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Show Time Running Out On Tax Returns; Monday Last Day Mr. Roland V. Wise, Director of the Salt Lake City District office of Internal Revenue reminded re-minded Utah taxpayers that April 16, 1962 is the due date for filing their 'declarations of estimated esti-mated income tax for the calendar calen-dar year 1962. Mr. Wise added that Form 1040-ES must be used for this purpose and it must be accompanied accom-panied by a payment of at least one-ffourth of the tax estimated to be due for the year after deducting de-ducting credits to which the taxpayer tax-payer will be entitled (such as the income tax to be withheld from salary or wages during the year). 1 He explained that after a taxpayer tax-payer estimates the total tax he will be required to pay for the year, and subtracts the credits to which he is entitled (such as the 'ncome tax to be withheld), the 'axoayer is liable for filing the Form 1040-ES if his remaining estimated tax can reasonably be expected to be more than $40 and his estimated gross income: (1) Includes more than $200 f income not subject to withholding; with-holding; (2) Exceeds $5,000, if he is a single person who does not qualify quali-fy as a Surviving Spouse or a Head of Household, or he is a married person not entitled to file a joint Form 1040-ES: (3) Exceeds $10,000, if he qualifies as a Surviving Spouse or Head of Household; or (4) Exceeds $5,000, if he is married and entitled to file a joint Form 1040-ES and the combined com-bined estimated income of he and his wife exceeds $10,000. Director Wise went on to say that the new law requiring all taxpayers to have an identification identifica-tion number for tax purposes will apply to the Form 1040-ES for the first time this year. All taxpayers tax-payers who have Social Security numbers must enter them on the Form 1040-ES, for this purpose. Those who do not have a Social Security number must file their Form 1040-ES on time and should not wait until they are issued a number. The Internal Revenue Service will inspect all such forms this year and will mail application . blanks to all taxpayers who did not enter a Social Security number on their Form 1040-ES. If you do not have a number, you should not contact con-tact the Service for such an application, ap-plication, since it will be mailed to you automatically. |