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Arkansas follows the IRS standards for estimated payments. If you will owe $1000 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won't make as much in the current year.

State Tax Forms The Arkansas Department of Finance and Administration distributes Arkansas tax forms and instructions in the following ways: In Person: Arkansas Revenue Office, 206 Southwest Drive, Jonesboro, AR. Phone: Arkansas Revenue Office, 870-932-2716 (Jonesboro) 1-800-882-9275 (Little Rock)

The Arkansas Form AR1000F (2023) is the official tax return used by full-year residents of Arkansas to report their income and calculate their state income tax liability for the tax year 2023.

Arkansas imposes sales tax on all purchases of tangible personal property unless a specific exemption applies. Services are taxable only if the service is specifically enumerated by law as a taxable service. Use tax was designed to assure fair competition between Arkansas businesses and their out-of- state competitors.

Exemptions/Reductions Exemptions from Sales and Use Taxes. Company Childcare Facilities. Recycling Equipment. Replacement and Repair of Manufacturing Machinery and Equipment Sales and Use Tax Refund. Sales Tax Exemption on Electricity, Natural Gas, and Coal. Tuition Reimbursement.

The Arkansas Department of Finance and Administration distributes Arkansas tax forms and instructions in the following ways: In Person: Arkansas Revenue Office, 206 Southwest Drive, Jonesboro, AR. Phone: Arkansas Revenue Office, 870-932-2716 (Jonesboro) 1-800-882-9275 (Little Rock)

Some items are exempt from sales and use tax, including: Sales of certain food products for human consumption. Sales to the U.S. Government. Sales of prescription medicine and certain medical devices.

Businesses and individuals should pay Use Tax if they: Purchased items outside Arkansas that would be taxable if purchased in Arkansas (including items from catalogues, TV advertisements, magazines, the Internet, etc.) Use, store, consume, or distribute these items in Arkansas, and.

How to Calculate Sales Tax. Multiply the price of your item or service by the tax rate. If you have tax rate as a percentage, divide that number by 100 to get tax rate as a decimal. Then use this number in the multiplication process.