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Arizona Form 120X



state changes. State change examples include adjustments to

Column (c): Add the increase in column (b) to the amount

the apportionment ratio and adjustments to either additions to

in column (a) or subtract the decrease in column (b) from

or subtractions from federal taxable income.

column (a). Enter the result here. If the line has not been

changed, enter the amount from column (a) in column (c).

Information question C: If this amended return is filed to

incorporate a capital loss carryback, check the box and write

Line 9 - Apportionment Ratio

in the month, day and year the capital loss originated.

(Multistate Taxpayers Only)

Information question D: If this amended return is filed to

If the apportionment ratio is being amended, enter the amended

change the Arizona method of filing, check the appropriate

apportionment ratio in column (c) from page 2, Schedule C,

box. Complete the Form 120X, Schedule E, to explain the

line C5, or from Schedule ACA, line 3. If the apportionment

changes. Attach a completed Form 51 to Form 120X.

ratio is not being amended, enter the apportionment ratio from

the 2011 Form 120, page 1, line 9, or as adjusted by any prior

Information question E: If this amended return includes

audit or amended return, whichever is latest. The taxpayer must

changes to the Arizona apportionment ratio, check the

carry out the ratio on line 9 to six places.

appropriate box. Complete Form 120X, Schedule C, (or

attach a revised Schedule ACA, if applicable) and explain the

Refer to the Schedule ACA or Schedule C instructions for

changes on Schedule E.

more information. Do not enter an amount on page 1, line 9,

before reading the Schedule ACA or Schedule C instructions.

Enter the corporation's employer identification number

(EIN), which is the taxpayer identification number (TIN). If

Line 16 - Arizona Tax

this is a consolidated return, enter the TIN of the common

Multiply Arizona taxable income [line 15(c)] by 6.968 percent.

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

If the computed amount of tax is less than $50, enter the

of the corporation under which the group is filing.

minimum tax of $50. Every corporation required to file a

Enter the corporation's Arizona transaction privilege tax

return shall pay a $50 minimum tax in accordance with

number.

A.R.S. § 43-1111.

 If this is a consolidated return, enter the common parent

Combined or consolidated returns - a unitary group or an

corporation's Arizona transaction privilege tax number. If

Arizona affiliated group is considered a single taxpayer. The

the common parent does not have an Arizona transaction

minimum tax is imposed on the single taxpayer rather than on

privilege tax number, leave the box blank.

each corporation within the group.

 If this is a combined return, enter the Arizona transaction

Line 17 - Tax From Recapture of Tax Credits

privilege tax number of the corporation under which the

Enter the amount of tax due from recapture tax credits from

group is filing. If this corporation does not have an Arizona

Form 300, Part II, line 26.

transaction privilege tax number, leave the box blank.

Line 18 - Subtotal

All returns, statements, and other documents filed with the

Add lines 16 and 17. This is the amount of tax to which the

department require a TIN. Taxpayers that fail to include their

Clean Elections Fund tax reduction and the total amount of

TIN may be subject to a penalty. Paid tax return preparers must

tax credits claimed by the taxpayer may be applied.

include their TIN where requested. The TIN for a paid tax

return preparer is the individual's social security number or

Line 19 - Clean Elections Fund Tax Reduction

preparer tax identification number or the EIN of the business.

Enter the amount of Clean Elections Fund tax reduction claimed

Paid tax return preparers that fail to include their TIN may be

on your original return in column (a) and in column (c).

subject to a penalty.

Line 20 - Nonrefundable Tax Credits

Lines 1 through 8, lines 10 through 18, line 20, and

Enter the allowable nonrefundable tax credit amount from

lines 22 through 24 -

Form 300, Part II, line 51. This amount cannot be larger than

the amount on Form 120X, line 18, less the amount on Form

NOTE: Columns (a) and (c) must be completed for each line

120X, line 19.

whether or not a change has been made to a particular line.

Enter an amount in column (b) only if a change has been



Defense Contracting Credits. Taxpayers may claim

made for a particular line.

carryovers of unused tax credits from taxable years



2006 and prior. Any carryover not used in tax year

Column (a): Enter the amounts as shown on the original

2011 will expire. Complete Form 302 to claim the

return or as adjusted by any prior audit, amended return, or

carryover of these tax credits.

Department of Revenue correction notice, whichever is latest.



Enterprise Zone Credit. Taxpayers located in an



Column (b): Enter the amount(s) of any change(s). Attach

enterprise zone before June 30, 2011, may qualify to

any schedules, forms, and/or statements which are

claim a tax credit for net increases in qualified

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

employment positions. Complete Form 304 to claim

The amounts entered in column (b) should be the net

this credit.

increase or net decrease for each line that has been

changed. Bracket all decreases entered in column (b).

Instructions For Arizona Form 120x - Arizona Amended Corporation Income Tax Return - 2011 Page 2

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