Arixona Form 120ext Instruction - Application For Automatic Extension Of Time To File Arizona Form Corporation, Partnership, And Exempt Organization Returns - 2011 Page 2
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2Arizona Form 120EXT
D. Information Return Penalty. An information return that
Line 4 -
is incomplete or filed after its due date (including extensions)
Form 120, 120A, 120S and 99T filers: The taxpayer must pay at
is subject to a $100 penalty for each month, or fraction of a
least 90 percent of its tax liability by the original due date of the
month, that the failure continues, up to a maximum penalty of
return. If the estimated tax payments reported on line 2 are less
$500. This applies to Form 99 and Form 165. It also applies
than 90 percent of the amount on line 1, the taxpayer must make
to Form 120S when no tax liability is due.
an extension payment. Payments can be made via check,
E. Interest. The department assesses interest on any portion of
electronic check, money order, or credit card.
the tax, whether determined by the department or the taxpayer,
Check or money order
not paid by the date prescribed for its payment. The department
Make checks payable to Arizona Department of Revenue.
applies interest, compounded annually, in the same manner and
Write the taxpayer's EIN on the front of the check or money
at the same times as prescribed by Internal Revenue Code
order. Include the check or money order with the extension
§ 6621 with the following exception. Exception: The Arizona
request.
rate of interest for both underpayments and overpayments for
Internet Payments
all taxpayers is the federal underpayment rate under IRC
§ 6621(a)(2) [the federal short-term rate, determined pursuant
Corporate taxpayers must be licensed by the Department of
to IRC § 6621(b), plus three percentage points]. On January 1
Revenue before they can register to pay taxes online. Visit
of each year, the department adds any interest outstanding as of
to register and make payments over the internet.
that date to the principal amount of the tax. It is then a part of
Electronic payment from checking or savings account
the principal amount of the tax and accrues interest until paid.
Payments can be made electronically from a checking or savings
Rounding Dollar Amounts
account. Visit and choose the e-check option.
There is no fee to use this method. This payment method will debit
Taxpayers must round amounts to the nearest whole dollar. If
the amount from the specified checking or savings account on the
50 cents or more, round up to the next dollar. If less than 50
date specified. If an electronic payment is made from a checking
cents, round down.
or savings account, a confirmation number will be generated.
Extension Payment Computation
Please keep this confirmation number as proof of payment.
(Form 99T, 120, 120A, and 120S filers only)
Credit card payment
NOTE: Refer to the tax form and its instructions for information
Payments can be made via American Express, Discover,
regarding the computation of the tax liability (including the $50
MasterCard or VISA credit cards. Visit and
minimum tax).
choose the credit card option. This will take you to the website
of the credit card payment service provider. The service
Line 1 -
provider will charge a convenience fee based on the amount of
Form 120 filers: Begin the tax liability computation on page 1,
the tax payment. The service provider will disclose the amount
line 16 of the 2011 Form 120. The amount entered on Form
of the convenience fee during the transaction and the option to
120EXT, line 1, should equal the amount computed for the
continue or cancel the transaction will be presented. If you
2011 Form 120, page 1, line 24, less the amount computed for
accept the convenience fee and complete the credit card
line 25. Reduce this amount by the claim of right adjustments,
transaction, a confirmation number will be generated. Please
if applicable. If the amount is less than zero, enter zero.
keep this confirmation number as proof of payment.
Form 120A filers: Begin the tax liability computation on
Who May Sign Form 120EXT
page 1, line 8 of the 2011 Form 120A. The amount entered
on Form 120EXT, line 1, should equal the amount computed
The person authorized to sign Form 120EXT may be:
for the 2011 Form 120A, page 1, line 16, less the amount
a duly authorized agent holding a power of attorney;
computed for line 17. Reduce this amount by the claim of right
a principal officer of the organization for Form 99 and
adjustments, if applicable. If the amount is less than zero,
Form 99T filers;
enter zero.
a principal officer of the corporation for Form 120, 120A,
Form 120S filers: The S corporation itself is subject to tax
and 120S filers; and
(including the $50 minimum tax) only if it has income or (loss)
a general partner authorized to file the partnership return
subject to tax at the corporate level on the federal Form 1120-S.
for Form 165 filers.
Income subject to tax is excess net passive income, capital gains,
or certain built-in gains, reported on Form 120S, page 1, lines 2
Mailing Arizona Extension Requests
and 3.
If you are including a payment with the Arizona extension request,
Begin the tax liability computation on page 1, line 12 of the
mail the request and payment to: Arizona Department of Revenue,
2011 Form 120S. The amount entered on Form 120EXT, line 1,
PO Box 29085, Phoenix, AZ 85038-9085. If you are mailing the
should equal the amount computed for the 2011 Form 120S,
request without a payment, mail the request to: Arizona Department
page 1, line 20, less the amount computed for line 21.
of Revenue, PO Box 29079, Phoenix, AZ 85038-9079.
Form 99T filers: The amount entered on Form 120EXT, line
The extension request must be postmarked by the original due date
1, should equal the amount computed for the 2011 Form 99T,
of the return. Mark "Extension Request" on the envelope. No copy
page 1, line 7.
will be returned to the taxpayer unless the request is denied. Keep a
copy of Form 120EXT for the taxpayer's records.
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