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Arizona Small Business Income Tax Return (140-SBI)
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, or request a six-month extension here .Extracted from PDF file 2023-arizona-form-140-sbi.pdf, last modified September 2021Small Business Income Tax Return (140-SBI)
DO NOT STAPLE ANY ITEMS TO THE RETURN. Arizona Form 140-SBI 82F Your First Name and Middle Initial OR FISCAL YEAR BEGINNING M M D Last Name D 2 0 2 3 1 Apt. No. City, Town or Post Office State ZIP Code If you are claiming Injured Spouse 6 Portion of Federal Schedule D. See instructions for amount............. 6 7a Federal Schedule E. Enter the amount from each part.................7a Spouse’s Social Security No. 95. Filing Status. Must be the same as Form 140, 140NR or 140PY 95a Married filing joint return 95c Head of Household 95b Married filing separate return 95d Single Protection (Form 203) check 3a 4 Federal Schedule B....................................................................... 4 5a Federal Schedule C....................................................................... 5a 5b Enter your NAICS code shown on Schedule C: . 66F Your Social Security Number Daytime Phone (with area code) 94 2 3 MM D D 2 0 Y Y Enter your SSN(s). Spouse’s First Name and Middle Initial (if box 95a or 95b checked) Last Name Current Home Address - number and street, rural route 2023 AND ENDING 1 Small Business Income Check box 82F if filing under extension FOR CALENDAR YEAR Small Business Income Tax Return for Arizona Full-Year Residents 00 00 REVENUE USE ONLY. DO NOT MARK IN THIS AREA. 88 00 00 7b Rental, Real Estate, Royalties ____________.00 7e REMICS ________________.00 7c Partnerships/S Corporations _____________.00 7f Farm Rental______________.00 7d Estates/Trusts ______________.00 8 Federal Schedule F........................................................................ 8 9 Federal Form 4797. Amount not included on line 6. See instructions... 9 00 00 81 PM Additions Related to Small Business Income Subtractions Related to Small Business Income. cont. on page 2 Place any required federal and AZ schedules or other documents after Form 140-SBI. 10 Total Small Business income: Add lines 4, 5a, 6, 7a, 8 and 9. Enter the total...................................................... 10 11 Fiduciary Adjustment (positive) from Arizona Form 141AZ Schedule K-1.................................................................. 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 12 13 14 15 16 17 18 Addition to S Corporation income for expenses due to claiming a pass-through credit on Arizona Form 312...................... 19 Depreciation or amortization related to tax credits claimed on Arizona Form 315 and 325. See instructions.......... 20 Basis adjustment for property claimed as a credit on AZ Form 338 that is sold or disposed of during the tax year.............. 21 Basis adjustment for property claimed as a credit on AZ Forms 315 and 325 that is sold or disposed of during the tax year 22 Adjustment for Net Operating Loss due to Claim of Right......................................................................................... 23 Americans with Disabilities Act - Access Expenditures.............................................................................................. 24 Entity-Level Income Tax payment. See instructions................................................................................................. 25 Sole Proprietorship loss of an AZ Nonprofit Medical Marijuana Dispensary included in Schedule C. See instructions......................................................................................................................................................... 26 Motion Picture Production Costs (Form 334). See instructions................................................................................ 27 Subtotal: Add lines 10 through 27. Enter the total.................................................................................................. 28 Total net capital gain or (loss). See instructions...................................................................... 29 00 Total net short-term capital gain or (loss). See instructions..................................................... 30 00 Total net long-term capital gain or (loss). See instructions....................................................... 31 00 Net long-term capital gain from assets acquired after December 31, 2011. See instructions.. 32 00 Multiply line 32 by 25% (.25) and enter the result. See instructions............................................................................... 33 Fiduciary Adjustment (negative) from Arizona Form 141AZ K-1................................................................................. 34 Net capital gain derived from investment in qualified small business.......................................................................... 35 Net capital gain from the exchange of one kind of legal tender for another kind of legal tender................................. 36 Recalculated Arizona depreciation.............................................................................................................................. 37 Partnership Income adjustment. See instructions......................................................................................................... 38 Interest on U.S. obligations such as U.S. savings bonds and treasury bills................................................................. 39 Net operating loss adjustment from tax years 2008 and 2009. See instructions............................................................ 40 Agricultural Crops given to Arizona Charitable Organizations...................................................................................... 41 Non-Arizona municipal interest................................................................................................................................... Partnership Income Adjustment. See instructions......................................................................................................... Total federal depreciation............................................................................................................................................ Net capital loss from the exchange of one kind of legal tender for another kind of legal tender................................. Claim of Right adjustment for amounts repaid in 2023............................................................................................... Claim of Right adjustment for amounts repaid in prior taxable years......................................................................... Agricultural Water Conservation expenses related to the tax credit claimed on Arizona Form 312........................... 42 Installment sale income from another state taxed by the other state in a prior year................................................... 42 43 Basis adjustment for property sold or otherwise disposed of during the tax year....................................................... 43 44 Claim of Right Adjustment for amounts repaid in prior years...................................................................................... 44 45 Sole Proprietorship income of an AZ Nonprofit Medical Marijuana Dispensary included in Schedule C.................... 45 46 Sole Proprietorship - AZ Marijuana Establishment, Testing Facilities and for-profit dual licensees - enter the ordinary and necessary business expenses related to the sales of recreational use products from Schedule DFE. See instructions......................................................................................................................................................... 46 ADOR 11400 (23) AZ Form 140-SBI (2023) 80 RCVD 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Page 1 of 2 Your Name (as shown on page 1) Your Social Security Number 47 S Corporation shareholders of an AZ Marijuana Establishment, Testing Facilities and for-profit dual licensees: Enter 62 63 64 65 66 67 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 69 00 Make check payable to Arizona Department of Revenue; write your SSN and “140-SBI” on payment; and include it with your return.............................................................................................. 70 00 Subtractions continued the amount of your pro-rata share of expenses related to the sales of recreational products from Schedule K-1, line 9.......... 47 48 Amount of wages or salaries paid or incurred during the tax year and used to claim certain federal tax credits............ 48 49 Exploration expenses deferred before January 1, 1990.................................................................................................. 49 50 Americans with Disabilities Act - Expenditures................................................................................................................ 50 51 Virtual Currency and Non-Fungible Tokens. See instructions........................................................................................ 51 52 Gas Fees or Non-Fungible Token Basis. See instructions............................................................................................. 52 53 Arizona Small Business Taxable Income. Subtract lines 33 through 52 from line 28. If less than zero, enter “0”........ 53 Penalty Tax Due or Overpayment Payments and Refundable Credits Balance of Tax 54 Small Business Income Tax: Multiply line 53 by 2.5% (.025) and enter the result......................................................... 54 55 Tax from recapture of credits from Arizona Form 301-SBI, Part 2, line 24..................................................................... 55 56 Subtotal of tax: Add lines 54 and 55. Enter the total.................................................................................................... 56 57 Nonrefundable Credits from Arizona Form 301-SBI, Part 2, line 44............................................................................... 57 58 Balance of Tax: Subtract line 57 from line 56. If line 57 is greater than line 56, enter “0”........................................... 58 59 2023 AZ estimated tax payments 59a 00 Claim of Right.59b 00 Add 59a and 59b 59c 60 2023 AZ extension payment (Form 204-SBI)................................................................................................................. 60 61 Refundable credits: Check the box(es) and enter the total amount..................................611308-I 612334 613349 61 Refund or Amount Owed 62 63 64 65 66 67 68 69 Total payments and refundable credits: Add lines 59c, 60 and 61. Enter the total.......................................................... TAX DUE: If line 58 is larger than line 62, subtract line 62 from line 58. Enter amount of tax due. Skip lines 64, 65 and 66............. OVERPAYMENT: If line 62 is larger than line 58, subtract line 58 from line 62. Enter amount of overpayment............................. Amount of line 64 to be applied to 2024 estimated tax................................................................................................... Balance of overpayment: Subtract line 65 from line 64. Enter the difference......................................................................... Estimated payment penalty from Form 221-SBI. See instructions................................................................................... 681 Annualized/Other 682 Farmer or Fisherman 683 Form 221-SBI included REFUND: Subtract line 67 from line 66. If less than zero, enter amount owed on line 70........................................................... Direct Deposit of Refund: Check box 69A if your deposit will be ultimately placed in a foreign account; see instructions. 69A ROUTING NUMBER ACCOUNT NUMBER C Checking or 98 S Savings 70 AMOUNT OWED: Add lines 63 and 67. Enter the total PLEASE SIGN HERE Under penalties of perjury, I declare that I have read this return and any documents with it, and to the best of my knowledge and belief, they are true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. YOUR SIGNATURE SPOUSE’S SIGNATURE PAID PREPARER’S SIGNATURE DATE DATE DATE OCCUPATION SPOUSE’S OCCUPATION FIRM’S NAME (PREPARER’S IF SELF-EMPLOYED) PAID PREPARER’S STREET ADDRESS PAID PREPARER’S CITY STATE ZIP CODE PAID PREPARER’S TIN PAID PREPARER’S PHONE NUMBER If you are sending a payment with this return, mail to Arizona Department of Revenue, PO Box 52016, Phoenix, AZ 85072-2016. Include the payment with Form 140-SBI. If you are expecting a refund or owe no tax, or owe tax but are not sending a payment, mail to Arizona Department of Revenue, PO Box 52138, Phoenix, AZ 85072-2138. ADOR 11400 (23) AZ Form 140-SBI (2023) Print Form Page 2 of 2
Arizona Form 140
More about the Arizona Form 140-SBI Individual Income Tax Tax Return TY 2023
The SBI tax return must be filed with the regular income tax return to be accepted. If the taxpayer does not file both returns together, the election may be denied and the adjustment to federal adjusted gross income may be disallowed.
We last updated the Small Business Income Tax Return (140-SBI) in February 2024, so this is the latest version of Form 140-SBI, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 140-SBI 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 |
|---|---|
| Form 140 | Resident Personal Income Tax Return |
| Form 140 Instructions | Income Tax Instruction Packet |
| Form 140A | Resident Personal Income Tax (Short) Package |
| Form 204 | Application for Filing Extension |
| Form 321 | Credit for Contributions to Qualifying Charitable Organizations |
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 140-SBI from the Department of Revenue in February 2024.
Form 140-SBI is an Arizona Individual 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 Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Arizona Form 140-SBI
We have a total of three past-year versions of Form 140-SBI in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 140-SBI
Arizona Form 140
2022 Form 140-SBI
Arizona Form 140
2021 Form 140-SBI
Arizona Form 140
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