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Arizona Small Business Income Tax Return (Part Year, 140PY-SBI)
Extracted from PDF file 2023-arizona-form-140py-sbi.pdf, last modified September 2021Small Business Income Tax Return (Part Year, 140PY-SBI)
DO NOT STAPLE ANY ITEMS TO THE RETURN. 140PY-SBI 82F Check box 82F if filing under extension Your First Name and Middle Initial OR FISCAL YEAR BEGINNING M M D Last Name D 2 0 2 3 1 Apt. No. City, Town or Post Office State Small Business Income Additions Related to Small Business Income ZIP Code If you are claiming Injured Spouse 4 Federal Schedule B. See instructions............................................. 4 5a Federal Schedule C. See instructions............................................. 5a 5b Enter your NAICS code shown on Schedule C: 6 Portion of Federal Schedule D. See instructions for amount............. 6 See instructions....................................................... 7a . 66F Your Social Security Number Spouse’s Social Security No. 95. Filing Status. Must be the same as Form 140, 140NR or 140PY 95a Married filing joint return 95c Head of Household 95b Married filing separate return 95d Single Protection (Form 203) check 3a 7a Federal Schedule E. MM D D 2 0 Y Y Daytime Phone (with area code) 94 2 3 2023 Enter your SSN(s). Spouse’s First Name and Middle Initial (if box 95a or 95b checked) Last Name Current Home Address - number and street, rural route FOR CALENDAR YEAR AND ENDING 1 Subtractions Related to Small Business Income Place any required federal and AZ schedules or other documents after Form 140PY-SBI. Small Business Income Tax Return for Arizona Part-Year Residents Arizona Form 00 00 REVENUE USE ONLY. DO NOT MARK IN THIS AREA. 88 00 00 7b Rental, Real Estate, Royalties ____________.00 7e REMICS ________________.00 7c Partnerships/S Corporations _____________.00 7f Farm Rental______________.00 7d Estates/Trusts ______________.00 8 Federal Schedule F. See instructions.......................................... 9 Federal Form 4797. Amounts not included on line 6. See instructions........... 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 8 9 00 00 81 PM Total Small Business income: Add lines 4, 5a, 6, 7a, 8 and 9. Enter the total...................................................... Fiduciary Adjustment (positive) from Arizona Form 141AZ Schedule K-1 and/or Schedule K-1(NR)........................ Non-Arizona municipal interest. See instructions.......................................................................................................... Partnership Income Adjustment. See instructions......................................................................................................... Total federal depreciation included in Arizona gross income...................................................................................... Net capital (loss) from the exchange of one kind of legal tender for another kind of legal tender.............................. Claim of Right adjustment for amounts repaid in 2023.............................................................................................. Claim of Right adjustment for amounts repaid in prior taxable years......................................................................... Agricultural Water Conservation expenses related to the tax credit claimed on Arizona Form 312........................... Addition to S Corporation income for expenses due to claiming pass-through credit on Form 312.......................... Depreciation or amortization related to tax credits claimed on Arizona Form 315 and 325. See instructions.......... 10 11 12 13 14 15 16 17 18 19 20 Basis adjustment for property claimed as a credit on AZ Forms 315 and 325 that was sold or disposed of during the tax year........ 21 Basis adjustment for property claimed as a credit on AZ Form 338 that is sold or disposed of during the tax year.............. 22 Adjustment for Net Operating Loss due to Claim of Right......................................................................................... 23 Americans with Disabilities Act - Access Expenditures............................................................................................. 24 Entity-Level Income tax payment. See instructions.................................................................................................... 25 Sole Proprietorship loss of an AZ Nonprofit Medical Marijuana Dispensary included in Schedule C. See instructions............................................................................................................................................................ 26 Motion Picture Production Costs (Form 334). See instructions............................................................................... 27 Subtotal: Add lines 10 through 27. Enter the total.................................................................................................. 28 Total net capital gain or (loss). See instructions...................................................................... 29 00 Total net short-term capital gain or (loss). See instructions..................................................... 30 00 Total net long-term capital gain or (loss). See instructions....................................................... 31 00 Net long-term capital gain from assets acquired after December 31, 2011. See instructions.. 32 00 Multiply line 32 by 25% (.25) and enter the result. See instructions............................................................................... 33 Fiduciary Adjustment (negative) from Arizona Form 141AZ Schedule K-1 and/or Schedule K-1(NR)........................ 34 Net capital gain derived from investment in qualified small business.......................................................................... 35 Net capital gain from the exchange of one kind of legal tender for another kind of legal tender................................. 36 Recalculated Arizona depreciation.............................................................................................................................. 37 Partnership Income adjustment. See instructions......................................................................................................... 38 Net operating loss adjustment from tax years 2008 and 2009. See instructions............................................................ 39 Basis adjustment for property sold or otherwise disposed of during the tax year....................................................... 40 Claim of Right Adjustment for amounts repaid in prior years...................................................................................... 41 42 Sole Proprietorship income of an AZ Nonprofit Medical Marijuana Dispensary included in Schedule C.................... 42 43 Sole Proprietorship - AZ Marijuana Establishment, Testing Facilities and for-profit dual licensees - enter the ordinary and necessary business expenses related to the sales of recreational use products from Schedule DFE. See instructions............................................................................................................................................................. 43 44 S Corporation shareholders of an AZ Marijuana Establishment, Testing Facilities and for-profit dual licensees: enter the amount of your pro-rata share of expenses related to the sales of recreational products from Form 120S Schedule K-1, line 7.......................................................................................................................................... 44 ADOR 11407 (23) AZ Form 140PY-SBI (2023) 80 RCVD 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Page 1 of 2 Subtractions cont. Your Name (as shown on page 1) Your Social Security Number 57 Nonrefundable Credits from Form 301-SBI, Part 2, line 44........................................................................................... 57 58 Balance of Tax: Subtract line 57 from line 56. If line 57 is greater than line 56, enter zero “0”.................................. 58 59 60 61 62 63 64 65 66 67 68 69 59c 60 61 62 63 64 65 66 67 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 69 00 70 00 45 Agricultural Crops given to Arizona Charitable Organizations........................................................................................ 45 46 Americans with Disabilities Act - Expenditure expenses................................................................................................ 46 Balance of Tax 47 Amount of wages or salaries paid or incurred during the tax year and used to claim certain federal tax credits........... 47 48 Exploration expenses deferred before January 1, 1990................................................................................................ 48 49 Installment sale income from another state taxed by the other state in a prior year..................................................... 49 50 Interest on U.S. obligations such as U.S. savings bonds and treasury bills................................................................. 50 51 Virtual Currency and Non-Fungible Tokens. See instructions.................................................................................... 51 52 Gas Fees or Non-Fungible Token Basis. See instructions......................................................................................... 52 53 Arizona Small Business Taxable Income: Subtract lines 33 through 52 from line 28. If less than zero, enter “0”....... 53 Refund or Amount Owed Tax Due or Penalty Overpayment Payments and Refundable Credits 54 Small Business Income Tax: Multiply line 53 by 2.5% (.025) and enter the result........................................................ 54 55 Tax from recapture of credits from Arizona Form 301-SBI, Part 2, line 24.................................................................... 55 56 Subtotal of tax: Add lines 54 and 55 and enter the total............................................................................................... 56 2023 AZ estimated tax payments 59a 00 Claim of Right.59b 00 Add 59a and 59b 2023 AZ extension payment (Form 204-SBI)................................................................................................................. Refundable credits: Check the box(es) and enter the total amount..................................611308-I 612334 613349 Total payments and refundable credits: Add lines 59c, 60 and 61. Enter the total.......................................................... TAX DUE: If line 58 is larger than line 62, subtract line 62 from line 58. Enter amount of tax due. Skip lines 64, 65 and 66............. OVERPAYMENT: If line 62 is larger than line 58, subtract line 62 from line 58. Enter amount of overpayment............................. Amount of line 64 to be applied to 2024 estimated tax................................................................................................... Balance of overpayment: Subtract line 65 from line 64. Enter the difference......................................................................... Estimated payment penalty from Form 221-SBI. See instructions................................................................................... 681 Annualized/Other 682 Farmer or Fisherman 683 Form 221-SBI included.................................................................... REFUND: Subtract line 67 from line 66. If less than zero, enter amount owed on line 70........................................................... Direct Deposit of Refund Check box 69A if your deposit will be ultimately placed in a foreign account; see instructions. 69A ROUTING NUMBER ACCOUNT NUMBER C Checking or 98 S Savings 70 AMOUNT OWED: Add lines 63 and 67. Enter the total Make check payable to Arizona Department of Revenue; write your SSN and “140PY-SBI” on payment; and include it with your return......................................................................................... PLEASE SIGN HERE Under penalties of perjury, I declare that I have read this return and any documents with it, and to the best of my knowledge and belief, they are true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. YOUR SIGNATURE SPOUSE’S SIGNATURE PAID PREPARER’S SIGNATURE DATE DATE DATE OCCUPATION SPOUSE’S OCCUPATION FIRM’S NAME (PREPARER’S IF SELF-EMPLOYED) PAID PREPARER’S STREET ADDRESS PAID PREPARER’S CITY STATE ZIP CODE PAID PREPARER’S TIN ( ) PAID PREPARER’S PHONE NUMBER If you are sending a payment with this return, mail to Arizona Department of Revenue, PO Box 52016, Phoenix, AZ 85072-2016. Include the payment with Form 140PY-SBI. If you are expecting a refund or owe no tax, or owe tax but are not sending a payment, mail to Arizona Department of Revenue, PO Box 52138, Phoenix, AZ 85072-2138. ADOR 11407 (23) AZ Form 140PY-SBI (2023) Print Form Page 2 of 2
Arizona Form 140
More about the Arizona Form 140PY-SBI Corporate Income Tax Tax Return TY 2023
We last updated the Small Business Income Tax Return (Part Year, 140PY-SBI) in February 2024, so this is the latest version of Form 140PY-SBI, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 140PY-SBI directly from TaxFormFinder. You can print other Arizona tax forms here.
Other Arizona Corporate Income Tax Forms:
TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Schedule ACA | Schedule ACA - Air Carrier Apportionment |
| Form 120S | Arizona S Corporation Income Tax Return |
| Form 165 | Arizona Partnership Income Tax Return |
| Form 141AZ | Arizona Fiduciary Income Tax Return |
| 165 Schedule K-1 | Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income |
View all 96 Arizona Income Tax Forms
Form Sources:
Arizona usually releases forms for the current tax year between January and April. We last updated Arizona Form 140PY-SBI from the Department of Revenue in February 2024.
Form 140PY-SBI is an Arizona Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Arizona Form 140PY-SBI
We have a total of three past-year versions of Form 140PY-SBI in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 140PY-SBI
Arizona Form 140
2022 Form 140PY-SBI
Arizona Form 140
2021 Form 140PY-SBI
Arizona Form 140PY-SBI
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