Arizona Form 120s - Arizona S Corporation Income Tax Return - 2014 Page 2
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1
2
3Name (as shown on page 1)
EIN
SCHEDULE A
Apportionment Formula (Multistate S Corporations Only)
IMPORTANT: Qualifying air carriers must use Arizona Schedule ACA.
COLUMN A
COLUMN B
COLUMN C
Qualifying multistate service providers must include Arizona
Total Within Arizona
Total Everywhere
Ratio Within Arizona
Schedule MSP. See instructions, pages 8 through 10.
Round to nearest dollar.
Round to nearest dollar.
A ÷ B
A1 Property Factor
Be certain to enter
amounts in Column C
Value of real and tangible personal property (by averaging the value
carried to six decimal
of owned property at the beginning and end of the tax period; rented
places. You must type
property at capitalized value).
the decimal.
a Owned property (at original cost):
Inventories ....................................................................................
Depreciable assets: (do not include construction in progress) ....
Land .............................................................................................
Other assets (describe):
(
) (
)
Less: Nonbusiness property (if included in above totals) ............
Total of section a ..........................................................................
b Rented property (capitalize at 8 times net rental paid) .................
c Total owned and rented property (section a total plus section b) .
×1
OR
×7.5
d Weight AZ property:
(STANDARD uses × 1; ENHANCED uses × 7.5)
e Property factor (for column A, multiply line c by line d;
for column B, enter amount from line c) ......................................
A2 Payroll Factor
a Total wages, salaries, commissions and other compensation
paid to employees (per federal Form 1120-S or payroll reports) ..
×1
OR
×7.5
b Weight AZ payroll:
...
(STANDARD uses × 1; ENHANCED uses × 7.5)
c Payroll factor (for column A, multiply line a by line b;
for column B, enter amount from line a) .......................................
A3 Sales Factor
a Sales delivered or shipped to Arizona purchasers .......................
b Sales of services for qualifying multistate service providers
only (include Schedule MSP) ......................................................
c Other gross receipts ....................................................................
d Total sales and other gross receipts .............................................
×2
OR
×85.0
e Weight AZ sales:
......
(STANDARD uses × 2; ENHANCED uses × 85)
f Sales factor (for column A, multiply line d by line e;
for column B, enter the amount from line d) .................................
A4 Total Ratio: Add lines A1e, A2c, and A3f, in column C.....................................................................................................
A5 Average Apportionment Ratio: Divide line A4, column C, by the denominator (STANDARD divides by four (4);
ENHANCED divides by one hundred (100)). Enter the quotient in column C, and on page 1, line 7 ...............................
SCHEDULE B
Other Information
M M D D Y Y Y Y
B1 Date business began in Arizona or date income was first derived from Arizona sources:
B2 Address at which tax records are located for audit purposes:
Number/Street:
City:
State:
ZIP Code:
B3 The taxpayer designates the individual listed below as the person to contact to schedule an audit of this return and authorizes the disclosure of
confidential information to this individual. (See instructions, page 10.)
Name:
Phone Number:
(Area Code)
Title:
B4 List prior taxable years for which a federal examination has been finalized:
NOTE: A.R.S. § 43-327 requires the taxpayer, within ninety days after final determination, to report these changes under separate cover to the
Arizona Department of Revenue or to file amended returns reporting these changes. (See instructions, page 1.)
$
00
B5 Amount of net income subject to Arizona corporate income tax for prior taxable year (2013 Form 120S, line 11.) .............
B6 Indicate tax accounting method:
Cash
Accrual
Other (Specify method.)
PLEASE BE SURE TO SIGN THE RETURN ON PAGE 3.
ADOR 10337 (14)
AZ Form 120S (2014)
Page 2 of 3
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