Official Resolution Form For S Corporation In Phoenix
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You can do something about those penalties Your tax pro may be able to help you with S corporation and partnership late-filing penalties by requesting: Penalty abatement due to reasonable cause. Penalty abatement due to first-time penalty abatement or a clean compliance history.
An S Corporation licensed by ADHS as a Dual Use Licensee (Dual Use) that elected to operate on a for-profit basis, must file an Arizona Form 120S to report the income and expenses of ALL its operations for the taxable year.
There is a difference between how California treats businesses vs federal. For example, an S Corporation's 2024 tax return due date is: Calendar tax year: March 15, 2025. Fiscal tax year: the 15th day of 3rd month after end of their tax year.
The late filing penalty is 4.5% (. 045) of the amount of tax required to be shown on the return.
Step 1: Name Your Arizona LLC. Step 2: Choose a Statutory Agent. Step 3: File the Arizona Articles of Organization. Step 4: Complete Arizona LLC Publication Requirement. Step 5: Create an Operating Agreement. Step 6: File Form 2553 to Elect Arizona S Corp Tax Designation.
