Form K-120es - Kansas Corporate Estimated Income Tax Voucher

ESTIMATED 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

2012

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 for

Tired of paper &

tax year 2012.

postage?

WHAT ARE ESTIMATED TAX PAYMENTS

2) Be sure to use the correct voucher for

Use KS WebTax to

the quarter in which you are remitting

A corporation is required to make estimated tax payments for the

pay your Kansas

payment. Enter all required information,

taxable year if its Kansas income tax liability can reasonably be

estimated tax.

including the amount of your payment.

expected to exceed $500. A corporation is not required to file a

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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, Topeka,

taxable year without any regard to an extension of time to file for the

KS 66625-2000.

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

When the due date falls on a Saturday, Sunday, or legal holiday,

payment to balance your account. The amendment of a voucher will

substitute the next regular workday.

not prevent imposition of a penalty on the previous installments.

Form K-120es - Kansas Corporate Estimated Income Tax Voucher - 2012

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