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Federal Estimated Tax for Corporations
Extracted from PDF file 2023-federal-form-1120-w.pdf, last modified November 2021Estimated Tax for Corporations
Form 1120-W (WORKSHEET) Department of the Treasury Internal Revenue Service Estimated Tax for Corporations For calendar year 2022, or tax year beginning ▶ OMB No. 1545-0123 , 2022, and ending , 20 2022 Go to www.irs.gov/Form1120W for instructions and the latest information. for the corporation’s records—Do not send to the Internal Revenue Service. ▶ Keep Estimated Tax Computation 1 Taxable income expected for the tax year . . . . . . . . . . 1 2 Multiply line 1 by 21% (0.21) . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Tax credits. See instructions . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Other taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total tax. Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . 6 Credit for federal tax paid on fuels and other refundable credits. See instructions . . . . . . Subtract line 7 from line 6. Note: If the result is less than $500, the corporation is not required to make estimated tax payments . . . . . . . . . . . . . . . . . . . . . . . 9a Enter the tax shown on the corporation’s 2021 tax return. See instructions. Caution: If the tax is zero or the tax year was for less than 12 months, skip this line and enter the amount from line 8 on line 9b . . b Enter the smaller of line 8 or line 9a. If the corporation is required to skip line 9a, enter the amount from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7 8 (a) 10 11 Installment due dates. See instructions . . . . . . ▶ 10 Required installments. Enter 25% of line 9b in columns (a) through (d). If the corporation uses the annualized income installment method, or adjusted seasonal installment method, or is a “large corporation,” see the instructions for the amount to enter . . . . 11 For Paperwork Reduction Act Notice, see instructions. (b) Cat. No. 11525G (c) 8 9a 9b (d) Form 1120-W (2022) Form 1120-W (WORKSHEET) 2022 Page 2 Schedule A Adjusted Seasonal Installment Method and Annualized Income Installment Method (see instructions) Part I Adjusted Seasonal Installment Method (a) (b) (c) Use this method only if the base period percentage for any 6 consecutive months is at least 70%. 1 a Enter taxable income for the following periods: Tax year beginning in 2019. 1b c 1c 3 a Tax year beginning in 2021. Enter taxable income for each period for the tax year beginning in 2022. See instructions for the treatment of extraordinary items. Enter taxable income for the following periods: Tax year beginning in 2019. c Tax year beginning in 2021. Divide the amount in each column on line 1a by the amount in column (d) on line 3a. Divide the amount in each column on line 1b by the amount in column (d) on line 3b. Divide the amount in each column on line 1c by the amount in column (d) on line 3c. 3c 7 Add lines 4 through 6. 7 8 Divide line 7 by 3.0. 8 6 9a b c 10 Divide line 2 by line 8. Extraordinary items (see instructions). Add lines 9a and 9b. Figure the tax on the amount on line 9c by following the same steps used to figure the tax on page 1, line 2. 11a Divide the amount in columns (a) through (c) on line 3a by the amount in column (d) on line 3a. b Divide the amount in columns (a) through (c) on line 3b by the amount in column (d) on line 3b. c Divide the amount in columns (a) through (c) on line 3c by the amount in column (d) on line 3c. First 4 months First 6 months First 9 months Entire year 5 6 9a 9b 9c 10 11a 11b 11c Add lines 11a through 11c. 12 13 14 Divide line 12 by 3.0. Multiply the amount in columns (a) through (c) of line 10 by the amount in the corresponding column of line 13. In column (d), enter the amount from line 10, column (d). 13 Reserved. Enter any other taxes for each payment period. See instructions. Add lines 14 and 16. For each period, enter the same type of credits as allowed on page 1, lines 3 and 7. See instructions. 15 16 17 Subtract line 18 from line 17. If zero or less, enter -0-. 19 19 First 11 months 4 12 15 16 17 18 First 8 months 3a 3b 5 First 5 months 2 b Tax year beginning in 2020. 4 First 3 months 1a b Tax year beginning in 2020. 2 (d) 14 18 Form 1120-W (2022) Form 1120-W (WORKSHEET) 2022 Part II Page Annualized Income Installment Method (a) First 20 21 Annualization periods (see instructions). Enter taxable income for each annualization period. See instructions for the treatment of extraordinary items. 20 22 Annualization amounts (see instructions). 22 23a Annualized taxable income. Multiply line 21 by line 22. 23a 23b c Add lines 23a and 23b. 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 2. 23c Reserved. Enter any other taxes for each annualization period. See instructions. 25 Total tax. Add lines 24 and 26. For each annualization period, enter the same type of credits as allowed on page 1, lines 3 and 7. See instructions. Total tax after credits. Subtract line 28 from line 27. If zero or less, enter -0-. 27 30 Applicable percentage. 30 31 Multiply line 29 by line 30. 31 25 26 27 28 29 Part III 36 37 38 (c) (d) First First months months months months 25% 50% 75% 100% 1st installment 2nd installment 3rd installment 4th installment 24 26 28 29 Required Installments Note: Complete lines 32 through 38 of one column before 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. 33 Add the amounts in all preceding columns of line 38. See instructions. 34 Adjusted seasonal or annualized income installments. Subtract line 33 from line 32. If zero or less, enter -0-. 35 (b) First 21 b Extraordinary items (see instructions). 24 3 Enter 25% of page 1, line 9b, in each column. Note: “Large corporations,” see the instructions for page 1, line 11, for the amount to enter. Subtract line 38 of the preceding column from line 37 of the preceding column. Add lines 35 and 36. Required installments. Enter the smaller of line 34 or line 37 here and on page 1, line 11. See instructions. 32 33 34 35 36 37 38 Form 1120-W (2022)
2022 Form 1120-W (Worksheet)
More about the Federal Form 1120-W Corporate Income Tax Estimated TY 2023
Keep this form for the corporation’s records - Do not send to the Internal Revenue Service.
We last updated the Estimated Tax for Corporations in February 2023, so this is the latest version of Form 1120-W, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1120-W directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Corporate Income Tax Forms:
TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 1040 | U.S. Individual Income Tax Return |
| 1040 (Schedule B) | Interest and Ordinary Dividends |
| Form W-3 | Transmittal of Wage and Tax Statements |
| Form 941 | Employer's Quarterly Federal Tax Return |
| Form 1120-H | U.S. Income Tax Return for Homeowners Associations |
View all 775 Federal Income Tax Forms
Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 1120-W from the Internal Revenue Service in February 2023.
Form 1120-W is a Federal Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 1120-W
We have a total of twelve past-year versions of Form 1120-W in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 1120-W
2022 Form 1120-W (Worksheet)
2022 Form 1120-W
2022 Form 1120-W (Worksheet)
2021 Form 1120-W
2021 Form 1120-W (Worksheet)
2020 Form 1120-W
2020 Form 1120-W (Worksheet)
2018 Form 1120-W
2018 Form 1120-W (Worksheet)
2017 Form 1120-W
2017 Form 1120-W (Worksheet)
2016 Form 1120-W
2017 Form 1120-W (Worksheet)
2015 Form 1120-W
2016 Form 1120-W
2014 Form 1120-W
2015 Form 1120-W
2013 Form 1120-W
2013 Form 1120-W
2012 Form 1120-W
2013 Form 1120-W
2011 Form 1120-W
2012 Form 1120-W
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