Get the free Arizona Form 140ES

This document serves as a worksheet for individuals to calculate and submit their estimated income tax payments for the tax year ending December 31, 2012.

How to fill out arizona form 140es

How to fill out Arizona Form 140ES

1. Download Arizona Form 140ES from the Arizona Department of Revenue website.
2. Fill in your personal information at the top of the form, including your name, address, and Social Security number.
3. Indicate the tax year for which you are making an estimated tax payment.
4. Calculate your estimated tax payment amount by following the instructions provided on the form.
5. Provide information about any prior year overpayment that you wish to apply to your estimated payment.
6. Sign and date the form at the bottom.
7. Mail the completed Form 140ES along with your payment to the address specified on the form.

Who needs Arizona Form 140ES?

1. Individuals and businesses in Arizona expecting to owe $1,000 or more in state taxes for the current tax year and who wish to make estimated tax payments.

People Also Ask about

Does Arizona have an underpayment penalty?

If 90 percent is not paid, an extension underpayment penalty will be charged from the original due date until the date paid. This penalty is . 5 percent of the tax unpaid for each month, or fraction of a month the tax remains unpaid.

How do I avoid the tax penalty for underpayment?

If you paid at least 90% of the tax on your current-year return or 100% of the tax shown on the prior year's return, you can avoid the underpayment penalty for estimated taxes. Another way to avoid an underpayment penalty in the future is to adjust your withholdings on your W-4 if you have an employer.

What is Arizona form 140ES?

Individual Estimated Tax Payment Form. Form is used by individual taxpayers mailing a voluntary or mandatory estimated payment; a partnership or S corporation mailing a voluntary estimated payment on behalf of its nonresident individual partners/shareholders participating in the filing of a composite return. 140ES.

How do I request a penalty waiver in Arizona?

A request for the abatement of a penalty, or penalties, can be requested to the Penalty Review Unit with the Arizona Form 290 – Request for Penalty Abatement. The account must be in compliance and provide clear and concise information to allow for a prompt reply by the Department.

What is a good reason for underpayment penalty waiver?

If you have an underpayment, all or part of the penalty for that underpayment will be waived if the IRS determines that the underpayment was due to a casualty, disaster, or other unusual circumstance, and it would be inequitable to impose the penalty.

For pdfFiller’s FAQs

What is Arizona Form 140ES?

Arizona Form 140ES is an estimated income tax payment form used by individuals in Arizona to pay their state income taxes in advance.

Who is required to file Arizona Form 140ES?

Individuals who expect to owe $1,000 or more in Arizona state income tax for the year, and who do not have withholding that covers their tax obligation, are required to file Arizona Form 140ES.

How to fill out Arizona Form 140ES?

To fill out Arizona Form 140ES, taxpayers need to provide their personal information, estimate their expected income and tax liability, calculate their payment amount, and submit the form along with payment to the state.

What is the purpose of Arizona Form 140ES?

The purpose of Arizona Form 140ES is to allow taxpayers to make estimated tax payments directly to the state of Arizona to avoid penalties and interest on unpaid taxes by the end of the tax year.

What information must be reported on Arizona Form 140ES?

Arizona Form 140ES must report the taxpayer's name, address, Social Security number, estimated income, estimated tax liability, and the amount of estimated tax payment being submitted.