Instructions For Arizona Form 141az - 2013 (Page 2 of 15) in pdf

Arizona Form 141AZ

Late Filing Penalty

Grantor Trusts

If you file late, we will charge you a late filing penalty. This

Grantor trusts file only an information return since the income

penalty is 4½% (.045) of the tax required to be shown on the

reverts to the grantor. The grantor reports this income on the

return for each month or fraction of a month the return is

individual income tax return (AZ Form 140). Do not enter any

late. This penalty cannot exceed 25% of the tax found to be

numerical figures on the face of the return. Go directly to the

remaining due.

signature line. The fiduciary should indicate that the return is for

Late Payment Penalty

a grantor trust by checking the appropriate box on line 6.

If you pay your tax late, we will charge you a late payment

Where Should You Mail the Return?

penalty. This penalty is ½ of 1% (.005) of the amount shown

If you are expecting a refund, or owe no tax, or owe tax but

as tax for each month or fraction of a month for which the

are not sending a payment, mail the return to:

failure continues. We charge this penalty from the original

Arizona Department of Revenue

due date of the return until the date you pay the tax. This

PO Box 52138

penalty cannot exceed a total of 10% of the unpaid tax.

Phoenix, AZ 85072-2138

Extension Underpayment Penalty

If you are sending a payment with this return, mail the return to:

If you file your return under an extension, you must pay

Arizona Department of Revenue

90% of the tax shown on your return by the return's original

PO Box 52016

due date. If you do not pay this amount, we will charge you

Phoenix, AZ 85072-2016

a penalty. This penalty is ½ of 1% (.005) of the tax not paid

When Should You File?

for each 30-day period or fraction of a 30-day period. We

Your 2013 calendar year tax return is due no later than

charge this penalty from the original due date of the return

midnight, April 15, 2014. You must file a return made on a

until the date you pay the tax. This penalty cannot exceed

fiscal year basis by the 15th day of the fourth month

25% of the unpaid tax. If we charge you the extension

following the close of the fiscal year. Your original filing

underpayment penalty, we will not charge you the late

date must be the same for Arizona as it is for federal

payment penalty under Arizona Revised Statutes (A.R.S.) §

purposes.

42-1125(D).

You may request an extension if you know you will not be

able to file on time. An extension does not extend the time to

NOTE: If you are subject to two or more of the above

pay the income tax. Failure to pay at least 90% (.90) of the

penalties, the total cannot exceed 25%.

tax due by the original due date will result in a penalty.

Interest

Arizona charges interest on any unpaid tax. The extension

underpayment penalty is ½ of 1% (.005) of the tax not paid

We charge interest on any tax not paid by the due date. We

for each 30-day period or fraction of a 30-day period. The

will charge you interest even if you have an extension. If

extension underpayment penalty cannot exceed 25% of the

you have an extension, we will charge you interest from the

unpaid tax.

original due date until the date you pay the tax. The Arizona

interest rate is the same as the federal rate.

NOTE: Arizona will grant a five-month extension. For

Amended Returns

more information, see Fiduciary Tax Ruling FTR 09-1.

If you are filing an amended AZ Form 141AZ, check the

To Get a Filing Extension, You Can Either:

amended return box on line 6. Complete the entire return,

Apply for a state extension (Form 141AZ EXT). To apply

correct the appropriate line(s) with the new information, and

for an automatic 5-month state extension, file Arizona Form

recompute your tax liability.

On an attached schedule,

141 AZ EXT by April 15. See Form 141AZ EXT for

explain the reason(s) for the amendment(s) and identify the

details. You do not have to attach a copy of the extension to

line(s) and amount(s) being changed on the amended return.

your return when you file, but make sure that you check

Also, attach a copy of the amended federal Form 1041.

extension box 82E on page 1 of the return. If you must

make a payment, use Arizona Form 141AZ EXT.

NOTE: You must plainly mark an amended return

"Amended" by checking the appropriate box on line 6. The

Use your federal extension - file your Arizona return by the

period covered by this return must be the same accounting

same due date. You do not have to attach a copy of the

period as covered by the original return. If you are amending

extension to your return, but make sure that you check

a prior year return, use Form 141AZ for that taxable year.

extension box 82E on page 1 of the return.

Does an Estate or Trust Have to Make Estimated

Copy of Will or Trust Instrument

Payments?

Upon the department's request, the fiduciary must submit a

An estate or trust does not have to make estimated payments.

copy of the will or trust instrument when the estate's or trust's

An estate or trust may elect to make Arizona estimated tax

payments on Arizona Form 141AZ ES.

gross income is $5,000 or more. The fiduciary must swear that

What if You File or Pay Late?

the will or trust instrument is a true and complete copy.

If you file or pay late, we will charge you interest and

Reporting Payments Made by an Estate or

penalties on the amount you owe. If the U.S. Post Office

Trust

postmarks your 2013 calendar return by April 15, 2014, your

return will not be late. You may also use certain private

An estate or trust that paid salaries or wages may have to

delivery services designated by the Internal Revenue Service

report those payments to the department.

(IRS) to meet the “timely mailing as timely filed” rule.

Instructions For Arizona Form 141az - 2013 Page 2

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