Form Cit-A - New Mexico Apportioned Income For Multistate Corporations (Attach To Cit-1) - 2004
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22004 CIT-A
*46280100*
NEW MEXICO APPORTIONED INCOME FOR
MULTISTATE CORPORATIONS (attach to CIT-1)
This schedule must be completed by taxpayers with income from
inside and outside New Mexico. We cannot accept computerized schedules in lieu of completing this form.
All applicable line items must be completed for the return to be processed. Round all dollar amounts.
Federal Employer Identification Number (FEIN)
Name
A. Have you changed the reporting of any class or type of allocated or apportioned income from the way it was reported in a prior
❏
❏
taxable year?
Yes
No
B. For manufacturers electing to apportion income utilizing the four-factor method, enter date election was submitted.
______ / ______ / ______. (See instructions on page 10.)
APPORTIONED BUSINESS INCOME
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,
,
.
1.
New Mexico net taxable income (Line 9, CIT-1, Page 2) ..............................................
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,
,
,
.
2.
Net allocated income (Line 8, column 3, CIT-B) ..........................................................
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,
,
.
3.
Apportionable income (Subtract line 2 from line 1) .................................................... ➤
4.
NEW MEXICO APPORTIONED INCOME (Multiply line 3 by line 9 below).
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,
,
.
Enter result on line 4, and also on line 3, CIT-C. ....................................................... ➤
Column 1
Column 2
Total everywhere
Inside New Mexico
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PROPERTY FACTOR
Average annual value of inventory .............
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,
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,
,
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Average annual value of real property .......
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Average annual value of personal
property ......................................................
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Rented property (Annual rental value
times 8) ......................................................
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Total property .............................................
.
%
5.
Property factor (Divide column 2 by column 1 and multiply by 100) ...........................................
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PAYROLL FACTOR
Total compensation of employees ...........
.
%
6.
Payroll factor (Divide column 2 by column 1 and multiply by 100) .............................................
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SALES FACTOR
Gross Receipts .........................................
.
%
7.
Sales factor (Divide column 2 by column 1 and multiply by 100) .............................................
.
%
TOTAL FACTORS (Add lines 5, 6 and 7) ................................................................................ ➤
8.
.
%
9.
AVERAGE FACTOR (Divide line 8 by the number of factors computed above) ..................... ➤
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