Form 1120-W - Estimated Tax For Corporations - 2016 Page 3
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1
2
33
Form 1120-W (WORKSHEET) 2016
Page
Annualized Income Installment Method
Part II
(a)
(b)
(c)
(d)
First
First
First
First
20
Annualization periods (see instructions).
20
months
months
months
months
21
Enter taxable income for each annualization period (see
instructions for the treatment of extraordinary items).
21
22
Annualization amounts (see instructions).
22
23a Annualized taxable income. Multiply line 21 by line 22.
23a
b Extraordinary items (see instructions).
23b
c Add lines 23a and 23b.
23c
24
Figure the tax on the amount in each column on line 23c by
following the same steps used to figure the tax on page 1, line
14.
24
25
Enter any alternative minimum tax for each annualization
period (see instructions).
25
26
Enter any other taxes for each annualization period (see
instructions).
26
27
Total tax. Add lines 24 through 26.
27
28
For each annualization period, enter the same type of credits
as allowed on page 1, lines 17 and 21 (see instructions).
28
29
Total tax after credits. Subtract line 28 from line 27. If zero or
less, enter -0-.
29
30
Applicable percentage.
25%
50%
75%
100%
30
31
Multiply line 29 by line 30.
31
Part III
Required Installments
Note: Complete lines 32 through 38 of one column before
1st installment
2nd installment
3rd installment
4th installment
completing the next column.
32
If only Part I or Part II is completed, enter the amount in each
column from line 19 or line 31. If both parts are completed,
enter the smaller of the amounts in each column from line 19
or line 31.
32
33
Add the amounts in all preceding columns of line 38 (see
instructions).
33
34
Adjusted seasonal or annualized income installments.
Subtract line 33 from line 32. If zero or less, enter -0-.
34
35
Enter 25% of page 1, line 23b in each column. (Note: “Large
corporations,” see the instructions for page 1, line 25 for the
amount to enter. )
35
36
Subtract line 38 of the preceding column from line 37 of the
preceding column.
36
37
Add lines 35 and 36.
37
38
Required installments. Enter the smaller of line 34 or line 37
here and on page 1, line 25 (see instructions).
38
1120-W
Form
(2016)
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