Arizona Form 120x Draft - Arizona Amended Corporation Income Tax Return

Arizona Amended Corporation Income Tax Return

ARIZONA FORM

2010

120X

M M D D Y Y Y Y

For the

calendar year 2010 or

ﬁ scal year beginning

and ending

Business telephone number

Name

Employer identiﬁ cation number (EIN)

Please

(

)

Number and street or PO Box

Type

Business activity code number

AZ transaction privilege tax number

(from federal Form 1120)

City, or town, state, and ZIP code

REVENUE USE ONLY. DO NOT MARK IN THIS AREA.

Check box if:

Name change

Address change

Correction of failure to check correct box on Form 120, question B to: (See instructions)

Separate company

Combined (unitary group)

Consolidated

Reason for ﬁ ling Form 120X:

Finalized federal audit (attach copy)

Amended federal return (attach copy) 3

Arizona adjustments only (See instructions)

If this amended return includes a capital loss carryback, check the box and write in the year the

capital loss originated.

DD Y Y Y Y

This amended return changes Arizona ﬁ ling method to: (See instructions)

Separate company

Combined (unitary group)

Arizona apportionment: (check only one) Multistate corporations only.

AIR Carrier

STANDARD Sales Factor

ENHANCED Sales Factor

(a)

(b)

(c)

DO NOT USE THE 2010 FORM 120X TO AMEND A PRIOR TAXABLE YEAR. USE

As originally

Net change

Correct amount

THE FORM 120X FOR THE TAXABLE YEAR BEING AMENDED.

reported or adjusted

increase or (decrease)

1 Taxable income ..............................................................................................................

2 Additions to taxable income ...........................................................................................

3 Total taxable income - add lines 1 and 2 .......................................................................

4 Subtractions from taxable income .................................................................................

5 Arizona adjusted income - subtract line 4 from line 3. WHOLLY ARIZONA

CORPORATIONS GO TO LINE 13 ...............................................................................

6 Arizona adjusted income - from line 5. MULTISTATE CORPORATIONS ONLY ...........

7 Nonapportionable or allocable amounts. Multistate corporations only .........................

8 Adjusted business income - subtract line 7 from line 6. Multistate corporations only .....

9 Arizona apportionment ratio - from Schedule C or Schedule ACA ................................ ●

●

10 Income apportioned to Arizona - multiply line 8 by line 9. Multistate corporations only ...

00 10

11 Other income allocated to Arizona. Multistate corporations only ..................................

00 11

12 Income attributable to Arizona - add lines 10 and 11. Multistate corporations only .......

00 12

13 Arizona income before NOL - from line 5 or line 12 .......................................................

00 13

14 Arizona basis net operating loss carryforward - attach computation schedule ..........

00 14

15 Arizona taxable income - subtract line 14 from line 13 ..................................................

00 15

16 Enter tax. Tax is 6.968 percent of line 15 or $50, whichever is greater ........................

00 16

17 Tax from recapture of tax credits - from Form 300, Part II, line 23 ................................

00 17

18 Subtotal - add lines 16 and 17 .......................................................................................

00 18

19 Clean Elections Fund Tax Reduction claimed on original return ...................................

00 19

20 Nonrefundable tax credits - from Form 300, Part II, line 45 ...........................................

00 20

21 Credit type - enter form number for each nonrefundable credit claimed ....

22 Tax liability - subtract the sum of lines 19 and 20 from line 18 ......................................

00 22

23 Clean Elections Fund Tax Credit. See instructions before completing this line .............

00 23

24 Tax liability after Clean Elections Fund tax credit - subtract line 23 from line 22 ...........

00 24

25 Refundable tax credits. Check box(es) and enter amount(s) 25

308

342 ............................

26 Payments (extension, estimated) ..............................................................................................................

27 Payment with original return plus all payments after it was ﬁ led - from page 2, Schedule D ....................

28 Total payments - see instructions .............................................................................................................................................................

29 Overpayment, if any, as shown on original return or as later adjusted - see instructions .........................................................................

30 Total payments applied to amended tax liability - subtract line 29 from line 28 ........................................................................................

31 TOTAL DUE - if line 24(c) is larger than line 30, enter the total due ........................................................................................................

32 Penalty and Interest ..................................................................................................................................................................................

33 Payment enclosed ....................................................................................................................................................................................

34 OVERPAYMENT - if line 30 is larger than line 24(c), enter the overpayment ..........................................................................................

35 Amount of line 34 to be applied to 2011 estimated tax ..............................................................................

36 Amount to be refunded - subtract line 35 from line 34 ..............................................................................................................................

ADOR 10341 (10)

DRAFT 9/9/10, 2:30 p.m.

Previous ADOR 91-0029

Arizona Form 120x Draft - Arizona Amended Corporation Income Tax Return - 2010

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