AR1100ESCT: Corporation Estimated Tax Vouchers (2024)
Arkansas · Arkansas DFA · Used for tax years 2024
Form AR1100ESCT provides Arkansas corporation estimated income tax payment vouchers and instructions for tax year 2024. The vouchers identify the corporation, tax year, payment amount and due date, and the worksheet helps calculate estimated tax and installment amounts.
Who files this form
For tax year 2024, taxpayers subject to the tax levied by Act 118 of 1929, as amended, other than estates, must file an estimated tax declaration if they reasonably expect their estimated tax to be more than $1,000.
For corporations:
- Electronic Funds Transfer (EFT) is required if estimated quarterly income tax liability is $20,000 or more.
- EFT is optional if estimated quarterly income tax liability is less than $20,000.
- Special filing and payment timing applies to qualifying farming corporations.
When it's due
For tax year 2024, estimated payments are due in four equal installments. For a December 31 year-end, the printed table lists:
| Voucher | Due date |
|---|---|
| 1 | April 15 |
| 2 | June 17 |
| 3 | September 16 |
| 4 | December 16 |
The general schedule printed for tax year 2024 is the 15th day of the 4th, 6th, 9th and 12th months of the tax year. The form also includes a due-date table for other year-ends.
- EFT payments: Remit payments for Vouchers 1 through 4 no later than the day before each quarterly due date.
- New filing requirement: If the corporation first meets the estimated-tax filing requirement after the 15th day of the 4th month, file by the next regular quarterly payment due date.
- Extension payment, Voucher 5: For tax year 2024, submit the voucher and payment by the 15th day of the 4th month after the tax year closes.
- Qualifying farming corporations: For tax year 2024, file the declaration and pay estimated tax by the 15th day of the 2nd month after the tax year closes. Instead, the corporation may file its income tax return and pay the tax by the 15th day of the 3rd month after the tax year closes.
What you'll need
Have the information requested on the voucher ready:
- Tax year ending date and payment due date.
- Federal Employer Identification Number.
- Corporation name, address and telephone number.
- Payment amount, entered in whole dollars.
The estimated tax worksheet uses expected taxable income, estimated income tax liability and the number of installments. Keep the worksheet for your records.
For an amended computation, you will also need the revised estimated tax, prior estimated payments and number of remaining installments. For a paper payment, attach the payment to the appropriate voucher.
How to file
By mail: Use the vouchers provided or approved by the Corporation Income Tax Section. Use Vouchers 1 through 4 for estimated payments and Voucher 5 for an extension payment. Complete the appropriate voucher, cut it along the dotted line and mail it with payment to:
Department of Finance and Administration
Income Tax Section
P.O. Box 919
Little Rock, AR 72203-919
By EFT: Corporations participating in EFT must contact the EFT Unit. Call (501) 682-7105 or write to P.O. Box 3566, Little Rock, AR 72203-3566. If authorized quarterly estimated payments are made through EFT, paper estimated vouchers do not need to be mailed.
Through ATAP: Estimated payments and the Voucher 5 extension payment may be filed through Arkansas Taxpayer Access Point. The form directs taxpayers to ATAP information. Voucher 5 may also be paid through EFT.
Common mistakes
- Not cutting out the voucher: The form warns that payment processing will be delayed if you do not cut along the dotted line. Cut as straight as possible.
- Using an unapproved voucher: Use forms provided or approved by the Corporation Income Tax Section so the payment is properly applied.
- Leaving an amended declaration unmarked: Clearly mark Form AR1100ESCT “AMENDED DECLARATION.”
- Waiting until the quarterly due date to remit EFT payments: Vouchers 1 through 4 paid by EFT must be remitted no later than the day before the due date.
- Assuming an extension postpones payment: The form warns that interest and penalties apply when tax due is not paid by the original Arkansas return due date, even if the return is filed on a federal or Arkansas extension.
Questions people ask
What if my estimated tax changes substantially?
File an amended declaration by the next regular quarterly payment date. Use Form AR1100ESCT and clearly mark it “AMENDED DECLARATION.”
Is there a penalty for underestimating tax?
The form requires an estimate of at least 90% of the tax actually due. It states that failing to meet the 90% requirement on a quarterly due date results in a 10% penalty on the underestimate. The penalty does not apply if the original estimated tax paid equals the tax shown due on the preceding year's filed return, provided that return covered 12 months and showed a tax liability.
What if the corporation has uneven income?
A taxpayer with uneven income may compute the 10% penalty on an annualized basis. Use Form AR2220A and attach it to Form AR2220.
Which farming corporations qualify for special timing?
The special timing applies when farming income can reasonably be expected to be at least two-thirds of total gross income from all sources for the tax year.
Where can I ask questions about corporation income tax?
Contact the Corporation Income Tax Section at (501) 682-4775 or corporation.income@dfa.arkansas.gov.