Form 20s - S Corporation Information/tax Return - 2007
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40700012S
A
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LABAMA
CY
FORM
20S
2007
D
R
EPARTMENT OF
EVENUE
FY
SY
S Corporation Information/Tax Return
For the year January 1 – December 31, 2007, or other tax year beginning _______________________, 2007, ending _______________________, _________
Data Summary
FEDERAL BUSINESS CODE NUMBER
FEDERAL EMPLOYER IDENTIFICATION NUMBER
Important
Total federal income
Check
NAME
Total federal deductions
applicable
box:
ADDRESS
Total assets as shown on Form 1120S
Initial
Return
Alabama Apportionment Factor from
CITY, STATE, COUNTRY (IF NOT U.S.)
9-DIGIT ZIP CODE
Schedule C, line 26
Final
Return
STATE OF INCORPORATION
NATURE OF BUSINESS
DATE QUALIFIED IN ALABAMA
CN
Amended
Return
CHECK IF THE CORPORATION OPERATES
IF YOU FILED A RETURN FOR 2006 AND THE ABOVE
IN MORE THAN ONE STATE . . . . . . . . . . . . . . .
7004 Attached NAME AND ADDRESS IS DIFFERENT, CHECK HERE. .
UNLESS A COPY OF FORM 1120S IS ATTACHED, THIS RETURN IS INCOMPLETE
SCHEDULE A – Computation of Separately Stated and Nonseparately Stated Income / Tax
1 Federal Ordinary Income or (Loss) from trade or business activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
00
Reconciliation to Alabama Basis (see instructions)
2 Net short-term and long-term capital gains – income or (loss) . . . . . .
2
00
(
)
3 Salaries and wages reduced for federal employment credits . . . . . . .
3
00
Adjustments
4 State and local net income taxes paid/(refund). . . . . . . . . . . . . . . . . . .
4
00
to Federal
5 Net income or (loss) from rental real estate activities . . . . . . . . . . . . .
5
00
Ordinary
6 Net income or (loss) from other rental activities . . . . . . . . . . . . . . . . . .
6
00
Income
7 Net gain or (loss) under I.R.C. §1231 (other than casualty losses). .
7
00
(
)
8 Depreciation on I.R.C. §179 property placed in service prior to 1990
8
00
(Loss)
9 Other reconciliation items (attach schedule) . . . . . . . . . . . . . . . . . . . . .
9
00
10 Net reconciling items (add lines 2 through 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
00
11 Net Alabama nonseparately stated income or (loss) (add line 1 and line 10). . . . . . . . . . . . . . . . . . . . . . . . . .
11
00
Separately Stated Items (Related to Business Income)
(
)
12 Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
00
(
)
13 Oil and gas depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
00
(
)
14 I.R.C. §179 expense deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
00
(
)
15 Casualty losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
00
16 Portfolio income less expenses (complete Schedule K). . . . . . . .
16
00
17 Other separately stated items (attach schedule) . . . . . . . . . . . . . .
17
00
18 Net separately stated items (add line 12 through 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
00
19 Total separately stated and nonseparately stated items (add line 11 and line 18) . . . . . . . . . . . . . . . . . . . . .
19
00
20 Nonseparately Stated Income Allocated and Apportioned to Alabama from Schedule E, line 7. . . . . . . . . .
20
00
21 ALABAMA INCOME TAX (see instructions and attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
00
22 Tax Payments, Credits, and Deferrals:
a. 2007 estimated tax payments and amounts applied
from 2006 return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22a
00
b. Payments made with extension (see instructions). . . . . . . . . . . . . .
22b
00
c. Payments prior to amendment (original return or
Department adjustment). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22c
00
d. Tax credits (from line 3, Schedule G) (see instructions). . . . . . . . .
Tax Due,
22d
00
e. Total payments (add lines 22a, 22b, 22c and 22d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22e
00
Payments,
23 NET TAX DUE (subtract line 22e from line 21). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
00
and
24 Reductions/applications of overpayments
Credits
a. Penalties (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24a
00
b. Interest due (computed on tax due only). . . . . . . . . . . . . . . . . . . . . .
24b
00
c. Amount to be credited to 2008 estimated tax . . . . . . . . . . . . . . . . . .
24c
00
d. Total reductions/applications (add lines 24a, 24b and 24c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24d
00
25 Amount to be refunded (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
00
26 TOTAL AMOUNT DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
00
27 Amount of check or money order attached to this return (enter zero and check box if paid by EFT) . . . . . .
27
00
If paying by check or money order, place payment along with Form BIT-V loose in mailing envelope. (Form BIT-V MUST ACCOMPANY PAYMENT.)
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