140PY-SBI: Small Business Income Tax Return (Part-Year Resident) (2024)
Arizona · Arizona DOR · Used for tax years 2024
Arizona Form 140PY-SBI is the 2024 Small Business Income Tax Return for Arizona part-year residents. It reports small business income, related additions and subtractions, tax, credits, and payments to determine tax due or an overpayment.
Who files this form
Form 140PY-SBI is the 2024 Small Business Income Tax Return for Arizona part-year residents. The supplied form does not state income thresholds or other rules for determining who must file it.
What you'll need
Depending on the income, adjustments, payments, and credits you report, have these items available:
- Federal Schedules B, C, D, E, and F, and federal Form 4797, as applicable. Line 5b asks for the NAICS code shown on Schedule C.
- Arizona Form 141AZ Schedule K-1 or Schedule K-1(NR), if reporting a fiduciary adjustment.
- Arizona Form 301-SBI, if reporting nonrefundable credits or tax from credit recapture.
- Records of your 2024 Arizona estimated tax payments and extension payment, including Form 204-SBI.
- Applicable credit forms and adjustment schedules referenced on the return, such as Forms 308-I, 334, 349, and 221-SBI.
- Your routing and account numbers if requesting direct deposit.
Place any required federal and Arizona schedules or other documents after Form 140PY-SBI. Do not staple anything to the return.
How to file
Complete the return and sign and date it in the signature area. Check box 82F if filing under an extension.
If you are sending a payment, include it with Form 140PY-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 “140PY-SBI” on the payment.
If you expect a refund, owe no tax, or owe tax but are not sending a payment, mail to:
Arizona Department of Revenue
PO Box 52138
Phoenix, AZ 85072-2138
The supplied text does not provide e-filing directions.
Common mistakes
- Do not mark the area labeled “REVENUE USE ONLY.”
- Use the same filing status as on Form 140, 140NR, or 140PY.
- Enter your Social Security number or numbers where requested.
- Do not staple any items to the return. Place required supporting documents after the form.
- Remember to sign the return.
- If sending a payment, write your Social Security number and “140PY-SBI” on it and include it with the return.
Questions people ask
How is the small business income tax calculated?
Line 54 directs you to multiply the Arizona small business taxable income on line 53 by 2.5% (.025). Later lines account for credit recapture, credits, payments, and any estimated payment penalty.
Can I apply an overpayment to next year's estimated tax?
Yes. Line 65 lets you enter the amount of your overpayment to apply to 2025 estimated tax.
Can I receive my refund by direct deposit?
Yes. The form provides spaces for your routing and account numbers and asks you to select checking or savings. Check box 69A if the deposit will ultimately be placed in a foreign account.
What if my calculated taxable income is negative?
Line 53 says to enter “0” if subtracting lines 33 through 52 from line 28 gives a result below zero.