Form F-1120x - Amended Florida Corporate Income/franchise Tax Return Page 3
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4F-1120XN
Instructions for Preparing Form F-1120X
R. 01/13
Amended Florida Corporate Income/Franchise
Rule 12C-1.051
Tax Return
Florida Administrative Code
Effective 01/13
Time Limitations – You have 60 days to file Florida Form
Corporate income tax is imposed by section (s.) 220.11, Florida
Statutes (F.S.). You must use Florida Form F-1120X to correct
F-1120X, after the adjustments to your federal taxable income
a tax return that you previously filed on Florida Forms F-1120
have been agreed to or finally determined. These adjustments
or F-1120A. Use Florida Form F-1120X to correct your return
to your income may occur through a federal tax audit or a
as originally filed or as later adjusted by an amended return, a
federal amended return. Per s. 220.23(2)(d), F.S., you must
claim for refund, or an examination.
file a refund claim based on a federal audit adjustment within
two years after the required Florida Form F-1120X filing date,
Note: Florida law does not allow net operating loss carrybacks
whether or not you filed the Florida Form F-1120X.
or capital loss carrybacks.
Where to Send Payments and Returns
You must attach a copy of any schedule, form, or statement
Make check payable to and send with return to:
filed with the federal form that is applicable to your Florida
Florida Department of Revenue
Form F-1120X. A claim for refund is subject to audit verification
5050 W Tennessee St
and must be supported by proper documentation so the
Tallahassee FL 32399-0135
Department of Revenue can process your claim.
If you are requesting a refund (Line 22), send your return to:
When to file – You may file Florida Form F-1120X only after
Florida Department of Revenue
you have filed the original return. You should file Florida Form
PO Box 6440
F-1120X as soon as there is a change in the taxable income
Tallahassee FL 32314-6440
reported on your original return. Generally, you must file a
refund claim within three years.
Specific Instructions
Enter the current name and address of your corporation. If the
The line numbers on Florida Form F-1120X correspond to line
corporation’s name has changed since you filed the original
numbers of the Florida Form F-1120, with a few exceptions.
return, write the previous name of the business on the line
We outline these exceptions below. In Column A, enter the
marked “Formerly known as.” If the name has not changed,
specified amounts from Florida Forms F-1120 or F-1120A as
leave this line blank.
originally reported or later adjusted. In Column B, enter the
corrected amount.
Check the reason you are filing an amended return. If it is the
result of an amended federal return, attach a copy. If it is the
Line 11 - Compute Corporate Income/Franchise Tax Due.
result of an Internal Revenue Service (IRS) audit adjustment,
Enter 5.5 percent of Line 10, with one exception. Taxpayers
attach a signed, dated copy of IRS Form 4549A (Income Tax
that paid Florida Alternative Minimum Tax (AMT) and taxpayers
Examination Changes) or other document evidencing the
subject to the Florida AMT because of federal adjustment
completed audit. Form 4549A is also referred to as a Revenue
should compare “regular” Florida tax, on Page 1 of Florida
Agent Report (RAR). Enter the date of the IRS report. Check
Form F-1120, to the Florida AMT due on Schedule VI of Florida
the box showing the type of return that you are amending.
Form F-1120. The taxpayer is liable for whichever is greater,
and should enter this amount on Line 11.
Record the Federal Employer Identification Number (FEIN) of
the corporation. Enter the beginning and ending dates of the
In column A on line 11, include any emergency excise tax as
tax year for which you are filing an amended return. Enter the
originally reported or as later adjusted prior to your tax year
date of the last return filed for your corporation.
beginning on or after January 1, 2012. Emergency excise
tax adjustments are no longer necessary on an amended
Part I
return because emergency excise tax was repealed and all
Enter all data in Part I of Florida Form F-1120X. You may
amounts previously reported and paid have been converted
need attachments to support the entries in Part I. Attach an
to credits.
appropriate updated Florida Form F-1120 schedule if there
are changes. Any substitute schedules must contain all the
Line 13 - Total Income/Franchise Tax Due. Subtract Line 12
required information and follow the format of the Department’s
from Line 11.
printed schedules. Include the corporate name and FEIN on
Line 16 – Payments. On Line 16a, enter the amount of
all attachments. Incomplete or missing information on Florida
estimated tax payments including any allowed overpayment
Form F-1120X may cause processing delays.
credit from the prior year. On Line 16b, enter the amount of any
tentative tax payments sent in with Florida Form F-7004. On
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