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Arizona Arizona Corporation Income Tax Return
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Extracted from PDF file 2023-arizona-form-120a.pdf, last modified December 2009Arizona Corporation Income Tax Return
Arizona Form 120A Arizona Corporation Income Tax Return (Short Form) 2023 For the calendar year 2023 or fiscal year beginning M M D D 2 0 2 3 and ending M M D D 2 0 Y Y . Check this box if this return is based on a 52/53 week taxable year. Business Telephone Number Name (with area code) Employer Identification Number (EIN) Address – number and street or PO Box Business Activity Code (from federal Form 1120) City, Town or Post Office IMPORTANT: Do not use Form 120A to file an Arizona combined or consolidated return. Use Form 120. State ZIP Code Check box if return is filed under extension: 82 82F REVENUE USE ONLY. DO NOT MARK IN THIS AREA. 68 Check box if: A This is a first return B Name change C Address change A Is FEDERAL return filed on a consolidated basis?............................. Yes No If “Yes”, list EIN of common parent from consolidated return............. B Is this the corporation’s final ARIZONA return under this EIN?.......... Yes No If “Yes”, check one: 1 Dissolved 2 Withdrawn 3 Merged/Reorganized List EIN of the successor corporation, if any C Marijuana Establishments only: 1 Adult Use only 2 Dual Lic. elected for-profit 3 Dual Lic. did not elect for-profit 88 81 PM 66 RCVD Arizona Taxable Income Computation 1 2 3 4 5 6 7 Taxable income per included federal return.................................................................................................................. Additions to taxable income from page 2, Schedule A, line A9..................................................................................... Total taxable income: Add lines 1 and 2. Enter the total.............................................................................................. Subtractions from taxable income from page 2, Schedule B, line B11......................................................................... Adjusted income: Subtract line 4 from line 3. Enter the difference.............................................................................. Arizona basis net operating loss carryover: Include computation schedule...................................................................... Arizona taxable income: Subtract line 6 from line 5. Enter the difference................................................................... 1 00 2 00 3 00 4 00 5 00 6 00 7 00 Arizona Tax Liability Computation Enter tax: Tax is 4.9 percent of line 7 or fifty dollars ($50), whichever is greater................................................. Tax from recapture of tax credits from Arizona Form 300, Part 2, line 23..................................................................... Subtotal: Add lines 8 and 9. Enter the total.................................................................................................................. Nonrefundable tax credits from Arizona Form 300, Part 2, line 42............................................................................... Credit type: Enter form number for each nonrefundable credit used: 121 3 122 3 123 3 124 3 13 Tax liability: Subtract line 11 from line 10. Enter the difference................................................................................... 8 9 10 11 12 8 9 10 11 00 00 00 00 13 00 Tax Payments 14 15 16 17 Refundable tax credits: Check box(es) and enter amount: 141 308 142 334 143 349............................... Extension payment made with Form 120/165EXT or online: See instructions............................................................... Estimated tax payments: 16a 00 Claim of Right: 16b 00 Add 16a and 16b.... Total payments: Add lines 14, 15, and 16c. Enter the total......................................................................................... 14 00 15 00 16c 00 17 00 Computation of Total Due or Overpayment 18 19 20 21 22 23 24 25 Balance of tax due: If line 13 is larger than line 17, subtract line 17 from line 13. Enter the difference. Skip line 19... Overpayment of tax: If line 17 is larger than line 13, subtract line 13 from line 17. Enter the difference...................... Penalty and interest...................................................................................................................................................... Estimated tax underpayment penalty: If Form 220/PTE is included, check box...............................................21A TOTAL DUE: See instructions........................................................................................................................................ OVERPAYMENT: See instructions................................................................................................................................. Amount of line 23 to be applied to 2024 estimated tax................................................... 24 00 Amount to be refunded: Subtract line 24 from line 23. Enter the difference................................................................ 18 00 19 00 20 00 21 00 22 00 23 00 25 00 Continued on page 2 ADOR 10949 (23) Name (as shown on page 1) SCHEDULE A A1 A2 A3 A4 A5 A6 A7 A8 A9 Additions to Taxable Income Total federal depreciation.............................................................................................................................................. Taxes based on income paid to any state (INCLUDING ARIZONA), local governments or foreign governments....... Interest on obligations of other states, foreign countries, or political subdivisions....................................................... Special deductions claimed on federal return............................................................................................................... Federal net operating loss deduction claimed on federal return................................................................................... Additions related to Arizona tax credits: See instructions............................................................................................... Capital loss from exchange of legal tender................................................................................................................... Other additions to federal taxable income: See instructions........................................................................................... Total: Add lines A1 through A8. Enter the total here and on page 1, line 2................................................................. SCHEDULE B B1 B2 B3 B4 B5 B6 B7 B8 B9 B10 B11 EIN A1 00 A2 00 A3 00 A4 00 A5 00 A6 00 A7 00 A8 00 A9 00 Subtractions From Taxable Income Recalculated Arizona depreciation: See instructions...................................................................................................... B1 00 Basis adjustment for property sold or otherwise disposed of during the taxable year: See instructions........................ B2 00 Dividends received from 50% or more controlled domestic corporations..................................................................... B3 00 Foreign dividend gross-up............................................................................................................................................ B4 00 Dividends received from foreign corporations.............................................................................................................. B5 00 Interest on U.S. obligations........................................................................................................................................... B6 00 Agricultural crops charitable contribution...................................................................................................................... B7 00 Expenses related to certain federal tax credits: See instructions................................................................................... B8 00 Capital gain from exchange of legal tender.................................................................................................................. B9 00 Other subtractions from federal taxable income: See instructions.................................................................................. B10 00 Total: Add lines B1 through B10. Enter the total here and on page 1, line 4.............................................................. B11 00 SCHEDULE C Additional Information C1 Date business began in Arizona: M M D D Y Y Y Y C2 Address at which tax records are located for audit purposes: Number/Street: City: State: ZIP Code: C3 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.) Name: Office Phone: (Area Code) Title: Email: Cell Phone: (Area Code) C4 List prior taxable years ending in MM/DD/YYYY format 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.) C5 Indicate tax accounting method: Cash Accrual Other (Specify method.) Continued on page 3 ADOR 10949 (23) AZ Form 120A (2023) Page 2 of 4 Name (as shown on page 1) EIN The following declaration must be signed by one of the following officers: president, treasurer, or any other principal officer. Declaration Please Under penalties of perjury, I, the undersigned officer authorized to sign this return, declare that I have examined this return, including the accompanying schedules and statements, and to the best of my knowledge and belief, it is a true, correct and complete return, made in good faith, for the taxable year stated pursuant to the income tax laws of the State of Arizona. OFFICER’S SIGNATURE DATE TITLE Sign OFFICER’S PRINTED NAME Here PAID PREPARER’S SIGNATURE Paid Preparer’s Use Only DATE PAID PREPARER’S TIN PAID PREPARER’S PRINTED NAME FIRM’S NAME (OR PAID PREPARER’S NAME, IF SELF-EMPLOYED) FIRM’S EIN FIRM’S STREET ADDRESS FIRM’S TELEPHONE NUMBER CITY STATE ZIP CODE This form must be e-filed unless the corporation has a waiver or is exempt from e-filing. See instructions for details. ADOR 10949 (23) AZ Form 120A (2023) Page 3 of 4 Name (as shown on page 1) SCHEDULE A EIN Additions to Taxable Income Continued A6 Additions related to Arizona tax credits: A Pollution Control Credit: 1 Excess Federal Depreciation or Amortization.......................................................... 2 Excess in Federal Adjusted Basis........................................................................... B Credit for Taxes Paid for Coal Consumed in Generating Electrical Power..................... C Credit for Employment of TANF Recipients.................................................................... D Credit for Donation of School Site.................................................................................. E Credit for Motion Picture Production Costs.................................................................... F Credit for Corporate Contributions to School Tuition Organizations............................... G Credit for Corporate Contributions to School Tuition Organizations for Displaced Students or Students with Disabilities............................................................................ H Total Additions Related to Arizona Tax Credits. Enter this amount on page 2, Schedule A, line A6......................................................... A8 Other additions to federal taxable income: A Positive Partnership Income Adjustment........................................................................ B Federal Exploration Expenses....................................................................................... C Federal Amortization or Depreciation for Facilities and Equipment Amortized Under Arizona Law: 1 Pollution Control Devices ....................................................................................... 2 Child Care Facilities ................................................................................................ D Expenses and Interest Relating to Income Not Taxed by Arizona.................................. E Amounts Repaid in Current Taxable Year...................................................................... F Excess Federal Capital Loss Carryover Under a Claim of Right Restoration................ G Domestic International Sales Corporations.................................................................... H Expenditures for the Americans With Disabilities Act..................................................... I Total Other Additions to Federal Taxable Income. Enter this amount on page 2, Schedule A, line A8......................................................... SCHEDULE B A1 A2 B C D E F 00 00 00 00 00 00 00 G 00 H 00 A B 00 00 C1 C2 D E F G H 00 00 00 00 00 00 00 I 00 A B C D 00 00 00 00 E 00 A B C D E 00 00 00 00 00 F1 F2 G H I J K L 00 00 00 00 00 00 00 00 M1 M2 00 00 N 00 Subtractions from Taxable Income Continued B8 Expenses related to certain federal tax credits: A Work Opportunity Credit................................................................................................. B Empowerment Zone Employment Credit....................................................................... C Credit for Employer-Paid Social Security Taxes on Employee Cash Tips...................... D Indian Employment Credit ............................................................................................. E Total Expenses Related to Certain Federal Tax Credits. Enter this amount on page 2, Schedule B, line B8......................................................... B10 Other subtractions from federal taxable income: A Refunds of Taxes Based on Income............................................................................... B Negative Partnership Income Adjustment...................................................................... C Expense Recapture, Mine Explorations......................................................................... D Deferred Exploration Expenses...................................................................................... E Exploration Expenses: Oil, Gas or Geothermal Resources........................................... F Arizona Amortization of Facilities and Equipment: 1 Pollution Control Devices........................................................................................ 2 Cost of Child Care Facilities.................................................................................... G Interest on Federally Taxable Arizona Obligations Evidenced by Bonds....................... H Expenses and Interest Relating to Tax-Exempt Income................................................. I Claim of Right Adjustment.............................................................................................. J Dividends from Domestic International Sales Corporation (DISC)................................. K Expenditures for the Americans with Disabilities Act...................................................... L Contribution in Aid of Construction (see instructions)..................................................... M Marijuana Establishments only (see instructions) 1 Federal Disallowed Expenses, or............................................................................ 2 Federal Taxable Income Attributable to NMMD Operations..................................... N Total Other Subtractions from Federal Taxable Income. Enter this amount on page 2, Schedule B, line B10....................................................... Print ADOR 10949 (23) AZ Form 120A (2023) Page 4 of 4
Arizona Form 120A
More about the Arizona Form 120A Corporate Income Tax Tax Return TY 2023
We last updated the Arizona Corporation Income Tax Return in January 2024, so this is the latest version of Form 120A, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 120A directly from TaxFormFinder. You can print other Arizona tax forms here.
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TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Schedule ACA | Schedule ACA - Air Carrier Apportionment |
| Form 120S | Arizona S Corporation Income Tax Return |
| Form 141AZ | Arizona Fiduciary Income Tax Return |
| Form 165 | Arizona Partnership Income Tax Return |
| Form 343 | Renewable Energy Production Tax Credit |
View all 96 Arizona Income Tax Forms
Form Sources:
Arizona usually releases forms for the current tax year between January and April. We last updated Arizona Form 120A from the Department of Revenue in January 2024.
Form 120A is an Arizona Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Arizona Form 120A
We have a total of twelve past-year versions of Form 120A in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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