Instructions For Form Tpt-1x - Amended Transaction Privilege, Use And Severance Tax Amended Return
ADVERTISEMENT
1Arizona Department Of Revenue
General Instructions
Amended Transaction Privilege, Use And Severance Tax
Amended Return (TPT-1X)
The instructions are written to clarify many of the terms used on the return which may not be self-explanatory. If you have any
questions, please call:
Phoenix
(602) 255-2060
Hearing impaired TDD user:
Tax Tapes:
Tucson
(520) 628-6421
Phoenix
(602) 542-4021
Phoenix
(602) 542-1991
Other Arizona areas
1-800-843-7196
Other Arizona areas
1-800-397-0256
Other Arizona areas
1-800-845-8192
due on line 15, Column 5.
Use of Form (Amended) TPT-1X
The accounting credit can only be claimed for the amount of tax
Form TPT-1X may be used to amend either Form ST-1 or Form
paid timely. Therefore, if the amended return is received after
TPT-1. If filing Form TPT-1X for a refund, it must be filed
the due date and it increases the tax obligation you may only
within four years from the date the original return was filed or
claim the credit for the original amount that was paid on time.
the date the original return was due, whichever date is later.
The total amount of accounting allowance credit taken by a
An amended return can not be filed for the following:
•
business cannot exceed $10,000 for a calendar year. The cap
To change the amount of credit applied on the original
applies to the combination of businesses who are included in a
return.
given income tax return and not to each account.
•
To change amounts of estimated payments claimed on the
Lines 17 through 22
original return.
A return may not be amended in part. An amended return must
If you choose to have the Department of Revenue compute
reflect the unchanged information from the original return as
penalties and interest, do not complete lines 17 through 22. To
well as the changed information in Columns 1, 2, 3, 4 and 5.
avoid additional penalties and interest, pay any tax due.
Basic Return Information
The department will automatically compute the amended tax
liability and offset the liability by all amounts previously paid
The following information is designed to help in completing the
for this tax period. If additional tax is owed, the department will
Form TPT-1X. For further assistance, see the sample form on
bill you. For overpayments, the department will issue a credit or
page 2 or call one of the number above.
refund.
Enter the business name and mailing address in the area marked
When computing penalties and interest, enter the amount on line
Business Name.
17. Enter on line 20 the amount of tax, penalty and interest
Enter your state Transaction Privilege Tax license number in the
previously paid for this period. Be sure to include any estimated
box marked State License No. located in the upper right corner.
payments, credits applied, amounts paid on any billings
Be sure to include the letter at the end of the number.
received, amounts paid with previous amended return, and
amounts paid as a result of an audit for this period. Additionally,
Enter the month and year of the reporting period in the area
the amount paid with the original return must be reduced by the
marked period covered. Enter the month as a number and the
amount of any refund that has been received since the original
last two digits of the year. (May 1995 should be entered as
return was filed.
0595.) Monthly filers should enter the same period in both the
From and Through boxes. Quarterly or annual filers must enter
Enter on line 19 any additional credit claimed now and on line
the first and last months of the reporting period.
20 include any credit that the department told you is available to
be used, and the amount previously paid. If the total of lines 19
A taxpayer identification number (TIN) is required when filing
and 20 are greater than the amount entered on line 18, enter the
any return. A TIN is defined as the federal employer
difference on line 21.
identification number (EIN), or social security number (SSN)
depending on how the business reports income tax.
If the amount entered on line 18 is greater than the total of lines
19 and 20, enter the difference on line 22. This is the amount
Taxpayers and paid preparers who fail to include the proper TIN
owed. Make check payable to the Arizona Department of
are subject to a penalty. Check the return to be sure that all
Revenue for this amount.
required identification numbers are clearly written and accurate.
Missing, incorrect or unclear identification numbers may cause
Identify each change and the corresponding line reference on the
delays in processing this return.
back of the form on Schedule B. State the reason for each
change by line number.
NOTE: If a correction notice has been received from the
department, start with that corrected amount unless an amended
Sign and Mail the Return
return has been filed since the correction. Enter each item
Please include the tax type, period covered and state license
reported on the original return as either an amended figure or
number on the check or money order.
the original figure.
Sign your return and mail it, with any payment due, to:
Remember that changes made in any item may have a
corresponding effect on other items, such as the accounting
Arizona Department of Revenue
credit. In Column 4 be sure to use the tax rates that were in
PO Box 29010
effect for the period for which this amended return is being filed.
Phoenix AZ 85038-9010
Calculate the tax due for each line item and total the amounts
Page 1 Form No. 64-1049 Rev. 3/96
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial