1. (a)

   1. (1) A pass-through entity is required to provide the Department of Finance and Administration with an annual return (Form AR941PT) that includes magnetic media (a CD or three-and-one-half-inch diskette) showing to whom the distribution was paid on or before the fifteenth day of the fourth month following the close of the pass-through entity's tax year.
   2. (2) The magnetic media must also include the nonresident member's address, Social Security number or federal employer identification number, the amount of taxable income distributed, and the amount of Arkansas income tax withheld and paid on the member's behalf.

   3. (3) The magnetic media should be labeled with the:

      1. (A) Form number "AR941PT";
      2. (B) Pass-through entity's name;
      3. (C) Federal employer identification number; and
      4. (D) Number of records contained on the disk or CD.
   4. (4) The final version of the media layout will be posted on the withholding website.
   5. (5) The annual return may be amended if necessary.

2. (b)

   1. (1)

      1. (A) A pass-through entity must provide a nonresident member of the pass-through entity with an annual record (Form AR1099PT) of the amount of income distributed and the income tax withheld on behalf of the nonresident member no later than the fifteenth day of the third month following the end of the pass-through entity's tax year.
      2. (B) Copies of AR1099PT, along with AR1096, must be sent to the department by the same date.

   2. (2)

      1. (A) Pursuant to Arkansas Code § 26-18-505, the Secretary of the Department of Finance and Administration finds that there is good cause to allow the provision of the annual record (Form AR1099PT) to coincide with the filing date for the annual return (AR941PT).
      2. (B) Therefore the date for such filing is extended to the fifteenth day of the fourth month following the close of the pass-through entity's tax year.
3. (c) Each pass-through entity must file with the department the appropriate income tax withholding return AR941PT on or before the due date of the pass-through entity's income tax return, including extensions.
4. (d) Each nonresident member must enclose a copy of AR1099PT with their Arkansas income tax return as verification for this withholding.

Codification Notes: “CD” means compact disc.