Arizona K-1 (Form 120S) reports a shareholder's share of an S-corporation's income, deductions, and state adjustments specifically for Arizona tax purposes. These forms often contain complex details, including ordinary business income (loss), net rental real estate income (loss), interest income, dividend income, capital gains (losses), and various credits, all tailored to Arizona's tax laws. The inconsistent layouts and extensive footnotes across different Arizona K-1 (Form 120S) documents, which frequently vary by preparer and software, can significantly impede the review process for tax professionals as they manually extract and interpret data. Abacus automates and streamlines this process by accurately extracting all pertinent fields from Arizona K-1 (Form 120S) PDFs and normalizing them into standardized Excel workbooks. This comprehensive solution includes the meticulous handling of federal and state add-backs, various Arizona-specific tax credits, and detailed ownership information, ensuring a clean, validated, and efficient import directly into tax preparation software like CCH or GoSystem.
Trusted by the top 50 leading U.S. accounting firms, family offices, and wealth managers.
Enterprise-ready.
SOC2 Compliant.
Enterprise-grade security, certified for sensitive and regulated data. View our policies here.
More than 10,000 documents securely extracted with Abacus.