Form 140es 2001 Individual Estimated Tax Payment Instructions
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1
2Arizona Form
2001 Individual Estimated Tax Payment Instructions
140ES
Phone Numbers
For estimated payment purposes, the Arizona gross income of married
individuals who file a joint federal return is not the federal adjusted gross
income on that joint return. In order for each spouse to determine whether he
If you have questions, please call one of the following help numbers:
or she must make Arizona estimated payments, the spouses must determine
Phoenix
(602) 255-3381
what portion of the total income is attributable to each spouse. Each spouse
Nationwide, toll-free
(800) 352-4090
must compute his or her income as if filing a separate Arizona income tax
Form orders
(602) 542-4260
return. This calculation determines whether either spouse must make Arizona
Forms by Fax
(602) 542-3756
estimated income tax payments.
Recorded Tax Information
Each spouse must consider Arizona's community property laws when
Phoenix
(602) 542-1991
separately calculating his or her income. Any income that is designated as
Other Arizona areas, toll-free
(800) 845-8192
community income is taxable one-half to each spouse. Each spouse may
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claim one-half of the deductions and credits related to items of community
Phoenix
(602) 542-4021
property. In addition, each spouse may claim one-half of the total income tax
Other Arizona areas, toll-free
(800) 397-0256
withheld on community income. For estimated payment purposes, each
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spouse's Arizona gross income must reflect one-half of the community income
from all sources taxable to Arizona plus any separate income taxable to
General Information
Arizona.
For more information, see Arizona Department of Revenue Income Tax
•
Complete Form 140ES using black ink or blue ink.
Ruling ITR 92-1. To get a copy of this ruling, call one of the help numbers
•
Once you make an estimated payment, you must file a tax return for that
listed on this page of the instructions.
year in order to claim the estimated payment.
How Much Should My Estimated Payments
•
Total?
You must round each estimated payment to whole dollars (no cents).
•
Use Tax Table X or Y (in the 2000 tax instruction booklet) to help
If you have to make Arizona estimated payments, your payments must
estimate this year's tax liability. Figure this tax on your total annual
reasonably reflect your 2001 Arizona income tax liability. Your combined
income.
Arizona estimated income tax payments and Arizona withholding must total
The department will charge you a penalty if you fail to make any required
one of the following.
Underpayment of Estimated Tax by
estimated payment. Use Form 221,
1.
90 percent of the tax due for 2001.
Individuals
, to determine the amount of underpayment penalty. For the
2001 taxable year, the penalty is equal to the interest that would accrue on the
2.
100 percent of the tax due for 2000.
underpayment. The penalty cannot be more than 10 percent of the
You can use your 2000 tax to figure the amount of payments that you must
underpayment.
make during 2001 only if you were required to file and did file a 2000 Arizona
Required Payments
income tax return.
When Should I Make My Estimated Payments?
Arizona requires certain individuals to make estimated income tax payments.
For the most part, you must make your payments in four equal installments.
You must make Arizona estimated income tax payments during 2001 if either
The due dates for these installments for a calendar year taxpayer are as
of the following apply.
follows.
1.
You reasonably expect your Arizona gross income to exceed $75,000 in
Installment
Due Date
2001.
First
April 16, 2001
Second
June 15, 2001
2.
Your Arizona gross income in 2000 was greater than $75,000.
Third
September 17, 2001
In projecting current Arizona gross income, you must use ordinary business
Fourth
January 15, 2002
care and prudence.
The dates above apply to a 2001 calendar year individual. For fiscal years, the
What is Arizona Gross Income for the Purpose
payments are due on or before the 15th day of the fourth, sixth and ninth
of Estimated Income Tax Payments?
months of the current fiscal year, and the first month of the next fiscal year.
The Arizona gross income of a single individual will be the same as his or her
If 1 through 3 below apply, you do not have to make your payments
federal adjusted gross income reported on the federal return. The Arizona
in four equal installments.
gross income of a married individual who files separate returns for both
federal and Arizona purposes will be the federal adjusted gross income
1. File and pay by January 31, 2002. If you file your Arizona return by
reported on the federal return.
January 31, 2002, and pay in full the amount stated on the return as payable,
you do not have to make the fourth estimated tax payment. Fiscal year filers
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