Form Ar1100esct - Estimated Corporation Income Tax Payment Voucher

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STATE OF ARKANSAS
Corporation Income Tax
Estimated Tax Declaration Vouchers
and Instructions
Click Here to Clear Entire Document
1.
WHO MUST MAKE ESTIMATED PAYMENTS.
Every taxpayer subject to the tax levied by Act 118 of 1929, as amended, except estates, shall make and file with the Commissioner of Revenue, Department of Fi-
nance and Administration, a declaration of the estimated tax for the tax year, if such taxpayer can reasonably expect the estimated tax to be more than $1,000.
A corporation with an estimated quarterly income tax liability equal to or greater than $20,000 is required to pay the estimates by the Electronic Funds
Transfer (EFT) method. A corporation with an estimated quarterly income tax liability less the $20,000 may elect to pay by the EFT method. Each corpora-
tion participating in the EFT payment method must contact the EFT Unit by mail, telephone, or visit our website listed below.
If the corporation is authorized to file and files the quarterly estimated income tax payments through the EFT method, paper estimated Vouchers are not
required to be mailed to the Corporation Income Tax Section. A corporation remitting estimated quarterly income tax payments, Vouchers 1 through 4,
through the EFT method must remit each payment no later than the day before each quarterly due date.
A corporation may file these estimated income tax payments through the Arkansas Taxpayer Access Point (ATAP) method. Please visit the above referenced
website for additional information.
Farming corporations whose income from farming for the tax year can reasonably be expected to amount to at least two-thirds (2/3) of the total gross in-
come from all sources for the tax year, may file such declaration and pay the estimated tax on or before the 15
day of the 2
month after the close of the
th
nd
tax year. In lieu of filing any declaration, the farming corporation may file an income tax return and pay the tax on or before the 15
day of the 3
month
th
rd
after the close of the tax year.
2.
WHEN TO FILE ESTIMATED AND EXTENSION PAYMENT VOUCHERS.
A. Estimate Vouchers 1 Through 4: A corporation required to file corporation income tax payment vouchers 1 through 4 must use the forms provided
or approved by the Corporation Income Tax Section to ensure the payment is properly applied. The estimated vouchers, with payments attached, are due
in four (4) equal installments as follows:
1. One-fourth (1/4) on or before the 15
day of the 4
month of the tax year.
th
th
2. One-fourth (1/4) on or before the 15
day of the 6
month of the tax year.
th
th
3. One-fourth (1/4) on or before the 15
day of the 9
month of the tax year.
th
th
4. One-fourth (1/4) on or before the 15
day of the 12
month of the tax year.
th
th
A corporation first meeting the requirements for filing a declaration of estimated income tax after the 15
day of the 4
month of the tax year, shall make
th
th
and file such declaration on or before the next regular quarterly tax payment due date.
B. Extension Voucher 5: A corporation required to file an extension corporation income tax payment, Voucher 5, must submit the Voucher, with pay-
ment attached, on or before the 15th day of the third month after the close of the Corporation’s tax year. The Voucher 5 Extension payment may be filed
through the EFT or ATAP methods referenced in item 1 above.
An Arkansas corporation income tax return filed after the original due date of two and one-half (2 ½ ) months after the close of the tax year will be assessed
interest and failure to file and/or failure to pay penalty from the original return due date until the date the return is filed and the tax is paid. This will include
the assessment of interest and penalty on a return filed on a federal or Arkansas extension, if the tax due as reflected on the return is not paid on or before
the original Arkansas return due date. Therefore, to avoid interest and penalty, any tax due reflected on the return must be paid on or before the 15th day
of the 3rd month after the close of the tax year.
3.
AMENDED DECLARATION.
If, after filing a declaration, the estimated tax is substantially increased or decreased as the result of a change in income or exceptions, an amended dec-
laration should be filed on or before the next regular quarterly tax payment date as set forth in section 2A above. Form AR1100ESCT shall be used when
it becomes necessary to file such amended declaration. Care must be taken to clearly mark Form AR1100ESCT as being “AMENDED DECLARATION.”
4.
UNDERESTIMATE OF TAX.
A taxpayer who makes a declaration of estimated tax for the tax year shall estimate an amount not less than 90% of the amount actually due. Should a
taxpayer fail to make an estimate on any quarterly due date equivalent to at least 90% of the final tax due, there shall be added a penalty of 10% on the
amount of the underestimate. The penalty herein provided shall not be applicable if the original amount of estimated tax paid is the same amount shown
to be due by the return of the taxpayer for the preceding year where such return showing a liability for tax was filed by the taxpayer for the preceding year
of 12 months. (Refer to instructions on back of Form AR2220.) A taxpayer who has an uneven income may compute the 10% penalty on an annualized
basis. Use Form AR2220A and attach of Form AR2220.
5.
CONTACT INFORMATION.
EFT Unit
Corporation Income Tax Section
P.O. Box 3566
P.O. Box 919
Little Rock, AR 72203-3566
Little Rock, AR 72203-0919
Phone: (501) 682-7105
Phone: (501) 682-4775
Fax: (501) 682-7904
Fax: (501) 682-7114
Email: EFTUnit@dfa.arkansas.gov
Email: corporation.income@dfa.arkansas.gov
Physical Address:
Ledbetter Building, Room 2250
1816 West 7
Street
th
Little Rock, AR 72201-1030

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