arizona state tax return 2012 gina kritchevsky 11/13/2012
TRANSCRIPT
Arizona State Arizona State Tax Return Tax Return
20122012
Gina KritchevskyGina Kritchevsky11/13/201211/13/2012
Arizona Intake Sheet
Arizona Intake Sheet (Cont.)
Arizona Tax ReturnArizona Tax Return
Arizona Filing Arizona Filing Requirements Requirements
Federal Adjusted Income Federal Adjusted Income Determining Your Arizona Determining Your Arizona
Filing Status Filing Status Dependents Dependents Qualifying Parents and Qualifying Parents and
Ancestors of Your Parents Ancestors of Your Parents Personal Exemption Chart Personal Exemption Chart Standard Deduction Chart Standard Deduction Chart Dependent Exemption Dependent Exemption
Chart Chart
Additions to Federal Additions to Federal Adjusted Gross Income Adjusted Gross Income
Unpaid Use TaxUnpaid Use Tax Subtractions from Subtractions from
Federal Adjusted Gross Federal Adjusted Gross Income Income
Tax Credits, ET, PTCTax Credits, ET, PTC Arizona Form 321 Arizona Form 321 Arizona Form 322 Arizona Form 322 Arizona Form 323Arizona Form 323 Arizona Form 309 Arizona Form 309 Taxation of Native Taxation of Native
Americans Americans
Arizona Filing Arizona Filing RequirementsRequirements
You must file if you are:
AND your Arizona adjusted gross income is at least:
OR your gross income is at least:
Single $5,500 $15,000
Married filing jointly $11,000 $15,000
Married filing separately
$5,500 $15,000
Head of Household $5,500 $15,000
Arizona IncomeArizona Income
Arizona Filing StatusArizona Filing Status
Personal Exemption of Personal Exemption of Children Children
Claimed as Dependents Claimed as Dependents
Arizona Personal ExemptionsArizona Personal Exemptions
Qualifying Ancestor Qualifying Ancestor Exemption Exemption
Qualifying Ancestor Qualifying Ancestor Exemption Exemption
Lines A3a and A3b & Lines A3a and A3b & A4A4
AZ140 Page 2
Personal Exemption Personal Exemption ChartChart
Filing status Exemption Amount
Single $2,100
Married filing jointly $4,200
Married filing jointly with dependents
$6,300
Head of Household – not married
$4,200
Head of Household – married $3,150
Married filing separately – no dependents
$2,100
Married filing separately – dependents
$3,150
Unpaid Arizona Use Unpaid Arizona Use TaxTax
Additions to Federal Additions to Federal Adjusted Gross IncomeAdjusted Gross Income
Line B6 - Non-Arizona Municipal InterestLine B6 - Non-Arizona Municipal Interest
Line B7 - Early Withdrawal of Arizona State, County, Line B7 - Early Withdrawal of Arizona State, County, City or School Retirement System ContributionsCity or School Retirement System Contributions
Line B8 - Ordinary Income Portion of Lump Sum Line B8 - Ordinary Income Portion of Lump Sum Distribution Excluded on the Federal ReturnDistribution Excluded on the Federal Return
Line B9 - Total Federal DepreciationLine B9 - Total Federal Depreciation
Line B10 - Medical Savings Account (MSA) Distributions Line B10 - Medical Savings Account (MSA) Distributions Withdrew Funds from MSA for Non Qualified Withdrew Funds from MSA for Non Qualified
Expenses Expenses Named Beneficiary is Not the Named Beneficiary is Not the Decedent’s Surviving Spouse Decedent’s Surviving Spouse Decedent’s Final Decedent’s Final Return and No Named MSA BeneficiaryReturn and No Named MSA Beneficiary
AZ140 Page 2
Subtractions from Subtractions from Federal Adjusted Gross Federal Adjusted Gross
IncomeIncome Line C14 - Exemption: Age 65 or OverLine C14 - Exemption: Age 65 or Over
Line C15 - Exemption: BlindLine C15 - Exemption: Blind
Line C16 - Exemption: DependentsLine C16 - Exemption: Dependents
Line C17 - Exemption: Qualifying Parents and AncestorsLine C17 - Exemption: Qualifying Parents and Ancestors
Line C19 - Interest on U.S. ObligationsLine C19 - Interest on U.S. Obligations
Line C20 - Exclusion for U.S. Government, Arizona State or Local Line C20 - Exclusion for U.S. Government, Arizona State or Local Government PensionsGovernment Pensions
Line C21 - Arizona Lottery WinningsLine C21 - Arizona Lottery Winnings
Line C22 - Social Security Benefits or Railroad Retirement BenefitsLine C22 - Social Security Benefits or Railroad Retirement Benefits
Line C23 - Recalculated Arizona DepreciationLine C23 - Recalculated Arizona Depreciation
Line C24 - Certain Wages of American IndiansLine C24 - Certain Wages of American Indians
Line C25 - Income Tax Refund from Other StatesLine C25 - Income Tax Refund from Other States Line C26 - Deposits and Employer Contributions to MSAsLine C26 - Deposits and Employer Contributions to MSAs Line C27 - Construction of an Energy Efficient ResidenceLine C27 - Construction of an Energy Efficient Residence Line C28 – Compensation Received for Active Service as a Member of Line C28 – Compensation Received for Active Service as a Member of
the Reserves, National Guard or the U.S. Armed Forcesthe Reserves, National Guard or the U.S. Armed Forces
AZ140 Page 2
Selected Tax CreditsSelected Tax Credits
Credit Type Form Single Max
MFJ Max
Credit recapture form Form 301
Taxes paid to another state or country Form 309
Contributions to Charities that provide assistance to the Working Poor
Form 321
$200 $400
Contributions Made or Fees Paid to Public Schools
Form 322
$200 $400
Contributions to Private School Tuition Organizations
Form 323
$503 $1,006
Credit for Contributions to Military Family Relief Fund
Form 340
$200 $400
Credit for Qualified Health Insurance Plans
Form 347
Contributions to Certified School Tuition Organizations
Form 348
$500 $1,000
Arizona Form 321Arizona Form 321
AZ Form 321
Arizona Form 301Arizona Form 301
Form 301 is only a Recapture of Form 301 is only a Recapture of all the Nonrefundable Creditsall the Nonrefundable Credits
Arizona Form 322Arizona Form 322
Arizona Form 322Arizona Form 322
Extra curricular Extra curricular activities may include:activities may include:
use of band uniformsuse of band uniforms use of equipment or use of equipment or
uniforms for varsity uniforms for varsity athleticsathletics
use of scientific use of scientific laboratory equipment laboratory equipment or materialsor materials
in state or out-of-state in state or out-of-state trips that are solely for trips that are solely for competitive events.competitive events.
a nongovernmental a nongovernmental schoolschool
a pre-schoola pre-school a community collegea community college a universitya university a public school located a public school located
outside of Arizonaoutside of Arizona
AZ Form 322
Arizona Form 323Arizona Form 323
AZ Form 323
Arizona Form 347Arizona Form 347
Arizona Form 340Arizona Form 340
Arizona Form 348Arizona Form 348
Arizona Form 309Arizona Form 309
Arizona residents are allowed a credit income Arizona residents are allowed a credit income taxes paid to another state or country if :taxes paid to another state or country if :
1.1. The income taxed in Arizona is derived from sources within another The income taxed in Arizona is derived from sources within another state or country that is subject to tax in the other state or country state or country that is subject to tax in the other state or country regardless of your residence. regardless of your residence.
2.2. The other state or country does not allow Arizona residents a credit The other state or country does not allow Arizona residents a credit for taxes imposed on income subject to tax in both Arizona and the for taxes imposed on income subject to tax in both Arizona and the other state or country. other state or country.
As an Arizona resident, As an Arizona resident, nonresident returns filed nonresident returns filed with the following states qualify for the credit: with the following states qualify for the credit:
Alabama, Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, Alabama, Arkansas, Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota*, Mississippi, Missouri, Massachusetts, Michigan, Minnesota*, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Mexico, New York, North Montana, Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Utah, Vermont, West Virginia and Wisconsin. Island, South Carolina, Utah, Vermont, West Virginia and Wisconsin.
Other CreditsOther Credits
Family income tax credit,Family income tax credit,
Property tax credit,Property tax credit,
Credit for increased excise taxes,Credit for increased excise taxes,
Clean Elections Fund tax credit has been Clean Elections Fund tax credit has been repealedrepealed
140 PTC140 PTC
Resident for entire yearResident for entire year
65 or older by 12/31/2012 or received SSI Title 1665 or older by 12/31/2012 or received SSI Title 16
Total household income < $3,751 if you lived Total household income < $3,751 if you lived alone or alone or <$5,501 if others lived with you<$5,501 if others lived with you
You Paid property tax or rent on your main homeYou Paid property tax or rent on your main home
You must attach form 201 if a renter andYou must attach form 201 if a renter and
Proof of tax paid if an ownerProof of tax paid if an owner
Form 140ETForm 140ET
Credit for increased excise taxCredit for increased excise tax Arizona resident during 2012Arizona resident during 2012 Not claimed as a dependentNot claimed as a dependent Not sentenced to prison for > 59 days of Not sentenced to prison for > 59 days of
20122012 Federal AGI Federal AGI
$25,000 or less if MFJ or HOH$25,000 or less if MFJ or HOH $12,500 or less if single$12,500 or less if single $12,500 or less if MFS$12,500 or less if MFS
Family Income Tax Family Income Tax CreditCredit
A “non refundable” creditA “non refundable” credit
Taxation of Native Taxation of Native AmericansAmericans
Taxation of Native Taxation of Native AmericansAmericans
Interest & Dividend PaymentsInterest & Dividend PaymentsNot included in Arizona income even if the bank is Not included in Arizona income even if the bank is
located off the reservation. located off the reservation.
Per Capita PaymentsPer Capita PaymentsNot taxable if living on the reservation. Not taxable if living on the reservation.
Per Capita Payments to DependentsPer Capita Payments to DependentsNot taxable for Dependents living temporarily off Not taxable for Dependents living temporarily off
the reservation, such as students at college, if the the reservation, such as students at college, if the dependent’s parents live on the reservation, and the dependent’s parents live on the reservation, and the dependent’s home is located on that reservation.dependent’s home is located on that reservation.
Gambling WinningsGambling WinningsNot included in Arizona income if the casino is on Not included in Arizona income if the casino is on
the tribal member’s reservation, the tribe owns the the tribal member’s reservation, the tribe owns the casino, and the tribal member lives on the reservation. casino, and the tribal member lives on the reservation.
Clean Elections Fund Tax Reduction
RepealedThe $5 ($10 MFJ) designated for
the Clean Elections Fund has been repealed.
Tax Treatment of Income or Loss from a Qualified Nonprofit
Mediacal Marijuna Dispensaries
For taxpayers who are registered as an Arizona sole proprietorship with the Arizona Department of Health Services to operation in Arizona as a nonprofit medical marijuana dispensary, a subtraction is allowed for income from the dispensary that is included in the computation of the taxpayer’s federal adjusted gross income. However, fi the dispensary had a loss that is included in the computation of the federal adjusted gross income, the taxpayer must add back the amount of the loss.