Nebraska Nebraska Corporation Estimated Income Tax Payment Voucher

Nebraska Corporation Estimated Income Tax Payment Voucher
Form 1120N-ES
2024

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
8-013-2023

Instructions
Who Must Make Estimated Payments. Every corporation 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. This requirement applies to corporate taxpayers and S corporations that elect to be subject to
Nebraska income tax.
S corporations that do not elect to be subject to Nebraska income tax, may make voluntary estimated payments in the same
manner as other corporations. Estimated payments made by these S corporations are treated as income tax withholding on
behalf of the shareholders.
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 Your payment will automatically be withdrawn from your bank account on the date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 ACI Payments, Inc. at acipayonline.com or
via phone at 800-272-9829. Eligible credit cards include American Express, Discover, MasterCard, and VISA. A
convenience fee 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.	 Corporations complete the 2024 Nebraska Corporation Estimated Income Tax Worksheet. If line 10 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 2023 Nebraska Corporation Income Tax Return, Form 1120N, or the 2023
Nebraska S Corporation Income Tax Return, Form 1120-SN; and

			

•	

Elected to apply the overpayment to the 2024 estimated income tax.

Changes in Estimated Income Tax. If the corporation's income increases substantially, or if the corporation's
estimated income tax changes substantially for another reason, it may be required to amend its estimated income
tax. Use the Amended Computation schedule to calculate the amended estimated income tax and use the amended
amounts on the next payment voucher.
Penalty For Not Paying Enough Estimated Income Tax. A penalty is due on corporations 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 Income Tax, Form 2220N.
Each corporation with an underpayment of estimated income tax must file a Form 2220N with its Nebraska Corporation
Income Tax Return, Form 1120N or Nebraska S Corporation Income Tax Return, Form 1120-SN.
Overpayment of Estimated Income Tax. A corporation that has overpaid its estimated income tax may apply for a
refund 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 refund, 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.
2024 Nebraska Estimated Income Tax Rates.
S corporations - 5.84% on all Nebraska taxable income.

All other corporations rate
If Net Nebraska Taxable		
Income from line 10 is —
Over	
$	

But Not Over	
0	

Tax Rate is		

$100,000		

$100,000		

5.58% 	

$5,580 + 5.84%	

On Excess Over
$		

0

$100,000

PRINT FORM RESET FORM
FORM 1120N-ES

Nebraska Corporation Estimated
Income Tax Worksheet

2024
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. S corporations skip lines 3 through 7 and
complete line 8 (see instructions)..................................................................................................................... 	 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 5.84%)..................................................................  	 6
	7	 Nebraska corporation estimated income tax before credits (line 5 plus line 6)................................................. 	 7
	8	 Nebraska S corporation estimated income tax before credits (line 2 multiplied by 5.84%)............................... 	 8
	9	 Estimated credits............................................................................................................................................... 	 9
	10	 Nebraska corporation estimated income tax (line 7 minus line 9 for C corporations; line 8 minus line 9 for
S corporations)................................................................................................................................................. 	10
	11	 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 10 here and on line 2 of the
payment vouchers.
• 15th day of the sixth month – Enter 1/3 of the amount from line 10 here and on line 2 of the remaining
payment vouchers.
• 15th day of the ninth month – Enter 1/2 the amount from line 10 here and on line 2 of the remaining
payment voucher.
• 15th day of the twelfth month – Enter the amount from line 10 here and on line 2 of the appropriate
payment voucher.	
11

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 2023 overpayment previously applied as a credit to 2024 estimated income tax installments... 	 2
	3	Total amount previously paid for 2024 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

Payment
Number

Installment
Date

1	

4th Month

2	

6th Month

3	

9th Month

4	

12th Month

(A)
Date Filed

(B)
Amount Paid
(Line 4 of
Payment Voucher)

(C)
(D)
2023 Overpayment
Total Amount Paid
(Line 3 of
and Credited
Payment Voucher) [Col. (B) plus Col. (C)]

Claim this amount on your 2024 Nebraska Corporation Income Tax Return, Form 1120N,
or 2024 Nebraska S Corporation Income Tax Return, Form 1120-SN.

Note:	

TOTAL

If a corporation 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.

Nebraska Corporation Estimated Income Tax
Payment Voucher

FORM 1120N-ES

2024

1	 Estimated income tax for the 2024 tax year (line 10 of estimated			
income tax worksheet)................................................................... 	 1
	2	Amount of this installment (line 11 of estimated income tax
		worksheet)..................................................................................... 	 2
	3	Amount of overpayment from last year (all or part)
applied to this installment............................................................... 	 3
	4	Amount of this payment (line 2 minus line 3). Enter here and
in your Record of Estimated Income Tax Payments....................... 	 4
	 Name Doing Business As (dba)			
	 Legal Name
	 Street or Other Mailing Address
	 City	

State	

ZIP Code

Check One:		C corporation		
Nebraska ID Number	

1

Federal ID Number	

S Corporation
Taxable Year Ending

This installment is due on or before the
15th day of the 4th month of the taxable year.

Use our safe and secure Nebraska e-pay system to make and manage your
Nebraska business tax payments. Please visit revenue.nebraska.gov for additional information about e-pay.
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.
8-013-2023

Nebraska Corporation Estimated Income Tax
Payment Voucher

FORM 1120N-ES

2024

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 11 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
	4	Amount of this payment (line 2 minus line 3). Enter here and
in your Record of Estimated Income Tax Payments....................... 	 4
	 Name Doing Business As (dba)			
	 Legal Name
	 Street or Other Mailing Address
	 City	

State	

ZIP Code

Check One:		C corporation		
Nebraska ID Number	

2

Federal ID Number	

S Corporation
Taxable Year Ending

This installment is due on or before the
15th day of the 6th month of the taxable year.

Use our safe and secure Nebraska e-pay system to make and manage your
Nebraska business tax payments. Please visit revenue.nebraska.gov for additional information about e-pay.
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.
8-013-2023

Nebraska Corporation Estimated Income Tax
Payment Voucher

FORM 1120N-ES

2024

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 11 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
	4	Amount of this payment (line 2 minus line 3). Enter here and
in your Record of Estimated Income Tax Payments....................... 	 4
	 Name Doing Business As (dba)			
	 Legal Name
	 Street or Other Mailing Address
	 City	

State	

ZIP Code

Check One:		C corporation		
Nebraska ID Number	

3

Federal ID Number	

S Corporation
Taxable Year Ending

This installment is due on or before the
15th day of the 9th month of the taxable year.

Use our safe and secure Nebraska e-pay system to make and manage your
Nebraska business tax payments. Please visit revenue.nebraska.gov for additional information about e-pay.
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.
8-013-2023

Nebraska Corporation Estimated Income Tax
Payment Voucher

FORM 1120N-ES

2024

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 11 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
	4	Amount of this payment (line 2 minus line 3). Enter here and
in your Record of Estimated Income Tax Payments....................... 	 4
	 Name Doing Business As (dba)			
	 Legal Name
	 Street or Other Mailing Address
	 City	

State	

ZIP Code

Check One:		C corporation		
Nebraska ID Number	

4

Federal ID Number	

S Corporation
Taxable Year Ending

This installment is due on or before the
15th day of the 12th month of the taxable year.

Use our safe and secure Nebraska e-pay system to make and manage your
Nebraska business tax payments. Please visit revenue.nebraska.gov for additional information about e-pay.
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.
8-013-2023