INSTRUCTIONS: ARIZONA S CORPORATION INCOME TAX RETURN 2011 (Form 120S)

S Corporations operating in Arizona use a form 120S to report and file their income tax owed to the state. This form can be found on the website of the Arizona Department of Revenue.

Arizona S Corporation Income Tax Return 2011 120S Step 1: At the top of the page, indicate with a check mark whether you are filing this return for a calendar year. If filing on a fiscal year basis, give the starting and ending dates of this period.

Arizona S Corporation Income Tax Return 2011 120S Step 2: Give the name, address, employer identification number, privilege tax number, telephone number, and activity code number (as reported on federal form 1120-S) of your business. Indicate with a check mark whether you are filing an original or amended return.

Arizona S Corporation Income Tax Return 2011 120S Step 3: Check the boxes where indicated if you are filing a first return, or filing a return to document a name or address change.

Arizona S Corporation Income Tax Return 2011 120S Step 4: Answer all questions about your activities and shareholders on lines A through G.

Arizona S Corporation Income Tax Return 2011 120S Step 5: Enter your total distributive income (as recorded on the Schedule K supplement of your federal 1120-S form) on line one.

Arizona S Corporation Income Tax Return 2011 120S Step 6: Lines two through 11 provide instructions for the calculations to be performed to determine your company's net income subject to Arizona corporate income tax.

Arizona S Corporation Income Tax Return 2011 120S Step 7: Lines 12 through 31 provide instructions for calculations to determine your initial tax due and make all adjustments necessary to determine the final total due.

Arizona S Corporation Income Tax Return 2011 120S Step 8: If you have previously overpaid, complete lines 32 through 34.

Arizona S Corporation Income Tax Return 2011 120S Step 9: Schedule A on the second page is only to be completed by multistate S corporations.

Arizona S Corporation Income Tax Return 2011 120S Step 10: Schedule B requires answers to miscellaneous questions about your business operations.

Arizona S Corporation Income Tax Return 2011 120S Step 11: Schedule C states that you must provide a list giving all information stipulated about all shareholders. One or more principal officers must sign and date the form.