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This version of the form is not currently in use and is provided for reference only. Download this version of
Arizona Form 338-S (ADOR11317)
for the current year.
Arizona Form 338-S (ADOR11317) Credit for Investment in Qualified Small Businesses Distribution to Shareholders - Arizona
What Is Arizona Form 338-S (ADOR11317)?
This is a legal form that was released by the Arizona Department of Revenue - a government authority operating within Arizona. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Arizona Form 338-S?
A: Arizona Form 338-S is a tax form used to claim a Credit for Investment in Qualified Small Businesses Distribution to Shareholders in the state of Arizona.
Q: What is the purpose of Arizona Form 338-S?
A: The purpose of Arizona Form 338-S is to allow shareholders of qualified small businesses to claim a tax credit for their investment in those businesses.
Q: Who can use Arizona Form 338-S?
A: Shareholders of qualified small businesses in Arizona can use Arizona Form 338-S.
Q: What is the tax credit for investment in qualified small businesses?
A: The tax credit for investment in qualified small businesses allows shareholders to receive a credit against their Arizona state income tax liability.
Q: What is a qualified small business?
A: A qualified small business is a business that meets certain criteria specified by the state of Arizona, such as being a corporation or limited liability company engaged in specific industries.
Q: How much is the tax credit?
A: The tax credit for investment in qualified small businesses can be up to 10% of the investment made by the shareholder in the business.
Q: Are there any limitations on the tax credit?
A: Yes, there are limitations on the tax credit, such as a maximum credit amount and a maximum credit limit per taxpayer.
Q: What is the deadline for filing Arizona Form 338-S?
A: The deadline for filing Arizona Form 338-S is the same as the deadline for filing your Arizona state income tax return, typically April 15th.
Q: Is the tax credit refundable?
A: No, the tax credit for investment in qualified small businesses is non-refundable, meaning it can only be used to offset your Arizona state income tax liability and cannot result in a refund if the credit exceeds the tax liability.
Form Details:
- Released on January 1, 2021;
- The latest edition provided by the Arizona Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Arizona Form 338-S (ADOR11317) by clicking the link below or browse more documents and templates provided by the Arizona Department of Revenue.
