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Arizona Credit for Employment of TANF Recipients
Form 320 is obsolete, and is no longer supported by the Arizona Department of Revenue.
Extracted from PDF file 2019-arizona-form-320.pdf, last modified September 2003Credit for Employment of TANF Recipients
Arizona Form 320 2019 Credit for Employment of TANF Recipients Include with your return. For the calendar year 2019 or fiscal year beginning M M D D 2 0 1 9 and ending M M D D Y Y Y Y . Your Name as shown on Form 140, 140NR, 140PY, 140X, 99T, 120, 120A, 120S, 120X or 165 Your Social Security or Employer Identification Number Spouse’s Name as shown on Form 140, 140NR, 140PY, 140X (if a joint return) Part 1 Spouse’s Social Security Number Business Information 1 Business name: 2 Business location: 3 Employer Identification Number: Part 2 4 5 6 7 8 Part 3 Net Increase in Qualified Employment Positions Average number of qualified employment positions during the current taxable year............................ Average number of qualified employment positions during the immediately preceding taxable year... Net increase in the number of qualified employment positions: Subtract line 5 from line 4................. Number of positions on line 6 that are eligible for any other income tax credit under Arizona law....... Maximum number of positions eligible for the credit: Subtract line 7 from line 6................................. 4 5 6 7 8 Qualifying New Employees 9 New employees hired during the year................................................................................................... 9 10 Qualified new employees...................................................................................................................... 10 11 Maximum number of qualifying net new employees: Enter the smaller of line 8 or line 10.................. 11 Part 4 Credit Calculation for Qualified Employees (a) No. of Qualifying Employees 12 Qualifying Net New Employees.................... 12 13 Previously Qualified Employees in the Second Year of Continuous Employment..... 13 14 Previously Qualified Employees in the Third Year of Continuous Employment......... 14 15 Current year’s pass-through amounts from all Partnership(s): Enter the total amount from Form(s) 320-P. See instructions.......... 15 16 Current year’s pass-through amounts from all S corporation(s): Enter the total amount from Form(s) 320-S. See instructions......... 16 17 Total Current Year’s Credit: For each column (a), (b), and (d), add lines 12 through 16, and enter the total for each column........ 17 (b) (c) (d) Qualifying Wages Percentage Allowable Credit $ 00 25% $ 00 $ 00 33.33% $ 00 $ 00 50% $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 Note: Do not take a subtraction for the same wage expense for which a credit is claimed. • Individuals: If you are claiming a current year’s credit you must add-back on your tax return, under Other Additions to Income, the total net amount of qualifying wage expenses entered on line 17, column (b). • C Corporations, Partnerships and Exempt organizations with UBTI: If you are claiming a current year’s credit you must add-back on your tax return, under Additions related to Arizona tax credits, the total net amount of qualifying wage expenses entered on line 17, column (b). • S corporations: If you are passing the current year’s credit to your shareholders you must report, on each shareholder’s Form 320-S, Part 3, line 5, the net amount of qualifying wage expenses enter on line 17, column (b). Continued on page 2 ADOR 10579 (19) Your Name (as shown on page 1) Part 5 Your Social Security or Employer Identification Number Partner’s Share of Credit Partnerships: • Do not complete Part 7 and 8 of Form 320. • Complete Form 320-P separately for each partner. • Furnish each partner with a copy of Form 320-P. Part 6 S Corporation Credit Election and Shareholder’s Share of Credit 18 The S corporation has made an irrevocable election for the taxable year ending: M M D D Y Y Y Y to (check only one box): (a) Claim the credit for employment of TANF recipients, as shown on Part 4, line 17, column (d) for the taxable year mentioned above; OR (b) Pass the credit for employment of TANF recipients, as shown on Part 4, line 17, column (d) for the taxable year mentioned above, through to its shareholders. Signature Title Date • If box (a) is checked, continue to Part 7. • If box (b) is checked: • Complete a separate Form 320-S for each shareholder. • Furnish each shareholder with a copy of Form 320-S • S corporations that have a carryover available from a credit in a prior year must complete Part 7; and Part 8, lines 26 and 27. If no carryover is available do not complete Part 7 and Part 8. Part 7 Available Credit Carryover (a) Taxable Year from which you are carrying the credit (b) Original Credit Amount (c) Amount Previously Used (d) Available Carryover: Subtract column (c) from column (b). 19 2014 00 00 00 20 2015 00 00 00 21 2016 00 00 00 22 2017 00 00 00 2018 00 00 00 24 Total Available Carryover: Add lines 19 through 23, column (d)............. 24 00 23 Part 8 Total Available Credit 25 Current year’s credit: • Individuals, C corporations, S corporations that are claiming the credit, or exempt organizations with UBTI: Enter the amount from Part 4, line 17, column (d). • Individuals: Also, enter this amount on Arizona Form 301, Part 1, line 9, column (a). • C corporations, S corporations that are claiming the credit, and exempt organizations with UBTI: Also, enter this amount on Arizona Form 300, Part 1, line 7, column (a)........................................... 25 26 Available carryover: Enter the amount from Part 7, line 24, column (d). • Individuals: Also, enter this amount on Arizona Form 301, Part 1, line 9, column (b). • C corporations, S corporations that are claiming the credit, and exempt organizations with UBTI: Also, enter this amount on Arizona Form 300, Part 1, line 7, column (b)........................................... 26 27 Total Available Credit: Add lines 25 and 26 and enter the total. • Individuals: Also, enter on Arizona Form 301, Part 1, line 9, column (c). • C corporations, S corporations that are claiming the credit, and exempt organizations with UBTI: Also, enter this amount on Arizona Form 300, Part 1, line 7, column (c)........................................... 27 ADOR 10579 (19) AZ Form 320 (2019) Print 320 00 00 00 Page 2 of 4 Your Name (as shown on Form 320 page 1) Your Social Security or Employer Identification Number Page Form 320-1 Qualifying Employees (a) Employee’s Name (b) Social Security Number (c) Date of Hire of 2019 (d) (e) Was this employee Was this employee an Arizona resident receiving TANF on date of hire? benefits on date of hire? 1 Yes No Yes No 2 Yes No Yes No 3 Yes No Yes No 4 Yes No Yes No 5 Yes No Yes No 6 Yes No Yes No 7 Yes No Yes No 8 Yes No Yes No 9 Yes No Yes No 10 Yes No Yes No 11 Yes No Yes No 12 Yes No Yes No 13 Yes No Yes No 14 Yes No Yes No 15 Yes No Yes No 16 Yes No Yes No 17 Yes No Yes No 18 Yes No Yes No 19 Yes No Yes No 20 Yes No Yes No 21 Yes No Yes No 22 Yes No Yes No 23 Yes No Yes No 24 Yes No Yes No 25 Yes No If you have more than 25 qualifying employees, complete additional schedules and include behind this page. ADOR 10579 (19) AZ Form 320 (2019) Print 320-1 Reset Page Yes No Page 3 of 4 Your Name (as shown on Form 320, page 1) Your Social Security or Employer Identification Number of Page Form 320-2 2019 Qualifying Employees for Which You are Claiming a Credit (a) Employee’s Name (b) Social Security Number (c) Type of Employee Check the appropriate box. This employee is a: (c1) (c2) (c3) 1st Year 2nd Year 3rd Year Employee Employee Employee (d) Total Wages Paid to the Employee During the Current Taxable Year Less Wages Subsidized as Provided by A.R.S. §46‑299 (e) Maximum Allowable Wages: Enter the lesser of column (d) or the maximum allowed below. (e1) Year 1 $2000 1 00 2 00 3 00 4 00 5 00 6 00 7 00 8 00 9 00 10 00 11 12 00 (e2) Year 2 $3000 (e3) Year 3 $3000 TOTAL: • For column (c), add the number of employees in each column (c1), (c2) and (c3), and enter the total for each column on line 12. • For columns (d) and (e), add the amounts in each column and enter the total for each column on line 12.��������������������������������������������������������� 12 00 If you have more than 11 qualifying employees for which you are claiming a credit, complete additional schedules and include behind this page. Print 320-2 ADOR 10579 (19) Reset Page Page 4 of 4
Arizona Form 320, 320-1, 320-2
More about the Arizona Form 320 Corporate Income Tax Tax Credit
We last updated the Credit for Employment of TANF Recipients in May 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Arizona Department of Revenue. 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 320 from the Department of Revenue in May 2021.
Form 320 is an Arizona Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
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 320
We have a total of five past-year versions of Form 320 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2019 Form 320
Arizona Form 320, 320-1, 320-2
2016 Form 320
Arizona Form 320, 320-1, 320-2
2015 Form 320
Arizona Form 320, 320-1, 320-2
2014 Form 320
Arizona Form 320, 320-1, 320-2
2012 Form 320
Arizona Form 320, 320-1, 320-2
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