Instructions for "Annual Corporation Franchise Tax Report" - Arkansas

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Download Instructions for "Annual Corporation Franchise Tax Report" - Arkansas

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ARKANSAS ANNUAL FRANCHISE TAX REPORT – Corporation
DUE ON OR BEFORE MAY 1
Business and Commercial Services, P.O. Box 8014, Little Rock, Arkansas 72203
Mail Payment To:
Online Filing, Payment, and Information: www.sos.arkansas.gov
Phone: 501-682-3409 or Toll Free: 888-233-0325
WHO FILES ANNUAL FRANCHISE TAX REPORTS: All domestic and foreign corporations, associations,
organizations, and companies constituting a separate legal entity of relationship with the purpose of
obtaining a privilege or franchise which is not allowed to them as individuals except those exempted by
A.C.A. § 26-54-102. The only exemptions are nonprofit corporations, which are organizations exempt from
the federal income tax, or organizations formed pursuant to the Uniform Partnership Act, A.C.A. § 4-46-
101 et seq., or the Uniform Limited Partnership Act, A.C.A. § 4-47-101 et seq.
Business Name and Address: The domestic corporation’s name as it appears in the Articles of
1.
Incorporation or the foreign corporation’s name as it appears in the Application for Certificate of Authority.
DOMESTIC CORPORATION: A corporation that has filed its original Articles of Incorporation in
a)
Arkansas.
FOREIGN CORPORATION: A corporation that has filed its original articles of incorporation anywhere
b)
other than Arkansas and has qualified to receive a Certificate of Authority in Arkansas.
Tax Contact Name, Address, and Contact Information: Person or firm designated to receive the
2.
corporation’s annual franchise tax reporting notifications. Please provide a name, address, phone number,
and email address.
RESPONSIBILITY: Corporations not receiving a form by March 20 must make a written request for
a)
paper forms. Fillable PDF forms can be downloaded, or franchise taxes can be filed online, through
the Secretary of State’s website at www.sos.arkansas.gov. All corporations must comply with the
May 1 due date.
REPORTING YEAR: The year in which the report is due.
b)
TAX YEAR: The year ending December 31 preceding the reporting year.
c)
TAX COMPUTED IN ERROR: Underpayment will be billed to the corporation. Requests for refunds
d)
must be submitted with proof to the Secretary of State's Business and Commercial Services Division
at the above address.
EXTENSIONS: Acts 1046 and 1140 of 1991 eliminated the opportunity to request an extension. ALL
e)
REPORTS ARE DUE ON OR BEFORE MAY 1.
FAILURE TO FILE REPORT: Per A.C.A. § 26-54-107 and 114, corporations shall pay an additional
f)
penalty plus interest for late filing of the report or late payment of the tax. In order to be considered
timely, tax reports and payments must be received by the Secretary of State's office no later than
the close of business on May 1 or must be postmarked by the United States Postal Service no later
than midnight on May 1. Postage meter dates are not acceptable for the purpose of determining the
timely receipt of a tax form and/or payment. See A.C.A. § 26-18-105.
Calculate late franchise taxes, interest, and penalties:
A. Original Tax (Due May 1)
$____________________
Late Filing Penalty
+ $25.00
Tax and Penalty otal
= $____________________
D. Interest:
= $____________________
(C) x .000274 x (# of Days Deficient)
E. Total Tax Due:
= $____________________
(C)+(D)
Rev. 1 /1
ARKANSAS ANNUAL FRANCHISE TAX REPORT – Corporation
DUE ON OR BEFORE MAY 1
Business and Commercial Services, P.O. Box 8014, Little Rock, Arkansas 72203
Mail Payment To:
Online Filing, Payment, and Information: www.sos.arkansas.gov
Phone: 501-682-3409 or Toll Free: 888-233-0325
WHO FILES ANNUAL FRANCHISE TAX REPORTS: All domestic and foreign corporations, associations,
organizations, and companies constituting a separate legal entity of relationship with the purpose of
obtaining a privilege or franchise which is not allowed to them as individuals except those exempted by
A.C.A. § 26-54-102. The only exemptions are nonprofit corporations, which are organizations exempt from
the federal income tax, or organizations formed pursuant to the Uniform Partnership Act, A.C.A. § 4-46-
101 et seq., or the Uniform Limited Partnership Act, A.C.A. § 4-47-101 et seq.
Business Name and Address: The domestic corporation’s name as it appears in the Articles of
1.
Incorporation or the foreign corporation’s name as it appears in the Application for Certificate of Authority.
DOMESTIC CORPORATION: A corporation that has filed its original Articles of Incorporation in
a)
Arkansas.
FOREIGN CORPORATION: A corporation that has filed its original articles of incorporation anywhere
b)
other than Arkansas and has qualified to receive a Certificate of Authority in Arkansas.
Tax Contact Name, Address, and Contact Information: Person or firm designated to receive the
2.
corporation’s annual franchise tax reporting notifications. Please provide a name, address, phone number,
and email address.
RESPONSIBILITY: Corporations not receiving a form by March 20 must make a written request for
a)
paper forms. Fillable PDF forms can be downloaded, or franchise taxes can be filed online, through
the Secretary of State’s website at www.sos.arkansas.gov. All corporations must comply with the
May 1 due date.
REPORTING YEAR: The year in which the report is due.
b)
TAX YEAR: The year ending December 31 preceding the reporting year.
c)
TAX COMPUTED IN ERROR: Underpayment will be billed to the corporation. Requests for refunds
d)
must be submitted with proof to the Secretary of State's Business and Commercial Services Division
at the above address.
EXTENSIONS: Acts 1046 and 1140 of 1991 eliminated the opportunity to request an extension. ALL
e)
REPORTS ARE DUE ON OR BEFORE MAY 1.
FAILURE TO FILE REPORT: Per A.C.A. § 26-54-107 and 114, corporations shall pay an additional
f)
penalty plus interest for late filing of the report or late payment of the tax. In order to be considered
timely, tax reports and payments must be received by the Secretary of State's office no later than
the close of business on May 1 or must be postmarked by the United States Postal Service no later
than midnight on May 1. Postage meter dates are not acceptable for the purpose of determining the
timely receipt of a tax form and/or payment. See A.C.A. § 26-18-105.
Calculate late franchise taxes, interest, and penalties:
A. Original Tax (Due May 1)
$____________________
Late Filing Penalty
+ $25.00
Tax and Penalty otal
= $____________________
D. Interest:
= $____________________
(C) x .000274 x (# of Days Deficient)
E. Total Tax Due:
= $____________________
(C)+(D)
Rev. 1 /1
If you have any questions determining your payment and/or late fees, please contact the Secretary
of State’s office at 501-682-3409 or Toll Free: 888-233-0325.
Identical Information: If ALL of the information in Sections #4, #5, #6, #7, #8, and #9 is identical as set
forth in the prior year’s annual report, you may simply check box #3 on the form, sign the report and submit
the report with payment.
Registered Agent Information: The registered agent is a person or entity designated by the corporation
to receive any service of legal action or other official communication on its behalf. Many corporations use
its attorney or a professional corporate service company for this service. The registered agent’s address
must be a street address in Arkansas, and the agent must be located at that address. A post office box or
“mail drop” may NOT be used as the registered agent address. For more information on registered agents,
please refer to A.C.A. § 4-20-101 et seq.
Principal Office Information: Address of place of business of the Limited Liability Company in Arkansas.
Current Names of Corporate Governors: Names of the corporation’s president, vice president,
secretary, treasurer, controller, and tax preparer.
7
Foreign Corporation Information:
Date of Qualification: The date of incorporation anywhere other than the State of Arkansas.
State of Incorporation: Where the original articles of incorporation were filed, anywhere other than
Arkansas
Nature of Business: The
type of sector or industry to which the corporation belongs.
Total Authorized Capital Stock: The number of shares and the par value of these shares that may be
issued by a corporation. (NO PAR VALUE = $25 PER SHARE)
Issued and Outstanding Capital Stock: The portion of a corporation’s stock issued for cash or other
considerations. (NO PAR VALUE = $25 PER SHARE)
Assets and Tax Calculation
:
Assets: The value of the real and personal property of the corporation.
Arkansas Assets: All assets applicable to Arkansas according to the balance sheet.
Total Assets: Total assets of the corporation according to the balance sheet.
Tax Calculation: The minimum tax due is $150. Corporations without authorized stock pay $300.
Tax Calculation Formula:
÷
Step #1: $ __________ (ARKANSAS ASSETS)
$__________ (TOTAL ASSETS) = ________% (PERCENTAGE)
Step #2: ______% (PERCENTAGE) X $ _______ (AMOUNT FROM LINE 9d) = $ __________ (ARKANSAS CAPITAL STOCK)
Step #3: $ ___________________ (ARKANSAS CAPITAL STOCK) X (.003) = $ ___________________ TAX DUE
11. SIGNATURE: Corporation reports shall be signed in black ink by one of the following: president, vice
president, secretary, treasurer, controller, other authorized person, or the tax preparer.
ADDITIONAL INFORMATION
1. AMENDMENTS: Changes, such as name, merger, etc., must be filed through the Secretary of State
Business and Commercial Services Division. Notations on the annual report form will not suffice. Forms
for changes may be obtained online at www.sos.arkansas.gov, or by writing or calling the Arkansas
Secretary of State Business and Commercial Services Division.
2. DISSOLUTION OR WITHDRAWAL: Any corporation wishing to cease operations must file a dissolution
or withdrawal document through the Business and Commercial Services of Secretary of State. See
above for contact information.
Rev. 1 /1
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