Screen ARCr - Arkansas Tax Credits (1040)

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Overview

Use this screen to enter credits for Forms AR1000F and AR1000NR and to complete Form AR1000TC.

Other Credits

UltraTax CS uses information in this section to calculate miscellaneous credits.
Political contributions
Enter amount of cash qualifying state political contributions. This amount is used to calculate State Political Contribution Credit on Form AR1000TC, Schedule of Tax Credits.
Adoption credit (Force)
Enter the amount of the credit allowed in this field. UltraTax CS takes 20 percent of the credit allowed on federal Form 8839 and prints the amount on Form AR1000TC. Use this field to enter the adoption credit if different from the UltraTax CS calculated amount.
Phenylketonuria disorder credit
Enter name, social security number, current year costs and carryovers in the statement dialog. This information is used to calculate Form AR 1113, Phenylketonuria Disorder and Other Metabolic Disorders Credit.
Early childhood program
Enter a certification number if qualified to take the Early Childhood Credit. UltraTax CS takes 20 percent of the credit allowed on federal Form 2441 and prints this amount in the Payments section of Form AR1000F / AR1000NR, Page 2. To split the 20 percent of the credit allowed on federal Form 2441 between the Payments section and the Tax Credits section, enter the amount for the Payments section in the
Credit amount
field. The non-calculating Form AR 1000EC must be completed if there is an amount in the Payments section.

Business and Incentive Tax Credits

UltraTax CS uses information in this section to complete Form AR1000TC, the Business Incentive Tax Credit section.
BIC Code
Enter the business incentive code to be shown on Form 1000TC.
FEIN
Enter the business federal ID number to be shown on Form AR1000TC.
Taxpayer / Spouse Amount
Enter the amount the BIC credit to be used on Form 1000TC.

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