Form 120es - Arizona Corporation Estimated Tax Payment - 2014 Page 2
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2Arizona Form 120ES
Estimated Tax Payments via the Internet
Underpayment of Required Installments of
Estimated Tax
Taxpayers
must
be
licensed
by
the
Department
of
Revenue before they can register to pay taxes online. Visit
If the taxpayer is required to make Arizona corporate estimated
to register and make estimated tax payments
tax payments, a penalty will be imposed on any required
over the internet. If the taxpayer makes its estimated tax
installment that is late or underpaid.
payments via the internet, the taxpayer should not submit
Recomputing Required Installments of Estimated
Form 120ES to the department.
Tax
Electronic payment from checking or savings account
If the taxpayer, after paying one or more required installments
Estimated tax payments can be made electronically from
of estimated tax, finds that its tax liability for the taxable year will
a checking or savings account. Visit and
be more or less than originally estimated, the taxpayer should
choose the e-check option. There is no fee to use this method.
recompute its required installments. If earlier installments
This payment method will debit the amount from the specified
were underpaid, the taxpayer may be subject to a penalty for
checking or savings account on the date specified. If an
underpayment of estimated tax.
electronic payment is made from a checking or savings account,
a confirmation number will be generated. Please keep this
If a new estimate is made, the required installments payable
confirmation number as proof of payment.
on or after the date of the new estimate should be adjusted. An
immediate “catch-up” payment should be made to reduce the
Credit card payment
amount of any penalty resulting from the underpayment of any
Estimated tax payments can be made via American
earlier installments, whether caused by a change in estimate,
Express, Discover, MasterCard or VISA credit cards. Visit
failure to make a payment, or a mistake.
and choose the credit card option. This will take
Completing Form 120ES
you to the web site of the credit card payment service provider.
The service provider will charge a convenience fee based on the
Complete the form in its entirety to ensure the proper application
amount of the tax payment. The service provider will disclose the
of the estimated tax payment.
amount of the convenience fee during the transaction and the
option to continue or cancel the transaction will be presented.
Enter the following information on Form 120ES:
If you accept the convenience fee and complete the credit card
• ending date of the taxable year for which the payment is
transaction, a confirmation number will be generated. Please
made;
keep this confirmation number as proof of payment.
• sequence number of the estimated tax payment;
Who is Required to Make Estimated Tax Payments
• taxpayer name, address and employer identification number
Entities filing Forms 99T, 120, 120A, and 120S that expect an
(EIN) as it will appear on the tax return. If the taxpayer has a
Arizona tax liability for the taxable year of at least $1,000 are
foreign address, enter the information in the following order:
required to make Arizona estimated tax payments.
city, province or state, and country. Follow the country’s
practice for entering the postal code. Do not abbreviate
A unitary group of corporations filing a combined return on
the country’s name;
Form 120 must make estimated tax payments on a combined
basis. Therefore, a unitary group, as a single taxpayer, must
• amount of the estimated tax payment (in whole dollars).
make estimated tax payments if its Arizona tax liability for the
Check the applicable box on the form if the estimated tax
taxable year is at least $1,000.
payment applies to a taxable year for which:
An Arizona affiliated group filing a consolidated return pursuant
• the taxpayer will file an initial return under the name and EIN
to A.R.S. § 43-947 on Form 120 must make estimated tax
listed; or
payments on a consolidated basis. Therefore, an Arizona
affiliated group, as a single taxpayer, must make estimated tax
• the name and/or address listed is different from the name
payments if its Arizona tax liability for the taxable year is at least
and/or address under which the preceding taxable year’s
$1,000.
return was filed; and/or
When to Make Estimated Tax Payments
• the EIN listed is different from the EIN under which the
preceding taxable year’s return was filed. If the EIN has
Calendar year and fiscal year basis taxpayers are required to
changed, list the prior EIN.
make their Arizona corporate estimated tax payments by the
15th day of the 4th, 6th, 9th, and 12th months of the taxable
Rounding Dollar Amounts
year. If the installment due date falls on a weekend or legal
holiday, the payment is considered timely if made on the next
Taxpayers must round amounts to the nearest whole dollar. If 50
business day.
cents or more, round up to the next dollar. If less than 50 cents,
round down.
Computation of Required Installments of Estimated
Tax on Form 120W
Taxpayers should use Form 120W, Estimated Tax Worksheet
for Corporations, to compute the amount of the required
installments of estimated tax.
ADOR 10339 (13)
2
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