Looking for a Arizona Tax Forms And Templates? Download it for free!

Arizona Form 120X

Credit card payment

Line 28 - Total Payments

Payments can be made via American Express, Discover,

Add lines 25, 26 and 27. Enter the total.

MasterCard or VISA credit cards. Go to and

NOTE FOR CLAIM OF RIGHT RESTORATION: If the

choose the credit card option. This will take you to the website

tax for the taxable year 2011 was computed under the

of the credit card payment service provider. The service

provisions for a claim of right restoration, line 28 also

provider will charge a convenience fee based on the amount of

includes the credit for the tax reduction for prior taxable

the tax payment. The service provider will disclose the amount

year(s). Refer to Arizona Corporate Income Tax Procedure

of the convenience fee during the transaction and the option to

CTP 95-3 for further information. Write "ARS § 43-1130.01"

continue or cancel the transaction will be presented. If you

and the total amount of the tax reduction for prior taxable

accept the convenience fee and complete the credit card

year(s) in the space to the left of the total payment amount

transaction, a confirmation number will be generated. Please

entered on line 28. The amount entered on line 28 is the total

keep this confirmation number as proof of payment.

of lines 25, 26 and 27 and the tax reduction for prior taxable

Line 34 - Overpayment

year(s). Attach a schedule computing the tax reduction for

the prior taxable year(s).

If line 30 is larger than line 24(c), enter the difference. This

amount is the overpayment from this amended return.

Line 29 - Overpayment From Original Return or as

Line 35 - Amount to be Applied to 2012 Estimated

Later Adjusted

Taxes

Enter the amount of any overpayment of tax from the original

The taxpayer may apply part or all of an overpayment

return (2011 Form 120, line 35, or 2011 Form 120A, line 27),

reported on line 34 as a 2012 estimated tax payment, if this

and the total amount of any overpayments of tax from a

amended return is filed during the taxpayer's taxable year

Department of Revenue correction notice, a previously filed

2012. Enter the applicable amount on line 35. If the taxpayer

amended return (2011 Form 120X, line 34), or an audit.

wants the entire line 34 amount to be refunded, enter zero.

Line 31 - Total Due

Line 36 - Amount to be Refunded

If line 24(c) is larger than line 30, enter the difference. This

Subtract line 35 from line 34, and enter the difference. This is

is the amount of tax due.

the net refund amount.

Line 32 - Penalty and Interest

Schedule ACA – Air Carrier Apportionment

Calculate any penalty and interest due. Calculate interest on

Formula

the amount shown on line 31 at the prevailing rate. The

interest period is from the original due date of the return to

(Multistate Air Carriers Only)

the payment date, and is compounded annually.

Schedule ACA must be completed and attached only if the 2011

Line 33 - Payment Enclosed

Form 120X is filed to amend the apportionment ratio. The

taxpayer must complete Schedule ACA to amend the

Add lines 31 and 32, and enter the total here. This amount

apportionment ratio originally computed on Schedule ACA or if

must be paid with the amended return. Payments can be made

the taxpayer incorrectly used the Form 120, Schedule C, rather

via check, electronic check, money order, or credit card.

than Schedule ACA to compute the apportionment ratio. Schedule

Check or money order

ACA

available

the

department's

website:

Make checks payable to Arizona Department of Revenue.

the

Write the taxpayer's EIN on the front of the check or money

apportionment ratio is not being amended, enter the

order. Include the check or money order with the return.

apportionment ratio from the 2011 Form 120 or as adjusted by

any prior audit or amended return, whichever is latest, on the

Internet Payments

Form 120X, page 1, line 9, in column (a) and column (c).

Corporate taxpayers must be licensed by the Department of

Effective for taxable years beginning from and after

Revenue before they can register to pay taxes online. Go to

December 31, 2000, ARS § 43-1139 requires a taxpayer that

to register and make payments over the internet.

is a qualifying air carrier to use an alternate apportionment

Electronic payment from checking or savings account

method to apportion its business income to Arizona.

Payments can be made electronically from a checking or

The taxpayer must be engaged in air commerce. “Air

savings account. Go to and choose the

commerce” means transporting persons or property for hire

e-check option. There is no fee to use this method. This

aircraft

interstate,

intrastate

international

transportation. If the taxpayer files a combined or

payment method will debit the amount from the specified

consolidated return, the combined group or the Arizona

checking or savings account on the date specified. If an

affiliated group must use this method of apportionment if 50

electronic payment is made from a checking or savings

percent or more of the taxpayer’s gross income is derived

account, a confirmation number will be generated. Please

from air commerce. The taxpayer will apportion its business

keep this confirmation number as proof of payment.

income by means of a single apportionment ratio computed

under this method for all group members.

Instructions For Arizona Form 120x - Arizona Amended Corporation Income Tax Return - 2011 Page 5

Related Articles

Related forms

Related Categories