INSTRUCTIONS: ARIZONA CORPORATION INCOME TAX RETURN (Form 120)

Corporations doing business in Arizona can file their state income tax using a form 120. This document can be obtained from the website of the Arizona Department of Revenue.

Arizona Corporation Income Tax Return 120 Step 1: Indicate with a check mark if you are filing on a calendar or fiscal year basis. If the latter, give its beginning and ending dates.

Arizona Corporation Income Tax Return 120 Step 2: Give your business telephone number and activity code number.

Arizona Corporation Income Tax Return 120 Step 3: Enter your business name, address, employer identification number and Arizona transaction privilege tax number.

Arizona Corporation Income Tax Return 120 Step 4: Indicate with a check mark if this is a first return, or one documenting a change of name or address.

Arizona Corporation Income Tax Return 120 Step 5: Answer all questions about your corporation and this return on lines A through E.

Arizona Corporation Income Tax Return 120 Step 6: Enter your total taxable income on line 1.

Arizona Corporation Income Tax Return 120 Step 7: Complete Schedule A on the second page. Transfer the value from line A11 there to line 2 on the first page.

Arizona Corporation Income Tax Return 120 Step 8: Add lines 1 and 2 and enter the resulting sum on line 3.

Arizona Corporation Income Tax Return 120 Step 9: Complete Schedule B on the second page. Transfer the value from line B12 there to line 4 on the first page.

Arizona Corporation Income Tax Return 120 Step 10: Subtract line 4 from line 3. Enter the resulting difference on line 5. Corporations operating only in Arizona should then skip to line 13.

Arizona Corporation Income Tax Return 120 Step 11: Multistate corporations should complete Schedules C, D and E before completing lines 6 through 12.

Arizona Corporation Income Tax Return 120 Step 12: Complete lines 13 through 37 to adjust your tax liability and computer your tax or refund owed.

Arizona Corporation Income Tax Return 120 Step 13: All corporations should complete schedule F and G to provide additional information about their business.

Arizona Corporation Income Tax Return 120 Step 14: An officer of the firm should sign and date the fourth page, in addition to entering their title.