Kansas Corporate Estimated Tax Payment Vouchers
Extracted from PDF file 2024-kansas-form-k-120es.pdf, last modified August 2023Corporate Estimated Tax Payment Vouchers
Need to make a quick payment? It’s simple — pay your estimated tax electronically. Visit the Kansas Department of Revenue Payment portal at Kansas 2024 www.kansas.gov/payment-portal/ or Visit ksrevenue.gov and log in to the Kansas Customer Service Center. Corporate Estimated Tax For K-120 and K-120S HOW TO FILE YOUR ESTIMATED TAX To ensure the most efficient processing of your payments, it is important that you use only black ink to complete the vouchers. 1) Complete the enclosed worksheet to calculate your estimated tax for tax year 2024 2) Be sure to use the correct voucher for the quarter in which you are remitting payment. Enter all required information, including the amount of your payment. 3) Write your federal Employer Identification Number (EIN) on your check or money order and make payable to: Kansas Corporate Estimated Tax. 4) Send the voucher and payment to: Corporate Estimated Tax, Kansas Department of Revenue, PO Box 3506, Topeka, KS 66625-3506. If you need assistance completing your vouchers, contact the Kansas Department of Revenue at 785-368-8222. WHAT ARE ESTIMATED TAX PAYMENTS A corporation is required to make estimated tax payments for the taxable year if its Kansas income tax liability can reasonably be expected to exceed $500. A corporation is not required to file a declaration of estimated tax in its first year of existence in Kansas. ESTIMATED TAX PENALTY If you do not pay enough estimated tax, a penalty may be charged unless you meet one of the exceptions. Use Schedule K-220 for K-120 filers or K-220S for Partnerships or S Corporations to figure any underpayment of estimated tax, to determine if you meet an exception to the penalty, and to figure any penalty due. The penalty is based on the unpaid balance of estimated tax from the due date of the installment to: 1) the date the installment was paid, or 2) the original due date of the return, whichever is earlier. Underpayment of tax means the difference between the amount of tax actually paid and the amount of tax which would have been required to be paid to avoid penalty. Schedule K-220 and K-220S are available from the department’s website at: ksrevenue.gov WHEN TO FILE YOUR ESTIMATED TAX VOUCHERS Corporate estimated tax vouchers are due on or before the 15th day of the fourth, sixth, ninth, and twelfth months of the corporate taxable year without any regard to an extension of time to file for the prior year’s income tax return. SHORT TAXABLE YEARS: Any estimated tax, payable in installments, not paid before the 15th day of the last month of a short taxable year (less than 12 months) must be paid on the 15th day of the last month of the short taxable year. If the short taxable year is less than three and one-half months, an estimated voucher and tax payment are not required. AMENDED PAYMENTS If you missed a payment or if you made a mistake which caused an underpayment in earlier installments, make an immediate payment to balance your account. The amendment of a voucher will not prevent imposition of a penalty on the previous installments. When the due date falls on a Saturday, Sunday, or legal holiday, substitute the next regular workday. K-120ES 2024 KANSAS CORPORATE ESTIMATED INCOME TAX VOUCHER FOR K-120 and K-120S FOR OFFICE USE ONLY (Rev. 7-23) VOUCHER IS DUE BY THE 15TH DAY OF THE 4TH MONTH OF THE TAXABLE YEAR For the taxable year beginning_ ending_ Corporation Name Employer Identification Number Corporation Address City, Town, or Post Office State Name or Address Change Zip Code Name of Contact Person Phone Number Make check or money order payable to: Kansas Corporate Estimated Tax DO NOT SUBMIT PHOTOCOPIES OF THIS FORM 183024 1 Payment Amount $ K-120ES 1830 ESTIMATED TAX WORKSHEET 1. Estimated tax liability for tax year 2024........................................................................ 1 2. Estimated tax credits ............................................................................................................. 2 3. Kansas estimated income tax (subtract line 2 from line 1). If line 3 is less than $500, no estimated tax payments are required .................................................................................... 3 4. Computation of installment. If the original voucher is due to be filed on the 15th day of the 4th month, enter 25% of line 3 here and on each subsequent voucher. (Installments must be made by the due dates to avoid penalties. You should take into consideration any prior year overpayment credited forward.) .................................................................................... 4 5. If the original voucher is due to be filed on the: 15th day of the 6th month ..............................enter 1/3 of line 3 on line 4 and on subsequent vouchers 15th day of the 9th month ..............................enter 1/2 of line 3 on line 4 and on subsequent vouchers 15th day of the 12th month ............................enter the total amount of line 3 on line 4. RECORD OF ESTIMATED TAX PAYMENTS INSTALLMENT DATE FILED 15th day of 4th month 15th day of 6th month 15th day of 9th month 15th day of 12th month Prior year carry forward .................................. Claim this amount on your 2024 Corporate Income Tax return (K-120 or K-120S)............. AMOUNT PAID (As shown on front of voucher) K-120ES 2024 KANSAS CORPORATE ESTIMATED INCOME TAX VOUCHER FOR K-120 AND K-120S FOR OFFICE USE ONLY (Rev. 7-23) K-120ES 1830 VOUCHER IS DUE BY THE 15TH DAY OF THE 12TH MONTH OF THE TAXABLE YEAR For the taxable year beginning _______________________________ ending_____________________________ Corporation Name Employer Identification Number Corporation Address City, Town, or Post Office State Name or Address Change Zip Code Name of Contact Person Phone Number 4 Payment Amount Make check or money order payable to: Kansas Corporate Estimated Tax DO NOT SUBMIT PHOTOCOPIES OF THIS FORM $ 183024 K-120ES 2024 KANSAS CORPORATE ESTIMATED INCOME TAX VOUCHER FOR K-120 AND K-120S FOR OFFICE USE ONLY (Rev. 7-23) K-120ES 1830 VOUCHER IS DUE BY THE 15TH DAY OF THE 9TH MONTH OF THE TAXABLE YEAR For the taxable year beginning_ ending_ Corporation Name Employer Identification Number Corporation Address City, Town, or Post Office State Name or Address Change Zip Code Name of Contact Person Phone Number 3 Payment Amount Make check or money order payable to: Kansas Corporate Estimated Tax DO NOT SUBMIT PHOTOCOPIES OF THIS FORM $ 183024 K-120ES 2024 KANSAS CORPORATE ESTIMATED INCOME TAX VOUCHER FOR K-120 AND K-120S FOR OFFICE USE ONLY (Rev. 7-23) VOUCHER IS DUE BY THE 15TH DAY OF THE 6TH MONTH OF THE TAXABLE YEAR For the taxable year beginning_ding_ Corporation Name Employer Identification Number Corporation Address City, Town, or Post Office State Name or Address Change Zip Code Name of Contact Person Phone Number Make check or money order payable to: Kansas Corporate Estimated Tax DO NOT SUBMIT PHOTOCOPIES OF THIS FORM 183024 2 Payment Amount $ K-120ES 1830
K-120ES Corporate Estimated Income Tax Voucher Rev. 7-23
More about the Kansas Form K-120ES Corporate Income Tax Estimated TY 2024
We last updated the Corporate Estimated Tax Payment Vouchers in January 2024, so this is the latest version of Form K-120ES, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form K-120ES directly from TaxFormFinder. You can print other Kansas tax forms here.
Other Kansas Corporate Income Tax Forms:
TaxFormFinder has an additional 73 Kansas income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
Form K-4 | Employees Withholding Allowance Certificate |
Form K-120ES | Corporate Estimated Tax Payment Vouchers |
Form K-41 | Fiduciary Income Tax |
Form IA-81 | Claim to Support Withholding Tax Credit |
Form 1041V | Fiduciary Income Tax Voucher |
View all 74 Kansas Income Tax Forms
Form Sources:
Kansas usually releases forms for the current tax year between January and April. We last updated Kansas Form K-120ES from the Department of Revenue in January 2024.
Form K-120ES is a Kansas 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 Kansas Form K-120ES
We have a total of eleven past-year versions of Form K-120ES in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
K-120ES Corporate Estimated Income Tax Voucher Rev. 7-23
K-120ES Corporate Estimated Income Tax Voucher Rev. 7-22
K-120ES 2022 Corporate Income Estimaed Tax Voucher Rev. 7-21
K-120ES Corporate Estimated Income Tax Payment Voucher Rev. 7-18
Corporate Estimated Income Tax Voucher K-120ES Rev. 8-17
Corporate Estimated Income Tax Voucher K-120ES Rev. 7-16
Corporate Estimated Income Tax Voucher K-120ES Rev. 7-16
K-120ES Corporate Estimated Tax Vouchers Rev. 7-15
K-120ES Corproate Estimated Income Tax Vouchers (Rev. 8-13)
K-120ES Corporate Income Estimated Tax Instructions and Vouchers (Rev. 8-11)
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