Form 1120-W Estimated Tax for Corporations

Form

1120-W

(WORKSHEET)
Department of the Treasury
Internal Revenue Service

Part I
1

2
3
4
5
6
7
8
9
10
11
12
13

Estimated Tax for Corporations
For calendar year 2009, or tax year beginning

, 2009, and ending

OMB No. 1545-0975
, 20

2009

(Keep for the corporation’s records—Do not send to the Internal Revenue Service.)

Estimated Tax Computation

1
Taxable income expected for the tax year
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
Enter the smaller of line 1 or $50,000
Multiply line 2 by 15%
4
Subtract line 2 from line 1
5
Enter the smaller of line 4 or $25,000
Multiply line 5 by 25%
7
Subtract line 5 from line 4
8
Enter the smaller of line 7 or $9,925,000
Multiply line 8 by 34%
10
Subtract line 8 from line 7
Multiply line 10 by 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 -0If 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-

3

6

9
11
12
13

14

Add lines 3, 6, 9, and 11 through 13. (Qualified personal service corporations, multiply line 1 by 35%.)

14

15

Alternative tax. If the corporation has qualified timber gain, complete Part II and enter the amount
from line 37 here. Otherwise, skip lines 15 and 16 and go to line 17

15

16

Enter smaller of line 14 or line 15

16

17

Alternative minimum tax (see instructions)

17

18

Total. If the corporation has qualified timber gain, add lines 16 and 17. Otherwise, add lines 14 and 17

18

19

Tax credits (see instructions)

19

20

Subtract line 19 from line 18

20

21

Other taxes (see instructions)

21

22

Total tax. Add lines 20 and 21

22

23

Credit for federal tax paid on fuels (see instructions)

23

24

Subtract line 23 from line 22. Note: If the result is less than $500, the corporation is not required
to make estimated tax payments

24

25a Enter the tax shown on the corporation’s 2008 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 24 on line 25b
b Enter the smaller of line 24 or line 25a. If the corporation is required to skip line 25a, enter the
amount from line 24
(b)
(c)
(a)
26
27

Installment due dates (see
©
instructions)

26

Required installments. Enter
25% of line 25b in columns (a)
through (d) unless the corporation
uses the annualized income
installment method or adjusted
seasonal installment method or is
a “large corporation” (see
instructions)

27

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11525G

25a
25b
(d)

Form

1120-W

(2009)

Form 1120-W (WORKSHEET) 2009

Part II

Page

2

Alternative Tax for Corporations with Qualified Timber Gain. Complete Part II only if the corporation
has qualified timber gain under section 1201(b). Regulated investment companies (RICs), see instructions.

28

Enter qualified timber gain (as defined in section 1201(b)(2))

28

29
30

Enter net capital gain
Enter the smallest of: (a) the amount on line 28; (b) the amount on line 29; or (c) the amount on
Part I, line 1

29

31

Multiply line 30 by 15%

31

32

Subtract line 29 from Part I, line 1

32

33

Enter the tax on line 32 using the same steps used to figure the tax on page 1, Part I, line 14

33

34

Add lines 30 and 32

34

35

Subtract line 34 from Part I, line 1. If zero or less, enter -0-

35

36

Multiply line 35 by 35%

36

37

Add lines 31, 33, and 36. Enter here and on Part I, line 15

37

30

Form

1120-W

(2009)