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

Arizona Corporation Income Tax Return (Short Form)

ARIZONA FORM

2007

120A

M M D D Y Y Y Y

For the calendar year 2007 or ﬁ scal year beginning

and ending

CHECK ONE:

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

Calendar year

Fiscal year

Business telephone number

Employer identiﬁ cation number (EIN)

Name

Please

(

)

Number and street or PO Box

Type

Business activity code number

AZ transaction privilege tax number

(from federal Form 1120)

City, or town, state, and ZIP code

CHECK BOX IF:

Check box if:

This is a first return

Name change

Address change

Return ﬁ led under extension.

Is FEDERAL return filed on a consolidated basis?

Yes

FOR DOR USE ONLY

If yes, list EIN 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Withdrawn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

List EIN of the successor corporation, if any:

Arizona Taxable Income Computation

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

2 Additions to taxable income - from page 2, Schedule A, line A11 ....................................................................................................

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 22...................................................................................................

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 43 .............................................................................................................

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 Extension payment made with Form 120EXT - see instructions ......................................................

18 Estimated tax payments - see instructions .......................................................................................

19 Total payments - see instructions ....................................................................................................................................................

Computation of Total Due or Overpayment

20 Balance of tax due - If line 16 is larger than line 19, enter balance of tax due. Skip line 21 ............................................................

21 Overpayment of tax - If line 19 is larger than line 16, enter overpayment of tax .............................................................................

22 Penalty and interest .........................................................................................................................................................................

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

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

25 TOTAL DUE - see instructions ..................................................................................................Payment must accompany return

26 OVERPAYMENT - see instructions .................................................................................................................................................

27 Amount of line 26 to be applied to 2008 estimated tax .....................................................................

28 Amount to be refunded - subtract line 27 from line 26 .....................................................................................................................

ADOR 91-0023 (07)

DRAFT 081607

Form 120a Draft - Arizona Corporation Income Tax Return (Short Form) - 2007

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