140NR-SBI: Small Business Income Tax Return (Nonresident) (2024)
Arizona · Arizona DOR · Used for tax years 2024
Arizona Form 140NR-SBI is the 2024 Small Business Income Tax Return for Arizona nonresidents. It reports Arizona-source small business income, related additions and subtractions, tax, credits, and payments to determine the tax due or overpayment.
Who files this form
Form 140NR-SBI is Arizona’s Small Business Income Tax Return for nonresidents. The 2024 form reports small business income from Arizona sources.
The form does not state who is required to file or give a filing threshold.
What you'll need
Have your Social Security number and, if filing jointly or separately as married, your spouse’s Social Security number available.
Depending on the income, adjustments and credits you report, you may need:
- Federal Schedules B, C, D, E and F, and federal Form 4797. The income entries call for Arizona-source amounts or specified portions of those schedules.
- The NAICS code shown on your federal Schedule C.
- Arizona Form 141AZ Schedule K-1(NR), for fiduciary adjustments.
- Arizona Form 301-SBI, for credit recapture and nonrefundable credits.
- Your 2024 Arizona estimated tax payment amounts and extension payment amount from Form 204-SBI.
- Applicable credit forms, including Forms 308-I, 334 and 349 for refundable credits.
- Form 221-SBI, if reporting an estimated payment penalty.
- Form 203, if claiming Injured Spouse Protection.
Place any required federal and Arizona schedules or other documents after Form 140NR-SBI.
How to file
Complete both pages and sign and date the return. The form also provides a spouse’s signature line and a paid preparer’s signature section.
If sending a payment, include it with Form 140NR-SBI and mail to:
Arizona Department of Revenue
PO Box 52016
Phoenix, AZ 85072-2016
Make your check payable to Arizona Department of Revenue. Write your Social Security number and “140NR-SBI” on the payment.
If expecting a refund, owing no tax, or owing tax but not sending a payment, mail to:
Arizona Department of Revenue
PO Box 52138
Phoenix, AZ 85072-2138
Place required supporting documents after the return. Do not staple any items to it.
Common mistakes
- Using a different filing status. Your filing status must be the same as on Form 140, 140NR or 140PY.
- Missing the extension checkbox. Check box 82F if filing under an extension.
- Stapling documents to the return. The form says not to staple any items. Put required schedules and documents after Form 140NR-SBI.
- Marking the revenue-use-only area. Do not write in that area.
- Leaving payment details off your check. Write your Social Security number and “140NR-SBI” on the payment and include it with the return.
- Overlooking the foreign-account checkbox. Check box 67A if your direct deposit will ultimately be placed in a foreign account.
Questions people ask
What tax rate does the 2024 form use?
Line 52 calculates small business income tax by multiplying Arizona small business taxable income on line 51 by 2.5% (.025).
Can I receive my refund by direct deposit?
Yes. The form provides fields for your routing number and account number, plus a choice of checking or savings. Check box 67A if the deposit will ultimately be placed in a foreign account.
Can I apply an overpayment to next year’s estimated tax?
Yes. Line 63 lets you enter the amount of your overpayment to apply to 2025 estimated tax.
Where do I report an extension payment?
Report your 2024 Arizona extension payment from Form 204-SBI on line 58. If filing under an extension, check box 82F.
What if my calculated taxable income is negative?
Line 51 directs you to subtract lines 32 through 50 from line 27. If the result is less than zero, enter “0.”