Form 165 Draft - Arizona Partnership Income Tax Return

Arizona Partnership Income Tax Return

ARIZONA FORM

2007

165

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 52153, Phoenix AZ 85038-2153

Original

Amended

Calendar year

Fiscal year

Employer identiﬁ cation number (EIN)

Business telephone number

Name

Please

(

)

Type

Number and street or PO Box

Business activity code number

AZ transaction privilege tax number

(from federal Form 1065)

City, or town, state, and ZIP code

CHECK BOX IF:

Check box if:

This is a ﬁ rst return

Name change

Address change

Return ﬁ led under extension.

DBA

FOR DOR USE ONLY

Will a composite return be ﬁ led on Form 140NR?

Yes

Total number of nonresident individual partners

Total number of resident individual partners

Total number of entity partners (see instructions, page 2)

Date business commenced ______/______/______ .

YYYY

G Arizona apportionment - (check only one) Multistate corporations only.

AIR Carrier

STANDARD Sales Factor

ENHANCED Sales Factor

YES

Is this the partnership’s ﬁ nal return? ...............................................................................................................................................................

Did you ﬁ le 2005 and 2006 Arizona partnership returns? If no, state reason

Have you ﬁ led amended federal partnership returns for prior years? .............................................................................................................

If yes, list years

Have you attached a copy of your federal Form 1065 and supporting schedules to this return, including Schedule(s) K-1? ........................

Has the Internal Revenue Service made any adjustments in any federal income tax return ﬁ led by the partnership not previously

reported to the department? If yes, indicate year(s)

, and submit under separate cover a copy of

the IRS report as ﬁ nally determined ................................................................................................................................................................

M The partnership books are in care of:

located at:

1 Federal ordinary business and rental income - from Form 1065, Schedule K. See instructions ..........................

Adjustment of

2 Additions to partnership income - from Schedule A, line A6 .................................................................................

Partnership

3 Subtotal - add lines 1 and 2 ..................................................................................................................................

Income From

4 Subtractions from partnership income - from Schedule B, line B9 .......................................................................

Federal to

5 Partnership income adjusted to Arizona basis - line 3 minus line 4 ......................................................................

Arizona Basis

6 Net adjustment of partnership income from federal to Arizona basis - line 5 minus line 1 ...................................

Penalty

7 Penalty for late ﬁ ling or incomplete ﬁ ling ( $500.00 ) ............................................................................................

Schedule A - Additions to Partnership Income

A1 Total federal depreciation ................................................................................................................................................................

A2 Non-Arizona municipal bond interest ..............................................................................................................................................

A3 Capital investment by qualiﬁ ed defense contractor ........................................................................................................................

A4 Additions related to Arizona tax credits ...........................................................................................................................................

A5 Other additions to partnership income ............................................................................................................................................

A6 Total additions to partnership income - add lines A1 through A5. Enter total here and on line 2 ....................................................

Schedule B - Subtractions From Partnership Income

B1 Recalculated Arizona depreciation - see instructions .....................................................................................................................

B2 Basis adjustment for property sold or otherwise disposed of during the taxable year - see instructions ........................................

B3 Interest from U.S. government obligations .....................................................................................................................................

B4 Difference in adjusted basis of property..........................................................................................................................................

B5 Agricultural crops charitable contribution - see instructions ............................................................................................................

B6 Capital investment by qualiﬁ ed defense contractor ........................................................................................................................

DRAFT 081607

B7 Sale of new energy efﬁ cient residence(s) - see instructions ...........................................................................................................

B8 Other subtractions from partnership income ...................................................................................................................................

B9 Total subtractions from partnership income - add lines B1 through B8. Enter total here and on line 4 ..........................................

ADOR 91-0031 (07)