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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Arizona Form 335-I, ADOR11239
for the current year.
Instructions for Arizona Form 335-I, ADOR11239 Credit for Business Contributions by an S Corporation to School Tuition Organizations - Individual - Arizona
This document contains official instructions for Arizona Form 335-I , and Form ADOR11239 . Both forms are released and collected by the Arizona Department of Revenue. An up-to-date fillable Arizona Form 335-I (ADOR11239) is available for download through this link.
FAQ
Q: What is Arizona Form 335-I?
A: Arizona Form 335-I is a form used for claiming the Credit for Business Contributions by an S Corporation to School Tuition Organizations - Individual in Arizona.
Q: What is the purpose of Arizona Form 335-I?
A: The purpose of Arizona Form 335-I is to claim a tax credit for business contributions made by an S Corporation to School Tuition Organizations in Arizona.
Q: Who should file Arizona Form 335-I?
A: S Corporations that have made business contributions to School Tuition Organizations in Arizona should file Arizona Form 335-I.
Q: What is a School Tuition Organization (STO)?
A: A School Tuition Organization (STO) is a nonprofit organization that provides scholarships or financial assistance to students attending private schools in Arizona.
Q: What is the credit amount for business contributions to STOs?
A: The credit amount for business contributions to School Tuition Organizations (STOs) is limited to the lesser of 20% of the taxpayer's net income or the total amount of contributions made by the S Corporation.
Q: Can the credit be carried forward or back?
A: No, the credit for business contributions to School Tuition Organizations (STOs) cannot be carried forward or back.
Q: What documentation is required to claim the credit?
A: To claim the credit, the S Corporation must provide documentation from the School Tuition Organizations (STOs) verifying the contributions made.
Q: When is the deadline for filing Arizona Form 335-I?
A: Arizona Form 335-I must be filed on or before the due date of the S Corporation's income tax return, including extensions.
Q: Is there a limit to the total credits that can be claimed?
A: Yes, there is a cap on the total amount of credits that can be claimed for business contributions to School Tuition Organizations (STOs) in Arizona.
Q: Can individuals claim this credit?
A: No, Arizona Form 335-I is specifically for S Corporations to claim the credit for business contributions to School Tuition Organizations (STOs).
Instruction Details:
- This 2-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
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Download Instructions for Arizona Form 335-I, ADOR11239 Credit for Business Contributions by an S Corporation to School Tuition Organizations - Individual - Arizona
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