RESET                  PRINT
                                                                                                                                                                        FORM 1120XNF
                                           Amended Nebraska Financial Institution Tax Return
                                           Year beginning __________________________ ,________  and ending__________________________, ________                          2020
                        Name of Financial Institution                                                                      Please Do Not Write In This Space

                        Street or Other Mailing Address

                        City                                       State                                Zip Code

 Please Type or Print   Nebraska ID Number                                                              Federal ID Number 

 Type of financial institution – check applicable box: 
                      (1)    Bank  (2)     Savings Association (3) Credit Union                     (4) Other
                                  • Enter dollar amounts in ones, not in thousands (for example, $14 million must be written as $14,000,000).
                                           Computation of Tax                                           (A)                       (B)                                   (C)
                                                                                                    As Originally Reported      Net Change                              Correct Amount
                                                                                                    or As Adjusted         (Explain on Schedule I)
                      1 Preceding year-end deposits ........................................     1                                                                    1
  2 First quarter ending deposits ........................................                       2                                                                    2
  3 Second quarter ending deposits ...................................                           3                                                                    3
  4 Third quarter ending deposits .......................................                        4                                                                    4
  5 Fourth quarter ending deposits ....................................                          5                                                                    5
  6 Total deposits (total of lines 1 through 5) ......................                           6                                                                    6
  7 Average deposits (line 6 amount divided by 5) .............  7                                                                                                    7
  8 Financial institution tax (line 7 multiplied by .00047) ....                                 8                                                                    8
  9 Net income before income taxes and
                       discontinued operations (if net loss, enter -0-) ..............  9                                                                             9
 10 Limitation amount (line 9 multiplied by .0381) ..............                                10                                                                   10
 11 Enter line 8 or line 10, whichever is less .......................  11                                                                                            11
 12 CDAA credit (attach Form CDN) ...................................                            12                                                                   12
 13 New Markets Tax Credit (NMTC) (attach Form 3800N)                                            13                                                                   13
 14 Nebr. Historic Tax Credit (NHTC) (attach Form 3800N)  14                                                                                                          14
 15 Affordable Housing Tax Credit (AHTC)
                       (attach Form 3800N) ..................................................... 15                                                                   15
 16  Total nonrefundable credits ...........................................                     16                                                                   16
 17  Nebr. tax after nonrefundable credits (if less than 0, enter 0)   17                                                                                             17
 18 Nebr. Property Tax Incentive Act Credit (attach Form PTC)   18                                                                                                    18
 19 Voluntary estimated tax payment (if any) ......................                              19                                                                   19
 20 Tax paid with original return, plus additional payments made after it was filed ............................................                                      20
 21 Total credits and payments (total of lines 18, 19 and 20)  ............................................................................   21
 22 Overpayment allowed on original return, plus additional overpayments allowed after it was filed ...............                                                   22
 23 Line 21 minus line 22  ..................................................................................................................................         23
 24 Nebraska financial institution tax due (line 17 minus line 23) ......................................................................                             24
 25 Penalty ......................................................................................................................................................... 25
 26 Interest due ..................................................................................................................................................   26
 27 BALANCE DUE (total of lines 24, 25, and 26)      Check this box if payment is made electronically  ...                                                            27
 28 REFUND (line 23 minus line 17) Complete lines 29a, 29b, and 29c to receive your refund electronically ..                                                          28
29a Routing Number                                                                                      29b Type of Account                1   Checking                 2   Savings 
29c Account Number
29d    Check this box if this refund will go to a bank account outside of the United States.
                                  Under penalties of perjury, I declare that I have examined this amended return, including accompanying schedules and statements, and to the best of my 
                             knowledge and belief, it is correct and complete.
 sign
 here                        Authorized Signature                             Date                                 Email Address

                        paid Title                                            Daytime Phone 
preparer’s                   Preparer’s Signature                             Date                                 Preparer’s PTIN
use only
                             Firm’s Name (or yours if self-employed), Address, and Zip Code                        EIN                                                  Daytime Phone 
                                                       Complete Nebraska Schedule  I                — Explanation of Changes, on reverse side.
                      Mail this amended return and remit payment (electronically, if required) to: Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818.
                                                               revenue.nebraska.gov, 800-742-7474 (NE and IA), 402-471-5729                                                           8-765-2020

                                                                                              FORM 1120XNF
                                                                                              Schedule I
                            Nebraska Schedule  I  — Explanation of Changes
                                                                                              2020

                                            Nebraska Department of Revenue Use Only
Batch Number   Report Number                   Claim Number              Amount Refunded      Amount Received

                                                  Instructions
When to File. A 2020 Amended Nebraska Financial Institution Tax Return, Form 1120XNF, must be filed if:
             • The financial institution’s net financial income or amount of deposits for tax year 2020 are changed by a state 
               or federal regulatory agency; or
             • An error was made on the financial institution’s original Nebraska Financial Institution Tax Return, 
               Form 1120NF, for 2020.
The 2020 Form 1120XNF can only be filed after the financial institution has filed a Form 1120NF for tax year 2020.
Note: An amended return claiming a refund of tax previously paid must be filed within 90 days of the date the tax was 
due or paid, whichever date is later; or within 90 days after receiving notification of a change in the amount of net 
financial income or deposits from a state or federal regulatory agency.
Prior Years
             • Use Form 1120XNF for the tax year corresponding to the return being amended for tax years after 2000.
             • Use Form 1120XNF-3 to amend tax years 1993 – 2000.
             • Contact the Nebraska Department of Revenue (DOR) to obtain the appropriate form for amending a return 
               for tax years prior to 1993.
                                     How to Complete Form 1120XNF-2020
Reminder for Financial Institutions Filing as S Corporations. For financial institutions filing as S corporations, 
if the amount of tax as originally reported on line 17 of Form 1120NF has been changed, the financial institution must 
provide each shareholder with an amended Statement of Nebraska Financial Institution Tax Credit, Form NFC. If a 
trust owns shares of the financial institution, each beneficiary must be provided with an amended Form NFC. Clearly 
mark Form NFC as “AMENDED.” 
Lines 1-17, Computation of Tax. Refer to the line-by-line instructions on the      Nebraska Financial Institution Tax 
Return, Form 1120NF, for information on calculating average deposits and net income.
Column A, Original or Adjusted Amount. Enter the amounts shown on the original Nebraska Financial Institution 
Tax Return, Form 1120NF, or as later adjusted.
Column B, Net Change. Enter the net changes to the amounts entered in column A. All entries in column B must 
be explained in detail on Nebraska Schedule I with supporting schedules and documents, if any.
Column C, Correct Amount. Enter the corrected totals after the increases or decreases shown in column B. If there 
are no changes, enter the amount from column A.
Line 19, Voluntary Estimated Tax Payment. Enter the amount of any voluntary estimated tax payment previously 
filed using Form 1120NF-ES.
Line 20, Tax Payments. Enter the amount of tax paid with the original return plus any additional tax paid after the 
original return was filed. 
Line 21, Total Refundable Credits and Payments. Enter the total of lines 18, 19 and 20. 
Line 22, Overpayment.       Enter the amount of overpayment allowed on the original return, plus any additional 
overpayments allowed after the original return was filed. 
Line 24, Additional Tax Due. If line 17 is greater than line 23, subtract the amount on line 23 from the amount on 
line 17 and enter the difference here.
Line 25, Penalty. If the original return was not filed by its due date and line 24 indicates a tax due, compute a penalty 
for failure to file in a timely manner as follows:
             • Compute the number of months or fraction of a month from the due date of the original return to the date 
               the amended return is filed; 

 •     Multiply the amount due on line 24 by 5% per month or fraction of a month as determined above; and
 •     Limit the total penalty to 25% of the amount on line 24.
Additional penalties may be imposed for:
 •     Failing to file a return and pay tax due on or before the due date; 
 •     Failing to file the Amended Nebraska Financial Institution Tax Return, Form 1120XNF, to report changes 
       made to the financial institution’s amount of deposits or net financial income;
 •     Preparing or filing a fraudulent Nebraska tax return; or
 •     Understating deposits or net income before income taxes and discontinued operations on a financial 
       institution Nebraska tax return. Filing a false or fraudulent Nebraska tax return is subject to penalty, even 
       if the amounts reported are taken from the financial institution’s federal tax return or reports filed with state 
       or federal regulatory agencies.
Line 26, Interest Due. Compute interest at the statutory rate of 3% beginning January 1, 2021, on the additional tax 
due (line 24) from the original due date to the date the tax is paid. See Revenue Ruling 99-20-2 for applicable interest 
rates for prior years. Interest is not credited for an overpayment of tax if the refund is issued within 90 days after the 
last date prescribed for filing the return.
Line 27, Balance Due. Payment of tax, penalty, and interest due may be made electronically.
Electronic Payment.   Financial institutions that made tax payments exceeding $5,000 in a prior year are required 
to make all payments electronically. 
E-pay (Nebraska e-pay, ACH Credit, Tele-pay).     Pay the amount due electronically. It’s secure, easy, and fast. 
Details on electronic payments can be found on DOR’s website.
Credit Card. Secure credit card payments can be initiated through Official Payments at   officialpayments.com, or 
via telephone at 800-272-9829. Eligible credit cards include American Express, Discover, MasterCard, and VISA. 
A convenience fee (2.35% of the tax payment, $1 minimum) will be charged to the credit card used. This fee is paid 
to the credit card vendor, not DOR, and will appear on the credit card statement separately from the tax payment.
Check or Money Order. Include a check or money order payment to the Nebraska Department of Revenue with 
your return. Checks written to DOR may be presented for payment electronically.
Line 28, Refund. DOR recommends having any refund on line 28 directly deposited to the financial institution’s 
bank account. See line 29a-d instructions below. 
Lines 29a-29d, Direct Deposit. To have a refund directly deposited into a checking or savings account, enter the 
routing number and account number associated with the account.
 •     29a. The routing number is listed first and must be nine digits. 
 •     29b. Indicate the type of account – checking or savings.
 •     29c. The account number is listed to the right of the routing number and can be up to 17 digits. 
 •     29d. Box 29d complies with new financial institution rules regarding International ACH Transactions 
       (IATs). Refunds to accounts outside of the United States cannot be processed as direct deposits and, instead, 
       will be mailed.
Sign and Date the Tax Return.      This return must be signed by an officer of the financial institution. If another 
person is authorized to sign this return, a power of attorney must be on file with DOR or attached to the return. 
Email. By entering an email address, the taxpayer acknowledges that DOR may contact the taxpayer by email. 
The taxpayer accepts any risk to confidentiality associated with this method of communication. DOR will send 
all confidential information by secure email or the State of Nebraska’s file share system. If you do not wish to be 
contacted by email, write “Opt Out” on the line labeled “email address.”
Paid Preparer’s Use Only. Any person who is paid for preparing a financial institution’s return must sign the 
return as preparer. The preparer must enter his or her Preparer Tax ID Number (PTIN), the firm’s name, and Federal 
Employer ID Number (EIN).
Schedule I. Provide a complete explanation of the reasons for filing the amended return. When filing an amended 
return to reflect corrected Call Report information, attach copies of the changed pages from the Call Report. If 
the amended return is being filed due to a change made by a state or federal regulatory agency, a dated copy of the 
regulatory agency’s notice must also be attached. 
Contact Information. If you need additional assistance, contact:   
 Nebraska Department of Revenue
 PO Box 94818
 Lincoln, NE 68509-4818
 800-742-7474 (NE and IA) or 402-471-5729.
 revenue.nebraska.gov