Arizona Form 220 - Underpayment Of Estimated Tax By Corporations - 2012
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4Underpayment of Estimated Tax by Corporations
ARIZONA FORM
2012
220
M M D D Y Y Y Y
M M D D Y Y Y Y
For the calendar year 2012 or fi scal year beginning
and ending
.
Attach to the corporation’s return.
Name as shown on Form 99T, 120, 120A, 120S
Employer identifi cation number (EIN)
NOTE: In most cases, the taxpayer DOES NOT HAVE TO FILE Form 220. (See Part A below for exceptions.) The department will compute any penalty
due and bill the taxpayer. [If the taxpayer does not have to fi le Form 220, the form may still be used to compute the penalty. Enter the amount of the
penalty on the estimated tax underpayment penalty line of the taxpayer’s return. Do not check the box on that line of the return or attach Form 220.]
Part A - Reasons for Filing Form 220
Check the boxes below that apply to the taxpayer. If any box is checked, the taxpayer must fi le Form 220 with the taxpayer’s tax return, even though no
penalty is due. See page 2 of the instructions.
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The taxpayer is using the annualized income installment method.
2
The taxpayer is using the adjusted seasonal installment method.
3
Forms 120 and 120A only. The taxpayer is a “large corporation” computing its fi rst required installment based on the prior taxable year’s tax liability.
4
Form 120S only. The taxpayer is computing its required annual payment based on an amount equal to the sum of: (a) ninety percent of the
portion of the current taxable year’s liability attributable to built-in gains income or certain capital gains income; plus (b) one hundred percent of
the portion of the prior taxable year’s tax liability attributable to excess net passive income.
Part B - Calculation of Underpayment
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2012 Arizona tax liability - from Form 99T, line 6; or Form 120, line 23 less line 24; or Form 120A, line 15 less line 16;
00
or Form 120S, line 19 less line 20. Taxpayers with a claim of right tax calculation - see instructions ................................. 5
6
REQUIRED ANNUAL PAYMENT.
00
a Enter 90 percent of line 5 ...................................................................................................
6a
00
b Forms 99T, 120, and 120A - enter the tax as shown on the 2011 return. See instructions ...
6b
00
c Form 120S - see instructions .............................................................................................
6c
00
d Forms 99T, 120, and 120A - enter the smaller of line 6a or line 6b. Form 120S - enter the smaller of line 6a or line 6c .. 6d
(a)
(b)
(c)
(d)
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Installment due dates. In columns (a) through (d), enter the 15th
day of the 4th, 6th, 9th, and 12th months of the taxable year .........
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8
Required installments. If the box on line 1 and/or line 2 above
is checked, enter the amounts from Schedule A, Part III, line 52.
If the box on line 3 above is checked (but not the box on line 1 or
line 2), see instructions, page 3, for the amounts to enter. If the
box on line 4 above is checked, or if none of these boxes are
checked, enter 25 percent of line 6d in each column ......................
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9
Estimated tax paid or credited for each period (see pages 3 and 4
of the instructions). For column (a) only - skip lines 10 through
12. Enter the amount from line 9 on line 13 ....................................
9
Complete lines 10 through 16 of one column before
completing the next column.
10
For columns (b) through (d) only - enter the amount, if any,
from line 16 of the preceding column ..............................................
10
11
For columns (b) through (d) only - add lines 9 and 10.
Enter the total ..................................................................................
11
12
For columns (b) through (d) only - add the amounts on lines 14
and 15 of the preceding column ......................................................
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13
For columns (b) through (d) only - subtract line 12 from line 11.
If zero or less, enter zero ................................................................
13
14
For columns (b) and (c) only - if the amount on line 13 is zero,
subtract line 11 from line 12. Otherwise, enter zero .......................
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Underpayment. If line 13 is less than or equal to line 8, subtract
line 13 from line 8. Then go to line 10 of the next column (see
page 4 of the instructions). Otherwise, go to line 16 ......................
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Overpayment. If line 8 is less than line 13, subtract line 8 from
line 13. Then go to line 10 of the next column ...............................
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ADOR 10342 (12)
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