Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation Form In Montgomery
State:
Multi-State
County:
Montgomery
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
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Form popularity
FAQ
Step 1: Name Your Alabama LLC. Step 2: Choose a Registered Agent. Step 3: File the Alabama Certificate of Formation. Step 4: Create an Operating Agreement. Step 5: File Form 2553 to Elect Alabama S Corp Tax Designation.
Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.
Choose a business name for your S corp. File articles of incorporation. Issue stock for your S corp. Elect a board of directors and appoint officers. Meet other S corp eligibility requirements. Obtain an employer identification number. Elect S corp status. Apply for state and local S corp business licenses.
FORM 20C-C Alabama Consolidated Corporate Income Tax Return. The Form 20C-C must be filed by or on behalf of the members of the Alabama affiliated group in ance with Alabama Code Section 40-18-39, when a Consolidated Filing elec- tion has been made pursuant to Code Section 40-18-39(c).
How to Start an S Corp in Colorado Picking the right name for your business. Appointing a Colorado registered agent. Filing the Articles of Organization. Drafting an operating agreement. Registering your business with the Internal Revenue Service (IRS) and reviewing your tax responsibilities.
An S corporation is a corporation for which a valid election is in effect under section 1363(a) of the Internal Revenue Code. If a corporation is an S corporation for federal income tax purposes it is an S corporation for Colorado income tax purposes. S corporations are not subject to Colorado income tax.
Colorado's Corporate Income Tax Rate The Colorado corporate income tax rate is a flat 4.63%, the same as the state's personal income tax rate.
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Taxpayers whose business privilege tax is calculated to be $100 or less are not required to file a Business Privilege Tax Return (BPTIN/CPT/PPT). Also, beginning January 1, 2024, the Alabama Secretary of State Corporation Annual Report will no longer be filed with the Business Privilege Tax return.
Alabama recognizes the federal election to be treated as an S-Corporation through Form 20S. Find out more about S-Corporations including due dates, extensions, and filing in the FAQs.