Arizona S Corporation Income Tax Return Form

Form 120S is for the use of Arizona-based corporations categorized as ‘S Corporations’ under Subchapter S of the Internal Revenue Code (IRC).Download

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ADOR 10337 (12)	
Arizona S Corporation Income Tax Return
Please
Type
or
Print	
2012	
ARIZONA FORM	
120S	
City or town, state, and ZIP code Name
Number and street or PO Box
Business telephone number
(with area code
)
Business activity code number
( from federal Form 1120-S ) CHECK ONE:	
… Original    	… Amended
  1 
Total distributive income (loss) – from federal Form 1120-S, Schedule K  ................................................................ 1	
 00	Complete lines 2-12 only if the S corporation has excess net passive inc\
ome or capital gains/built-in gains. An S corporation t hat is not required 
to complete lines 2-12 must complete lines 13-27 if the S corporation ha\
s a tax liability from the recapture of tax credits.
  2  Excess net passive income ........................................................................\
..........................   2	
 00	
 3  Capital gains/built-in gains ........................................................................\
............................   3	 00	
 4  Total federal income subject to corporate income tax –  add lines 2 and 3.  	WHOLLY ARIZONA S CORPORATIONS GO TO LINE 11	  4	 00	
  5  Nonapportionable or allocable income –  attach schedule.  	MULTISTATE S CORPORATIONS ONLY	 ............................................  5	 00	
 6  Apportionable income –  subtract line 5 from line 4.  	MULTISTATE S CORPORATIONS ONLY	 .......................................................  6	 00	
 7  Arizona apportionment ratio –  from Schedule A or Schedule ACA  ..........................  7 	•	 8  Income apportioned to Arizona –  line 6 multiplied by line 7.  	MULTISTATE S CORPORATIONS ONLY	 ..........................................  8	 00	
 9  Other income allocated to Arizona –  attach schedule.  	MULTISTATE S CORPORATIONS ONLY	 ..................................................  9	 00	
 10  Total income attributable to Arizona –  add lines 8 and 9 ........................................................................\
..........................  10	 00	
 11
  Net income subject to Arizona corporate income tax .  Wholly Arizona S corporations – enter the amount from line 4.
Multistate S corporations –  enter the amount from line 10  .......................................................................\
........................  11	
 00	
 12  Enter tax – see instructions before completing this line
........................................................................\
............................  12	 00	
 13  Tax from recapture of tax credits – from Form 300, Part II, line 28 ........................................................................\
........... 13	 00	
 14 Subtotal –  add lines 12 and 13  .......................................................................\
....................................................... ........... 14	 00	
 15  Nonrefundable tax credits – 
from Arizona Form 300, Part II, line 52 .......................................................................\
.........  15	 00	
 16  Credit type – enter form number for each nonrefundable credit claimed:  16	3	3	3	3	
 
17  Tax liability – subtract line 15 from line 14 ........................................................................\
................................................  17	 00	
 18  Clean Elections Fund Tax Credit.  	SEE INSTRUCTIONS BEFORE COMPLETING THIS LINE	 .............................................................  18	 00	
 19  Tax liability after Clean Elections Fund tax credit –  subtract line 18 from line 17 .............................................................  19	 00	
 20  Refundable tax credits.  Check box(es) and enter amount(s) ............    20	 …	308   	…	342 
20	 00	
 21  Extension payment made with Form 120EXT or online  – see instructions ...........................   21	 00	
 22  Estimated tax payments – see instructions  .......................................................................\
...   22	 00	
 23  Total payments – add lines 20 through 22. Amended returns – see instructions  ............................................................. 23	 00	
 24  Balance of tax due – If line 19 is larger than line 23, enter balance of tax due.  Skip line \
25  ........................................... 24	 00	
 25  Overpayment of tax – If line 23 is larger than line 19, enter overpayment of tax .............................................................. 25	 00	
 26  Penalty and interest ........................................................................\
..................................................................................  26	 00	
 27  Estimated tax underpayment penalty.  If Form 220 is attached, check box ......................................................   27A	…	 27	 00	
 
28  Information return penalty –  see instructions .......................................................................\
.............................................  28	 00	
 29 
TOTAL DUE  – see instructions........................................................................\
............Payment must accompany return
 29	 00	
  30 OVERPAYMENT – see instructions
........................................................................\
..........................................................  30	 00	
 31  Amount of line 30 to be applied to 2013 estimated tax .........................................................   31	 00	
 32  Amount to be refunded –  subtract line 31 from line 30  .......................................................................\
..............................  32	 00	
AZ transaction privilege tax number Employer identification number (EIN)	
68	 Check box if:  	†	 This is a first return   	†	 Name change   	†	 Address  change
A  Multistate S corporations only: Arizona apportionment  (check only one):
 	
†	 AIR Carrier   	†	 STANDARD Sales Factor   	†	 ENHANCED Sales Factor
B  Is this the S corporation’s final Arizona return?  	
†	 Yes   	†	 No
  If yes, check one:  	
†	 Dissolved   	†	 Withdrawn   	†	 Merged/Reorganized
  List EIN of the successor corporation, if any:   
C  Does the S corporation conduct business within and without Arizona?  	
†	 Yes   	†	 No
D  Will a composite return be filed on Form 140NR?  	
†	 Yes   	†	 No
E  Total number of nonresident individual shareholders:   
F  Total number of resident individual shareholders:   
G  Total number of entity shareholders (See instructions, page 3):   
Nonprofit Medical Marijuana Dispensary (NMMD) only:
H 	
†	 NMMD Registry Identification Number:   
Attach a copy of the dispensary’s federal return.	
For the … calendar year 2012 or  … fi scal year beginning                                 and ending          \
                     .	MMDDYYYY	MMDDYYYY	
82 F
81	82	
66	
REVENUE USE ONLY.  DO NOT MARK IN THIS AREA.
CHECK BOX IF:  Return filed under extension.