Form 120w - Estimated Tax Worksheet For Corporations

2000

Estimated Tax Worksheet for Corporations

ARIZONA FORM

120W

(Taxpayers Filing Forms 99T, 120, 120A, and 120S)

Arizona tax liability - see instructions before completing this line ..................................................................................................................

Required annual payment.

a Enter 90 percent of line 1 .............................................................................................................................

b Forms 99T, 120, and 120A - enter the tax as shown on the 1999 return. See instructions ........................

c Form 120S. See instructions ........................................................................................................................

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 ........................

Due dates of installments

(a)

(b)

(c)

(d)

Installment due dates. See instructions ...............................................

Required installments. Enter 25 percent of line 2(d) 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 instructions .......................................................

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

Months

Annualization periods. See instructions ....................................................................................

Enter taxable income for each annualization period .................................................................

Annualization amounts. See instructions ...................................................................................

Annualized taxable income. Multiply line 2 by line 3 .................................................................

Calculate the tax on the amount in each column on line 4. See instructions ............................

Enter tax from recapture of tax credits for each payment period - see instructions ..................

Subtotal tax. Add lines 5 and 6 ..................................................................................................

Clean Elections Fund Tax Reduction ($5). See instructions ...................................................

For each period, enter the amount of tax credits. See instructions ...........................................

Subtotal. Subtract the sum of lines 8 and 9 from line 7. If zero or less, enter zero ...................

Enter correctional industries recapture tax for each period - see instructions ..........................

Arizona tax liability. Add lines 10 and 11 ..................................................................................

Clean Elections Fund Tax Credit. See instructions .................................................................

Tax liability after Clean Elections Fund tax credit. Subtract the line 13 from line 12 ................

22.5%

45%

67.5%

90%

15 Applicable percentage ...............................................................................................................

Multiply line 14 by line 15 ..........................................................................................................

17 Add the amounts in all preceding columns from page 2, Part III, line 52 - see instructions .....

Annualized income installments. Subtract line 17 from line 16. If zero or less,

enter zero ..................................................................................................................................

Part II - Adjusted Seasonal Installment Method

(a)

(b)

(c)

(d)

(Caution: Use this method only if the base period percentage of any 6 consecutive

months is at least 70%. See the instructions for more information.)

First 3

First 5

First 8

First 11

Months

Enter taxable income for the following periods:

19a

a Taxable year beginning in 1997 .............................................................................................

19b

b Taxable year beginning in 1998 .............................................................................................

19c

c Taxable year beginning in 1999 .............................................................................................

20 Enter taxable income for each period for taxable year beginning in 2000 ...................... ..........

ADOR 03-0025 (99)

Form 120w - Estimated Tax Worksheet For Corporations - 2000

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