Fillable Form Ar1002es - Fiduciary Estimated Tax Payment

STATE OF ARKANSAS

Fiduciary Estimated Tax Declaration Vouchers

and Instructions for Tax Year 2013

Click Here to Clear Entire Document

WHO MUST FILE A DECLARATION

If you request an extension of time to file your federal fiduciary tax return

OF ESTIMATED TAX (Voucher 1)

(Form 7004) you can receive the same 5 month extension on your state

return. If you do not file a federal extension, you can request a 180 day

Every taxpayer subject to the Income Tax Act of 1987, as amended, must file

state-only extension on Form AR1055 before the filing date of April 15th (for

with the Department of Finance and Administration a Declaration of Estimated

calendar year filers). Submit a copy of your federal or state extension

Tax (Voucher 1) for the income year if the taxpayer can reasonably expect

with Voucher 5 and payment.

their estimated tax to be more than one thousand dollars ($1,000).

HOW TO COMPLETE DECLARATION

Exception: Fiduciary returns whose income from farming for the income year

AND VOUCHERS

can reasonably be expected to amount to at least two thirds (2/3) of the total

gross income from all sources for the income year may file a declaration and

Fill out the Estimated Tax Worksheet to figure your estimated tax for

pay the estimated tax on or before the fifteenth (15

) day of the second (2

)

2013. Consider all available facts that will affect items during the year.

month after the close of the income year. Instead of filing a declaration, you

It may be helpful to use last year’s tax return as a starting point, making

may file an income tax return and pay the full amount of tax on or before the

adjustments for 2013.

fifteenth (15

) day of the third (3

) month after the close of the income year.

Enter one-fourth (1/4) of Line 7 of the worksheet on “Amount of This

Payment” space of voucher. Round payment to nearest whole dollar.

WHEN TO FILE YOUR DECLARATION OF

If previously requested on AR1002/AR1002NR, the overpayment from

ESTIMATED TAX (Voucher 1)

2012 will be credited to your estimated tax for 2013.

Attach to the voucher your check or money order payable to the Depart-

Calendar year 2013 filers must file their Declaration of Estimated Tax

ment of Finance and Administration.

on or before April 15 of the income year.

Fiscal year filers must file their Declaration of Estimated Tax on or before

Be sure to write your Federal Identification Number your check

the fifteenth (15

) day of the fourth (4

) month of the income year with

or money order.

the subsequent payments being made on a quarterly installment basis

(see table on Vouchers 3 and 4).

WHERE TO FILE YOUR DECLARATION OF

IMPORTANT NOTICE

ESTIMATED TAX (Voucher 1)

If the due date of a voucher falls on a Saturday, Sunday, or

Mail your Declaration of Estimated Tax (Voucher 1) and subsequent payments

legal holiday, the payment will be considered timely filed if it

(with vouchers) to the following address:

is postmarked on the next succeeding business day.

Department of Finance and Administration

UNDERESTIMATE OF TAX

Income Tax Section

P.O. Box 9941

A taxpayer who makes a Declaration of Estimated Tax for the income year

Little Rock, AR 72203-9941

must estimate an amount not less than ninety percent (90%) of the amount

actually due. If a taxpayer fails to make a Declaration of Estimated Tax and

pay on the quarterly due date the equivalent of at least ninety percent (90%)

If further instructions are needed, you may:

of the amount actually due, a penalty of ten percent (10%) per annum shall

be added to the amount of the underestimate. The ten percent (10%) per

Call us at (501) 682-1100, toll free at 1-800-882-9275, or

annum penalty will be assessed on a quarterly basis. A taxpayer who has

uneven income may compute the ten percent (10%) penalty on an annualized

Come by our office, Room 2300, Joel Y. Ledbetter Building, 7

and

basis. The Underestimate Penalty is computed on the lesser of the current

Wolfe, Little Rock, AR, or

year’s tax liability or the previous year’s tax liability.

Write us at P.O. Box 3628, Little Rock, AR 72203-3628.

EXTENSION PAYMENT – Due April 15

, 2014

Included with Vouchers 1 through 4 is Voucher 5 for making your payment

with an extension (if needed) for tax year 2013. A payment made with

Voucher 5 will not be included as an estimated payment for calculating

Underestimate Penalty.

AR1000ES Instr. (R 12/31/12)

Form Ar1002es - Fiduciary Estimated Tax Payment - 2013

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