Form 1040ns - Amended Nebraska Individual Income Tax Return

SIGNATURES. Both spouses must sign their married, filing jointly

due, you must calculate a penalty for failure to file in a timely manner.

Multiply the result of line 41 minus line 38 by five percent per month

return. If another person signs this return for the taxpayer, a copy of

or fraction of a month (but not more than a total of 25%) from the due

Power of Attorney, Form

33, or court order authorizing the person

date or extended due date until the original return was filed. Enter the

to sign the return must be on file with this Department or attached to

result on line 42.

this return.

If this amended return is being filed because of a change made by the

Any person who is paid for preparing a taxpayer’s return must also sign

IRS who assessed a penalty, multiply the result of line 41 minus line

the return as preparer. Additionally, the preparer must enter the Preparer

38 by 5%. Enter the result on line 42. If both the penalty for failure to

Tax Identification Number (PTIN).

file in a timely manner and the penalty because of an IRS assessment

DECEASED TAXPAYERS. A spouse claiming a refund on a married,

are calculated, enter the larger amount on line 42.

filing jointly return with a deceased spouse should not file

Form

1310N.

Additional penalties may be imposed by the Department for:

Instead, sign the Form 1040XN, as “surviving spouse” for the deceased

1. Failure to pay tax when due;

taxpayer. All others, attach Form 1310N if a refund is being claimed on

behalf of taxpayers who have died.

2. Failure to file an amended return when required;

3. Preparing or filing a fraudulent income tax return;

INSTRUCTIONS FOR NEBRASKA SCHEDULE I

Nebraska Adjustments to Income

4. Understatement of income on an income tax return; or

for Nebraska Residents, Nonresidents,

5. Underpayment of estimated tax.

and Partial-Year Residents

Line 43, INTEREST. If line 41 is greater than line 38, tax is due.

PART A, ADJUSTMENTS INCREASING FEDERAL AGI.

Interest is also due on the result of line 41 minus line 38 at the statutory

LINE 47, TOTAL ADJUSTMENTS INCREASING FEDERAL

rate (2010/2011 rate is 5%) from the original due date to the date the

AGI. Include on line 47:

tax is paid.

1. Interest from non-Nebraska state and local municipal obligations;

LINE 44, TOTAL BALANCE DUE. Enter the total of lines 41

2. An S corporation’s or LLC’s loss distribution from non-

through 43. Attach a check or money order payable to the Nebraska

Nebraska sources;

Department of Revenue, to your amended return and mail to the

Nebraska Department of Revenue, PO Box 98911, Lincoln, Nebraska

3. Any federal NOL deduction used in calculating federal AGI on

68509-8911. Payment can also be made electronically or by credit card.

line 5;

Visit

for details about these

4. Any credit for financial institution tax reported on line 25;

payment options. Checks written to the Department of Revenue may

5. Any Long-Term Care Savings Plan or College Savings

be presented for payment electronically.

Program recapture.

LINE 45, REFUND. Enter the refund amount.Amounts less than $2 will

PART B, ADJUSTMENTS DECREASING FEDERAL AGI.

not be refunded. None of the refund will be applied to estimated tax.

Adjustments decreasing Nebraska taxable income include:

If you are owed interest on a refund, it will be calculated by the

1. State income tax refund;

Department and added to the amount shown on line 45.

2. Interest or dividend income from U.S. government bonds and

If a taxpayer has an existing tax liability of any kind with the Department,

other U.S. obligations;

any refund shown on this return may be applied to that liability. The

3. Tier I and/or Tier II benefits paid by the Railroad Retirement

Department will notify the taxpayer if the refund has been applied

Board; and

against another tax liability.

4. Bonus depreciation and enhanced section 179 subtractions.

EXPLANATION OF CHANGES. Print or type your explanation

List the source of any adjustments on an attached schedule.

of changes on Form 1040XN, or attach a schedule for each change

LINE 49, INTEREST OR DIVIDEND INCOME FROM U.S.

reported on this return for lines 5 through 33. Attach a copy of each

OBLIGATIONS. A list of qualifying U.S. government obligations is

federal form used to report the change. If you are filing an amended

included in

Regulation 22-002 Computing the Nebraska Individual

return due to an audit by the IRS or the Department, attach a dated copy

Income

Tax. Interest income derived from the following sources is

of the audit determination. If you are filing for an income tax refund

subject to Nebraska income tax and cannot be included in the amount

due to a carryback of a Nebraska net operating loss, you must attach

on line 49:

a copy of either:

1. Savings and loan associations or credit unions;

• Federal Form 1045 or Form 1040X;

2. Mortgage participation certificates issued by the Federal

• All supporting schedules; and

National Mortgage Association;

• A completed Nebraska Net Operating Loss Worksheet.

3. Washington D.C. Metropolitan Area Transit Authority bonds;

If you are filing an amended return due to a change in Nebraska credits

4. Interest on federal income tax refunds; and

claimed, attach the applicable schedule, form, other state’s return, or

5. Gains on the sale of tax-exempt municipal bonds and U.S.

audit determination.

government obligations.

DIRECT DEPOSIT. To have your refund directly deposited into

If the interest or dividend income from U.S. government obligations

your checking or savings account, enter the routing number and

is derived from a partnership, fiduciary, or S corporation, then the

account number found on the bottom of the checks associated with

partner, beneficiary, or shareholder claiming the Nebraska adjustment

the account.

decreasing federal taxable income must attach the applicable Federal

Do not enter information found on deposit slips or from a debit card, as this

Schedule K-1.

information is not necessarily the routing and account information.

LINE 51, SPECIAL CAPITAL GAINS/EXTRAORDINARY

LINE 46a. Enter the routing number listed first. It must be

DIVIDENDS DEDUCTION. If you are correcting the amount of

nine digits.

special capital gains/extraordinary dividends deduction, copies of the

original and corrected Special Capital Gains/Extraordinary Dividend

LINE 46b. Enter the number to identify the type of account.

Election and Computation, Form 4797N, and Federal Schedule D must

LINE 46c. Enter the account number listed to the right of the routing

be attached.

number. It can be up to 17 digits.

LINE 53, BONUS DEPRECIATION SUBTRACTION. Use this line

LINE 46d. Box 46d is used to comply with new banking rules regarding

to report any change in the amount of bonus depreciation subtraction

International ACH Transactions (IATs). The box must be checked

previously reported. For tax year 2010, the subtraction is limited to 20%

whenever a refund will go to a bank account outside the United States

of the amount of any bonus depreciation add back reported in tax years

or if a refund is sent to a bank account inside the territorial jurisdiction

2003 through 2005. Attach a schedule.

of the United States and 100% of the original refund is later transferred

LINE 54, ENHANCED SECTION 179 SUBTRACTION. For tax

to a bank outside of the United States. These refunds cannot be processed

year 2010, the subtraction is 20% of the amount of any enhanced

as direct deposits and instead will be mailed.

Form 1040ns - Amended Nebraska Individual Income Tax Return - 2010 Page 3

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