Instructions for Arizona Form 120W, ADOR10551 Estimated Tax Worksheet for Corporations - Arizona

This document contains official instructions for Arizona Form 120W , and Form ADOR10551 . Both forms are released and collected by the Arizona Department of Revenue.

FAQ

Q: What is form Arizona Form 120W?
A: Arizona Form 120W is the Estimated Tax Worksheet for Corporations in Arizona.

Q: What is the purpose of Arizona Form 120W?
A: The purpose of Arizona Form 120W is to calculate estimated tax payments for corporations in Arizona.

Q: Who needs to fill out Arizona Form 120W?
A: Corporations in Arizona that need to make estimated tax payments are required to fill out Arizona Form 120W.

Q: What information is needed to fill out Arizona Form 120W?
A: To fill out Arizona Form 120W, you will need information about your corporation's income, deductions, credits, and previous year's tax liability.

Q: Does Arizona Form 120W need to be filed with the tax return?
A: No, Arizona Form 120W is separate from the tax return and should not be filed with it. It is used solely to calculate estimated tax payments.

Q: What happens if estimated tax payments are not made?
A: If estimated tax payments are not made or are underpaid, the corporation may be subject to penalties and interest.

Q: Are there any penalties for not filing Arizona Form 120W?
A: If a corporation is required to make estimated tax payments and fails to file Arizona Form 120W, it may be subject to penalties.

Q: Can Arizona Form 120W be filed electronically?
A: Yes, Arizona Form 120W can be filed electronically through the Arizona Department of Revenue's e-file system.