U.S. TREAS Form treas-irs-1120-w-1994
Form
1120-W
(WORKSHEET)
Department of the Treasury
Internal Revenue Service
Corporation Estimated Tax
For calendar year 1994, or tax year beginning
, 1994, and ending
OMB No. 1545-0975
, 19
(Keep for the corporation’s records—Do Not Send to the Internal Revenue Service)
1 Taxable income expected in the tax year
Qualified personal service corporations (defined in the instructions): Skip lines 2 through
13 and go to line 14.
2 Enter the smaller of line 1 or $50,000 (members of a controlled group, see instructions)
3 Subtract line 2 from line 1
4 Enter the smaller of line 3 or $25,000 (members of a controlled group, see instructions)
1
5
6
7
8
5
6
7
8
Subtract line 4 from line 3
Enter the smaller of line 5 or $9,925,000 (members of a controlled group, see instructions) Subtract line 6 from line 5 Multiply line 2 by 15%
2
3
4
9
9 Multiply line 4 by 25% 10
11
10 Multiply line 6 by 34%
11 Multiply line 7 by 35%
12 If line 1 is greater than $100,000, enter the smaller of 5% of the excess over $100,000 or $11,750.
Otherwise, enter -0- (members of a controlled group, see instructions)
13 If line 1 is greater than $15 million, enter the smaller of 3% of the excess over $15 million or
$100,000. Otherwise, enter -0- (members of a controlled group, see instructions)
14 Total. Add lines 8 through 13 (Qualified personal service corporations: Multiply line 1 by 35%.)
15 Estimated tax credits (see instructions)
16 Subtract line 15 from line 14
17 Recapture of: a Investment credit, and b Low-income housing credit
18a Alternative minimum tax (see instructions)
b Environmental tax (see instructions)
13
14
15
16
17
18a
18b
19
20
19
20
Total. Add lines 16 through 18b
Credit for Federal tax paid on fuels (see instructions)
21 Subtract line 20 from line 19. Note: If the result is less than $500, the corporation is not required
to make estimated tax payments
22a Enter the tax shown on the corporation’s 1993 tax return. CAUTION: See instructions before
completing this line
b Required annual payment. Enter the smaller of line 21 or line 22a. If the corporation is required
to skip line 22a, enter the amount from line 21 on line 22b
(b)
(c)
(a)
23
24
12
21
22a
22b
(d)
Installment due dates (see in­
� 23
structions)
Required installments. Enter
25% of line 22b in columns (a)
through (d) unless a or b below
applies to the corporation.
Subtract any 1993 overpayment
being credited to 1994 estimated
tax. (See instructions.)
a Annualized income installment
method and/or adjusted seasonal
installment method. Complete
Schedule A and enter the amounts
from line 41 in each column of line 24.
(See instructions.)
b “Large corporations.” See the
instructions for the amount to
enter in each column of line 24
24
For Paperwork Reduction Act Notice, see the instructions on page 4.
Cat. No. 11525G
Form
1120-W
(1994)