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Arizona Small Business Amended Income Tax Return (For Forms 140-SBI, 140NR-SBI and 140PY-SBI)
Extracted from PDF file 2023-arizona-form-140x-sbi.pdf, last modified August 2021Small Business Amended Income Tax Return (For Forms 140-SBI, 140NR-SBI and 140PY-SBI)
DO NOT STAPLE ANY ITEMS TO THE RETURN. Arizona Form 140X-SBI MM D D 2 0 2 3 Your First Name and Middle Initial AND ENDING MM D D 2 0 Y Y Last Name Enter your SSN(s). 1 Spouse’s First Name and Middle Initial (if box 95a or 95b checked) Last Name 1 Current Home Address - number and street, rural route Apt. No. City, Town or Post Office Small Business Income 2023 State ZIP Code If you are claiming Injured Spouse 6 Portion of Federal Schedule D. See instructions for amount............. 6 7a Federal Schedule E. Enter the amount from each part.................7a 66F Your Social Security Number Spouse’s Social Security No. Filing Status. Must be the same as Form 140, 140NR or 140PY 95a Married filing joint return 95b Head of Household 95c Married filing separate return 95d Single Protection (Form 203) check 3a 4 Federal Schedule B. See instructions............................................ 4 5a Federal Schedule C. See instructions.................................................. 5a 5b Enter your NAICS code shown on Schedule C: . Daytime Phone (with area code) 94 2 3 FOR CALENDAR YEAR For Forms 140-SBI, 140NR-SBI and 140PY-SBI OR FISCAL YEAR BEGINNING 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..................................................... 8 9 Federal Form 4797. Amount not included on line 6. See instructions... 9 00 00 81 PM 80 RCVD 26 27 28 00 00 00 33 34 35 36 37 38 39 40 46 Sole Proprietorship income of an AZ Nonprofit Medical Marijuana Dispensary included in Schedule C.................... 46 00 00 00 00 00 00 00 00 00 00 00 00 00 00 47 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. 47 ADOR 11401 (23) AZ Form 140X-SBI (2023) Page 1 of 3 Additions Related to Small Business Income 23 24 25 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Subtractions Related to Small Business Income Place any required federal and AZ schedules or other documents after Form 140X-SBI. Small Business Amended Income Tax Return 10 Total Small Business income: Add lines 4, 5a, 6, 7a, 8 and 9. Enter the total...................................................... 10 11 Fiduciary Adjustment (positive) from Arizona Form 141AZ Schedule K-1.................................................................. 11 12 13 14 15 16 17 18 19 20 21 22 12 13 14 15 16 17 18 Addition to S Corporation Income due to claiming pass-through credit (Form 312).............)............................................... 19 Depreciation or amortization related to tax credits claimed on Arizona Form 315 and Arizona Form 325................. 20 Basis adjustment for property claimed as a credit on AZ Forms 315 and 325 that is 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 Non-Arizona municipal interest. See instructions...................................................................................................... Partnership Income Adjustment. See instructions......................................................................................................... Total federal depreciation............................................................................................................................................ 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........................... 23 Adjustment for Net Operating Loss due to Claim of Right......................................................................................... 24 Americans with Disabilities Act - Access Expenditures.............................................................................................. 25 Entity-Level Income Tax payment. See instructions.................................................................................................... 26 Sole Proprietorship loss of an AZ Nonprofit Medical Marijuana Dispensary included in Schedule C. See instructions......................................................................................................................................................... 27 Motion Picture Production Costs. See instructions.................................................................................................. 28 Subtotal: Add lines 10 through 27. Enter the total.................................................................................................. 29 Total net capital gain or (loss). See instructions...................................................................... 29 30 Total net short-term capital gain or (loss). See instructions..................................................... 30 31 32 33 34 35 36 37 38 39 40 Total net long-term capital gain or (loss). See instructions....................................................... 31 Net long-term capital gain from assets acquired after December 31, 2011. See instructions.. 32 Multiply line 32 by 25% (.25) and enter the result. See instructions............................................................................... Fiduciary Adjustment (negative) from Arizona Form 141AZ Schedule K-1................................................................. Net capital gain derived from investment in qualified small business......................................................................... Net capital gain from the exchange of one kind of legal tender for another kind of legal tender................................. Recalculated Arizona depreciation.............................................................................................................................. Partnership Income adjustment. See instructions......................................................................................................... Interest on U.S. obligations such as U.S. savings bonds and treasury bills................................................................ Net operating loss adjustment from tax years 2008 and 2009. See instructions........................................................... 00 00 00 00 41 Installment sale income from another state taxed by the other state in a prior year................................................... 41 42 43 44 45 Amount of wages or salaries paid or incurred during the tax year and used to claimed certain federal tax credits.... Basis adjustment for property sold or otherwise disposed of during the tax year....................................................... Americans with Disabilities Act - Access Expenditures................................................................................................ Claim of Right Adjustment for amounts repaid in prior years...................................................................................... 42 43 44 45 00 Your Name (as shown on page 1) Your Social Security Number Subtractions continued 48 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 Schedule. K-1, line 7 and/or Schedule K-1(NR), line 20................................................................................................ 48 49 Exploration expenses deferred before January 1, 1990................................................................................................ 49 63 64 65 66 67 68 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 69 AMOUNT OWED: If line 58 is more than line 65, subtract line 65 from line 58. Enter amount owed........................... 69 00 50 Agricultural Crops given to Arizona Charitable Organizations....................................................................................... 50 51 Virtual Currency and Non-Fungible Tokens. See instructions...................................................................................... 51 52 Gas Fees and 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 TOverpayment Payments and Refundable Credits Balance of Tax 54 Small Business Income Tax: Multiply line 53 by 2.5% (.025)......................................................................................... 54 55 Tax from recapture of of credits from Arizona Form 301-SBI, Part 2, line 24................................................................. 55 56 Subtotal of tax: Add lines 54 and 55. Enter the total..................................................................................................... 56 57 Nonrefundable Credits from Arizona 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 “0”........................................... 58 59 2023 AZ estimated tax payments 59a 00 Claim of Right.59b 00 Add 59a and 59b 59c 60 2023 AZ extension payment (Form 204-SBI).................................................................................................................. 60 61 Refundable credits: Check the box(es) and enter the total amount....................................611308-I 612334 613349 61 62 Payment made with original return plus all payments made after it was filed................................................................ 62 63 64 65 66 67 68 Total payments and refundable credits: Add lines 59c, 60, 61 and 62. Enter the total.................................................... Overpayment from original return or as later adjusted. See instructions....................................................................... Balance of credits: Subtract line 64 from line 63................................................................................................................. OVERPAYMENT: If line 58 is less than line 65, subtract line 58 from line 65. Enter amount of overpayment............................... Amount of line 66 to be applied to 2024 estimated tax................................................................................................... REFUND: Subtract line 67 from line 66. If less than zero, enter amount owed on line 69........................................................... Direct Deposit of Refund: Check box 68A if your deposit will be ultimately placed in a foreign account; see instructions. 68A C Checking or 98 S Savings ROUTING NUMBER ACCOUNT NUMBER Sign and date your return. If you paid someone to prepare your return, that person must also sign and date the return. The paid preparer must provide their street address, Paid Preparer TIN and phone number. 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 140X-SBI. Write your SSN, Form 140X-SBI and tax year on your payment. • 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 11401 (23) AZ Form 140X-SBI (2023) Page 2 of 3 Your Name (as shown on page 1) Your Social Security Number Complete Parts 1(A) and 1(B), Part 2 and Part 3 to report changes made to your original tax return or most recent amended tax return and the reason(s) for each change. NOTE: If you are rescinding your small business election, check box 70R and complete Form 140X-SBI and Form 140X. Include Form 140X-SBI with your amended income tax return (Form 140X), when filed. See the instructions for Form 140X-SBI for information to rescind your small business election. PART 1 (A) INCOME, DEDUCTIONS, CREDITS: In column (a), list the items you are changing. In column (b), enter the amount claimed on your original return or most recent amended return. In column (c), enter the amount of the change. In column (d), enter the corrected amount for the item you are changing. (a) INCOME, DEDUCTIONS, AND CREDITS YOU ARE CHANGING (b) ORIGINAL AMOUNT REPORTED $ $ $ 70a 70b 70c (c) AMOUNT TO ADD OR SUBTRACT $ $ $ (d) CORRECTED AMOUNT $ $ $ NET CAPITAL GAIN OR (LOSS): If you are changing any amount on lines 71a through 71e, complete columns (b), (c), and (d). (b) ORIGINAL AMOUNT REPORTED 71a Total net capital gain or (loss) reported on Form 140-SBI, line 29; Form 140NR-SBI, line 28; or Form 140PY-SBI, line 29....................................... $ 71b Total net short-term capital gain or (loss) reported on Form 140-SBI, line 30; Form 140NR-SBI, line 29; or Form 140PY-SBI, line 30..................... $ 71c Total net long-term capital gain or (loss) reported on Form 140-SBI, line 31; Form 140NR-SBI, line 30; or Form 140PY-SBI, line 31..................... $ 71d Net long-term capital gains from assets acquired after December 31, 2011 reported on Form 140-SBI, line 32; Form 140NR-SBI, line 31; or Form 140PY-SBI, line 32................................................................................ $ 71e Amount of allowable subtraction reported on Form 140-SBI, line 33; Form 140NR-SBI, line 32; or Form 140PY-SBI, line 33................................... $ 72 REASON FOR THE CHANGE: Give the reason for each change listed in Part 1 (A) and B): (c) AMOUNT TO ADD OR SUBTRACT (d) CORRECTED AMOUNT $ $ $ $ $ $ $ $ $ $ PART 3 PART 2 PART 1 (B) (a) ITEM Check box 73a if your address on this amended return is not the same as it was on your original return (or latest return filed). Complete Part 3 with your current address. 73b Name 73c Number and Street, R.R. Apt. No. 73d City, Town or Post Office State ADOR 11401 (23) Print Form AZ Form 140X-SBI (2023) ZIP Code Page 3 of 3
Arizona Form 140
More about the Arizona Form 140X-SBI Corporate Income Tax Amended Return TY 2023
We last updated the Small Business Amended Income Tax Return (For Forms 140-SBI, 140NR-SBI and 140PY-SBI) in February 2024, so this is the latest version of Form 140X-SBI, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 140X-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 140X-SBI from the Department of Revenue in February 2024.
Form 140X-SBI is an Arizona Corporate Income Tax form. An amended tax return is used to correct errors or omissions in a previously-filed tax return. While taxpayers will not generally be punished simply for correcting an error in a previous return, errors that resulted in an underpayment of owed tax can sometimes result in penalties or interest owed.
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 140X-SBI
We have a total of three past-year versions of Form 140X-SBI in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 140X-SBI
Arizona Form 140
2022 Form 140X-SBI
Arizona Form 140
2021 Form 140X-SBI
Arizona Form 140X-SBI
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