Arkansas Finance Department Releases Form AR1000CR, Individual Income Tax Composite Return, Instructions

The Arkansas Department of Finance and Administration Jan. 8 released Form AR1000CR, Individual Income Tax Composite Return and Instructions. The instructions includes: 1) each composite return must be filed in the name of the pass-through entity, and the member who signs the return is responsible for any assessments or deficiencies incurred by the return; 2) only those members who must file Arkansas nonresident income tax returns as a result of their interest in a pass-through entity can be included in the composite return; 3) a pass-through entity cannot be included as a member on a composite return; and 4) taxpayers ...