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Arizona Free Printable Arizona Form 345, 345-1, 345-2 for 2020 Arizona Credit for New Employment

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Credit for New Employment
Arizona Form 345, 345-1, 345-2

Arizona Form Credit for New Employment 345 2019 Include with your return. For the calendar year 2019 or fiscal year beginning M M D D 2 0 1 9 and ending M M D D Y Y Y Y . Name as shown on Form 140, 140PY, 140NR, 140X, 99T, 120, 120A, 120S, 120X, or 165 Part 1 Business Information 1 Business Name 2 Business Location Address — Street City 3 Social Security or Employer Identification Number State ZIP Code Employer Identification Number 4a What type of entity is the business?  C Corporation  Exempt Organization  Limited Liability Company (LLC)  Partnership  S corporation  Sole Proprietorship 4b If the business is an LLC, what is the federal tax classification? Check only one box:  C Corporation  Disregarded Entity  Partnership  S corporation If the business is an LLC, a partnership or an S corporation, include a schedule that lists ownership information including: name, address, TIN, and ownership percentage at the end of the tax year. Part 2 5 6 7 Part 3 8 Qualification for Credit Did you receive certification from the Arizona Commerce Authority?........................................... If “Yes”, include a copy of the Certification. Are you claiming a pass through of this credit from a partnership and/or an S corporation?....... If “Yes”, include a copy of Form(s) 345-P and/or Form(s) 345-S. If you answered “Yes” to the question on line 5 or on line 6, go to Part 3. If you answered “No” to the questions on line 5 and on line 6, STOP! YOU ARE NOT ELIGIBLE TO CLAIM THIS CREDIT. Current Taxable Year’s Credit Calculation Credit for employees in first year or partial year of employment in a qualified employment position.................................................................................................................................. Credit for employees in the second year of continuous employment in a qualified employment position............................................................................................................. Credit for employees in the third year of continuous employment in a qualified employment position............................................................................................................. 11 12 13 9 10  Yes  No  Yes  No (a) Number of Employees (b) Available Credit: Multiply column (a) by $3,000. 8 00 9 00 10 00 Enter the credit passed through from partnerships on Form(s) 345-P, line 3c ..................... 11 00 Enter the credit passed through from S corporations on Form(s) 345-S, line 3c.................. Add lines 8 through 12 in column (b). Enter the total. This is your total current year’s credit for New Employment................................................................................................... 12 00 13 00 Continued on page 2  ADOR 11149 (19) Name (as shown on page 1) Part 4 TIN Partnerships A partnership claiming this credit must pass the credit through to its partners. • Complete Form 345-P for each partner. • Provide a completed copy of Form 345-P to each partner. • Include a copy of each completed Form 345-P with your tax return. • Keep a copy of each completed Form 345-P for your records. • Do not complete Parts 5 through 7 of this form. Part 5 14 S Corporation Credit Election and Shareholder’s Share of Credit The S corporation has made an irrevocable election for the taxable year ending (check only one box): MM D D Y Y Y Y to 14a  Claim the credit for new employment as shown on Part 3, line 13 (for the taxable year indicated above); OR 14b  Pass the credit for new employment as shown on Part 3, line 13 (for the taxable year indicated above) through to its shareholders. Signature Title Date If passing the credit through to the shareholders, complete Form 345-S for each shareholder. • Provide a copy of completed Form 345-S to each shareholder. • Include a copy of each completed Form 345-S with your tax return. • Keep a copy of each completed Form 345-S for your records. Part 6 Available Credit Carryover (a) 15 Taxable year................ 16 Original credit amount. 17 Amount previously used........... Tentative carryover: Subtract line 17 from line 16.................. 18 (b) (c) (d) (e) 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 19 Amount disallowed: See instructions........... 00 00 00 00 00 20 Available carryover: Subtract line 19 from line 18.................. 00 00 00 00 00 21 00 21 Total Available Carryover................................................................................................................................................. Continued on page 3  ADOR 11149 (19) AZ Form 345 (2019) Page 2 of 3 Name (as shown on page 1) Part 7 TIN Total Available Credit 22 Current year’s credit for new employment: • Individuals, C Corporations, S corporations claiming this credit at the corporate level, or exempt organizations with UBTI: Enter the amount from Part 3, line 13, column (b). • Individuals: Also, enter this amount on Form 301, Part 1, line 23, column (a). • C Corporations, S corporations claiming this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 16, column (a)................................................................................ 22 23 Available credit carryover from Part 6, line 21, column (e): • Individuals: Also, enter this amount on Form 301, Part 1, line 23, column (b). • C Corporations, S corporations claiming this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 16, column (b)................................................................................ 23 24 Total available credit: Add lines 22 and 23 and enter the total. • Individuals: Also, enter total here and on Form 301, Part 1, line 23, column (c). • C Corporations, S corporations claiming this credit at the corporate level, and exempt organizations with UBTI: Also, enter total here and on Form 300, Part 1, line 16, column (c)............................................................................. 24 ADOR 11149 (19) AZ Form 345 (2019) Print 345 00 00 00 Page 3 of 3 Name (as shown on Form 345) TIN Page Form 345-1 Employees at Business Location of 2019 Complete a Form 345-1 for each employee, whether or not the employee is in a qualified employment position. See instructions 1 Employee name: 2 Employee’s Social Security Number (SSN)............................................................................................................... 3a What credit year are you claiming for this employee?  First  Second  Third  Not qualified for credit, or fourth year or more 3b Is this employee a replacement of another employee who left a qualified employment position in the second or third year? See instructions.........................................................................................................................................  Yes  No 3c If the answer to line 3b is “Yes”, did the total time the position was vacant from the date the employment position was originally filled to the end of the current tax year total 90 days or less? See instructions........................................  Yes  No 3d If the answer to line 3c is “Yes”, enter the name of the replaced employee, his or her Social Security Number, and termination date: Employee Name Social Security Number Termination Date MM D D Y Y Y Y 4a Current date of employment...................................................................................................................................... MM D D Y Y Y Y 4b Termination date, if the employee was terminated before the end of the taxable year............................................. MM D D Y Y Y Y 4c If the employee was terminated, is he or she replaced by a new hire in the same qualified employment position?. If the answer is “Yes”, enter the name of the new hire, his or her Social Security Number, and hire date: Employee Name Social Security Number  Yes  No Hire Date MM D D Y Y Y Y 5a If employee was previously employed by the business, list the previous date of employment. See instructions........ MM D D Y Y Y Y 5b If employee was previously employed by the business, list the date of separation.................................................. MM D D Y Y Y Y 5c Did the employee relocate to this state from out of state?........................................................................................  Yes 5d If the employee relocated from out of state, enter date of relocation........................................................................ MM D D Y Y Y Y 6a Is the employee in a permanent position that consists of at least 1750 hours per year?..........................................  Yes  No  Yes  No  No 6b If the answer to line 6a is “Yes”, list the number of hours the employee actually worked during the taxable year........ 7 Are the employee’s job duties performed primarily at the location(s) of the business?............................................. 8a Employee’s annual compensation for the taxable year............................................................................................. $ . 00 8b Employee’s HOURLY wage in dollars and cents....................................................................................................... $ . 9a Total cost of health insurance provided by employer for employee. See instructions................................................. $ . 00 9b Total cost of health insurance for employee paid by employer. See instructions........................................................ $ . 00 10 Is this employee in a new qualified employment position?........................................................................................  Yes  No 11a Has this employee been substituted for another employee in a qualified employment position?.............................  Yes  No 11b If answer on line 11a is “Yes”, list the date of substitution M M D D Y Y Y Y and indicate whether the individual is a second year employee or a third year employee. See instructions for the qualification before answering this question. Check only one box:  Second year employee  Third year employee ADOR 11149 (19) Print 345-1 Name (as shown on Form 345) TIN Page Form 345-2 Employees in Qualified Employment Positions (a) Employee’s Name (b) Social Security Number (c) Type of Employee Check the appropriate box. This employee is a: (c1) (c2) (c3) 1st Year 2nd Year 3rd Year Employee Employee Employee 2019 (d) Limitation on Total Number of Credits See instructions before checking this box. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 TOTAL: Add lines 1 through 23 including only lines with check marks. Enter the total for each column............................................................................................................... 24 If you are claiming more than 23 employees in qualified employment positions, complete additional schedules. ADOR 11149 (19) Print 345-2 Clear 345-2 of
Extracted from PDF file 2019-arizona-form-345.pdf, last modified October 2009

More about the Arizona Form 345 Corporate Income Tax Tax Credit TY 2019

We last updated the Credit for New Employment in March 2020, so this is the latest version of Form 345, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 345 directly from TaxFormFinder. You can print other Arizona tax forms here.

Other Arizona Corporate Income Tax Forms:

TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 321 Credit for Contributions to Qualifying Charitable Organizations
Form 322 Credit for Contributions Made or Fees Paid to Public Schools
Form 323 Credit for Contributions to School Tuition Organizations
Form 120S-K1 120S Schedule K-1 - Resident Shareholder's Information Schedule
165 Schedule K-1(NR) Schedule K-1(NR) Arizona Nonresident and Out-of-State Partner'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 345 from the Department of Revenue in March 2020.

Show Sources >

Form 345 is an Arizona Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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 345

We have a total of six past-year versions of Form 345 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 345

Arizona Form 345, 345-1, 345-2

2017 Form 345

Arizona Form 345, 345-1, 345-2

2016 Form 345

Arizona Form 345, 345-1, 345-2

Credit for New Employment 2015 Form 345

Arizona Form 345, 345-1, 345-2

Credit for New Employment 2014 Form 345

Arizona Form 345, 345-1, 345-2

Credit for New Employment 2012 Form 345

Arizona Form 345, 345-1, 345-2


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