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2018
Residential and HardtoReach
Standard Offer ProgramsPROGRAM Manageable of Contents
1PROGRAM OVERVIEW .................................................................................................................................2
1.1
1.2
1.3
1.4
1.5
1.6
1.72BACKGROUND
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What is reshtr sop?
Reshtr sop stands for Report of Estimated Tax on Single Proprietorship.
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Any single proprietorship business that expects to owe tax of $500 or more for the year is required to file reshtr sop.
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To fill out reshtr sop, the business owner must provide their estimated income, deductions, and credits for the year and calculate the estimated tax owed.
What is the purpose of reshtr sop?
The purpose of reshtr sop is to help business owners avoid underpayment penalties by making timely estimated tax payments throughout the year.
What information must be reported on reshtr sop?
The business owner must report their estimated income, deductions, credits, and the total estimated tax owed for the year on reshtr sop.
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