Arkansas Form Help
The following information has been provided to assist in the preparation of Arkansas returns.
Extension requests and tax payments are not accepted electronically via third party software and therefore must be filed directly with the state. Visit www.atap.arkansas.gov to make estimated payments or payments of tax due.
The due date for the Arkansas return is automatically extended to the due date of the related federal return when an automatic federal extension is granted.
The information included on each worksheet attached to Form AR1100CT, Form AR1100S, or Form AR1050 is included in the e-file as Additional Information.
Every corporation organized or registered in Arkansas, or that has income from Arkansas sources, must file Form AR-1100CT. A pass-through entity may choose to file Form AR1100CT in lieu of Form AR1050 by checking the boxes provided for limited liability companies and partnerships on this form. Federal Form 1120S filers that have not registered and been accepted to be recognized as an S corporation by the state of Arkansas are also required to file Form AR1100CT.
The due date for Form AR1100CT corresponds to the related federal return, generally on the fifteenth day of the third month following the close of the tax year. Cooperative Association returns are due on or before the fifteenth day of the ninth month following the close of the tax year. Exempt organizations are due on the fifteenth day of the fifth month.
If the checkbox to load the allocation and apportionment worksheet is checked on the Client Data screen, the Multistate corporation – apportionment filing status is selected. If the checkbox to load the allocation and apportionment worksheet on the Client Data screen is not checked, the corporation operating only in Arkansas is selected. Consolidated returns are not supported in CrossLink. If the multistate corporation is approved to use the direct accounting method, check the checkbox to load the allocation and apportionment worksheet on the Client Data screen and the appropriate box on Form AR1100CT.
Direct Accounting Method %%ARC10310 %%ARC10380 %%ARC10500
When the Multistate corporation using direct accounting filing status is used, the Arkansas amounts available on the Multistate Allocation and Apportionment Information worksheet are transferred. Amounts that cannot be entered on the Multistate Allocation and Apportionment Information worksheet must be directly entered on this form. Information provided on the asset worksheet under Depreciation is used in calculating the Arkansas amounts for depreciation and cost of goods sold. The state data provided on the Asset Worksheets in the Depreciation tab of the return forms and schedules is assumed to apply for Arkansas. Worksheets are provided for other income and other deductions.
Payments and Credits %%ARC10580 %%ARC10590
Payments of estimated tax, amounts paid with an extension, and prior year overpayment credited to the state of Arkansas flow from the State Taxes Paid Worksheet on the Financials - Income Statement when the state ID entered is “AR”.
This schedule is calculated from the data provided in the Multistate Allocation and Apportionment Information worksheet and the Financials – Balance Sheet in the General section of the return. Worksheets are provided for addition and deduction adjustments to the federal income to be apportioned. Real rental property is calculated as 8 times the amount reported on the Multistate Allocation and Apportionment Information worksheet. Manual entry is required for the intangible assets for financial institutions. Nonbusiness and partnership income allocated to Arkansas on the Multistate Allocation and Apportionment Information worksheet is transferred to the worksheet provided for direct income allocated to Arkansas when the nonbusiness codes are used. If Arkansas net operating is recorded on Form AR1100NOL, complete the apportionment factor for each loss year on the provided worksheet to claim the apportioned net operating loss. If this schedule is used, lines 9 through 31 of this form will be intentionally cleared.
Form AR1100REC is calculated from the data provided on the Financials – Income Statement, federal Form 4562, and the asset worksheets completed for depreciable assets. The state data provided on the Asset Worksheets in the Depreciation tab of the return forms and schedules is assumed to apply for Arkansas.
Use Form AR1100BIC to claim any Arkansas Business Incentive Tax Credits. Choose the BIC code from the list provided and enter the amount. The required copies of the Certificates of Tax Credit for credits authorized under the Consolidated Incentive Act can be attached to the e-filed return as PDF attachments.
Use Form AR1100-CO to claim check-off contributions. If there is a refund due on Form AR1100-CT, the refund may be allocated to the desired programs. To apply a refund to the check-off contributions, this form must be filed with the return. If there is no refund on Form AR1100-CO, this from must be mailed independently with a separate check to Arkansas Corporation Income Tax, P O Box 919, Little Rock, AR 72203-0919.
Use Form AR1100NOL to claim Arkansas net operating loss on Form AR1100CT. Enter any net operating loss from each of the five prior tax years and any of the those net operating losses claimed in a prior year. The amount eligible to be claimed in the current year is calculated based on the current taxable income and the prior loss information provided.
Form AR2220 is used to determine if enough estimated tax was paid. Payments of estimated tax and prior year overpayment credited to the state of Arkansas flow from the State Taxes Paid Worksheet on the Financials - Income Statement when the state ID entered is “AR”. If none of the exceptions listed are checked, the penalty due will be calculated based on information provided in the return. If From AR2220A is present in the return, the required payments are calculated from that form.
If income was earned on a varied basis, use this form to calculate the required estimates. Enter the taxable income for the periods requested.
Use Form AR1100ESCT to calculate the estimated tax payments to be made for the following tax year. Estimated tax payments are required if the corporation expects to have an Arkansas tax liability for the year in excess of $1,000. CrossLink calculates the due date and payments based on the tax year beginning date of the tax year provided on the Client Data screen and the estimated tax due provided. If the estimated tax liability is equal to or greater than $20,000 are required to make the payments by Electronic Funds Transfer (EFT); contact the state for registration. Note that estimated payments are not accepted electronically via third party software and therefore must be filed directly with the state. If not required to pay by EFT, visit www.atap.arkansas.gov to make the estimated payments, or mail the vouchers and payments to the address provided.
Use Form 1155 to request a 60 day extension beyond the federal extended due date or a 180 day extension beyond the original due date to file the Arkansas return if no federal extension has been granted. Arkansas adopts the federal due date of the return if an automatic extension has been granted. This form must be filed by the due date of the original return. This form is not accepted electronically via third party software and therefore must be filed directly with the state. Visit www.atap.arkansas.gov to make any corresponding payment electronically, or mail the form and payment to the address provided.
Every corporation organized or registered in Arkansas or that has income from Arkansas sources and that has been registered and accepted to be recognized as an S corporation with both the IRS and the state of Arkansas must file Form AR1100S.
Form AR1100S is due on or before the fifteenth day of the third month following the close of the tax year.
If the checkbox to load the allocation and apportionment worksheet is checked on the Client Data screen, the Multistate corporation – apportionment filing status is selected. If the checkbox to load the allocation and apportionment worksheet on the Client Data screen is not checked, the corporation operating only in Arkansas is selected. If the multistate corporation is approved to use the direct accounting method, check the checkbox to load the allocation and apportionment worksheet on the Client Data screen and the appropriate box of Form AR1100S. If the S corporation has qualified subchapter s subsidiaries, check the appropriate box and list the QSSS entities on the worksheet provided.
Arkansas Schedule K Income and Deductions %%ARS10310
A worksheet for calculating the Arkansas Schedule K income to be allocated among the shareholders is provided. Review the Arkansas amounts calculated and enter any other amounts.
Direct Accounting Method %%ARS10320 %%ARS10340 %%ARS10500 %%ARS10700
When the Multistate corporation using direct accounting filing status is used, the Arkansas amounts available on the Multistate Allocation and Apportionment Information worksheet are transferred. Amounts that cannot be entered on the Multistate Allocation and Apportionment Information worksheet must be directly entered on this form. Information provided on the asset worksheet under Depreciation is used in calculating the Arkansas amounts for depreciation and cost of goods sold. The state data provided on the Asset Worksheets in the Depreciation tab of the return forms and schedules is assumed to apply for Arkansas. Worksheets are provided for cost of goods sold, other income, and other deductions.
Excess Net Passive Income Tax %%ARS10750
If the S corporation has taxable income and C corporation earnings and profits at the close of the tax year, the corporation must pay tax on the passive investment income that is in excess of 25% of the gross receipts. Complete the Arkansas Excessive Net Passive Income Tax Worksheet to determine the excess net passive income tax due. A worksheet calculating the taxable income under Form AR1100CT rules based on the federal Form 1120S Excess Net Passive Income Tax Worksheet is provided.
Payments and Credits %%ARS10780
Payments of estimated tax and prior year overpayment credited to the state of Arkansas flow from the State Taxes Paid Worksheet on the Income Statement when the state ID entered is “AR”.
Worksheets are provided for providing detailed information on the interest, dividends, and capital gain or loss; details must be provided to avoid rejection of an e-filed return. Worksheets containing additional information on rental income, other income, and other expenses are provided and calculated from the federal return.
This schedule is calculated from the data provided in the Multistate Allocation and Apportionment Information worksheet and the Financials – Balance Sheet in the General section of the return. Real rental property is calculated as 8 times the amount reported on the Multistate Allocation and Apportionment Information worksheet. Manual entry is required for the intangible assets for financial institutions. Nonbusiness and partnership income allocated to Arkansas on the Multistate Allocation and Apportionment Information worksheet is transferred to the worksheet provided for direct income allocated to Arkansas when the nonbusiness codes are used. If this schedule is used, the Arkansas column lines 7 through 26 of this form will be intentionally cleared.
This schedule is calculated from the information provided on Form 1120S Schedule D. Part A is not supported due to a lack of equivalent federal source information as the capital gains tax was removed from Form 1120S Schedule D in 2002.
Every partnership and limited liability company treated as a partnership for federal purposes must file Form AR1050 if not using the check the box election to file Form AR1100CT.
Form AR1050 is due by the fifteenth day of the fourth month following the end of the tax year.
Arkansas income must be determined by the direct accounting method of allocation. If the checkbox to load the allocation and apportionment worksheet is checked on the Client Data screen, the Arkansas amounts available on the Multistate Allocation and Apportionment Information worksheet are transferred. Amounts that cannot be entered on the Multistate Allocation and Apportionment Information worksheet must be directly entered on this form. Worksheets are provided for detailed information about interest, dividends, capital gain or loss, other income, depreciation, and other deductions. Information provided on the asset worksheet under Depreciation is used in calculating the Arkansas amounts for depreciation, rental income, and cost of goods sold. The state data provided on the Asset Worksheets in the Depreciation tab of the return forms and schedules is assumed to apply for Arkansas.
The information for each partner is calculated from the Arkansas Schedule K-1.
This schedule calculates from federal Form 1125-A. Information provided on the asset worksheet under Depreciation is used in calculating the Arkansas depreciation in cost of goods sold.
This schedule is calculated from the Financials – Balance Sheet in the General section of the return. The balance sheet must be completed for the Arkansas return.
Arkansas Schedule K-1 shows the Arkansas income, deductions, and other information for each member. This form is completed based on the federal K-1 and the Arkansas return information. Enter the Arkansas credit on the line provided. A worksheet is provided for Arkansas other information.
Form AR1103 is used to elect to be treated as an Arkansas S Corporation. A copy of the IRS “Notice of Acceptance as an S-Corporation” must be included with this election. The completed form must be mailed within the first seventy five days of the tax year to Corporation Income Tax Section, P.O. Box 919, Little Rock, AR 72203-0919. The election remains in effect unless it is terminated under provision of the law.
Form 8453 is the electronic signature form. It is an affidavit in which the taxpaying entity`s representative attests to the truth of the information found on the declaration and attached return. A signed copy of this form must be retained for 3 years from the original due date of the return.