Form Cit-1 - New Mexico Corporate Income And Franchise Tax Return

(page 2)

*126090200*

2012 CIT-1

NEW MEXICO CORPORATE INCOME AND FRANCHISE TAX RETURN

Federal Employer Identification Number (FEIN)

1. Taxable income before federal NOL & special deductions (From federal Form 1120) .....................................

2. Interest income from municipal bonds (Exclude New Mexico bonds) ..............................................................

3. Federal special deductions (From federal Form 1120) ......................................................................................

4. New Mexico base income (Add lines 1 and 2 and subtract line 3) ..................................................................

5. New Mexico NOL carryover (Attach schedule) .................................................................................................

Interest from U.S. government obligations or federally taxed New Mexico bonds ..........................................

7. Subtotal (Subtract the sum of lines 5 and 6 from line 4) ..................................................................................

8. Deduction for foreign dividends (From CIT-D, line 5) ........................................................................................

9. New Mexico net taxable income (Subtract line 8 from line 7) ..........................................................................

10. Income tax computation - tax on the amount on line 9 (See tax table on page 4 of instructions) ..................

11. New Mexico percentage (Enter 100% OR percentage from line 5 of CIT-C.) ..................................................

12. New Mexico income tax - MULTIPLY line 10 by the percentage on line 11 ......................................................

13. Total tax credits applied against the income tax liability on line 12 (From CIT-CR, line 20) ............................

14. Net income tax (Subtract line 13 from line 12; Cannot be negative) ................................................................

15. Franchise tax ($50 per corporation) ..................................................................................................................

16. Total income and franchise tax (Add lines 14 and 15) .....................................................................................

17. Amended Returns Only: (Enter amount of all 2012 refunds received or overpayments applied to 2013.

Also see instructions for line 19.) .......................................................................................................................

18. Subtotal (Add lines 16 and 17) ...........................................................................................................................

19. Total Payments: quarterly extension applied from prior year ........................................

Mark this box if using method 4 to calculate penalty and interest on underpayment of estimated tax;

(Attach RPD-41287). ..............................................................................................................................

20. New Mexico income tax withheld from oil and gas proceeds (Attach Forms 1099-Misc or RPD-41285) .......

21. New Mexico income tax withheld from a pass-through entity (Attach Forms 1099-Misc or RPD-41359) ......

22. Total payments and tax withheld (Add lines 19 through 21) ..............................................................................

23. Tax due: (If line 18 is greater than line 22, subtract line 22 from line 18) ..........................................................

24. Penalty (See CIT-1 Instructions) ........................................................................................................................

25. Interest (See CIT-1 Instructions) ........................................................................................................................

26. Total amount due (Add lines 23, 24 and 25) ......................................................................................................

27. Overpayment (If line 22 is greater than line 18, enter the difference)................................ ................................

27a. Amount of overpayment to be applied to 2013 liability (Not more than line 27) .......................................

27a

27b. Amount of overpayment to be refunded (Subtract line 27a from line 27).................................................

27b

28. Refundable portion of renewable energy production tax credit claimed (Attach RPD-41227) ........................

29. Total refund of overpaid tax and refundable credit due to you (Add lines 27b and 28) ...................................

30. Refundable portion of the film production tax credit (Attach RPD-41228) .......................................................

Paid preparer's use only:

Taxpayer's signature

I declare that I have examined this return, including accompanying schedules and statements, and

to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer

(other than taxpayer or an employee of the taxpayer) is based on all information of which preparer

Signature of preparer if other than employee of the taxpayer

Date

has any knowledge.

NM CRS Identification number

______________________________________

Signature of officer

Date

FEIN

_______________________________________________________________

PTIN

_______________________________________________________________

Title

Contact phone number

Taxpayer's E-mail address

Preparer's phone number

_________________________________________

Form Cit-1 - New Mexico Corporate Income And Franchise Tax Return - 2012 Page 2

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