Form Mo-1120es - Declaration Of Estimated Tax For Corporation Income Tax Page 4
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12MO-1120es Book.qxd
10/10/2004
12:54 PM
Page 4
GENERAL INSTRUCTIONS
CORPORATIONS REQUIRED TO FILE ESTIMATED TAX PAY-
before September 2; December 15 if the change occurs after Sep-
MENTS: If your corporation is subject to income tax under Chapter
tember 1. (These dates only apply to a calendar year corporation. For
143, RSMo (including those with unrelated business taxable income
fiscal year corporations, complete the Estimated Tax Worksheet
and excluding qualified S corporations), your corporation is required to
[Section 143.531, RSMo]).
make estimated tax payments for the taxable year if your Missouri
PLEASE NOTE: Filing an estimated tax payment, amended estimat-
estimated tax can reasonably be expected to be at least $250
ed tax payment, or payment on the last installment date of the taxable
(Section 143.521.2, RSMo). Do not use Form MO-1120ES for S cor-
year will not relieve the corporation of additions to tax for failure to pay
poration shareholder composite returns. Estimated tax payments
the estimated tax by the designated due dates.
may be applied to unpaid corporate income taxes and franchise taxes.
AMENDED ESTIMATED TAX PAYMENTS: If your corporation has
WHEN TO FILE AND PAY ESTIMATED TAX PAYMENTS: You must
filed an estimated tax payment(s) and later determines its estimated
file the estimated tax payments along with Form MO-1120ES, on or
tax has substantially changed, the estimated tax payment that is to be
before the 15th day of the 4th, 6th, 9th, and 12th months of the tax
filed on or before the next filing date, must reflect the amended fig-
year. When the due date falls on a Saturday, Sunday, or legal holiday,
ures. A worksheet is provided in this book for determining the amend-
the payment will be considered timely if made on the next business
ed estimated tax.
day. Payments must accompany the Form MO-1120ES. Your corpo-
ration will not receive a quarterly billing.
ADDITIONS TO TAX FOR FAILURE TO PAY ESTIMATED TAX:
Section 143.761, RSMo, provides for additions to tax for underpayment
CHANGES IN TAXABLE INCOME: On April 15, your corporation
of estimated tax. Calculate the additions to tax and the applicable rate
may not be required to file an estimated tax payment. In the event a
change in income later requires an estimated tax payment, the time
of interest from the date of the underpaid installment (Form MO-2220).
for filing is as follows: June 15 if the change occurs after April 1 and
Interest will be charged on all delinquent payments. Additions to tax do
before June 2; September 15 if the change occurs after June 1 and
not apply if each installment is paid timely, and the total amount of all
MO 860-1831 (11-2004)
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