Form F-1120x - General Instructions - Florida Department Of Revenue printable pdf download

F-1120X

R. 01/00

General Instructions

Page 3

Form F-1120X may be used to correct a tax return that was previously filed on Form F-1120 or F-1120A. Use Form F-1120X

to correct the return as originally filed, or as later adjusted by an amended return, a claim for refund, or an examination. Line

numbers refer to lines on the 1992 through 1999 tax forms. For other year tax forms, use amounts from comparable lines.

If federal Form 1120X is filed, a copy must be attached to this form. Any schedule, form or statement used with the federal

form that is applicable to this form may be filed with this form and used in lieu of a separate schedule, form or statement

otherwise required with Form F-1120X. A claim for refund is subject to audit verification and must be supported by

appropriate documentation in order to substantiate and process the claim.

When to file - Form F-1120X may be filed only after the original return has been filed. Form F-1120X should be filed as

soon as there is a change in the taxable income reported on the original return. Generally, a refund claim must be filed

within three (3) years for taxes paid on or after July 1, 1999; and within five (5) years for taxes paid on or after

October 1, 1994, but before July 1, 1999.

Federal Adjustments - Attach a signed and dated copy of the Internal Revenue Service (IRS) report (IRS Form 4549,

Income Tax Examination Changes, or other document evidencing the completed audit) if this amended return is based upon

an IRS adjustment. Florida Form F-1120X is required to be filed within 60 days after the federal income tax adjustments that

resulted in a change to taxable income (federal tax audit or federal amended return filed) have been agreed to or finally

determined. Per Section 220.23(2)(d), Florida Statutes, a refund claim based upon a federal audit adjustment must be filed

within two years after the required Florida Form F-1120X filing date, whether or not the F-1120X was filed.

Where to file and pay tax due:

For Refunds:

Florida Department of Revenue

5050 W Tennessee St

Return Refunds

Tallahassee FL 32399-0135

PO Box 6440

Tallahassee FL 32314-6440

Specific Instructions

On the front of the return, enter FEIN, name and address. Enter the tax year beginning and ending dates. Enter the date the

last return was filed for this tax year. Check the reason for the amendment and the type of return amended.

Part I

Enter all data in Part I of Form F-1120X. Attachments may be needed to support the numbers entered in Part I. Incomplete

or missing information on the Form F-1120X may cause it to be returned for completion.

Column A, Lines 1 through 15:

Enter the specified amounts from page 1 of Florida Form F-1120 or F-1120A as originally reported or later adjusted. Those

taxpayers who paid Florida alternative minimum tax (AMT), for tax years beginning on or after January 1, 1987, shall use the

amounts form Schedule VI of the Florida Form F-1120.

Column B, Lines 1 through 15:

Enter the increases or decreases. Explain each increase or decrease in Part II or in an attachment.

Column C, Lines 1 through 15:

Adjust Column A for any increase or decrease in Column B and enter the result in Column C. For any item that does not

change, enter the amount in Column A in Column C.

Line 9 – Compute corporate income/franchise tax due. Taxpayers that paid Florida AMT and taxpayers subject to the

Florida AMT as a result of federal adjustment should compare “regular” Florida tax, per page 1, F-1120, to the Florida AMT

due per Schedule VI of the F-1120. The taxpayer is liable for whichever is greater.

Form F-1120x - General Instructions - Florida Department Of Revenue

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