Question

Rosalind has a balance due on her Arkansas return, and she would like to make a contribution to one of the charitable programs listed on Schedule AR1000-CO. As Rosalind's tax preparer, you advise her to:

Detach the schedule and send it along with a check to any of the approved organizations.

Detach the schedule and send it along with a check to any of the approved programs EXCEPT the Arkansas 529 Plan.

File the completed schedule with her return, indicating the program to which she wishes to contribute. She can reduce her tax liability by the amount of her contribution.

Make a separate contribution. Because she has a balance due, she may not use her tax return or any accompanying schedule to contribute to a charitable organization.

Answer 1

Option 4 is the correct answer

AR1000-CO can be used for making contributions to the charitable program by Taxpayers that are due a tax return. The specific amount of contribution specified will reduce a Tax refund.

In these circumstances, Rosalind has a balance due on her Arkansas return, so Rosalind can't utilize the schedule AR1000-CO. Rosalind requires making a separate donation moreover Rosalind can't utilize the tax return either any accompanying schedule for donating.

Please Encourage us by Up Voting the Answer which is Very Helpful to us. Thank You!