Arizona Form 120S (ADOR10338) Schedule K-1(NR) Nonresident Shareholder's Share of Income and Deductions - Arizona

What Is Arizona Form 120S (ADOR10338) Schedule K-1(NR)?

This is a legal form that was released by the Arizona Department of Revenue - a government authority operating within Arizona. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Arizona Form 120S?
A: Arizona Form 120S is a tax form used by nonresident shareholders to report their share of income and deductions in Arizona.

Q: Who should file Arizona Form 120S?
A: Nonresident shareholders who have income or deductions from an Arizona S corporation should file Form 120S.

Q: What is Schedule K-1(NR)?
A: Schedule K-1(NR) is a specific part of Arizona Form 120S that reports a nonresident shareholder's share of income and deductions.

Q: What information is included in Schedule K-1(NR)?
A: Schedule K-1(NR) includes details about the nonresident shareholder's share of income, deductions, and any other relevant information.

Q: When is the deadline to file Arizona Form 120S?
A: The deadline to file Arizona Form 120S is usually April 15th, or the same deadline as the individual income tax return.

Q: Are there any penalties for late filing?
A: Yes, there may be penalties for late filing of Arizona Form 120S, including potential interest charges on any taxes owed.

Q: Do nonresident shareholders need to file any other tax forms in Arizona?
A: Nonresident shareholders may need to file other tax forms in Arizona, depending on their specific tax situation.

Q: Can I e-file Arizona Form 120S?
A: Yes, Arizona Form 120S can be filed electronically through the Arizona Department of Revenue's e-file system.