Instructions for Form AR K-1 Owner's Share of Income, Deductions, Credits, Etc. - Arkansas

This document contains official instructions for Form AR K-1 , Owner's Share of Income, Deductions, Credits, Etc. - a form released and collected by the Arkansas Department of Finance & Administration.

FAQ

Q: What is Form AR K-1?A: Form AR K-1 is a document used by owners or partners of a business in Arkansas to report their share of income, deductions, credits, etc.

Q: Who needs to file Form AR K-1?A: Owners or partners of a business in Arkansas need to file Form AR K-1.

Q: What information is reported on Form AR K-1?A: Form AR K-1 reports the owner or partner's share of income, deductions, credits, etc. from the business.

Q: Can Form AR K-1 be filed electronically?A: Yes, Form AR K-1 can be filed electronically through the Arkansas Department of Finance and Administration's eFile system.

Q: When is the deadline to file Form AR K-1?A: The deadline to file Form AR K-1 is the same as the deadline for filing your Arkansas income tax return, which is typically April 15th.

Q: Are there any penalties for late filing of Form AR K-1?A: Yes, there may be penalties for late filing of Form AR K-1. It is important to file on time to avoid penalties.

Q: Can I amend my Form AR K-1 if I made a mistake?A: Yes, if you made a mistake on your Form AR K-1, you can file an amended return using Form AR-3.

Q: Do I need to include a copy of Form AR K-1 with my personal income tax return?A: Yes, you should include a copy of your Form AR K-1 with your personal income tax return.

Q: Who can I contact for more information or assistance with Form AR K-1?A: You can contact the Arkansas Department of Finance and Administration for more information or assistance with Form AR K-1.