Instructions For Form 333 - Arizona Credit For Employing National Guard Members - 2014

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Arizona Form
2014 Credit for Employing National Guard Members
333
Phone Numbers
Line-by-Line Instructions
Enter your name and Social Security Number (SSN) as
For information or help, call one of the numbers listed:
shown on Arizona Forms 140, 140PY, 140NR, or 140X.
Phoenix
(602) 255- 3381
All returns, statements, and other documents filed with the
From area codes 520 and 928, toll-free
(800) 352- 4090
department require a taxpayer identification number (TIN).
Tax forms, instructions, and other tax information
The TIN for an individual is the taxpayer's SSN or an Internal
If you need tax forms, instructions, and other tax
Revenue Service (IRS) individual taxpayer identification
information,
go
to
the
department’s
website
at
number (ITIN). Taxpayers that fail to include their
identification number may be subject to a penalty.
Income Tax Procedures and Rulings
Part 1 - Business Information
These instructions may refer to the department’s income tax
procedures and rulings for more information. To view or
Lines 1 through 3 -
print these, go to our website and click on Legal Research
Enter the name, address, and employer identification number
then click on Procedures or Rulings and select a tax type
of the business that employs qualifying employees.
from the drop down menu.
Part 2 - Credit Computation
Publications and Brochures
To view or print the department’s publications and
Before completing lines 4 through 6, complete Form 333-1.
Form 333-1 is a listing of all employees for which you are
brochures, go to our website and click on Publications.
claiming the credit. If you have more than 16 qualifying
General Instructions
employees, complete additional schedule(s) and include with
the credit form.
Arizona law provides a credit for employers who have an
Form 333-1 Qualifying Employees
employee that is a member of the Arizona National Guard if
the employee is placed on active duty.
Complete Form 333-1 as instructed on the form.
The credit is $1,000 for each employee who is placed on
Form 333
-
active duty by the Arizona National Guard.
Lines 4 through 6 -
To qualify for the credit, all of the following must apply:
The credit is $1,000 for each qualifying employee that is
1. The employee must be a member of the Arizona
placed on active duty by the Arizona National Guard.
National Guard.
Complete lines 4 through 6 as instructed on the form.
2. The employee must be in a full time equivalent position
Part 3 - S Corporation Credit Election and
when the employee is placed on active duty.
Shareholder's Share of Credit
3. Each member of the Arizona National Guard who is
employed must have served during the taxable year on
Line 7 -
active duty for training that exceeds the required annual
The S corporation must complete this portion of Form 333 in
training period, including any activation for federal or
order for the S corporation or its shareholders to claim this
state contingencies or emergencies.
credit. The S corporation must make an irrevocable election
You may claim this credit only once in any taxable year with
either to claim the credit or to pass the credit through to its
respect to each employee who is placed on active duty by the
shareholders.
Arizona National Guard. However, you may claim the credit
The election statement must be signed by one of the officers
again for that employee in a subsequent year if that
of the S corporation who is also a signatory to the Arizona
employee remains on active duty or is placed again on active
Form 120S.
duty in a subsequent taxable year.
Lines 8 through 10 -
If the allowable credit exceeds your income tax liability, you
If the S corporation elects to pass the credit through to its
may carry over any unused amount for the next five
shareholders, it must also complete lines 8 through 10.
consecutive taxable years.
S corporations must complete Form 333, Parts 1 through 3.
This credit is available to individuals, corporations, and S
The S corporation must complete Part 3, lines 8 through 10,
corporations. A partnership may pass the credit through to
separately for each shareholder.
its partners. An S corporation may pass the credit through to
its shareholders.
Each shareholder may claim only a pro rata share of the
credit based on the shareholder’s ownership interest in the S
This credit is also available to an exempt organization that is
corporation. The S corporation must furnish each
subject to corporate income tax on unrelated business
shareholder with a copy of pages 1 and 2 of Form 333.
taxable income (UBTI). The credit must result from the
activities that generate the UBTI.
Each shareholder must complete Parts 5 and 6.

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