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Arizona Form

2011 Arizona Corporation Income Tax Return (Short Form)

120A

Limited Liability Companies

Obtain additional information or assistance by calling one of

the numbers listed below:

Under the provisions of the Arizona Limited Liability

Phoenix

(602) 255-3381

Company Act, a limited liability company (LLC) is classified

From area codes 520 and 928, toll-free

(800) 352-4090

as a partnership, or as a corporation, or is disregarded as an

entity as determined under the Internal Revenue Code as

Hearing impaired TDD user

defined in ARS § 43-105. An LLC would file a return

Phoenix

(602) 542-4021

appropriate to its classification as a partnership, corporation,

From area codes 520 and 928, toll-free

(800) 397-0256

or a branch or division of its owner. Refer to Arizona

Obtain tax rulings, tax procedures, tax forms and instructions,

Corporate Tax Ruling CTR 97-2 for further information.

and other tax information by accessing the department's

Internet home page at

Electing Small Business Corporations

Corporations taxed as S corporations under Subchapter S of

General Instructions

the Internal Revenue Code must file Form 120S.

Taxable Year Covered by Return

Which Corporations Must File a Return

File returns for the calendar year or fiscal year. Indicate the

Every corporation subject to the Arizona Income Tax Act of

period covered by the taxable year on page 1 of the return and

1978 must file an Arizona corporate income tax return.

whether the taxable year is a calendar year or a fiscal year.

NOTE: Homeowners associations described in IRC § 528 are

Filing Original Returns

not exempt from tax under ARS § 43-1201 [associations that

Returns are due by the 15th day of the fourth month following the

file federal Form 1120-H or 1120]. These associations must

close of the taxable year. If the taxpayer has a valid federal or

file an Arizona corporate income tax return on Form 120A or

Arizona extension, file the return by the extended due date. If the

Form 120. However, certain homeowners associations are

taxpayer uses an extension, the taxpayer must check the extension

federally tax exempt under IRC § 501(c)(4), as social welfare

box (82F) on page 1 of the return. Send the return to the Arizona

organizations or under IRC § 501(c)(7), as clubs organized for

Department of Revenue, PO Box 29079, Phoenix AZ

pleasure or recreation. These homeowners associations are

85038-9079. One or more of the following officers (president,

similarly tax exempt for Arizona income tax purposes. These

treasurer, or any other principal officer) must sign the return. The

organizations may file Form 99.

department requests that taxpayers attach a copy of the completed

Which Corporations May Use Form 120A

federal return to the Arizona return. ARS § 42-1112 prescribes the

schedules required to be included.

The short form, Form 120A, is designed for corporate

taxpayers with less complex filing requirements.

The department normally determines the timeliness of a return

A corporation may use Form 120A if it files its return on a

by the postmark or other official mark of the U.S. Postal

separate company (separate entity) basis and it is a “wholly

Service stamped on the envelope in which the return is mailed.

Arizona corporation”. A corporation that has income from

Refer to Arizona General Tax Ruling GTR 93-1 for further

business activity that is taxable entirely within Arizona is a

information. The department will also accept proof of mailing

“wholly Arizona corporation”. A corporation files on a

from a private delivery service included in the Internal

separate company (separate entity) basis if: (1) it is not part

Revenue Service list of designated private delivery services.

of a group of corporations comprising a unitary business; or

Contact the private delivery service for information regarding

(2) it is not a member of an affiliated group that elected to file

how to obtain written proof of mailing.

an Arizona consolidated return.

Rounding Dollar Amounts

A corporation MUST USE Form 120 if: (1) it is a multistate

Taxpayers must round amounts to the nearest whole dollar. If

corporation; or (2) it is a member of a unitary group of

50 cents or more, round up to the next dollar. If less than 50

corporations that files an Arizona return on a combined basis;

cents, round down.

or (3) it is a member of an affiliated group of corporations

Treatment

Installment

Obligations

When

that elected to file an Arizona consolidated return. A

Corporation Activities Cease

“multistate corporation” is a corporation that has income

from business activity that is taxable in more than one state.

If a corporation elects to report income from the sale or other

disposition of property on the installment method, and does not

NOTE: The corporation must file Form 120 if the

report the entire amount of income from the sale before the year

corporation is: (1) a partner in a multistate partnership; or

the corporation ceases to be subject to Arizona corporation

(2) a partner in a partnership with business activity conducted

income tax, the corporation must report the unreported income in

entirely outside Arizona.

the last year in which the corporation is subject to the tax. This

provision does not apply if a reorganization transfers the

Entity Classification Under the Federal "Check-the-

installment obligation to another taxpayer subject to Arizona tax

Box Rules"

as the transferee. The transferee may not use its capital losses to

The federal tax classification of an entity under the federal

offset income from the installment obligation transferred from a

"check-the-box rules" determines the entity's classification

corporation no longer subject to the tax.

for Arizona tax purposes. Refer to Arizona Corporate Tax

Estimated Tax Payments

Ruling CTR 97-1 for further information. An entity that is

Corporations that expect an Arizona income tax liability for the

disregarded as an entity separate from its owner is included in

taxable year of $1,000 or more must make Arizona estimated

the tax return of its owner.

Arizona Form 120a Instruction - Arizona Corporation Income Tax Return (Short Form) - 2011

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