Arkansas Lump Sum Distribution Averaging
Extracted from PDF file 2023-arkansas-form-ar1000td.pdf, last modified June 2023Lump Sum Distribution Averaging
AR1000TD PRINT FORM CLEAR FORM 2023 ITTD231 ARKANSAS INDIVIDUAL INCOME TAX LUMP-SUM DISTRIBUTION AVERAGING Attach to AR1000F/AR1000NR Taxpayer name See instructions on reverse side Taxpayer social security number PART I - Complete this part to see if you qualify to use the AR1000TD :DVWKLVDGLVWULEXWLRQRIDSODQSDUWLFLSDQW¶VHQWLUHEDODQFHIURPDOORIDQHPSOR\HU¶VTXDOL¿HGSODQVRIRQHNLQG SHQVLRQSURÀWVKDULQJRUVWRFNERQXV? If “No”, do not use this form ............................................................1 2. Did you roll over any part of the distribution? If “Yes”, do not use this form...........................................................2 3. Was this distribution paid to you as a EHQHÀFLDU\ of a plan participant who was born before January 2, 1936?...........3 4. Were you (a) a plan participant who received this distribution (b) born before January 2, 1936, and (c) a participant in the plan for at least 5 years before the year of the distribution? ..........................................................4 If you answered “No” to both questions 3 and 4, do not use this form. 5a. Did you use Form AR1000TD for a previous distribution from your own plan? If “Yes”, do not use this form .......5A E ,I\RXDUHUHFHLYLQJWKLVGLVWULEXWLRQDVDEHQH¿FLDU\RIDSODQSDUWLFLSDQWZKRGLHGZDVWKH$57'XVHGIRUD previous distribution received for that plan participant? If “Yes”, do not use this form ....................................................5B PART II - 10 YEAR AVERAGING Complete Part I above to see if you qualify for 10 year averaging before completing Part II 1. Income from Form 1099-R, Box 2a: (Enter on this line instead of on AR1000F/AR1000NR) .......................................... 1 2. Current actuarial value of annuity from Form 1099-R, Box 8: (If none, enter -0-) ............................................................ 2 3. Total taxable amount: (Add lines 1 and 2. If total is $70,000 or more, skip lines 4 through 7 and enter amount on line 8) ... 3 4. Multiply line 3 by 50% (.50); but do not enter more than $10,000: .............................................4 6XEWUDFWIURPOLQHDQGHQWHUWKHGLႇHUHQFH If result is zero or less, enter -0-: ..................................................... 5 6. Multiply line 5 by 20% (.20): .......................................................................................................6 7. Minimum distribution allowance: (Subtract line 6 from line 4) ........................................................................................ 7 8. Subtract line 7 from line 3: ................................................................................................................................................. 8 9. Multiply line 8 by 10% (.10): ............................................................................................................................................... 9 10. Tax on the amount on line 9: (Use tax rate schedule on reverse side) ..........................................................................10 11. Multiply line 10 by ten (10). If line 2 is zero, skip lines 12 through 17, and enter on line 18: ............................................. 11 12. Divide line 2 by line 3: (Carry to four places to the right of the decimal) .....................................................................12 13. Multiply line 7 by line 12:.....................................................................................................................................................13 14. Subtract line 13 from line 2: ................................................................................................................................................14 15. Multiply line 14 by 10% (.10): .............................................................................................................................................15 16. Tax on amount on line 15: (Use tax rate schedule on reverse side) ..............................................................................16 17. Multiply line 16 by ten (10): ................................................................................................................................................17 18. Subtract line 17 from line 11: (Enter this amount on line 31 of Form AR1000F/AR1000NR) ........................................18 AR1000TD (R 6/15/2023) YES NO
2023_AR1000TD_BC.pdf
More about the Arkansas Form AR1000TD Individual Income Tax TY 2023
We last updated the Lump Sum Distribution Averaging in January 2024, so this is the latest version of Form AR1000TD, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form AR1000TD directly from TaxFormFinder. You can print other Arkansas tax forms here.
Other Arkansas Individual Income Tax Forms:
TaxFormFinder has an additional 39 Arkansas income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
Form AR1000F | Full Year Resident Individual Income Tax Return |
Tax Instruction Booklet | Arkansas Income Tax Instruction Booklet |
Form ARDD | Direct Deposit Information for Paper Returns (OBSOLETE) |
Form AR1000NR | Part Year or Non-Resident Individual Income Tax Return |
Form AR1000ES | Individual Estimated Tax Declaration Vouchers |
View all 40 Arkansas Income Tax Forms
Form Sources:
Arkansas usually releases forms for the current tax year between January and April. We last updated Arkansas Form AR1000TD from the Department of Revenue in January 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Arkansas Form AR1000TD
We have a total of thirteen past-year versions of Form AR1000TD in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023_AR1000TD_BC.pdf
2022_AR1000TD_BC.pdf
2021_AR1000TD_BC.pdf
2020_AR1000TD_BC.pdf
2019_AR1000TD_BC.pdf
2018_AR1000TD_BC.pdf
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