Form K-120es - Kansas Corporate Estimated Income Tax Voucher - 2014
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6ESTIMATED TAX PENALTY
If you do not pay enough estimated tax, a penalty may be charged
unless you meet one of the exceptions. Use Schedule K-220 to figure
any underpayment of estimated tax, to determine if you meet an
2014
exception to the penalty, and to figure any penalty due. The penalty is
based on the unpaid balance of estimated tax from the due date of
the installment to: 1) the date the installment was paid, or 2) the
Corporate Estimated Tax
original due date of the return, whichever is earlier.
“Underpayment of tax” means the difference between the amount
of tax actually paid and the amount of tax which would have been
required to be paid to avoid penalty.
Schedule K-220 is available from the department’s web site at:
HOW TO FILE YOUR ESTIMATED TAX
To ensure the most efficient processing of your payments, it is
important that you use only black ink to complete the vouchers.
1) Complete the enclosed worksheet to
calculate your estimated tax payments
Need to make a
for tax year 2014.
quick payment?
WHAT ARE ESTIMATED TAX PAYMENTS
2) Be sure to use the correct voucher for
It’s simple — pay
the quarter in which you are remitting
A corporation is required to make estimated tax payments for the
your estimated tax
payment. Enter all required information,
electronically. Visit
taxable year if its Kansas income tax liability can reasonably be
including the amount of your payment.
expected to exceed $500. A corporation is not required to file a
and get started.
declaration of estimated tax in its first year of existence in Kansas.
3) Write your federal Employer Identification
Number (EIN) on your check or money
WHEN TO FILE YOUR ESTIMATED TAX VOUCHERS
order and make payable to: Kansas
Corporate Estimated Tax.
Corporate estimated tax vouchers are due on or before the 15th
4) Send the voucher and payment to: Corporate Estimated Tax,
day of the fourth, sixth, ninth, and twelfth months of the corporate
Kansas Department of Revenue, 915 SW Harrison Street,
taxable year without any regard to an extension of time to file for the
Topeka, KS 66612-1588.
prior year’s income tax return.
If you need assistance completing your vouchers, contact the
SHORT TAXABLE YEARS: Any estimated tax, payable in
Kansas Department of Revenue at 785-368-8222.
installments, not paid before the 15th day of the last month of a short
taxable year (less than 12 months) must be paid on the 15th day of
AMENDED PAYMENTS
the last month of the short taxable year. If the short taxable year is
less than three and one-half months, an estimated voucher and tax
If you missed a payment or if you made a mistake which caused
payment are not required.
an underpayment in earlier installments, make an immediate payment
to balance your account. The amendment of a voucher will not prevent
When the due date falls on a Saturday, Sunday, or legal holiday,
imposition of a penalty on the previous installments.
substitute the next regular workday.
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