Ar1 103 Form PDF Details

Navigating the intricacies of small business taxation in Arkansas necessitates a thorough understanding of the AR1103 form, a critical document for corporations seeking to benefit from Subchapter S election for state income tax purposes. This form serves as a bridge between a corporation's tax handling at the federal and state levels, mandating that any small business corporation opting for Subchapter S treatment under federal tax laws must mirror this election in Arkansas to maintain consistency. Its structured sections demand detailed information, including the corporation's Federal Employer Identification Number (FEIN), dates of significant company milestones, and the consent of all shareholders, evidenced through their signatures, making the election valid and enforceable. Each shareholder's commitment is further detailed by their shares or percentage ownership, ensuring transparency and accountability in this tax election process. Importantly, the form requires attachment of the IRS "NOTICE OF ACCEPTANCE AS AN S-CORPORATION" or federal Form 2553, tying federal approval directly to state tax treatment. The declaration at the end, signed under penalties of perjury, underscores the seriousness and formal nature of the election. With an in-depth look at the form AR1103, small business corporations in Arkansas can navigate their tax obligations more effectively, ensuring compliance and potentially leveraging tax benefits available under Subchapter S.

QuestionAnswer
Form NameAr1 103 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesarkansas form 1103, ak ar1103, arkansas small business corporation, ar1103

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AR1103

 

STATE OF ARKANSAS

 

 

 

Election By Small Business Corporation

 

 

 

 

 

 

Federal Employer Identification Number (FEIN)

Election is to be Effective for AR Tax Year

NAICS Code

 

 

Beginning (MM/DD/YYYY)

 

 

 

 

 

 

 

 

 

Name of Corporation (Please print or type)

 

 

 

Date of Incorporation

Date Began Business in AR

 

 

 

 

 

 

Address

 

 

 

Date of Federal S Election

State of Incorporation

 

 

 

 

 

 

City

State

 

Zip Code

Corporation’s Telephone Number

 

 

 

 

(

)

 

 

 

 

 

 

Name and Title of Officer or Legal Representative who the State may call for Additional Information

Telephone number of Officer or Legal Representative

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

 

 

Fax

 

 

 

 

 

 

(

)

 

Email

A corporation may elect Subchapter S treatment for Arkansas income tax purposes only if it has elected Subchapter S treatment for federal income tax purposes for the same tax year. The Arkansas election, with each shareholder’s consent, shall be filed with the Director of the Department of Finance and Administration on forms prescribed by the Director.

Name, Address, City, State and Zip

Shareholder’s signature. For this election to

Code of each Shareholder

be valid, all shareholders must signify their

(Please print or Type) (Required)

consent by signing below. (Required)

DO NOT WRITE IN SHADED AREAS

 

Signature

Date

Shareholder Information

# of Shares or % Owned

Check if family member

Date(s) Acquired

State of Residence

Social Security Number of Shareholder or FEIN

(if applicable)See instructions

NOTE: For this election to be valid, the consent of each stockholder must be shown on this form. If additional space is needed attach an AR1103 Supplemental consent form. Attach a copy of the IRS “NOTICE OF ACCEPTANCE AS AN S-CORPORATION” or FEDERAL FORM 2553 to Form AR1103.

Under penalties of perjury, I declare this Election is duly authorized and that the statements made to the best of my knowledge and belief are true, correct and complete statements.

Officer’s Signature

Officer’s Title

Date

See Instructions-Important Notes

Mail Completed Form to: Corporation Income Tax Section, P.O.Box 919, Little Rock, AR 72203-0919

AR1103 (R 08/17/2017)

Incomplete Elections will be denied and will delay approval

STATE OF ARKANSAS

Election By Small Business Corporations

AR1103 Supplemental Shareholder’s Consent Form

Name of Corporation

 

 

 

Federal Employer Identification Number (FEIN)

 

 

 

 

 

 

 

 

Name, Address, City, State and Zip

Shareholder’s signature. For this election

 

 

 

 

 

code of each Shareholder.

to be valid, all shareholders must signify

 

 

Shareholder Information

(Please type or print)

consent by signing below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

# of Shares or % Owned

Check if family member

 

 

Social Security Number of

DO NOT WRITE IN SHADED AREAS

 

 

 

State of Residency

Shareholder or FEIN

 

 

Date(s) Acquired

 

 

 

 

 

 

Signature

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTE: Attach this supplemental consent form to the original AR1103 Election By Small Business Corporation form.

Mail completed Form to: Corporation Income Tax Section, P.O.Box 919, Little Rock, AR 72203-0919

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Be mindful while completing this pdf. Make sure each and every field is done correctly.

1. You will need to complete the ar1103 form accurately, so pay close attention when working with the segments including these blanks:

Writing section 1 of ak ar1103

2. Now that the previous section is complete, you're ready to include the needed particulars in Do Not write in shaded areas, Signature, Date, m a f f i k c e h C, r e b m e m, f o , d e n w O , a D, d e r i u q c A, e c n e d s e R, f o e t a t S, NOTE For this election to be valid, Officers Title, and Date so you can proceed to the next stage.

Filling in section 2 in ak ar1103

You can easily make an error while filling in the r e b m e m, so be sure you reread it before you decide to finalize the form.

3. This subsequent part is fairly simple, Name of Corporation, Federal Employer Identification, Name Address City State and Zip, Shareholders signature For this, Shareholder Information, Do Not write in shaded areas, r o s e r a h S, f o , d e n w O , l i, m a f f i k c e h C, r e b m e m, d e r i u q c A, s e t a D, and y c n e d s e R - each one of these blanks will need to be completed here.

Part number 3 of filling in ak ar1103

4. The subsequent subsection requires your attention in the following areas: NOTE Attach this supplemental, and Mail completed Form to Corporation. Be sure to enter all required information to go onward.

NOTE Attach this supplemental, NOTE Attach this supplemental, and Mail completed Form to Corporation inside ak ar1103

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