Form Ft 1120e/er/ex - Estimated Corporation Franchise Tax Payment - Ohio Department Of Taxation - 2012
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1hio
FT 1120E/ER/EX
Department of
Rev. 6/11
Taxation
Estimated Corporation Franchise Tax Payment for Tax Year 2012
(based on the corporation’s taxable year ending in 2011)
Caution: Most corporations have no franchise tax payment or fi ling re-
Extension. If by March 31 the taxpayer fi les Ohio form FT 1120ER and
quirement for tax year (report year) 2012. Please do not make a franchise
pays the second one-third of the estimated tax due, the tax commissioner
tax estimated payment or fi le this franchise tax form if the corporation is sub-
will automatically grant an extension of time for fi ling the report to May 31.
ject to the Ohio Commercial Activity Tax (Ohio Revised Code Chapter 5751).
Note: If the sum of the taxpayer’s 2011 overpayment carryforward and
January estimated payment equals or exceeds 2/3 of the estimated tax
Who remains subject to the franchise tax after the phase-out. Ohio
due, then the taxpayer is not required to make an estimated payment by
Revised Code sections (R.C.) 5733.01(G) and 5751.01(E).
Financial in-
March 31. Nevertheless, if the taxpayer will not fi le the 2012 franchise tax
stitutions along with the following corporations remain subject to the fran-
report by March 31, then by March 31 the taxpayer must fi le Ohio form FT
chise tax for tax years 2010 and thereafter: (i) fi nancial holding companies,
1120ER even if no payment is due.
(ii) bank holding companies, (iii) savings and loan holding companies, (iv)
Additional extension. If by May 31 the taxpayer fi les Ohio form FT 1120EX
corporations directly or indirectly owned by one or more corporations de-
and pays the balance of the tax due, the commissioner will automatically
scribed in (i) through (iii) when such subsidiary corporations are engaged
grant an extension of time for fi ling the report to the 15th day of the month
in activities permissible for a fi nancial holding company, (v) corporations
following the month to which the IRS has granted an extension for fi ling
directly or indirectly owned by one or more fi nancial institutions that pay the
the federal income tax return, provided a copy of the federal extension
franchise tax charged by R.C. 5733.06(D) when such subsidiary corpora-
is attached to the report when fi led. If the sum of the taxpayer’s overpay-
tions are engaged in activities permissible for a fi nancial holding company
ment carryforward and prior estimated payments equals or exceeds the
and such corporations are not already described in (iv) above, (vi) corpora-
estimated tax due, then the taxpayer is not required to make an estimated
tions directly or indirectly owned by one or more insurance companies when
payment by May 31. Nevertheless, if the taxpayer will not fi le the 2012 tax
such subsidiary corporations are engaged in insurance-type activities, and
report by May 31, then by May 31 the taxpayer must fi le Ohio form FT 1120EX
(vii) “securitization” companies described in R.C. 5751.01(E)(10).
even if no payment is due.
If the corporation is subject to the franchise tax for report year 2012,
EFT payments. A taxpayer must submit all franchise tax payments by
please complete Ohio forms FT 1120E, FT 1120ER and FT 1120EX (as
electronic fi le transfer (EFT) if the taxpayer’s total franchise tax liability
applicable) and mail with your remittance by the due date explained be-
after reduction for nonrefundable credits exceeded $50,000 for the second
low. Each taxpayer included in a combined franchise tax report must sepa-
preceding report year. However, members of a combined report must add
rately fi le and remit the tax due with Ohio forms FT 1120E, FT 1120ER, FT
together their tax liabilities. If the combined group’s aggregate tax liability
1120EX and FT 1120.
exceeds the $50,000 threshold, then each member is required to submit
separate payments by EFT. See the department’s July 31, 1994 franchise
Submitting this form does not fulfi ll the corporation’s fi ling requirement. The
tax information release, and the important EFT notice dated Dec. 2, 2002,
taxpayer must fi le a corporation franchise tax report (Ohio form FT 1120 or,
located on the department’s Web site at tax.ohio.gov.
if a fi nancial institution, Ohio form FT 1120FI) by the due date or extended
due date prescribed by law.
If the taxpayer is required to remit its estimated payments by EFT and
timely does so, then those estimated payments are deemed to be accom-
If by Jan. 31 the taxpayer does not fi le an Ohio franchise tax report and
panied by the appropriate declaration of estimated payment or request for
pay all tax due, then by Jan. 31 the taxpayer must fi le Ohio form FT 1120E
extension form. However, if the taxpayer is not required to make additional
and pay one-third of the estimated tax due. If the taxpayer’s 2011 report
estimated payment(s) (because the tax already paid equals or exceeds the
refl ected an overpayment that the taxpayer carried over to 2012 and that
tax due), and the taxpayer needs an extension or an additional extension
overpayment equals or exceeds 1/3 of the 2012 estimated tax due, then
to fi le its franchise tax report, then the taxpayer must timely fi le the appro-
the taxpayer is not required to make a Jan. 31 estimated payment or fi le Ohio
priate paper Ohio forms FT 1120ER and FT 1120EX.
form FT 1120E.
DO NOT USE PENCIL
Please cut on the dotted line. –
to complete this form.
Ohio Department of Taxation
FT 1120E/ER/EX
Reset Form
Rev. 6/11
2012 Estimated Corporation Franchise Tax Payment
This estimated payment is for the current tax year and is based upon the taxpayer’s activity during the 2011
Do NOT fold check or coupon.
calendar year or other taxable year beginning
and ending
, 2011.
Ohio Franchise Tax ID No.
Ohio Charter No.
Federal Employer ID No.
Tax Year
2012
0
Corporation name
FT 1120E
FT 1120ER
FT 1120EX
Check
one >
Address
(Jan. 31)
(Mar. 31)
(May 31)
Whole dollars only (no cents)
City, state, ZIP code
Amount of this
0 0
$
.
payment
Do not staple or otherwise attach your check or
For Departmental Use Only
check stub to this coupon. Do not send cash.
Please do not make a franchise tax payment and do not fi le this fran-
Make remittance payable to Ohio Treasurer of
Date received:
chise tax form if the corporation is subject to the Ohio Commercial
State and mail to: Ohio Department of Taxation,
P.O. Box 804, Columbus, OH 43216-0804.
Activity Tax (Ohio Revised Code Chapter 5751). See the instructions.
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