Estimate Schedule

The Estimate Schedule displays prior year tax liability and any available unrefunded overpayments from prior year annual returns. Each jurisdiction may have one or multiple rows, depending on the tax types reported.

The Prior Year Tax Liability column shows the prior year tax amount used to determine whether a filing threshold is met and serves as the basis for estimating current year taxes.

The Overpayment Available column lists the amount of unrefunded overpayments that may be used to offset current year estimated payments and annual tax liability.

The Current Year Basis column denotes the method used for reporting premiums on the various state returns. When the current year basis is “Quarterly”, the state’s estimate form reports only the premiums being taxed that quarter. When the current year basis is “Annualized”, the state’s estimate form will report an estimate of premiums for the entire year. It is important to review the actual state estimate returns to verify that premiums have been entered correctly.

Fields on the Estimate Schedule will be grayed out if they are not applicable based on state requirements.