Arkansas K-1 (AR) reports a partner's or shareholder's distributive share of a pass-through entity's income, deductions, and state adjustments specifically for Arkansas income tax filing purposes. These forms often detail various income components such as ordinary business income, net rental real estate income, interest, dividends, and capital gains (losses), as well as specific Arkansas additions, subtractions, and credits. The inherent variations in layout and extensive footnotes across different Arkansas K-1 (AR) documents, which can differ significantly by preparer and tax software, frequently lead to manual data entry errors and can substantially slow down the review process for tax professionals. Abacus directly addresses these inefficiencies by extracting all relevant fields from Arkansas K-1 (AR) PDFs and normalizing them into standardized Excel workbooks. This process includes meticulous handling of both federal and state add-backs, various state-specific tax credits (e.g., enterprise zone credits, research and development credits, tax credits for low-income housing), and detailed ownership information, ensuring a clean and efficient import directly into leading 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.