Arizona Form
Estimated Tax Worksheet for Corporations
2015
120W
(Taxpayers Filing Forms 99T, 120, 120A, and 120S)
00
1 Arizona tax liability: See instructions before completing this line ...................................................................................................
1
2 Required annual payment:
a Enter 90% of line 1 .....................................................................................................................
00
2a
b Forms 99T, 120, and 120A: Enter the tax as shown on the 2014 return. See instructions................
00
2b
00
c Form 120S: See instructions .......................................................................................................
2c
d Forms 99T, 120, and 120A: Enter the smaller of line 2a or line 2b. Form 120S: Enter the smaller of line 2a or line 2c..............................
00
2d
Required Installments – Due Dates and Amounts
(a)
(b)
(c)
(d)
3 Installment due dates: See instructions .........................
M M D D Y Y
M M D D Y Y
M M D D Y Y
M M D D Y Y
3
4 Required installments: Enter 25% of line 2d in columns
(a) through (d) unless the taxpayer uses the annualized
income installment method, the adjusted seasonal installment
method or is a “large corporation”. See instructions ............
4
Required Installments Using the Annualized Income or Adjusted Seasonal Installment Methods
SCHEDULE A
Under IRC § 6655(e)
Part I
Annualized Income Installment Method
(a)
(b)
(c)
(d)
1 Annualization periods: See instructions ..............................
First
Months
First
Months
First
Months
First
Months
1
2 Enter taxable income for each annualization period ..............
2
3 Annualization amounts: See instructions ............................
3
4 Annualized 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 For each period, enter the amount of nonrefundable tax
credits: See instructions ....................................................
8
9 Arizona tax liability: Subtract line 8 from line 7. If zero or
less, enter zero .................................................................
9
10 Refundable tax credits: See instructions .............................
10
11 Claim of right adjustment: See instructions ........................
11
12 Net liability: Subtract the sum of line 10 and line 11 from
line 9. If zero or less, enter zero ........................................
12
13 Applicable percentage ........................................................
22.5%
45%
67.5%
90%
13
14 Multiply line 12 by line 13 ..................................................
14
15 Add the amounts in all preceding columns from page 2,
Part III, line 48: See instructions .......................................
15
16 Annualized income installments: Subtract line 15 from
line 14. If zero or less, enter zero ......................................
16
Part II
Adjusted Seasonal Installment Method
CAUTION: Use this method only if the base period percentage of any 6 consecutive months is at least 70%. See the instructions for more information.
(a)
(b)
(c)
(d)
First 3 Months
First 5 Months
First 8 Months
First 11 Months
17 Enter taxable income for the following periods:
a Taxable year beginning in
2012
.......................................
17a
b Taxable year beginning in
2013
.......................................
17b
c Taxable year beginning in
2014
.......................................
17c
18 Enter taxable income for each period for taxable year
beginning in
2015
..............................................................
18
Continued on page 2
ADOR 10551 (14)