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Arizona Arizona Amended Corporation Income Tax Return
Extracted from PDF file 2023-arizona-form-120x.pdf, last modified November 2009Arizona Amended Corporation Income Tax Return
Arizona Form Arizona Amended Corporation Income Tax Return 2023 120X DO NOT USE THE 2023 FORM 120X TO AMEND A PRIOR TAXABLE YEAR. USE THE FORM 120X FOR THE TAXABLE YEAR BEING AMENDED. For the calendar year 2023 or fiscal year beginning M M D D 2 0 2 3 and ending M M D D 2 0 Y Y Business Telephone Number Name (with area code) Check this box if this return is based on a 52/53 week taxable year. Employer Identification Number (EIN) Address – number and street or PO Box Business Activity Code (from federal Form 1120) City, Town or Post Office State ZIP Code REVENUE USE ONLY. DO NOT MARK IN THIS AREA. 65 Check box if: A Name change B Address change 88 A Reason for filing Form 120X: 1 Finalized federal audit 2 Amended federal return 3 Arizona adjustments only (see instructions) B This amended return changes Arizona filing method to: 1 Separate company 2 Combined (unitary group) 3 Consolidated (generally, election cannot be made on 66 RCVD 81 PM amended return (see instructions)) C Check this box if this amended return includes a capital loss carryback, and enter the last day of the tax year the capital loss originated: M M D D Y Y Y Y D Multistate Corporations Only: This amended return changes the method of apportionment to Arizona from the original return (check one box): 1 AIR CARRIER 2 STANDARD 3 SALES FACTOR ONLY E Check this box if the election to be treated as a Multistate Service Provider was made on the original return. (c) (b) (a) F Marijuana Establishments only: 1 Adult Use only Amount As Originally Corrected Amount to Add or Subtract Reported or Adjusted 2 Dual Lic. elected for-profit 3 Dual Lic. did not elect for-profit. 1 Taxable income per federal return............................................................... 00 00 1 00 2 Additions to taxable income from Schedule D, line D9............................... 00 00 2 00 3 Total taxable income: Add lines 1 and 2. Enter the total............................ 00 00 3 00 4 Subtractions from taxable income from Schedule E, line E11..................... 00 00 4 00 5 Arizona adjusted income: Subtract line 4 from line 3. Enter the difference......... 100% Arizona corporations check box 5a . Go to line 13. All others go to line 6.. 6 Arizona adjusted income from line 5. Multistate corporations only................. 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Nonapportionable or allocable amounts. Multistate corporations only.......... Adjusted business income: Subtract line 7 from line 6. Enter the difference. .. Arizona apportionment ratio from Schedule A or Schedule ACA................. Income apportioned to Arizona: Multiply line 8 by line 9. Multistate corporations only . Other income allocated to Arizona. Multistate corporations only ................ Income attributable to Arizona: Add lines 10 and 11. Multistate corporations only . Arizona income before NOL from line 5 or line 12....................................... Arizona basis net operating loss carryover: Include computation schedule....... Arizona taxable income: Subtract line 14 from line 13..................................... Enter tax: Tax is 4.9 percent of line 15 or $50, whichever is greater.... Tax from recapture of tax credits from Arizona Form 300, Part 2, line 23............. Subtotal: Add lines 16 and 17...................................................................... Nonrefundable tax credits claimed from Arizona Form 300, Part 2, line 42........ Credit type: Enter form number for each nonrefundable credit claimed.................. Tax liability: Subtract line 19 from line 18...................................................... 201 3 00 00 5 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 202 3 00 00 00 00 00 00 00 00 00 00 00 6 7 8 9 10 11 12 13 14 15 16 17 18 19 203 3 00 22 Refundable tax credits: Check box(es) and enter amount...................................... 22a 308 22b 334 22c 349 23 Payments: Ext Est....... 23a 00 Claim of Right... 23b 00 Add 23a and 23b... 24 Payment with original return plus all payments after it was filed: from page 2, Schedule B................................................. 25 Total payments: Add lines 22d, 23c, and 24. Enter total...................................................................................................... 26 Overpayment, if any, as shown on original return or as later adjusted: See instructions..................................................... 27 Total payments applied to amended tax liability: Subtract line 26 from line 25....................................................................... 28 TOTAL DUE: If line 21(c) is larger than line 27, subtract line 27 from line 21(c). Enter the difference............................................. 29 Enter the Penalty and Interest. .......................................................................................................................................... 30 Add line 28 and line 29. Enter the total payment due. See instructions.............................................................................. 31 OVERPAYMENT: If line 27 is larger than line 21(c), subtract line 21(c) from line 27. Enter the difference.............................. 32 Amount of line 31 to be applied to 2024 estimated tax............................................................. 32 00 33 Amount to be refunded: Subtract line 32 from line 31.......................................................................................................... ADOR 10341 (23) 204 3 00 00 00 00 00 00 00 00 00 00 22d 23c 24 25 26 27 28 29 30 31 00 00 00 00 00 00 00 00 00 00 00 33 00 21 Name (as shown on page 1) EIN SCHEDULE A Apportionment Formula (Multistate Corporations Only) IMPORTANT: Qualifying air carriers must use Arizona Schedule ACA. Qualifying Multistate Service Providers must include Arizona Schedule MSP. If the “SALES FACTOR ONLY” box on page 1, line D, is checked, complete only Section A3, Sales Factor, lines a through f. See instructions. A1 Property Factor - STANDARD APPORTIONMENT ONLY Value of real and tangible personal property (by averaging the value of owned property at the beginning and end of the tax period; rented property at capitalized value). COLUMN A Total Within Arizona Round to nearest dollar COLUMN B Total Everywhere Round to nearest dollar. COLUMN C Ratio Within Arizona A÷B Be certain to enter amounts in Column C carried to six decimal places. You must type the decimal. a Owned Property (at original cost): 1 Inventories....................................................................................... 2 Depreciable assets (do not include construction in progress) ................ 3 Land................................................................................................ 4 Other assets (describe): . 5 Less: Nonbusiness property (if included in above totals).................... 6 Total of section a (the sum of lines 1 through 4 less line 5) .................... b Rented property (capitalize at 8 times net rent paid)................................. c Total owned and rented property (Total of section a plus section b). ...... A2 Payroll Factor - STANDARD APPORTIONMENT ONLY Total wages, salaries, commissions and other compensation to employees (per federal Form 1120, or payroll reports)................................... A3 Sales Factor a Sales delivered or shipped to Arizona purchasers............................. b Sales from services or from designated intangibles for qualifying Multistate Service Providers only (see instructions; include Schedule MSP)...................................................................... c Other gross receipts........................................................................... d Total sales and other gross receipts (the sum of lines a through c)......... e Weight AZ sales: (STANDARD x 2; SALES FACTOR ONLY x 1)....... f Sales Factor (for Column A, multiply line d by line e; for Column B, enter the amount from line d; for Column C, divide Column A by Column B.) STANDARD Apportionment, continue to A4. SALES FACTOR ONLY Apportionment, enter the amount from Column C on page 1, line 9, column (c). ............................................... ×2 OR ×1 A4 STANDARD Apportionment Total Ratio: Add Column C of lines A1c, A2, and A3f. Enter the total. .................................. A5 Average Apportionment Ratio for STANDARD Apportionment: Divide line A4, Column C, by four (4). Enter the result on page 1, line 9, column (c). (If one of the factors is “0” in both Column A and Column B, see instructions.)....................... SCHEDULE B Schedule of Payments (List payment date and amount.) B1 Payment with original return................................................................................................... M M D D Y Y Y Y B2 Payment after original return filed........................................................................................... M M D D Y Y Y Y B3 Payment after original return filed........................................................................................... M M D D Y Y Y Y B4 Total: Add lines B1, B2 and B3........................................................................................................................................... B1 B2 B3 B4 00 00 00 00 SCHEDULE C Explanation of Changes (See instructions, page 8.) ADOR 10341 (23) AZ Form 120X (2023) Page 2 of 5 Name (as shown on page 1) EIN SCHEDULE D Adjustments to Additions to Taxable Income (a) As Originally Reported or Adjusted D1 Total federal depreciation......................................................................... D2 Taxes based on income paid to any state (INCLUDING ARIZONA), local governments or foreign governments.............................................. D3 Interest on obligations of other states, foreign countries, or political subdivisions.............................................................................................. D4 D5 D6 D7 D8 D9 Special deductions claimed on federal return.......................................... Federal net operating loss deduction claimed on federal return.............. Additions related to Arizona tax credits: See instructions........................... Capital loss from exchange of legal tender.............................................. Other additions to federal taxable income: See instructions...................... TOTALS: Add lines D1 through D8 in each column. Enter the amounts here and in the corresponding column on page 1, line 2......................... 00 D1 00 00 00 D2 00 00 00 00 00 00 00 00 00 00 00 00 00 D3 D4 D5 D6 D7 D8 00 00 00 00 00 00 00 00 D9 00 (a) As Originally Reported or Adjusted E7 Agricultural crops charitable contribution................................................. E8 Expenses related to certain federal tax credits. See instructions............... E9 Capital gain from exchange of legal tender.............................................. E10 Other subtractions from federal taxable income. See instructions............. E11 TOTALS: Add lines E1 through E10 in each column. Enter the amounts here and in the corresponding column on page 1, line 4........... Corrected Amount 00 SCHEDULE E Adjustments to Subtractions from Taxable Income E1 Recalculated Arizona depreciation........................................................... E2 Basis adjustment for property sold or otherwise disposed of during the taxable year.............................................................................................. E3 Dividends received from 50% or more controlled domestic corporations. E4 Foreign dividend gross-up........................................................................ E5 Dividends received from foreign corporation............................................ E6 Interest on U.S. obligations...................................................................... (c) (b) Amount to Add or Subtract (c) (b) Amount to Add or Subtract Corrected Amount 00 00 E1 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 E2 E3 E4 E5 E6 E9 E10 00 00 00 00 00 00 00 00 00 00 00 E11 00 E7 E8 The following declaration must be signed by one of the following officers: president, treasurer, or any other principal officer. Declaration Under penalties of perjury, I, the undersigned officer authorized to sign this return, declare that I have examined this return, including the accompanying schedules and statements, and to the best of my knowledge and belief, it is a true, correct and complete return, made in good faith, for the taxable year stated pursuant to the income tax laws of the State of Arizona. Please OFFICER’S SIGNATURE DATE TITLE Sign Here OFFICER’S PRINTED NAME PAID PREPARER’S SIGNATURE Paid Preparer’s DATE PAID PREPARER’S TIN PAID PREPARER’S PRINTED NAME Use Only FIRM’S NAME (OR PAID PREPARER’S NAME, IF SELF-EMPLOYED) FIRM’S EIN FIRM’S STREET ADDRESS FIRM’S TELEPHONE NUMBER CITY STATE ZIP CODE Mail to: Arizona Department of Revenue, PO Box 29079, Phoenix, AZ 85038-9079 ADOR 10341 (23) AZ Form 120X (2023) Page 3 of 5 Name (as shown on page 1) EIN Page SCHEDULE D Adjustments to Additions to Taxable Income Continued (a) As Originally Filed D6 Additions related to Arizona tax credits: A Pollution Control Credit: 1 Excess Federal Depreciation or Amortization.................................... 2 Excess in Federal Adjusted Basis..................................................... B Credit for Taxes Paid for Coal Consumed in Generating Electrical Power........................................................................................ C Credit for Employment of TANF Recipients.............................................. D Credit for Donation of School Site............................................................ E Credit for Motion Picture Production Costs.............................................. F Credit for Corporate Contributions to School Tuition Organizations........................................................................................... G Credit for Corporate Contributions to School Tuition Organizations for Displaced Students or Students with Disabilities................................................................................................ H Total Additions Related to Arizona Tax Credits: Enter this amount on page 3, Schedule D, line D6.................................. D8 Other additions to federal taxable income: A Positive Partnership Income Adjustment.................................................. B Federal Exploration Expenses................................................................. C Federal Amortization or Depreciation for Facilities and Equipment Amortized Under Arizona Law: 1 Pollution Control Devices.................................................................. 2 Child Care Facilities .......................................................................... D Expenses and Interest Relating to Income Not Taxed by Arizona...................................................................................... E Tax-Exempt Insurance Company Loss..................................................... F Amounts Repaid in Current Taxable Year................................................ G Excess Federal Capital Loss Carryover Under a Claim of Right Restoration.................................................................... H Domestic International Sales Corporations.............................................. I Expenditures for the Americans with Disabilities Act................................ J Treatment of Installment Obligations When Corporate Activities Cease in Arizona....................................................................... K Total Other Additions from Federal Taxable Income. Enter this amount on page 3, Schedule D, line D8.................................. ADOR 10341 (23) of AZ Form 120X (2023) (b) Amount to Add or Subtract (c) Corrected Amount 00 00 00 00 A1 A2 00 00 00 00 00 00 00 00 00 00 B C E 00 00 00 00 00 00 F 00 00 00 G 00 00 00 H 00 00 00 00 00 A B 00 00 00 00 00 00 C1 C2 00 00 00 00 00 00 00 00 D E F 00 00 00 00 00 00 00 00 00 G H I 00 00 00 00 00 J 00 00 00 K 00 D Page 4 of 5 Name (as shown on page 1) EIN Page SCHEDULE E Adjustments to Subtractions from Taxable Income Continued (a) As Originally Filed E8 Expenses Related to Certain Federal Tax Credits: A Work Opportunity Credit........................................................................... B Empowerment Zone Employment Credit................................................. C Credit for Employer-Paid Social Security Taxes on Employee Cash Tips................................................................................................. D Indian Employment Credit........................................................................ E Total Expenses Related to Certain Federal Tax Credits Enter this amount on page 3, Schedule E, line E8................................... E10 Other Subtractions From federal Taxable Income: A Refunds of Taxes Based on Income......................................................... B Negative Partnership Income Adjustment................................................ C Expense Recapture, Mine Explorations................................................... D Deferred Exploration Expenses................................................................ E Exploration Expenses: Oil, Gas or Geothermal Resources..................... F Arizona Amortization of Facilities and Equipment: 1 Pollution Control Devices.................................................................. 2 Cost of Child Care Facilities ............................................................. G Interest on Federal Taxable Arizona Obligations Evidenced by Bonds.................................................................................................. H Expenses and Interest Relating to Tax-Exempt Income........................... I Tax-Exempt Insurance Company Income................................................ J Claim of Right Adjustment........................................................................ K Dividends from Domestic International Sales Corporation (DISC)................................................................................... L Income from Disaster Relief Efforts.......................................................... M Expenditures for the Americans with Disabilities Act................................ N Contribution in Aid of Construction (see instructions).................................. O Marijuana Establishments only (see instructions): 1 Federal Disallowed Expenses, or...................................................... 2 Federal Taxable Income Attributable to NMMD Operations............... P Total Other Subtractions from Federal Taxable Income. Enter this amount on page 3, Schedule E, line E10................................. (b) Amount to Add or Subtract of (c) Corrected Amount 00 00 00 00 A B 00 00 00 00 00 00 C D 00 00 00 00 E 00 00 00 00 00 00 00 00 00 00 00 A B C D E 00 00 00 00 00 00 00 00 00 F1 F2 00 00 00 00 00 00 00 00 00 00 G H I J 00 00 00 00 00 00 00 00 00 00 K L M 00 00 00 00 00 N 00 00 00 00 00 O1 O2 00 00 00 00 P 00 Print ADOR 10341 (23) AZ Form 120X (2023) Page 5 of 5
Arizona Form 120X
More about the Arizona Form 120X Corporate Income Tax TY 2023
We last updated the Arizona Amended Corporation Income Tax Return in February 2024, so this is the latest version of Form 120X, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 120X directly from TaxFormFinder. You can print other Arizona tax forms here.
Other Arizona Corporate Income Tax Forms:
TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Schedule ACA | Schedule ACA - Air Carrier Apportionment |
| Form 120S | Arizona S Corporation Income Tax Return |
| Form 165 | Arizona Partnership Income Tax Return |
| Form 141AZ | Arizona Fiduciary Income Tax Return |
| 165 Schedule K-1 | Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income |
View all 96 Arizona Income Tax Forms
Form Sources:
Arizona usually releases forms for the current tax year between January and April. We last updated Arizona Form 120X from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Arizona Form 120X
We have a total of twelve past-year versions of Form 120X in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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