Looking for a Arizona Form 120x Templates? Download it for free!

Arizona Form

2013 Arizona Amended Corporation Income Tax Return

120X

Consolidated Return Election

Obtain additional information or assistance by calling one of

the numbers listed below:

The common parent of an affiliated group of corporations that

files a federal consolidated return may elect to file an Arizona

Phoenix

(602) 255-3381

consolidated return. The common parent must make the

From area codes 520 and 928, toll-free

(800) 352-4090

election by the due date, including extensions, for filing the

Obtain tax rulings, tax procedures, tax forms and instructions,

original return. A taxpayer may file the 2013 Form 120X to

and other tax information by accessing the department's

change its method of filing to consolidated for the taxable

Internet home page at

year 2013 only if the 2013 Form 120X is filed by the due

date, including extensions, of the taxpayer's 2013 Form 120.

General Instructions

Refer to the 2013 Form 120 instructions for more information

about the requirements for the election to file on a

Use of 2013 Form 120X

consolidated basis.

Use the 2013 form to amend only the 2013 Form 120 or

Required Attachments to Form 120X

Form 120A, as originally filed, or as it was later adjusted by

Attach any schedules, forms, and/or statements which are

an amended return, Department of Revenue correction notice,

necessary to fully explain and substantiate the change(s).

or an audit, whichever is latest.

Is the Arizona apportionment ratio (for air carriers) changing?

File an amended return for a prior taxable year on the Form 120X

Attach Schedule ACA.

for that taxable year. Do not use the 2013 Form 120X to file

an amended return for a prior taxable year.

Is the taxpayer reporting federal amended return changes?

Attach a copy of the amended return with all applicable

NOTE: If you need to amend a year prior to 2013,

schedules.

Form 120X for prior years are available on the department's

Is the taxpayer reporting finalized RAR changes? Attach a

website at

copy of the RAR with all applicable schedules.

If an amended return is filed for a taxable year prior to 2006,

Is the Arizona method of filing changing (information

attach a copy of the original Arizona return.

question D)? Complete Form 51, Combined or Consolidated

When to File Form 120X

Return Affiliation Schedule, according to the Form 51

instructions and attach it to Form 120X.

Form 120X may be filed only after the taxpayer has filed its

original tax return (Form 120 or Form 120A) for the taxable

Rounding Dollar Amounts

year 2013. Generally, Form 120X must be filed within four

Taxpayers must round amounts to the nearest whole dollar. If

years after the date the original return was due or after the date

50 cents or more, round up to the next dollar. If less than 50

that the taxpayer filed it, whichever was later.

cents, round down.

Do not file an amended return until the original return has been

Specific Instructions

processed.

Reporting of Federal Amended Return Changes or

Type or print the required information in the name, address,

and information boxes on the top of page 1. If the taxpayer

Finalized Revenue Agent Report (RAR)

has a foreign address, enter the information in the following

A taxpayer who files an amended return with the Internal

order: city, province or state, and country. Follow the

Revenue Service (IRS) must file an Arizona amended return

country’s practice for entering the postal code. Do not

within 90 days of its final determination by the IRS.

abbreviate the country’s name. If this is a consolidated

return, enter the common parent corporation's name and

The taxpayer must report changes or corrections of the

address. The name for a consolidated return should include

taxpayer's taxable income by the IRS or as the result of

the phrase "and affiliates." If this is a combined return, enter

renegotiation of a contract or subcontract with the United

the name and address of the corporation under which the

States to the department. The taxpayer must, within 90 days

group is filing. The name for the combined return should

after the final determination of the change or correction,

include either the phrase "and unitary affiliates" or "and

either:

unitary subsidiaries," whichever is applicable.

 File a copy of the final determination with the department,

Indicate whether the taxable year is a calendar year or a fiscal

concede the accuracy of the determination or state any errors,

year; if a fiscal year, indicate the taxable year on the top of

and request the department to recompute the tax owed to

page 1 of the return.

Arizona; or

Enter the corporation's employer identification number (EIN),

 File an amended return as required by the department.

which is the taxpayer identification number (TIN). If this is a

consolidated return, enter the TIN of the common parent

The department may require the taxpayer to file an amended

corporation. If this is a combined return, enter the TIN of the

return if the department does not have the necessary information

corporation under which the group is filing.

to recompute the tax owed to Arizona.

All returns, statements, and other documents filed with the

department require a TIN. Taxpayers that fail to include their

Instructions For Arizona Form 120x - Arizona Amended Corporation Income Tax Return - 2013

Related Articles

Related forms

Related Categories