Arizona Form 220 - Underpayment Of Estimated Tax By Corporations - 2004 Page 3
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4AZ Form 220 (2004) Page 3
Schedule A - Annualized Income Installment Method and/or Adjusted Seasonal Installment Method Under IRC § 6655(e)
Part I - Annualized Income Installment Method
(a)
(b)
(c)
(d)
First ____
First ____
First ____
First ____
1 Annualization periods - see instructions ..........................................................................
1
Months
Months
Months
Months
2 Enter taxable income for each annualization period........................................................
2
3 Annualization amounts - see instructions ........................................................................
3
4 Annualization taxable income. Multiply line 2 by line 3 ....................................................
4
5 Calculate the tax on the amount in each column on line 4 - see instructions ..................
5
6 Enter tax from recapture of tax credits for each payment period - see instructions.........
6
7 Subtotal tax - add lines 5 and 6 .......................................................................................
7
8 Clean Elections Fund Tax Reduction ($5). See instructions............................................
8
9 For each period, enter the amount of nonrefundable tax credits. See instructions .........
9
10 Arizona tax liability - subtract the sum of lines 8 and 9 from line 7. If zero or less,
enter zero.........................................................................................................................
10
11 Clean Elections Fund Tax Credit. See instructions..........................................................
11
12 Tax liability after Clean Elections Fund tax credit. Subtract line 11 from line 10 ..............
12
13 Refundable tax credits - see instructions.........................................................................
13
14 Other adjustments - see instructions ...............................................................................
14
15 Net liability - subtract the sum of lines 13 and 14 from 12. If less than zero, enter zero .
15
22.5%
45%
67.5%
90%
16 Applicable percentage .....................................................................................................
16
17 Multiply line 15 by line 16.................................................................................................
17
18 Add the amount in all preceding columns from page 4, Part III, line 54 -
see instructions................................................................................................................
18
19 Annualized income installments. Subtract line 18 from line 17. If zero or less,
enter zero.........................................................................................................................
19
Part II - Adjusted Seasonal Installment Method
(Caution: Use this method only if the base period percentage of any 6 consecutive
(a)
(b)
(c)
(d)
months is at least 70%. See the instructions for more information.)
First 3
First 5
First 8
First 11
20 Enter taxable income for the following periods:
Months
Months
Months
Months
a Taxable year beginning in 2001 ...................................................................................
20a
b Taxable year beginning in 2002...................................................................................
20b
c Taxable year beginning in 2003 ...................................................................................
20c
21 Enter taxable income for each period for taxable year beginning in 2004.......................
21
(a)
(b)
(c)
(d)
First 4
First 6
First 9
Entire
Months
Months
Months
Year
22 Enter taxable income for the following periods:
a Taxable year beginning in 2001 ...................................................................................
22a
b Taxable year beginning in 2002...................................................................................
22b
c Taxable year beginning in 2003 ...................................................................................
22c
23 Divide the amount in each column on line 20a by the amount in column (d)
on line 22a .......................................................................................................................
23
24 Divide the amount in each column on line 20b by the amount in column (d)
on line 22b .......................................................................................................................
24
25 Divide the amount in each column on line 20c by the amount in column (d)
on line 22c .......................................................................................................................
25
ADOR 91-0030 (04)
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