Federal Free Printable 2017 Form 1120-W  (Worksheet) for 2017 Federal Estimated Tax for Corporations

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Estimated Tax for Corporations
2017 Form 1120-W (Worksheet)

Form 1120-W (WORKSHEET) Department of the Treasury Internal Revenue Service Estimated Tax for Corporations For calendar year 2017, or tax year beginning ▶ OMB No. 1545-0123 , 2017, and ending , 20 Information about Form 1120-W and its separate instructions is at www.irs.gov/form1120w. ▶ Keep for the corporation’s records—Do not send to the Internal Revenue Service. 2017 Estimated Tax Computation 1 Taxable income expected for the tax year . . . . . . . . . . 1 Qualified personal service corporations (defined in the instructions), skip lines 2 through 13 and go to line 14. Members of a controlled group, see instructions. 2 3 4 5 6 7 8 9 10 11 12 Enter the smaller of line 1 or $50,000 . . . . . . . . . . . 2 Multiply line 2 by 15% (0.15) . . . . . . . . . . . . . . . . . . . . . . . Subtract line 2 from line 1 . . . . . . . . . . . . . . . 4 Enter the smaller of line 4 or $25,000 . . . . . . . . . . . 5 Multiply line 5 by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . . Subtract line 5 from line 4 . . . . . . . . . . . . . . . 7 Enter the smaller of line 7 or $9,925,000 . . . . . . . . . . 8 Multiply line 8 by 34% (0.34) . . . . . . . . . . . . . . . . . . . . . . . Subtract line 8 from line 7 . . . . . . . . . . . . . . . 10 Multiply line 10 by 35% (0.35) . . . . . . . . . . . . . . . . . . . . . . . If line 1 is greater than $100,000, enter the smaller of (a) 5% of the excess over $100,000 or (b) $11,750. Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . If line 1 is greater than $15 million, enter the smaller of (a) 3% of the excess over $15 million or (b) $100,000. Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . . . . . Add lines 3, 6, 9, and 11 through 13. Qualified personal service corporations, multiply line 1 by 35% (0.35) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 3 6 9 11 12 13 14 15 Alternative minimum tax (see instructions) . . . . . . . . . . . . . . . . . . . 15 16 Total. Add lines 14 and 15 . 17 . . . . . . . . . . . . . . . . . . . . . . . 16 Tax credits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 17 18 Subtract line 17 from line 16 . . . . . . . . . . . . . . . . . . . . . . . 18 19 Other taxes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 19 20 Total tax. Add lines 18 and 19 . . . . . . . . . . . . . . . . . . . . . . . 20 Credit for federal tax paid on fuels and other refundable credits (see instructions) . . . . . . Subtract line 21 from line 20. Note: If the result is less than $500, the corporation is not required to make estimated tax payments . . . . . . . . . . . . . . . . . . . . . . 23a Enter the tax shown on the corporation’s 2016 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 22 on line 23b . b Enter the smaller of line 22 or line 23a. If the corporation is required to skip line 23a, enter the amount from line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . 21 . 21 22 (a) 24 25 Installment due dates (see instructions) . . . . . . ▶ 24 Required installments. Enter 25% of line 23b 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 . . . . . . . . . 25 For Paperwork Reduction Act Notice, see instructions. (b) Cat. No. 11525G 22 23a 23b (c) (d) Form 1120-W (2017) Form 1120-W (WORKSHEET) 2017 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 2014. 1b c 1c 3 a Tax year beginning in 2016. Enter taxable income for each period for the tax year beginning in 2017. See instructions for the treatment of extraordinary items. Enter taxable income for the following periods: Tax year beginning in 2014. c Tax year beginning in 2016. 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 14. 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 6 months First 9 months Entire year 6 9a 9b 9c 10 11a 11b 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). Enter any alternative minimum tax for each payment period. See instructions. Enter any other taxes for each payment period. See instructions. Add lines 14 through 16. For each period, enter the same type of credits as allowed on page 1, lines 17 and 21. See instructions. 13 Subtract line 18 from line 17. If zero or less, enter -0-. 19 19 First 4 months 5 Add lines 11a through 11c. 16 17 18 First 11 months 4 12 15 First 8 months 3a 3b 5 First 5 months 2 b Tax year beginning in 2015. 4 First 3 months 1a b Tax year beginning in 2015. 2 (d) 14 15 16 17 18 Form 1120-W (2017) Form 1120-W (WORKSHEET) 2017 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 14. Enter any alternative minimum tax for each annualization period. See instructions. Enter any other taxes for each annualization period. See instructions. 23c Total tax. Add lines 24 through 26. For each annualization period, enter the same type of credits as allowed on page 1, lines 17 and 21. 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 33 34 35 36 37 38 (c) (d) First First months months months months 25% 50% 75% 100% 1st installment 2nd installment 3rd installment 4th installment 24 25 26 28 29 Required Installments Note: Complete lines 32 through 38 of one column before completing the next column. 32 (b) First 21 b Extraordinary items (see instructions). 24 3 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. Add the amounts in all preceding columns of line 38. See instructions. Adjusted seasonal or annualized income installments. Subtract line 33 from line 32. If zero or less, enter -0-. Enter 25% of page 1, line 23b in each column. Note: “Large corporations,” see the instructions for page 1, line 25 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 25. See instructions. 32 33 34 35 36 37 38 Form 1120-W (2017)
Extracted from PDF file 2016-federal-form-1120-w.pdf, last modified December 2016

More about the Federal Form 1120-W Corporate Income Tax Estimated TY 2016

We last updated the Estimated Tax for Corporations in May 2017, so this is the latest version of Form 1120-W, fully updated for tax year 2016. 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 941 Employer's Quarterly Federal Tax Return
Form 990 or 990-EZ (Sch A) Public Charity Status and Public Support
Form 9465 Installment Agreement Request
Form 1125-A Cost of Goods Sold
990 (Schedule O) Supplemental Information to Form 990 or 990-EZ

Download all  tax forms 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 May 2017.

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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 six 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:


2016 Form 1120-W

2017 Form 1120-W (Worksheet)

Estimated Tax for Corporations 2015 Form 1120-W

2016 Form 1120-W

Estimated Tax for Corporations 2014 Form 1120-W

2015 Form 1120-W

Estimated Tax for Corporations 2013 Form 1120-W

2013 Form 1120-W

Estimated Tax for Corporations 2012 Form 1120-W

2013 Form 1120-W

Estimated Tax for Corporations 2011 Form 1120-W

2012 Form 1120-W


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