No. 1545-0087
Calendar year—Due June 16, 2003
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2003 Form 1040-ES” on your check or money order. Do not send by check or Dollars Cents
cash. Enclose, but do not staple or attach, your payment with this voucher. money order

Your first name and initial Your last name Your social security number
If joint payment, complete for spouse
Type or print
Spouse’s first name and initial Spouse’s last name Spouse’s social security number
Address (number, street, and apt. no.)
City, state, and ZIP code (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 5

Tear off here
Form
1040-ES
Voucher 1
2003 Payment
Department of the Treasury
Internal Revenue Service OMB No. 1545-0087
Calendar year—Due April 15, 2003
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2003 Form 1040-ES” on your check or money order. Do not send by check or Dollars Cents
cash. Enclose, but do not staple or attach, your payment with this voucher. money order

Your first name and initial Your last name Your social security number
If joint payment, complete for spouse
Type or print
Spouse’s first name and initial Spouse’s last name Spouse’s social security number
Address (number, street, and apt. no.)
City, state, and ZIP code (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 5. Page 7

1040-ES Estimated Tax for Individuals OMB No. 1545-0087 Form Department of the Treasury Internal Revenue Service This package is primarily for first-time filers of estimated tax. You …

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Frequently Asked Questions

What is irs form 1040 es estimated tax for individuals?

What is IRS Form 1040-ES: Estimated Tax for Individuals? The IRS provides Form 1040-ES for you to calculate and pay estimated taxes for the current year. While the 1040 relates to the previous year, the estimated tax form calculates taxes for the current year.

How much can you claim on form 1040 es?

For C corporations, that limit is $500. Form 1040-ES is broken into four separate slips, one for each payment period. Every time you send a payment to the IRS, you have to submit one of those slips. But what if you’re not sure what your tax liability will be for the current year?

How to pay estimated tax on 1040?

Use Form 1040-ES to figure and pay your estimated tax. Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents,alimony, etc.). In addition, if you do not elect voluntary withholding, you should make estimated tax payments on other taxable ...