AR2220A-CT: Annualized Underpayment of Estimated Tax (Revision 2024-06)
Arkansas · Arkansas DFA · Used for tax years 2025
Arkansas Form AR2220A-CT calculates required corporate estimated tax installments using the annualized income method. It uses taxable income for specified periods, annualization factors, and business and incentive credits to determine required estimates to enter on Form AR2220-CT
Who files this form
AR2220A-CT is for corporations using the annualized income method to calculate required estimated tax payments. The form does not state which corporations are required to use this method.
What you'll need
- Quarterly income statement: The form says to attach this when entering taxable income for each period on lines 1 and 4.
- Form AR2220-CT: You need line 3 to calculate line 16 of this form. You also transfer the required estimates back to AR2220-CT.
- AR1100CT, Schedule B, line 3: This supplies the business and incentive credit amount used on line 9.
- Tax table: Line 8 directs you to compute tax using the tax table.
You also need the corporation’s name, FEIN, tax-year beginning and ending dates, and taxable income for the periods shown.
Common mistakes
Do not complete the columns out of order. The note on line 13 says to complete column A before B, B before C, and C before D. Line 13 uses the amounts from line 20 in all preceding columns.
Questions people ask
What if the corporation filed an extension?
Check the box at the top of the form if you filed a state extension or an automatic federal extension.
How do I enter business and incentive credits?
On line 9, enter one-fourth of the business and incentive credits allowed on AR1100CT, Schedule B, line 3, for each period.
What if the calculation on line 10 or line 14 is zero or less?
Enter zero. Line 10 subtracts line 9 from line 8. Line 14 subtracts line 13 from line 12.
Where do the required estimates go?
On line 20, enter the smaller of line 15 or line 18 for each column. Transfer those amounts to Form AR2220-CT, column B, lines 2, 5, 8, and 11.