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Arizona Free Printable Arizona Form 120ES for 2024 Arizona Corporate and Pass-Through Entity Estimated Tax Payment

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Corporate and Pass-Through Entity Estimated Tax Payment
Arizona Form 120ES

Arizona Form 120/165ES Corporate and Partnership Estimated Tax Payment 2024 To ensure proper application of this payment, this form must be completed in its entirety. For the  calendar year 2024 or  fiscal year beginning M M D D 2 0 2 4 and ending M M D D 2 0 Y Y . Name of Firm – exactly as it will appear on the return Employer Identification Number (EIN) Address – number and street or PO Box Business Phone Number (with area code) 1 2 Address – continued REVENUE USE ONLY. DO NOT MARK IN THIS AREA 88 2 City State ZIP Code 3 A  Check if this is the first tax return filed under this name and EIN. B  Check if name and/or address has changed. C  Check if EIN has changed. Enter prior EIN: 1 Payment is for quarter number: 81 PM 80 RCVD  Qtr 1................  Qtr 2..............  Qtr 3..............  Qtr 4 2 Payment: Round estimated payment to a whole dollar (no cents). Enter the amount of payment enclosed........................................................................................  Make check payable to Arizona Department of Revenue.  Include EIN on payment.  Mail to Arizona Department of Revenue, PO Box 29085, Phoenix, AZ 85038-9085. $ 00 Print General Instructions Obtain additional information or assistance by calling one of the numbers listed below: Pass-Through Entity (PTE) Election Phoenix........................................................... (602) 255-3381 From area codes 520 and 928, toll-free.......... (800) 352-4090 Partnerships and S Corporations making the PTE election whose taxable income for the previous year exceeds $150,000 are required to make Arizona estimated tax payments. Obtain tax rulings, tax procedures, tax forms and instructions, and other tax information by accessing the department’s website at www.azdor.gov. S Corporations subject to tax at the federal level and making the PTE election for the same taxable year must: Who is Required to Make Estimated Tax Payments C corporations, S Corporations subject to tax at the federal level and exempt organizations with unrelated business taxable income that anticipate an Arizona tax liability for the year of at least $1,000 are required to make Arizona estimated payments. • A unitary group of corporations filing a combined return on Form 120 must make Arizona estimated tax payments on a combined basis. Therefore, a unitary group, as a single taxpayer, must make estimated tax payments if its Arizona tax liability for the taxable year is at least $1,000. • An Arizona affiliated group filing an Arizona consolidated return pursuant to A.R.S. § 43‑947 on Form 120 must make Arizona estimated tax payments on a consolidated basis. Therefore, an Arizona affiliated group, as a single taxpayer, must make estimated tax payments if its Arizona tax liability for the taxable year is at least $1,000. ADOR 10339 (23) • Make Arizona estimated tax payments if their total taxable income for the previous year exceeds $150,000. • Total their separately calculated estimated payments for the corporate tax liability and the PTE tax liability to compute their total required estimated payments. • Make the required estimated payments on or before the 15th day of April, June, and September of the taxable year, and January 15th of the following year. Composite Returns Partnerships and S corporations must use Form 140ES to make voluntary estimated tax payments on a composite basis on behalf of nonresident individual shareholders or nonresident individual partners participating in the filing of a composite return on Arizona Form 140NR Refer to the department’s ruling, ITR 16-2, Composite Individual Income Tax Returns, for additional information regarding composite returns. For additional information, see Form 140NR instructions for completing a composite return. Arizona Form 120/165ES Who Should Use Arizona Form 120/165ES Recomputing Required Installments of Estimated Tax Taxpayers for whom the Director has granted a waiver from the electronic payment requirement. If the taxpayer, after paying one or more required installments of Arizona estimated tax, finds that its tax liability for the taxable year will be more or less than originally estimated, the taxpayer should recompute its required installments. If earlier installments were underpaid, the taxpayer may be subject to a penalty for underpayment of estimated tax. Taxpayers whose anticipated tax liability for the year is less than $500 that wish to make Arizona estimated payments may complete this form and mail the form and payment to the address above. When to Make Estimated Tax Payments If a new estimate is made, the required installments payable on or after the date of the new estimate should be adjusted. An immediate “catch-up” payment should be made to reduce the amount of any penalty resulting from the underpayment of any earlier installments, whether caused by a change in estimate, failure to make a payment, or a mistake. Calendar year and fiscal year basis corporate taxpayers are required to make their Arizona corporate estimated tax payments by the 15th day of the 4th, 6th, 9th, and 12th months of the taxable year. If the payment due date falls on a weekend or legal holiday, the payment is considered timely if made on the next business day. Estimated Tax Payments by Electronic Funds Transfer (EFT) Partnerships and S Corporations making the PTE election are required to make their estimated payments by the 15th day of the 4th, 6th, and 9th months of the taxable year. The final payment is due by the 15th day of the 1st month following the close of the taxable year. If the payment due date falls on a weekend or legal holiday, the payment is considered timely if made on the next business day. Refer to Arizona Revised Statutes § 42‑1129 and the related Arizona Administrative Code R15‑10-301 through R15‑10‑307 for detailed information regarding EFT. Taxpayers anticipating a tax liability for the current year of at least $1,000 must make Arizona estimated tax payments by EFT. S Corporations having a tax liability at the federal level and that are making the Arizona PTE election must make their estimated payments by the 15th day of the 4th, 6th, and 9th months of the taxable year. The final estimated payment is due by the 15th day of the 1st month following the close of the taxable year. If the payment due date falls on a weekend or legal holiday, the payment is considered timely if made on the next business day. Taxpayers that anticipate a tax liability for the current year of more than $500 but less than $1,000 are not required to make Arizona estimated tax payments. If the taxpayer elects to make Arizona estimated tax payments, it is required to make those payments by EFT. NOTE: Taxpayers required to make Arizona estimated tax payments via EFT that fail to do so will be subject to a penalty of 5% of the amount of the payment not made by EFT. See A.R.S. § 42‑1125(O). Computation of Required Installments of Estimated Tax on Arizona Form 120/PTE-W Taxpayers should use Form 120/PTE-W, Estimated Tax Worksheet for Corporations, to compute the amount of the required installments of estimated tax. Taxpayers required to make Arizona estimated tax payments via EFT must complete the department’s EFT authorization agreement at least 30 days prior to initiation of the first applicable transaction. Underpayment of Required Installments of Estimated Tax If the taxpayer is required to make Arizona corporate estimated tax payments, a penalty will be imposed on any required installment that is late or underpaid. See A.R.S. § 42‑1125(Q). Taxpayers who anticipate their Arizona income tax liability for the 2024 taxable year to be less than $500 may elect voluntary participation in the EFT program. Voluntary participants in the program must complete the department’s EFT authorization agreement at least 30 days prior to the first applicable transaction. DO NOT submit Form 120/165ES to the department if the taxpayer makes its Arizona estimated tax payments by EFT. ADOR 10339 (23) 2 Arizona Form 120/165ES Estimated Tax Payments via the Internet Completing Arizona Form 120/165ES Taxpayers wishing to make EFT payments via the Internet are no longer required to register with the department before their EFT payments may be accepted. Visit AZTaxes.gov, go to “Make a Corporation/S-Corporation/Partnership Payment” and follow the prompts to choose a payment type and make a payment. Complete Form 120/165ES in its entirety to ensure the proper application of the estimated tax payment. DO NOT submit Form 120/165ES to the department if the taxpayer makes its Arizona estimated tax payments over the Internet. • Taxpayer name, address and employer identification number (EIN) as it will appear on the tax return. If the taxpayer has a foreign address, enter the information in the following order: city, province or state, and country. Follow the country’s practice for entering the postal code. Do not abbreviate the country’s name. Enter the following information on Form 120/165ES: • The period covered by the taxable year; Electronic payment from checking or savings account Arizona estimated tax payments can be made electronically from a checking or savings account. Visit www.AZTaxes.gov, click “Make a Corporation/S-Corporation/Partnership Payment”, follow the prompts and choose the e-check option. There is no fee to use this method. This payment method will debit the amount from the specified checking or savings account on the date specified. When an electronic payment is made from a checking or savings account, a confirmation number will be generated. Please keep this confirmation number as proof of payment. • Check the box on line 1 indicating the quarter for which the payment is to be applied; • Enter the amount of the estimated tax payment (in whole dollars) on line 2. Check the appropriate box: • If the taxpayer will file an initial return under the name and EIN listed, check box “A”. Credit card payment • If the taxpayer’s name or address has changed, check box “B”. Arizona estimated tax payments can be made by American Express, Discover, MasterCard or Visa credit cards. Visit www.AZTaxes.gov, click “Make a Corporation/S-Corporation/ Partnership Payment”, follow the prompts and choose the credit card option. This will take you to the web site of the credit card payment service provider. The service provider will charge a convenience fee based on the amount of the tax payment. The service provider will disclose the amount of the convenience fee during the transaction and the option to continue or cancel the transaction will be presented. If you accept the convenience fee and complete the credit card transaction, a confirmation number will be generated. Please keep this confirmation number as proof of payment. ADOR 10339 (23) • If the taxpayer’s EIN has changed, check box “C”. Indicate the previous EIN in the space provided. Rounding Dollar Amounts Taxpayers must round amounts to the nearest whole dollar. If 50 cents or more, round up to the next dollar. If less than 50 cents, round down. 3
Extracted from PDF file 2024-arizona-form-120165es.pdf, last modified October 2009

More about the Arizona Form 120/165ES Individual Income Tax TY 2024

Used by the Corporations, Form 120/165ES can be used to make their estimated tax payments

We last updated the Corporate and Pass-Through Entity Estimated Tax Payment in March 2024, so this is the latest version of Form 120/165ES, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 120/165ES directly from TaxFormFinder. You can print other Arizona tax forms here.

Related Arizona Individual Income Tax Forms:

TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Arizona Form 120/165ES.

Form Code Form Name
Form 120/165ES Booklet Corporate and Pass-Through Entity Estimated Tax Payment

Download all AZ tax forms View all 96 Arizona Income Tax Forms


Form Sources:

Arizona usually releases forms for the current tax year between January and April. We last updated Arizona Form 120/165ES from the Department of Revenue in March 2024.

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About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Arizona Form 120/165ES

We have a total of three past-year versions of Form 120/165ES in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2024 Form 120/165ES

Arizona Form 120ES

2023 Form 120/165ES

Arizona Form 120ES

2022 Form 120/165ES

Arizona Form 140ES-SBI


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