Arizona Form 120s - S Corporation Income Tax Return - 2001
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1
2Arizona S Corporation Income Tax Return
2001
ARIZONA FORM
120S
CHECK ONE:
For taxable year beginning ______/______/________, and ending ______/______/________
MM
DD
YYYY
MM
DD
YYYY
Original
Amended
CHECK ONE:
Mail to: Arizona Department of Revenue, PO Box 29079, Phoenix AZ 85038-9079
Calendar year
Fiscal year
Business telephone number
Name
Federal employer ID number (FEIN)
Please
AZ withholding tax number
Type
(
)
Number and street
Business activity code number
or
(from federal Form 1120S)
AZ transaction privilege tax number
City, or town, state, and ZIP code
Print
FOR DOR USE ONLY
69
Check box if:
This is a rst return
Name change
Address change
A
Is this the corporation’s nal Arizona return?
Yes
No
If yes, check one:
Dissolved
Withdrawn
Merged/Reorganized
List FEIN of the successor corporation, if any _______________________
B
Does the S corporation conduct business within and without Arizona?
Yes
No
C
Will a composite return be led on Form 140NR?
Yes
No
D
Total number of nonresident individual shareholders
________________
81
66
E
Total number of resident individual shareholders
________________
CHECK BOX IF:
F
82
82
F
Total number of entity shareholders (See instruction page 3)
________________
Federal extension used to le return.
1 Total distributive income (loss) - from federal Form 1120S, Schedule K ......................................................................................
1
00
Complete lines 2-11 only if the S corporation has excess net passive income or capital gains/built-in gains. An S corporation that is not required to complete lines 2-11
must complete lines 12-34 if the S corporation has a tax liability from the recapture of tax credits or has elected to claim refundable tax credits.
2 Excess net passive income ...........................................................................................................
2
00
3 Capital gains/built-in gains.............................................................................................................
3
00
4 Total federal income subject to corporate income tax - add lines 2 and 3.
...
4
00
WHOLLY ARIZONA S CORPORATION GO TO LINE 11
5 Nonapportionable or allocable income - attach schedule. MULTISTATE S CORPORATIONS ONLY..........................................
5
00
6 Apportionable income - subtract line 5 from line 4. Multistate S corporations only ......................................................................
6
00
.
7 Arizona apportionment ratio - from Schedule C or Schedule ACA ...............................
7
8 Income apportioned to Arizona - line 6 multiplied by line 7. Multistate S corporations only .........................................................
8
00
9 Other income allocated to Arizona - attach schedule. Multistate S corporations only ..................................................................
9
00
10 Total income attributable to Arizona - add lines 8 and 9 ...............................................................................................................
10
00
11 Net income subject to Arizona corporate income tax. Wholly Arizona S corporations - enter amount from line 4
Multistate S corporations - enter amount from line 10 ..................................................................................................................
11
00
12 Enter tax - see instructions before completing this line ................................................................................................................
12
00
13 Tax from recapture of tax credits - from Form 300, Part II, line 26 ...............................................................................................
13
00
14 Subtotal - add lines 12 and 13 ......................................................................................................................................................
14
00
15 Clean Elections Fund Tax Reduction. Check this box to send $5 to the fund and reduce the tax (line 14) by $5.
Enter the amount of the tax reduction..........................................................................................................................
A
15
00
15
16 Nonrefundable tax credits - from Arizona Form 300, Part II, line 50.............................................................................................
16
00
17 Credit type - enter form number for each credit claimed ................
17
3
3
3
3
18 Tax liability - subtract the sum of lines 15 and 16 from line 14 .....................................................................................................
18
00
19 Clean Elections Fund Tax Credit. SEE INSTRUCTIONS BEFORE COMPLETING THIS LINE...................................................
19
00
20 Tax liability after Clean Elections Fund tax credit - subtract line 19 from line 18 ..........................................................................
20
00
21 Refundable tax credits - see instructions.......................................................................................
21
00
22 Credit type - enter form number for each refundable credit claimed ....... 22
3
3
3
3
23 Extension payment made with Form 120EXT - see instructions ...................................................
23
00
24 Estimated tax payments - see instructions ....................................................................................
24
00
25 Total payments - add lines 21, 23 and 24. Amended returns - see instructions ...........................................................................
25
00
26 Balance of tax due - If line 20 is larger than line 25, enter balance of tax due. Skip line 27.........................................................
26
00
27 Overpayment of tax - If line 25 is larger than line 20, enter overpayment of tax ..........................................................................
27
00
28 Penalty and interest ......................................................................................................................................................................
28
00
29 Estimated tax underpayment penalty. If Form 220 is attached, check box .............................................................
A
29
00
29
30 Donation to Citizens Clean Elections Fund - see instructions ......................................................................................................
30
00
31 TOTAL DUE - payment must accompany return..........................................................................................................................
31
00
32 OVERPAYMENT - see instructions..............................................................................................................................................
32
00
33 Amount of line 32 to be applied to 2002 estimated tax..................................................................
33
00
34 Amount to be refunded - subtract line 33 from line 32..................................................................................................................
34
00
ADOR 91-0025 (01) rj
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