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INSTRUCTIONS: ARIZONA QUALIFIED EMPLOYEES FOR WHICH YOU ARE TAKING A CREDIT (Form 332-2)

 

Form 332-2 was used in 2007 by Arizona employees to document qualified employees enrolled in healthy forest enterprises for whom you are taking a credit. This document can be obtained from the website maintained by the Arizona Department of Revenue.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 1: In column a, enter the name of each employee for whom you are taking a credit.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 2: in column b, enter the Social Security number of each employee for whom you are taking a credit.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 3: In column c, indicate whether the employee is a first year, second year or third year employee by checking the appropriate box.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 4: In column d, enter the total wages which will be paid to the employee during the current tax year.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 5: In column e, the maximum allowable wages should be documented. The figure is $2,000 for first year employees, $3,000 for second year employees and $3,000 for third year employees. Enter either that number or the figure from column d, whichever is smaller.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 6: On line 11, the total for every column should be entered.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 7: On the right side of the page, enter your name and taxpayer identification number in the blank spaces provided.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 8: If you have more than ten qualified employees, complete additional schedules as necessary to document them.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 9: Use the information documented on form 332-2 in order to complete Part V, lines 11 through 14, of form 332.

 

Arizona Qualified Employees For Which You Are Taking A Credit 332-2 Step 10: Complete a form 332-1 to document each employee individually. Both 332-1 and 332-2 must be submitted with form 332.