Add Number Fields Legal Alabama Franchise Forms For Free

Every corporation, limited liability entity, and disregarded entity doing business in Alabama or organized, incorporated, qualified, or registered under the laws of Alabama is required to file an Alabama Business Privilege Tax Return.

A 52/53 week tax year is a fiscal tax year that varies from 52 to 53 weeks that ends on a set day of the week, and does not have to end on the last day of a month. Also, check the 52/53 week checkbox if the tax return is being filed by an entity with a 52/53 week filing election in place for the tax year.

For the taxable years beginning after December 31, 2023, there is a full exemption from the business privilege tax on tax due of $100 or less (Act 2022-252, §40-14(A)-22, Code of Ala., 1975).

If you know you cannot file your return by the due date, you do not need to file for an extension. You will automatically be granted an automatic six-month extension until October 15th to file. NO EXTENSION FORM (PAPER OR ELECTRONIC) IS REQUIRED TO BE FILED. There is no extension for payments.

The tax rate is 5 percent. What if a PTE makes estimated payments and does ultimately not make the election to be an Electing PTE for this tax year? A refund may be requested by the entity. To request a refund, use the form PTE-C and list the amount of estimate payments made on line 5b.

Form PTE-C is used to report Alabama taxable income for all or some of the nonresident owners/shareholders from reported Subchapter K entity or S corporation income and to make payment on behalf of the owners/shareholders in lieu of individual reporting. (CAUTION: Do not include losses on this form .) 1.

Entities can use Web Pay to pay for free and to ensure the payment is timely credited to their account. Entities can also use the Pass-Through Entity Elective Tax Payment Voucher (FTB 3893) to make a PTE elective tax payment by printing the voucher from FTB's website and mailing it to FTB.

How can I pay the Electing PTE's estimated tax installments? ? Estimated tax payments made by check should be submitted with the form PTE-V and mailed to the address provided on this form. Electronic payments can be made via ACH draft through My Alabama Taxes and do not require the form PTE-V.

Ing to the Alabama business privilege tax law, every corporation, limited liability entity, and disregarded entity doing business in Alabama or organized, incorporated, qualified, or registered under the laws of Alabama is required to file an Alabama Business Privilege Tax Return and Annual Report.