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Arizona Free Printable Arizona Form 120S for 2021 Arizona Arizona S Corporation Income Tax Return

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Arizona S Corporation Income Tax Return
Arizona Form 120S

Arizona Form 120S 2019 Arizona S Corporation Income Tax Return For the  calendar year 2019 or  fiscal year beginning M M D D 2 0 1 9 and ending M M D D 2 0 Y Y . CHECK ONE: Business Telephone Number Name (with area code)  Original Address – number and street or PO Box Business Activity Code (from federal Form 1120-S) City, Town or Post Office 68 Check box if: A This is a first return B Name change C Address change A ARIZONA apportionment for multistate S corporations only (check one box): 1 AIR CARRIER 2 STANDARD 3 SALES FACTOR ONLY B Check if Multistate Service Provider Election and Computation (Arizona Schedule MSP) is included. Indicate the year of the election cycle.. Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 C Is this the S 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 Yes No If “Yes”, check one: 1 Dissolved 2 Withdrawn 3 Merged/Reorganized List EIN of the successor corporation, if any...................................... D Does the S corporation conduct business within and without Arizona?........... Yes No E Will a composite return be filed on Form 140NR?........................................... Yes No F Total number of nonresident individual shareholders...................................... G Total number of resident and part-year resident individual shareholders........ H Total number of entity shareholders: See instructions....................................... Nonprofit Medical Marijuana Dispensary (NMMD) only: See instructions. I  NMMD Registry Identification Number:  Amended Employer Identification Number (EIN) State ZIP Code Check box if return filed under extension: 82 82F REVENUE USE ONLY. DO NOT MARK IN THIS AREA. 88 81 PM 1 TOTAL DISTRIBUTIVE INCOME (LOSS) from federal Form 1120-S, Schedule K......................................................... 66 RCVD 1 00 Complete lines 2-12 only if the S corporation has excess net passive income or capital gains/built-in gains. An S corporation that is not required to complete lines 2-12 must complete lines 13-25 if the S corporation has 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. Enter the difference.......................................... 100% AZ S corporations check box 4a . Go to line 11. Multistate S corporations, continue to line 5.................... 5 Nonapportionable or allocable income: Include schedule. Multistate S corporations only.................................................. 6 Apportionable income: Subtract line 5 from line 4. Enter the difference. Multistate S corporations only........................ 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............................................ 9 Other income allocated to Arizona: Include schedule. Multistate S corporations only........................................................ 10 Total income attributable to Arizona: Add lines 8 and 9. Enter the total.......................................................................... 11 Net income subject to Arizona corporate income tax: 100% Arizona S corporations: Enter amount from line 4. Multistate S corporations: Enter the amount from line 10........ 12 Enter tax: See instructions before completing this line. ......................................................................................................................... 13 Tax from recapture of tax credits from Arizona Form 300, Part 2, line 26........................................................................ 14 Subtotal: Add lines 12 and 13. Enter the total....................................................................................................................... 15 Nonrefundable tax credits from Arizona Form 300, Part 2, line 47.................................................................................. 3 3 16 Enter form number for each nonrefundable credit claimed: 161 3 162 3 163 164 17 Tax liability: Subtract line 15 from line 14. Enter the difference................................................................................................ 18 Refundable tax credits: Check box(es) and enter amount 181 308 182 349........... 18 00 19 Extension payment made with Form 120EXT or online: See instructions............................ 19 00 20 Estimated tax payments: See instructions............................................................................ 20 00 21 Total payments: Add lines 18 through 20. Enter the total. For amended returns, see instructions................................................ 22 Balance of tax due: If line 17 is larger than line 21, subtract line 21 from line 17. Enter the difference. Skip line 23...................... 23 Overpayment of tax: If line 21 is larger than line 17, subtract line 17 from line 21. Enter the difference........................................ 24 Penalty and interest......................................................................................................................................................... 25 Estimated tax underpayment penalty. If Form 220 is included, check box.................................................... 25A 26 Information return penalty: See instructions...................................................................................................................... 27 TOTAL DUE: See instructions........................................................................................................................................... 28 OVERPAYMENT: See instructions.................................................................................................................................... 29 Amount of line 28 to be applied to 2020 estimated tax....................................................... 29 00 30 Amount to be refunded: Subtract line 29 from line 28. Enter the difference............................................................................. ADOR 10337 (19) 00 5 00 6 00 4 8 00 9 00 10 00 11 00 12 00 13 00 14 00 15 00 17 00 21 00 22 00 23 00 24 00 25 00 26 00 27 00 28 00 30 00 Name (as shown on page 1) EIN SCHEDULE A Apportionment Formula (Multistate S Corporations Only) IMPORTANT: Qualifying air carriers must use Arizona Schedule ACA. COLUMN A Qualifying multistate service providers must include Arizona Schedule Total Within Arizona MSP. If the “SALES FACTOR ONLY” box on page 1, line A, is checked, Round to nearest dollar complete only Section A3, Sales Factor, lines a through f. See instructions. A1 Property Factor - STANDARD APPORTIONMENT ONLY Value of real and tangible personal property (by averaging the value of owned property at the beginning and end of the tax period; rented property at capitalized value). COLUMN B Total Everywhere Round to nearest dollar. Be certain to enter amounts in Column C carried to six decimal places. You must type the decimal. a Owned Property (at original cost): 1 Inventories....................................................................................... 2 Depreciable assets (do not include construction in progress) ................ 3 Land................................................................................................ 4 Other assets (describe): . 5 Less: Nonbusiness property (if included in above totals).................... 6 Total of section a (the sum of lines 1 through 4 less line 5)..................... b Rented property (capitalize at 8 times net rent paid)................................. c Total owned and rented property (Total of section a plus section b)........ • A2 Payroll Factor - STANDARD APPORTIONMENT ONLY Total wages, salaries, commissions and other compensation to employees (per federal Form 1120S, or payroll reports)................................ A3 Sales Factor a Sales delivered or shipped to Arizona purchasers............................. b Sales of services for qualifying multistate service providers only (include Schedule MSP)................................................................. COLUMN C Ratio Within Arizona A÷B c Other gross receipts........................................................................... d Total sales and other gross receipts................................................... e Weight AZ sales: (STANDARD x 2; SALES FACTOR ONLY x 1)....... f Sales Factor (for Column A, multiply line d by line e; for Column B, enter the amount from line d; for Column C, divide Column A by Column B.) STANDARD Apportionment, continue to A4. SALES FACTOR ONLY Apportionment, enter the amount from Column C on page 1, line 7. .................................................................. • ×2 OR ×1 • A4 STANDARD Apportionment Total Ratio: Add Column C of lines A1c, A2, and A3f. Enter the total. .................................. • A5 Average Apportionment Ratio for STANDARD Apportionment: Divide line A4, Column C, by four (4). Enter the result on page 1, line 7. (If one of the factors is “0” in both Column A and Column B, see instructions.).......................................... • SCHEDULE B Other Information B1 Date business began in Arizona or date income was first derived from Arizona sources: M M D D Y Y Y Y B2 Address at which tax records are located for audit purposes: Number/Street: City: State: ZIP Code: B3 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, page 12.) Name: Phone Number: (Area Code) Title: B4 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, page 2.) B5 Indicate tax accounting method: ADOR 10337 (19)  Cash  Accrual  Other (Specify method.) AZ Form 120S (2019) Page 2 of 3 Name (as shown on page 1) SCHEDULE C EIN Shareholder Information Complete Schedule C for all shareholders of the S corporation. If the S corporation has more than 8 shareholders, include additional schedules as necessary. (a) Shareholder Name 1 (b) Street Address (c) City, State ZIP (d) (e) Shareholder Shareholder’s Tax Information Ownership Number Percentage (f) (g) Distributive Resident (R) Share of Income Nonresident (N) (Loss) Other Entity (O) 001.000000 15 015.000000 27 o 2 3 4 5 6 7 8 Include additional sheets as necessary The following declaration must be signed by one or more of the following officers: president, treasurer, or any other principal officer. Declaration Under penalties of perjury, I(we), the undersigned officer(s) authorized to sign this return, declare that I(we) have examined this return, including the accompanying schedules and statements, and to the best of my(our) 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. Please Sign OFFICER’S SIGNATURE DATE TITLE OFFICER’S SIGNATURE DATE TITLE Here PAID PREPARER’S SIGNATURE Paid Preparer’s DATE PAID PREPARER’S PTIN FIRM’S NAME (OR PAID PREPARER’S NAME, IF SELF-EMPLOYED) FIRM’S EIN FIRM’S STREET ADDRESS FIRM’S TELEPHONE NUMBER Use Only CITY STATE ZIP CODE Mail to: Arizona Department of Revenue, PO Box 29079, Phoenix, AZ 85038-9079 Print ADOR 10337 (19) AZ Form 120S (2019) Page 3 of 3
Extracted from PDF file 2019-arizona-form-120s.pdf, last modified December 2009

More about the Arizona Form 120S Corporate Income Tax Tax Return

We last updated the Arizona S Corporation Income Tax Return in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Arizona Department of Revenue. You can print other Arizona tax forms here.

Related Arizona Corporate Income Tax Forms:

TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Arizona Form 120S.

Form Code Form Name
Form 120S-K1 120S Schedule K-1 - Resident Shareholder's Information Schedule
Form 120S-K1-NR Nonresident Shareholder's Share of Income and Deductions

Download all AZ tax forms 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 120S from the Department of Revenue in March 2020.

Show Sources >

Form 120S 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 120S

We have a total of eight past-year versions of Form 120S in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 120S

Arizona Form 120S

2017 Form 120S

Arizona Form 120S

2016 Form 120S

Arizona Form 120S

Arizona S Corporation Income Tax Return 2015 Form 120S

Arizona Form 120S

Arizona S Corporation Income Tax Return 2014 Form 120S

Arizona Form 120S

Arizona S Corporation Income Tax Return 2013 Form 120S

Arizona Form 120S

Arizona S Corporation Income Tax Return 2012 Form 120S

Arizona Form 120S

Arizona S Corporation Income Tax Return 2011 Form 120S

Arizona Form 120S


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