Apportionment Information > Arkansas tab (1120)

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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Use the state tabs at the bottom of the Apportionment Information window to enter state-specific apportionment information. State tabs appear only if you have added states to the return and if additional apportionment information is required.

To enter state-specific apportionment information, click the appropriate state tab at the bottom of the Apportionment Information window.

Special information for processing Arkansas returns

UltraTax CS provides predefined statement dialogs for factor components requiring detail information. UltraTax CS uses the information you enter in the statement dialogs in the Everywhere column on the form for that component. UltraTax CS ignores amounts from the Everywhere / (Override) column for that component.

Fields & buttons

General information group box

Additional apportionment factors

If you need to add additional apportionment factors, enter a description of the factors and their percentages in the statement dialog. Any additional factors entered here are listed in a detailed statement and included in the total of the apportionment percentages appearing on Schedule B of the Arkansas return.

Financial institutions

If the taxpayer is a financial institution, enter a description and the amounts in the statement dialog. UltraTax CS uses this information in a statement dialog and includes the amounts in the total property percentage appearing on Schedule B of the Arkansas return.

Alternate apportionment group box

UltraTax CS uses the information you enter in this group box to complete form fields and answer questions that are not addressed in the Apportionment spreadsheet.

Apportionment method

If the corporation uses an alternate method of apportioning income, select one of the methods listed in the drop-down list attached to this field. Ultra Tax CS calculates the different parts of the form based on the method chosen.

Code Description
1 Airline
2 Bus line / Trucking company
3 Private railcar operator
4 Construction company

Alternate methods 1-3

Enter the appropriate information based on the alternate apportionment method selected for Arkansas versus Everywhere. UltraTax CS uses this information to calculate the apportionment percentage.

Apportionment Form Combination Tables guide

Click the following link to view the Apportionment Form Combination Tables Guide. These tables describe how fields from the Apportionment Information spreadsheet and the apportionment tab, if applicable, are combined onto the apportionment form.

Apportionment Form Combination Tables Guide (PDF)

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