Declaration Of Estimated Tax For Corporation Income Tax Page 3
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4Missouri Department of Revenue
Declaration of Estimated Tax for Corporation Income Tax
General Instructions
f) 90 percent of the tax for the taxable year computed by placing on an
annualized basis the taxable income for the months in the taxable
Corporations required to file estimated tax payments:
year ending before the month that the installment is required to be paid.
If your corporation is subject to income tax under
Chapter 143, RSMo
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to obtain the current interest rate.
(including those with unrelated business taxable income and excluding
Note:
qualified S corporations), your corporation is required to make estimated
Exceptions (b) and (e) do not apply to large corporations (defined in
tax payments for the taxable year if your Missouri estimated tax can
Section
143.761.6,
RSMo, as one that in any of the three preceding
reasonably be expected to be at least $250
(Section 143.521.2,
RSMo).
taxable years had a federal taxable income of at least one million
Do not use Form MO-1120ES for S corporation shareholder composite
returns. Estimated tax payments may be applied to unpaid corporation
dollars and Missouri taxable income of at least one hundred thousand
income taxes and franchise taxes.
dollars). Please see Section 143.761, RSMo, and
12 CSR 10-2.067
for
other exceptions provided by law and further clarification.
When to file and pay estimated tax payments:
Rounding on estimated tax payments:
You must file the estimated tax payments along with Form MO-1120ES,
You must round all cents to the nearest whole dollar. For 1 cent through
on or before the 15th day of the 4th, 6th, 9th, and 12th months of the tax
49 cents, round down to the previous whole dollar amount (round $32.49
year. When the due date falls on a Saturday, Sunday, or legal holiday,
down to $32.00) on the form. For 50 cents through 99 cents, round up to
the payment will be considered timely if made on the next business day.
the next whole dollar amount (round $32.50 up to $33.00) on the form.
Payments must accompany the Form MO-1120ES. Your corporation will
The zeros have already been placed in the cent columns.
not receive a quarterly billing.
Voucher Book Information:
Paying estimated tax payments online: You can file and pay Declaration
of Estimated Tax for Corporation Income Tax (Form MO-1120ES), online
There are occasions when it is necessary for you, the taxpayer, to
using a Credit Card or E-Check (Electronic Bank Draft). To file and pay
contact the Department of Revenue to request a new voucher book.
Please visit the Department’s website at
online, please visit
to find out when to request a new voucher book.
Changes in Taxable income:
Estimated Tax Worksheet:
On April 15, your corporation may not be required to file an estimated
1. Enter your estimated Missouri taxable income.
tax payment. In the event a change in income later requires an
e st i m a t e d t a x p a ym ent , t h e t i m e f or f i l i n g i s a s f o l l o w s :
2. Multiply Line 1 by 6.25 percent and enter the result on Line 2.
June 15 if the change occurs after April 1 and before June 2; September
3. List the amount of the approved tax credit you will be taking on your
15 if the change occurs after June 1 and before September 2;
Corporation Income Tax Return. The credit must be purchased or
December 15 if the change occurs after Sep tem ber 1. (These dates
approved by the administering agency before it can be included on your
only apply to a calendar year corporation. For fiscal year corporations,
estimated tax worksheet.
complete the Estimated Tax Worksheet
[Section 143.531,
RSMo]).
4. Subtract Line 3 from Line 2 and enter the result on Line 4.
Note:
5. Determine your filing date and multiply Line 4 by the appropriate
Filing an estimated tax payment, amended estimated tax payment, or
fraction based on the information listed on Line 5 of the worksheet.
payment on the last installment date of the taxable year will not
relieve the corporation of additions to tax for failure to pay the estimated
6. Enter the amount of your installment from Line 5 and subtract any
tax by the designated due dates.
approved overpayment credit. (Each installment should be equal
amounts.)
Amended estimated tax payments:
If your corporation has filed an estimated tax payment(s) and
Form MO-1120ES:
later determines its estimated tax has substantially changed, the
• Verify name, address, Missouri Tax I.D. Number, and Federal I.D.
estimated tax payment that is to be filed on or before the next filing date,
Number on Form MO-1120ES. If any information is missing, please fill
must reflect the amended figures. A worksheet is provided for determining
in the correct information.
the amended estimated tax.
• Enter on Form MO-1120ES, Line 5, the amount of the installment
Additions to tax for failure to pay estimated tax:
payment from Line 6c of the Estimated Tax Worksheet.
Section 143.761,
RSMo, provides for additions to tax for underpayment
of estimated tax. Calculate the additions to tax and the applicable rate
• Mail remittance, payable to the Missouri Department of Revenue.
of interest from the date of the underpaid installment
(Form
MO-2220).
Include the Missouri Tax I.D. Number on the check or money order
Interest will be charged on all delinquent payments. Additions to tax do not
(U.S. funds only).
apply if each installment is paid timely, and the total amount of all payments
If the declaration must be amended:
of estimated tax made on or before the last date prescribed for payment of
such installment equals or exceeds:
• Complete the Amended Estimated Tax Worksheet.
• Enter the revised amounts on the remaining forms.
a) 90 percent of the tax shown on the return (Form MO-1120) for the
taxable year; or
• Mail with remittance, payable to the Missouri Department of Revenue.
b) the tax shown on the preceding year’s return, if the return showed a
If you have any questions concerning Missouri Corporation Estimated
tax liability and was a taxable year of 12 months; or
Tax Payments, please write to:
c) 90 percent of the tax on the annualized taxable income of periods
Missouri Department of Revenue
from the first of the year to the end of the month preceding that in
P.O. Box 3365
which an installment is due; or
Jefferson City, MO 65105-3365
d) 90 percent of the tax computed on the basis of the actual taxable
(573) 751-4541
income for the months in the taxable year ending before the
Individuals with speech or hearing impairments call TTY at
month that the installment is required to be paid as if such months
(800) 735-2966.
constituted the taxable year; or
E-mail:
corporate@dor.mo.gov
e) the tax figured by using the current year’s rates but based on the
prior year’s return and the law that applied to the prior year; or
Visit
for more information about corporate tax.
Form MO-1120ES (Revised 12-2015)
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