Summary of changes for Instructions 1120-W

Implementation Plan: Open Actions for Product 1120W
Run by: SD_NY3HB

Run date:

15-DEC-08

Reviewer: FINNEGAN, MICHELE
Action
Act
IRC
Number Section Section

Description of Action

Date
Type

Effective
Date

Target
Due Date

P.L. 109-222, Tax Increase Prevention and Reconciliation Act of 2005
66.00084

401

non code

Revise product to reflect that corporations with
assets of $1 billion or more must make estimated
tax payments of 106.25% of the payment
otherwise due in July, August, or September of
2012 and must reduce the next required payment
accordingly.

DOE

17-MAY-2006

30-NOV-2010

66.00085

401

non code

Revise product to reflect that corporations with
assets of $1 billion or more must make estimated
tax payments of 100.75% of the payment
otherwise due in July, August, or September of
2013 and must reduce the next required payment
accordingly.

DOE

17-MAY-2006

30-NOV-2011

66.00086

401

non code

Revise the product to remove language that
increases or reduces the amount of the estimated
tax payment otherwise due.

DOE

17-MAY-2006

30-NOV-2013

66.00092

401

non code

Revise the product to reflect that 20.5 percent of
the corporation's estimated tax payment due
September 15, 2010 is not due until October 1,
2010.

DOE

17-MAY-2006

30-NOV-2008

66.00093

401

non code

Revise the product to reflect that 27.5 percent of
the corporation's estimated tax payment due
September 15, 2011 is not due until October 1,
2011.

DOE

17-MAY-2006

30-NOV-2009

Effective
Date

Target
Due Date

Reviewer: MCALPINE, JOAN
Action
Act
IRC
Number Section Section

Description of Action

Date
Type

P.L. 110-28, U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq
66.00092

8248

6655

Revise product to reflect the increase in the
corporate estimated tax payments for corporations
with assets of at least $1 billion due in July,
August, and September, 2012 from 106.25% to
114.25% of the payment otherwise due.

DOE

25-MAY-2007

29-NOV-2011

30-JUL-2008

27-NOV-2012

P.L. 110-289, Housing and Economic Recovery Act of 2008
66.00011

3094

Revise product to reflect the increase in the
required payment for the July-Sept 2013 period by
certain large corporations.

Description of Changes to the 2009 Instructions for
Form 1120-W, Estimated Tax for Corporations
1. We have separated Form 1120-W from its instructions. The instructions
are being released as a stand-alone product.
2. We added a What’s New to reflect the new corporate rate reduction for
qualified timber gains. (Ref. P.L. 110-234 (number replaced by P.L. 246), section
15311)
3. We added instructions for Part 1, line 15, and Part II to reflect the new
corporate rate reduction for qualified timber gains discussed above.
4. The mailing address for sending comments to the Tax Products
Coordinating Committee (TPCC) was updated to reflect the new room
number.