Instructions For Arizona Form 120x - Arizona Amended Corporation Income Tax Return - 2013 Page 2
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6Arizona Form 120X
TIN may be subject to a penalty. Paid tax return preparers must
line C5, column C, or from Schedule ACA, line 3. If the
include their TIN where requested. The TIN for a paid tax return
apportionment ratio is not being amended, enter the
preparer is the individual's social security number or the EIN of
apportionment ratio from the 2013 Form 120, page 1, line 9, or
the business. Paid tax return preparers that fail to include their
as adjusted by any prior audit or amended return, whichever is
TIN may be subject to a penalty.
latest. The taxpayer must carry out the ratio on line 9 to six
places.
Information question A: If the correct box
WAS NOT
on the 2013 Form 120, information question B,
CHECKED
Refer to the Schedule ACA or Schedule C instructions for
indicate the correct method of filing by checking the
more information. Do not enter an amount on page 1, line 9,
appropriate box. Explain the correction on the 2013
before reading the Schedule ACA or Schedule C instructions.
Form 120X, Schedule E.
Line 16 - Arizona Tax
If the correct box
on the 2013 Form 120,
WAS CHECKED
Multiply Arizona taxable income [line 15, column (c)] by
information question B: (i) do not check any boxes for information
6.968 percent. If the computed amount of tax is less than $50,
question A and (ii) answer information question D, if Form 120X
enter the minimum tax of $50. Every corporation required to
is being filed to change the Arizona method of filing.
file a return shall pay a $50 minimum tax in accordance with
Information question B: Check the Arizona adjustments
Arizona Revised Statutes (A.R.S.) § 43-1111.
only box if the amended return is being filed to report only
Combined or consolidated returns - a unitary group or an
state changes. State change examples include adjustments to
Arizona affiliated group is considered a single taxpayer. The
the apportionment ratio and adjustments to either additions to
minimum tax is imposed on the single taxpayer rather than on
or subtractions from federal taxable income.
each corporation within the group.
Information question C: If this amended return is filed to
Line 17 - Tax From Recapture of Tax Credits
incorporate a capital loss carryback, check the box and enter
the last day (month, day and year) of the tax year the capital
Enter the amount of tax due from recapture tax credits from
loss originated.
Arizona Form 300, Part II, line 29.
Information question D: If this amended return is filed to
Line 18 - Subtotal
change the Arizona method of filing, check the appropriate
Add lines 16 and 17. This is the amount of tax to which the
box. Complete the Form 120X, Schedule E, to explain the
total amount of tax credits claimed by the taxpayer may be
changes. Attach a completed Form 51 to Form 120X.
applied.
Information question E: If this amended return includes
Line 19 - Nonrefundable Tax Credits
changes to the Arizona apportionment ratio, check the
appropriate box. Complete Form 120X, Schedule C, (or
Enter the allowable nonrefundable tax credit amount from
attach a revised Schedule ACA, if applicable) and explain the
Arizona Form 300, Part II, line 53. This amount cannot be
changes on Schedule E.
larger than the amount on Form 120X, line 18.
Lines 1 through 8, lines 10 through 19, and line 21 -
Enterprise Zone Credit. Taxpayers located in a former
enterprise zone before June 30, 2011, may qualify to
NOTE: Columns (a) and (c) must be completed for each line
claim a third year tax credit for qualified employment
whether or not a change has been made to a particular line.
positions. Complete Form 304 to claim this tax credit or
Enter an amount in column (b) only if a change has been
carryforwards established in prior years.
made for a particular line.
Environmental Technology Facility Credit. This tax
Column (a): Enter the amounts as shown on the original
credit is for costs incurred in constructing a qualified
return or as adjusted by any prior audit, amended return, or
environmental technology manufacturing, producing, or
Department of Revenue correction notice, whichever is latest.
processing facility as described in A.R.S. § 41-1514.02.
Column (b): Enter the amount of any change(s). Attach
Complete Form 305 to claim this tax credit.
any schedules, forms, and/or statements which are
Military Reuse Zone Credit. This tax credit is for net
necessary to fully explain and substantiate the change(s).
increases in employment of full-time employees working
The amounts entered in column (b) should be the net
in a military reuse zone established under Arizona law.
increase or net decrease for each line that has been
Complete Form 306 to claim this tax credit.
changed. Use a minus sign to indicate decreases entered in
column (b).
Credit for Increased Research Activities. This tax
credit is for taxpayers who incur qualified research
Column (c): Add the increase in column (b) to the amount
in column (a) or subtract the decrease in column (b) from
expenses for research conducted in Arizona. The credit
column (a). Enter the result here. If the line has not been
applies to taxable years beginning from and after
changed, enter the amount from column (a) in column (c).
December 31, 2000. A portion of the excess credit
claimed for taxable years beginning from and after
Line 9 - Apportionment Ratio
December 31, 2009 may be refundable with approval
(Multistate Taxpayers Only)
from the Arizona Commerce Authority. Be sure to
If the apportionment ratio is being amended, enter the amended
include only the nonrefundable portion on line 19.
apportionment ratio in column (c) from page 2, Schedule C,
Complete Form 308 to claim this tax credit.
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