Arizona Form 120es - Corporation Estimated Tax Payment - 2013 Page 2
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2Arizona Form 120ES
Taxpayers whose Arizona corporate income tax liability for
Computation of Required Installments of Estimated
the preceding taxable year was less than $20,000 may elect
Tax on Form 120W
voluntary participation in the electronic funds transfer program.
Voluntary participants in the program must complete the
Taxpayers should use Form 120W, Estimated Tax Worksheet
department’s electronic funds transfer authorization agreement
for Corporations, to compute the amount of the required
at least 30 days prior to the fi rst applicable transaction.
installments of estimated tax.
Estimated Tax Payments via the Internet
Underpayment of Required Installments of
Estimated Tax
Taxpayers
must
be
licensed
by
the
Department
of
Revenue before they can register to pay taxes online. Visit
If the taxpayer is required to make Arizona corporate estimated
to register and make estimated tax payments
tax payments, a penalty will be imposed on any required
over the internet. If the taxpayer makes its estimated tax
installment that is late or underpaid.
payments via the internet, the taxpayer should not submit
Form 120ES to the department.
Recomputing
Required
Installments
of
Estimated Tax
Electronic payment from checking or savings account
If the taxpayer, after paying one or more required installments
Estimated tax payments can be made electronically from
of estimated tax, fi nds that its tax liability for the taxable year will
a checking or savings account. Visit and
be more or less than originally estimated, the taxpayer should
choose the e-check option. There is no fee to use this method.
recompute its required installments. If earlier installments
This payment method will debit the amount from the specifi ed
were underpaid, the taxpayer may be subject to a penalty for
checking or savings account on the date specifi ed. If an
underpayment of estimated tax.
electronic payment is made from a checking or savings account,
a confi rmation number will be generated. Please keep this
If a new estimate is made, the required installments payable
confi rmation number as proof of payment.
on or after the date of the new estimate should be adjusted. An
immediate “catch-up” payment should be made to reduce the
Credit card payment
amount of any penalty resulting from the underpayment of any
earlier installments, whether caused by a change in estimate,
Estimated tax payments can be made via American
failure to make a payment, or a mistake.
Express, Discover, MasterCard or VISA credit cards. Visit
and choose the credit card option. This will take
Completing Form 120ES
you to the website of the credit card payment service provider.
The service provider will charge a convenience fee based on the
Complete the form in its entirety to ensure the proper application
amount of the tax payment. The service provider will disclose the
of the estimated tax payment.
amount of the convenience fee during the transaction and the
option to continue or cancel the transaction will be presented.
Enter the following information on Form 120ES:
If you accept the convenience fee and complete the credit card
transaction, a confi rmation number will be generated. Please
•
ending date of the taxable year for which the payment is
keep this confi rmation number as proof of payment.
made;
•
sequence number of the estimated tax payment;
Who is Required to Make Estimated Tax Payments
•
taxpayer name, address and employer identifi cation number
(EIN) as it will appear on the tax return;
Entities fi ling Forms 99T, 120, 120A, and 120S that expect an
•
amount of the estimated tax payment (in whole dollars).
Arizona tax liability for the taxable year of at least $1,000 are
required to make Arizona estimated tax payments.
Check the applicable box on the form if the estimated tax
payment applies to a taxable year for which:
A unitary group of corporations fi ling a combined return on Form
120 must make estimated tax payments on a combined basis.
•
the taxpayer will fi le an initial return under the name and EIN
Therefore, a unitary group, as a single taxpayer, must make
listed; or
estimated tax payments if its Arizona tax liability for the taxable
•
the name, address or EIN listed is different from the name,
year is at least $1,000.
address or EIN under which the preceding taxable year’s
return was fi led. If the EIN has changed, list the prior EIN.
An Arizona affi liated group fi ling a consolidated return pursuant to
ARS § 43-947 on Form 120 must make estimated tax payments
Rounding Dollar Amounts
on a consolidated basis. Therefore, an Arizona affi liated group,
as a single taxpayer, must make estimated tax payments if its
Taxpayers must round amounts to the nearest whole dollar. If 50
Arizona tax liability for the taxable year is at least $1,000.
cents or more, round up to the next dollar. If less than 50 cents,
round down.
When to Make Estimated Tax Payments
Calendar year and fi scal year basis taxpayers are required to
make their Arizona corporate estimated tax payments by the
15th day of the 4th, 6th, 9th, and 12th months of the taxable
year. If the installment due date falls on a weekend or legal
holiday, the payment is considered timely if made on the next
business day.
ADOR 10339 (12)
2
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