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WebDec 31, 2024 · Electronic filing of Arizona corporate income tax returns is required for the 2024 taxable year. Every corporation required to file a return shall pay a $50 minimum tax in accordance with A.R.S. § 43-1111. Electronic Funds Transfer. Corporations are required to pay their tax liability by electronic funds transfer (EFT) if the corporation owes: Web2. Prepare to pay a penalty. For a return where no tax is due, the failure to file (late-filing) penalty is assessed for each month or part of a month that the return is late or incomplete up to a maximum of 12 months. The amount of the penalty is $200 for 2024 returns, multiplied by the number of shareholders/partners in the S corporation ... WebFeb 6, 2024 · This small business tax preparation checklist breaks down the six basics of filing small business taxes and includes a downloadable checklist to stay on top of your small business tax prep needs—including what forms to file and documentation to gather. 1. Understand the types of business taxes. 2. Know what tax forms you need to file. ofss associate consultant