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

S corporations doing business in Arizona can file their state income tax due using a form 120S. This form is found on the website of the Arizona Department of Revenue.

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

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

Arizona S Corporation Income Tax Return 120S Step 3: Enter your business name, address, employer identification number and Arizona transaction privilege tax number. Indicate whether this is an original or amended return with a check mark.

Arizona S Corporation Income Tax Return 120S Step 4: Provide all information requested on lines A through G.

Arizona S Corporation Income Tax Return 120S Step 5: Enter your total distributive income or loss on line 1.

Arizona S Corporation Income Tax Return 120S Step 6: All corporations should complete lines 2 through 4. S corporations operating solely in Arizona should then skip to line 11.

Arizona S Corporation Income Tax Return 120S Step 5: Multistate S corporations must complete lines 5 through 10. Note that in order to complete line 7, you must first complete Schedule A on the second page to determine your apportionment formula.

Arizona S Corporation Income Tax Return 120S Step 6: Complete lines 11 through 14 calculate the subtotal of your tax owed.

Arizona S Corporation Income Tax Return 120S Step 7: Lines 15 through 31 adjust your tax liability through application of credits and payments already made.

Arizona S Corporation Income Tax Return 120S Step 8: If you have overpaid, complete lines 32 through 34. You may elect to either receive a refund or have the overpayment applied as a credit to the next tax year.

Arizona S Corporation Income Tax Return 120S Step 9: All businesses must complete Schedule B on the second page, which requests miscellaneous information about your operations in Arizona.

Arizona S Corporation Income Tax Return 120S Step 10: At least one officer of the S corporation should sign and date the form, as well as entering their title.

Arizona S Corporation Income Tax Return 120S Step 11: Any paid preparer should also sign and provide all requested identifying information.