Supported Forms

The following Arizona forms are supported in Drake Tax 2024. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID	TEX
120	Corporation Income Tax Return		t
120/165ES	Corporation and Partnership Estimated Tax Payment		t	t	t
120/165EXT	Application for Automatic Extension of Time to File Corporation, Partnership, and Exempt Organization Returns		t	t	t		t
120/165EXT-E	Electronic Application for Automatic Extension of Time to File Corporation or Partnership Returns		t	t	t
120/165V	Corporate or Partnership Income Tax Payment Voucher		t	t	t
120/PTE-W	Estimated Tax Worksheet for Corporations & Pass-Through Entities		t	t	t		t
120A	Corporation Income Tax Return (Short Form)		t
120S	S Corporation Income Tax Return			t
120X	Amended Corporation Income Tax Return		t
122	Authorization and Consent of Subsidiary Corporation to be Included in a Consolidated Income Tax Return		t
131	Claim for Refund on Behalf of Deceased Taxpayer	t
131-SBI	Claim for Refund on Behalf of Deceased Taxpayer for Forms SBI	t
140	Resident Personal Income Tax Return	t
140A	Resident Personal Income Tax Return (Short Form)	t
140ES	Individual Estimated Income Tax Payment	t
140ES-SBI	Individual Estimated Income Tax Payment Small Business Income Tax return	t
140EZ	Resident Personal Income Tax Return (EZ Form)	t
140NR	Nonresident Personal Income Tax Return	t
140NR-SBI	Nonresident Small Business Income Tax Return	t
140PTC	Property Tax Refund (Credit) Claim	t
140PY	Part-Year Resident Personal Income Tax Return	t
140PY-SBI	Part-Year Resident Small Business Income Tax Return	t
140-SBI	Resident Small Business Income Tax Return	t
140X	Individual Amended Income Tax Return	t
140X-SBI	Small Business Amended Income Tax Return	t
141 AZ	Fiduciary Income Tax Return					t
141AZ ES	Estate or Trust Estimated Income Tax Payment					t
141AZ EXT	Application for Filing Extension for Fiduciary Returns Only					t
141AZ V	Estate or Trust Income Tax Payment Voucher					t
165	Partnership Income Tax Return				t
200	Request for Innocent Spouse Relief and Separation of Liability and Equitable Relief	t
201	Renter’s Certificate of Property Taxes Paid	t
203	Request for Injured Spouse Protection from Application of Joint Overpayment Against Spouse’s Delinquencies or Debts	t
204	Application for Filing Extension	t
204-E	Application for Filing Extension	t
204E-SBI	Extension (Electronic) Payment for Small Business Income Tax Returns	t
204-SBI	Extension Payment for Small Business Income Tax Returns	t
220/PTE	Underpayment of Estimated Tax by Corporations & Pass-Through Entities		t	t	t		t
221	Underpayment of Estimated Tax by Individuals	t
221-SBI	Underpayment of Estimated Tax for Small Business	t
285	General Disclosure/Representation Authorization Form	t	t	t	t	t
285-C	Disclosure Certification Form		t	t	t	t
285-I	Individual Income Tax Disclosure/Representation Authorization Form	t
300	Nonrefundable Corporate Tax Credits and Recapture		t	t			t
301	Nonrefundable Individual Tax Credits and Recapture	t
301-SBI	Nonrefundable Individual Tax Credits and Recapture for Small Business Income Tax returns	t
308	Credit for Increased Research Activities		t	t	t		t
308-I	Credit for Increased Research Activities – Individuals	t
308-P	Credit for Increased Research Activities – Distribution to Partners of a Partnership				t
308-S	Credit for Increased Research Activities – Distribution to Shareholders of an S Corporation			t
309	Credit for Taxes Paid to Another State or Country	t
309-SBI	Credit for Taxes Paid to Another State or Country for Small Business Income Tax Returns	t
310	Credit for Solar Energy Devices	t
312	Agricultural Water Conservation System Credit	t		t	t
312-P	Agricultural Water Conservation System Credit – Distribution to Partners				t
312-S	Agricultural Water Conservation System Credit – Distribution to Individual Shareholders of an S Corporation			t
321	Credit for Contributions to Qualifying Charitable Organizations	t
322	Credit for Contributions Made or Fees Paid to Public Schools	t
323	Credit for Contributions to Private School Tuition Organizations	t
331	Credit for Donation of School Site	t	t	t	t		t
331-P	Credit for Donation of School Site – Distribution to Partners of a Partnership				t
331-S	Credit for Donation of School Site – Distribution to Shareholders of an S Corporation			t
335	Credit for Corporate Contributions to School Tuition Organizations		t	t	t		t
335-I	Credit for Business Contributions by an S Corporation to School Tuition Organizations – Individual	t
335-P	Credit for Corporate Contributions to School Tuition Organizations – Distribution to Corporate Partners of a Partnership				t
335-S	Credit for Corporate Contributions to School Tuition Organizations – Distribution to Individual Shareholders of an S Corporation			t
336	Credit for Solar Energy Devices – Commercial and Industrial Applications	t	t	t			t
338	Credit for Investment in Qualified Small Businesses	t		t	t
338-P	Credit for Investment in Qualified Small Businesses Distribution to Partners				t
338-S	Credit for Investment in Qualified Small Businesses Distribution to Shareholders			t
340	Credit for Donations to the Military Family Relief Fund	t
348	Credit for Contributions to Certified School Tuition Organization – Individuals	t
352	Credit for Contributions to Qualifying Foster Care Charitable Organizations	t
355	Credit for Entity-Level Income Tax Paid on Your Behalf	t
470	Request for Copies of Fraudulent Returns	t
51	Consolidated or Combined Return Affiliation Schedule		t
82104	Senior Property Valuation Protection Option	t
99M	Nonprofit Medical Marijuana Dispensary Annual Information Return	t	t	t	t		t
99T	Exempt Organization Business Income Tax Return						t
AZ-140V	Individual Income Tax Payment Voucher for Electronic Filing	t
AZ-140V-SBI	Individual Income Tax Payment Voucher for Electronic Filing of Form 140-SBI	t
AZ-8879	e-File Signature Authorization	t
AZ-8879 SBI	e-File Signature Authorization – Small Business Income Tax Return	t
AZ-8879-C	e-File Signature Authorization – Corporation		t
AZ-8879-F	e-File Signature Authorization – Fiduciary					t
AZ-8879-PE	e-File Signature Authorization – Partnership				t
AZ-8879-S	e-File Signature Authorization – S Corporation			t
Claim of Right	Claim of Right – Fiduciary					t
Claim of Right	Claim of Right – Individual	t
Claim of Right	Restoration of a Substantial Amount Held Under Claim of Right – Corporate		t
Schedule A	Itemized Deduction Adjustments (Full-Year Residents)	t
Schedule A (NR)	Itemized Deductions for Nonresidents	t
Schedule A (PY)	Itemized Deductions Part-Year Residents	t
Schedule A (PYN)	Itemized Deductions for Part-Year Residents who also had Arizona Source Income During the Period of the Year While a Nonresident	t
Schedule ACA	Air Carrier Apportionment		t	t	t		t
Schedule D (165)	Partner Information				t
Schedule DFE	Disallowed Federal Expenses for Marijuana Establishments	t	t	t	t	t
Schedule K-1 (120S)	Resident and Part-Year Resident Shareholder’s Information Schedule			t
Schedule K-1 (141AZ)	Resident or Part-Year Resident Beneficiary's Share of Fiduciary Adjustment					t
Schedule K-1 (165)	Resident and Part-Year Resident Partner’s Share of Adjustment to Partnership Income				t
Schedule K-1 (NR) (120S)	Nonresident Shareholder’s Share of Income and Deductions			t
Schedule K-1 (NR) (141AZ)	Nonresident Beneficiary's Share of Income and Share of Fiduciary Adjustment					t
Schedule K-1 (NR) (165)	Nonresident and Out-of-State Partner’s Share of Income and Deductions				t
Schedule MSP	Multistate Service Provider Election and Computation		t	t	t		t

Modified Forms

• Credit limits for the following forms have been adjusted due to inflation:

  • Form 321, Credit for Contributions to Qualifying Charitable Organizations

  • Form 323, Credit for Contributions to Private School Tuition Organizations

  • Form 348, Credit for Contributions to Certified School Tuition Organizations – Individuals

  • Form 352, Credit for Contributions to Qualifying Foster Care Charitable Organizations

• Form 140, Form 140PY, Form 140NR – Standard Deduction Increase of Charitable Contributions rate increased to 33%.

• Forms 165 and 120S – Extension / Estimated Payment schedules have been updated and extension payments can now be made either online or with Form 120/165EXT. The check box "Check this box if this return is based on 52/53 week taxable has been added

• Form 354, Affordable Housing Tax Credit – "Alternate allocation" check box has been added

• Form 221, Underpayment of Estimated Tax for Individuals, and 221SB, Underpayment of Estimated Tax for Small Business Income – Interest rate beginning 1/1/2024 Ending 12/31/2024 increased to 8%. The following lines have bee renumbered:

  • Line 13 is renumbered as 13a, "Underpayment" and 13b, "Overpayment"

  • Line 15 is renumbered as 15a, "Underpayment" and 15b, "Overpayment"

• Form 300/301/301-SBI, NonrefundableTax Credits and Recapture – Repealed and sunset credits have been removed and the lines have been renumbered

• Form 308, Credit for Increased Research Activities – ASC calculation option has been added. Carryover lines have been updated.

Obsolete Form

Form 336, Credit for Solar Energy Devices - Commercial and Industrial Applications, has been retired for tax year 2024.

Tax Law Changes

• Arizona has a flat tax. The tax rate for individual income is 2.5%. The tax rate for fiduciary is 2.5%. The tax rate for small business income (SBI) is 2.5%.

• AZ 165 Schedule K-1, Resident and Part-Year Resident Partner’s Share of Adjustment to Partnership Income:

  • Gain or loss on the sale of virtual currency and non-fungible tokens (that are not excluded from AZ gross revenue) is now included on Form 165 Schedule K-1.

  • Gas fees or non-fungible token basis allowed as a subtraction (that is not included in the partnership’s virtual currency basis) is now included on Form 165 Schedule K-1.