Arizona Booklet 120es - Corporation Estimated Tax Payment

Arizona Booklet 120es - Corporation Estimated Tax Payment - 2014 Page 6

Arizona Form 120W

Line 35 - Nonrefundable Tax Credits

Line 38 - Claim of Right Adjustment (Forms 120

and 120A)

Enter the total amount of nonrefundable tax credits to which

the taxpayer is entitled because of events that occurred during

A taxpayer that computes its tax liability under the claim of

the months shown in the column headings above line 17.

right provisions should base its estimated tax liability on the

Calculate this amount using the instructions for 2013

net tax liability computed under the claim of right provisions.

Form 99T, line 9; 2013 Form 120, line 19; or 2013

Line 41 - Cumulative Installments

Form 120A, line 11; or 2013 Form 120S, line 15.

Complete column (a) before completing columns (b) through (d).

Line 37 - Refundable Tax Credits

Before completing line 41 in columns (b) through (d), complete

Enter the total amount of refundable tax credits to which the

lines 42 through 48 in each of the preceding columns.

taxpayer is entitled because of events that occurred during the

EXAMPLE: Complete lines 42 through 48 in column (a)

months shown in the column headings used to calculate

before completing line 41 in column (b).

taxable income for the period. Calculate this amount using

the instructions for 2013 Form 99T, line 12; 2013 Form 120,

line 22; or 2013 Form 120A, line 14; or 2013 Form 120S,

line 18.

Arizona Booklet 120es - Corporation Estimated Tax Payment - 2014 Page 6