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  • Alabama Form Pte C 2012

Get Alabama Form Pte C 2012

FORM PTE-C SCHEDULE INSTRUCTIONS ALABAMA DEPARTMENT OF REVENUE Form PTE-C and Schedule PTE-CK1 Nonresident Composite Payment Return quirements. SCHEDULE PTE-CK1 LINES 1-11. Schedule PTE-CK1 serves as the third page of Alabama Form PTE-C and summarizes the requested information concerning nonresident shareholders and owners. Regulations to implement the law are available on the Department s Web site. Issues Concerning the Preparation of the 2010 A.

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On Feb. 12, Governor Kay Ivey signed into law the Alabama Electing Pass-Through Entity Tax Act (Act 2021-1) which, beginning with the 2021 tax year, allows Alabama S-Corporations and Subchapter K entities (pass-through entities or PTEs) to elect to pay Alabama income tax at the entity level.

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 .)

The act provides that members of an Electing PTE are required to report their share of the income from the Electing PTE and in turn will be entitled to a refundable credit in an amount equal to their pro rata or distributive share of the Alabama income tax paid by the electing pass-through entity.

For C-corporations with a fiscal year of June 30, the Alabama business privilege tax return is due no later than two and a half months after the beginning of a taxpayer's taxable year. Taxable year 2021 Form CPT would be due on September 15, 2021, for C-corporations with a fiscal year of June 30.

Original Due Date Domestic C corporation: For C corporations on a calendar year, the due date is May 15. For C corporations on a fiscal year other than a calendar year and June 30 year end, the due date is the 15th day of the 5th month following the end of the corporation's fiscal year.

How to File Your Alabama Business Privilege Tax Return Find your business entity's due date and determine your filing fees. Download and complete your tax return. File your return and pay your business privilege tax.

15 April for C corporations, 15 March for S corporations (Form 7004 may be filed to obtain an automatic six-month extension). Partner's Share of Income, Deductions, Credits, Etc. Information returns to be provided to partners.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232