Arizona Form 120a - Arizona Corporation Income Tax Return (Short Form)

Arizona Corporation Income Tax Return (Short Form)

ARIZONA FORM

2002

120A

YYYY

For taxable year beginning ______/______/________, and ending ______/______/________

CHECK ONE:

Mail to: Arizona Department of Revenue, PO Box 29079, Phoenix AZ 85038-9079

Calendar year

Fiscal year

Federal employer ID number (FEIN)

Business telephone number

Name

Please

AZ withholding tax number

(

)

Number and street

Type

Business activity code number

(from federal Form 1120)

AZ transaction privilege tax number

City, or town, state, and ZIP code

FOR DOR USE ONLY

Check box if:

This is a first return

Name change

Address change

Is FEDERAL return filed on a consolidated basis?

Yes

If yes, list FEIN of common parent from consolidated return. _________________________

NOTE: Use Form 120 to file an ARIZONA consolidated return. Taxpayers cannot use

Form 120A to file an Arizona consolidated return.

Is this the corporation’s final ARIZONA return?

Yes

If yes, check one:

Dissolved

Withdrawn

Merged/Reorganized

CHECK BOX IF:

List FEIN of the successor corporation, if any __________________________________

Federal extension used to ﬁ le return.

Arizona Taxable Income Computation

1 Taxable income - per attached federal return ..................................................................................................................................

2 Additions to taxable income - from page 2, Schedule A, line A12....................................................................................................

3 Total taxable income - add lines 1 and 2 .........................................................................................................................................

4 Subtractions from taxable income - from page 2, Schedule B, line B12..........................................................................................

5 Adjusted income - subtract line 4 from line 3...................................................................................................................................

6 Arizona basis net operating loss carryforward - attach computation schedule................................................................................

7 Arizona taxable income - subtract line 6 from line 5 ........................................................................................................................

Arizona Tax Liability Computation

8 Enter tax. Tax is 6.968 percent of line 7 or ﬁ fty dollars ($50), whichever is greater ................................................................

9 Tax from recapture of tax credits - from Form 300, Part II, line 26 ..................................................................................................

10 Subtotal - add lines 8 and 9 .............................................................................................................................................................

11 Clean Elections Fund Tax Reduction. Check this box to send $5 to the fund and reduce the tax (line 10) by $5.

Enter the amount of the tax reduction.............................................................................................................................

12 Nonrefundable tax credits - from Form 300, Part II, line 50.............................................................................................................

13 Credit type - enter form number for each nonrefundable credit claimed .. 13

14 Tax liability - subtract the sum of lines 11 and 12 from line 10.........................................................................................................

15 Clean Elections Fund Tax Credit. SEE INSTRUCTIONS BEFORE COMPLETING THIS LINE......................................................

16 Tax liability after Clean Elections Fund tax credit - subtract line 15 from line 14 .............................................................................

Tax Payments

17 Refundable tax credits - see instructions..........................................................................................

18 Credit type - enter form number for each refundable credit claimed .... 18

19 Extension payment made with Form 120EXT. See instructions .......................................................

20 Estimated tax payments - see instructions .......................................................................................

21 Total payments - see instructions ....................................................................................................................................................

Computation of Total Due or Overpayment

22 Balance of tax due - If line 16 is larger than line 21, enter balance of tax due. Skip line 23............................................................

23 Overpayment of tax - If line 21 is larger than line 16, enter overpayment of tax .............................................................................

24 Penalty and interest .........................................................................................................................................................................

25 Estimated tax underpayment penalty - If Form 220 is attached, check box................................................................

26 Donation to Citizens Clean Elections Fund - see instructions .........................................................................................................

27 TOTAL DUE - payment must accompany return.............................................................................................................................

28 OVERPAYMENT - see instructions.................................................................................................................................................

29 Amount of line 28 to be applied to 2003 estimated tax.....................................................................

30 Amount to be refunded - subtract line 29 from line 28.....................................................................................................................

ADOR 91-0023 (02)

Arizona Form 120a - Arizona Corporation Income Tax Return (Short Form) - 2002

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