Arizona Form 120w - Estimated Tax Worksheet For Corporations - 2013

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ARIZONA FORM
120W
2013
Estimated Tax Worksheet for Corporations
(Taxpayers Filing Forms 99T, 120, 120A, and 120S)
00
1 Arizona tax liability - see instructions before completing this line ..................................................................................
1
2 Required annual payment.
00
a Enter 90 percent of line 1 .................................................................................................
2a
00
b Forms 99T, 120, and 120A - enter the tax as shown on the 2012 return. See instr. .........
2b
00
c Form 120S. See instructions ............................................................................................
2c
00
d Forms 99T, 120, and 120A - enter the smaller of line 2a or line 2b. Form 120S - enter the smaller of line 2a or line 2c ...... 2d
Required Installments - Due Dates and Amounts
(a)
(b)
(c)
(d)
3 Installment due dates. See instructions .............................
3
4 Required installments. Enter 25 percent of line 2d in
columns (a) through (d) unless the taxpayer uses the
annualized income installment method, the adjusted
seasonal installment method or is a “large corporation”. See instr. 4
Schedule A - Required Installments Using the Annualized Income or Adjusted Seasonal Installment Methods Under IRC § 6655(e)
Part I - Annualized Income Installment Method
(a)
(b)
(c)
(d)
First____
First____
First____
First____
Months
Months
Months
Months
1 Annualization periods. See instructions ................................................................
1
2 Enter taxable income for each annualization period .............................................
2
3 Annualization amounts. See instructions ..............................................................
3
4 Annualized taxable income. Multiply line 2 by line 3.............................................
4
5 Calculate the tax on the amount in each column on line 4. See instructions .......
5
6 Enter tax from recapture of tax credits for each payment period - see instr. ...........
6
7 Subtotal tax. Add lines 5 and 6 .............................................................................
7
8 For each period, enter the amount of nonrefundable tax credits. See instr. ...........
8
9 Arizona tax liability - subtract line 8 from line 7. If zero or less, enter zero ...........
9
10 Refundable tax credits - see instructions ..............................................................
10
11 Claim of right adjustment - see instructions ..........................................................
11
12 Net liability - subtract the sum of line 10 and line 11 from line 9.
If zero or less, enter zero ......................................................................................
12
22.5%
45%
67.5%
90%
13 Applicable percentage ..........................................................................................
13
14 Multiply line 12 by line 13......................................................................................
14
15 Add the amounts in all preceding columns from page 2, Part III, line 48 - see instr. ....
15
16 Annualized income installments. Subtract line 15 from line 14.
If zero or less, enter zero ......................................................................................
16
Part II - Adjusted Seasonal Installment Method
(Caution: Use this method only if the base period percentage of any 6 consecutive
(a)
(b)
(c)
(d)
months is at least 70%. See the instructions for more information.)
First 3
First 5
First 8
First 11
Months
Months
Months
Months
17 Enter taxable income for the following periods:
a Taxable year beginning in 2010 ........................................................................
17a
b Taxable year beginning in 2011 ........................................................................
17b
c Taxable year beginning in 2012 ........................................................................
17c
18 Enter taxable income for each period for taxable year beginning in 2013 ............
18
ADOR 10551 (12)

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