Form Cit-A - Cit-B - Cit-C - Cit-D - New Mexico Apportioned Income For Multistate Corporations - 2007
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1
22007 CIT-A
*76280200*
NEW MEXICO APPORTIONED INCOME FOR
MULTISTATE CORPORATIONS (attach to CIT-1)
This schedule must be completed by taxpayers with income from
inside and outside New Mexico. We cannot accept computerized schedules in lieu of completing this form.
All applicable line items must be completed for the return to be processed. Round all dollar amounts.
Federal Employer Identification Number (FEIN)
Name
A. Have you changed the reporting of any class or type of allocated or apportioned income from the way it was reported in
a prior taxable year?
Yes
No
B. For manufacturers electing to apportion income utilizing the four-factor method, enter date election was submitted.
______ / ______ / ______. (See page 13 of the 2007 CIT-1 Corporate Income and Franchise Tax Instructions.)
APPORTIONED BUSINESS INCOME
.00
1.
New Mexico net taxable income (Line 9, CIT-1, Page 2) ................................................
.00
2.
Net allocated income (Line 8, column 3, CIT-B) ..............................................................
.00
3.
Apportionable income (Subtract line 2 from line 1) .........................................................
4.
NEW MEXICO APPORTIONED INCOME (Multiply line 3 by line 9 below).
.00
Enter result on line 4, and also on line 3, CIT-C. ............................................................
Column 2
Column 1
Inside New Mexico
Total everywhere
PROPERTY FACTOR
.00
.00
Average annual value of inventory .............
.00
.00
Average annual value of real property ........
Average annual value of personal
.00
.00
property ......................................................
Rented property (Annual rental value
.00
.00
times 8) .......................................................
.00
.00
Total property .............................................
.
%
__ __ __
__ __ __ __
5.
Property factor (Divide column 2 by column 1 and multiply by 100)
PAYROLL FACTOR
.00
.00
Total compensation of employees ..............
.
%
__ __ __
__ __ __ __
6.
Payroll factor (Divide column 2 by column 1 and multiply by 100)
SALES FACTOR
.00
.00
Gross Receipts ...........................................
.
%
__ __ __
__ __ __ __
.
7.
Sales factor (Divide column 2 by column 1 and multiply by 100) ...............................................
.
%
__ __ __
__ __ __ __
8.
TOTAL FACTORS (Add lines 5, 6 and 7) ...................................................................................
.
%
__ __ __
__ __ __ __
9.
AVERAGE FACTOR (Divide line 8 by the number of factors computed above) ........................
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