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have an extended due date of Sept. 15, 2015.

line 3.

LINE 4 – Total amount of tax, interest, and penalty due. (Add lines 1 through 3)

LINE 5a – Enter the amount of overpayment as shown on the Form PTE-C return

Estimates

Estimate payments are not required by Alabama law. If you wish to make volun-

for the previous tax year.

tary estimated payments, your payment should be submitted with Form PTE-V.

LINE 5b – Enter the total amount of estimated tax payments and automatic ex-

tension payments made for the tax year.

LINE 5c – Enter the amount of composite payments made on behalf of the entity

NOTE: Form PTE-C is no longer required to be submitted with an estimated payment.

for the tax year. Please provide the name and FEIN of the entity making the com-

Payment of Tax

posite payment(s) – if multiple payers please attach a listing to the return.

The total tax liability on the calendar year composite return is due on or before

LINE 5d – Enter the total amount of all payments/credits. (Add lines 5a through

April 15, 2015 for Subchapter K entities. The total tax liability on the calendar year

5c.)

composite return is due on or before March 16, 2015 for S corporations. For fiscal

LINE 6 – Amount to be Remitted or (Overpayment)

year or short year taxpayers, the payment is due on or before the 15th day of the 4th

Enter the amount to be remitted or overpayment by subtracting line 5d from line

month following the close of the tax period for Subchapter K entities. For fiscal year

4. A positive amount represents an amount due. A negative amount represents an

or short year taxpayers, the payment is due on or before the 15th day of the 3rd month

overpayment.

following the close of the tax period for S corporations. Payments made after the

Form PTE-V must accompany the payment unless the payment is made electron-

original due date will be subject to interest and penalty charges. Make check or

ically. Complete the indicator on the return if the payment is made electronically.

money order payable to: Alabama Department of Revenue. Write the Subchapter K

LINE 7a – Enter the amount of overpayment to be credited to the following tax

entity’s/ S corporation’s Federal Employer Identification Number (FEIN), Form PTE-C,

year.

and the tax year on the payment and enclose Form PTE-V when payment is mailed.

LINE 7b – Enter the amount of overpayment to be refunded.

Section 41-1-20, Code of Alabama 1975 requires all single tax payments of $750

PAGE 2 – Provide the requested information concerning the entity filing the com-

or more to be made electronically. My Alabama Taxes (MAT) is a secure way to view

posite return if a partnership or LLC.

and access your tax information using the Internet. Anyone who has an account with

the Alabama Department of Revenue (ADOR) may register to access their tax infor-

mation through MAT. To sign up for MAT, go to https://myalabamataxes. alabama.

SCHEDULE PTE-CK1, LINES 1-11.

Schedule PTE-CK1 serves as the third page of Alabama Form PTE-C, and sum-

gov/_/#1. Form PTE-V is not required when payment is made electronically.

marizes the required information concerning nonresident shareholders and owners.

Give complete information regarding each nonresident owner/shareholder as re-

CAUTION: Do not attach the Form PTE-C or the Form PTE-C payment to the Form

quested in columns (A), (B), (C), (D), (E), (F), (G), and (H). Column (C) should indicate

65/Form 20S or vice versa.

one of the following: I = individual; F = trust/estate; P = partnership, LTD, LLC, LLP;

S = S corporation, E = exempt entity; C = corporation; IRA = individual retirement

Signature

arrangement; FGOV = foreign government or DE = disregarded entity.

The return must be signed by an authorized officer of the Subchapter K entity/S

Column (E) should include the amount of each nonresident owner’s/shareholder’s

corporation. Enter the date signed and the officer’s title. If the return is prepared by

pro rata share of nonseparately stated income plus portfolio income allocated and

someone other than an employee of the Subchapter K entity/ S corporation, enter the

apportioned to Alabama as reported on Schedule K-1, Line M and Line Q. Column

signature and identification information of the preparer.

(E) should not include separately stated items of loss, deduction or expense which

are subject to other limitations on the individual’s return. The pro rata share of these

Specific Instructions

At the top, right-hand corner, check the appropriate box indicating calendar year,

items can only be taken on the nonresident tax form. If a nonresident owner/ share -

fiscal year, or short-year. Fill in the blanks indicating the beginning and ending dates

holder has a loss, do not include him/her on Form PTE-C unless the loss is used to

of the tax period if the return is for a fiscal year or short period. Check the appropriate

offset guaranteed payment(s).

box indicating a Subchapter K entity or S corporation. Check the Qualified Investment

Column (F) should include the amount of each Subchapter K owner’s guaranteed

Partnership box if the return is being filed for a Qualified Investment Partnership.

payments allocated and apportioned to Alabama. Column (G) should be the total of

Check the box if this return serves as an amendment. Enter the Federal Employer

Columns (E) and (F). Column (H) should be the amount from Column (G) multiplied

Identification Number (FEIN), Federal Business Code, name, and mailing address

by 5%.

(with complete ZIP code) of the Subchapter K entity/ S corporation. Enter the number

If this report covers more than eleven (11) nonresident owners, attach additional

of owners/ share holders, and number of nonresident owners/shareholders included

pages providing the same information as requested on Schedule PTE-CK1. The to-

in composite return. Check the box if the address of the entity has changed since

tals from the additional pages of Schedule PTE-CK1 should be combined and re-

the last filing.

ported on line 13 of Schedule PTE-CK1.

LINE 1 – Enter the total amount of tax due from Schedule PTE-CK1, page 3 of

LINE 12 – Enter the totals from Page 3, columns (E) through (H).

PTE-C for every owner/shareholder.

LINE 13 – Enter the total from any additional pages of PTE-CK1, columns (E)

LINE 2 – If payment is being remitted after the original due date of the return,

through (H).

compute interest on the late payment in accordance with Section 40-1-44, Code of

LINE 14 – Enter the totals columns (E) through (G), (lines 12 + 13).

Alabama 1975, and enter the interest amounts in the applicable columns.

LINE 14H – Add lines 12 and 13, column H and enter here and on Page 1, line 1.

LINE 3 – If the return is not filed on or before the due date, enter a failure to timely

Unless Schedule PTE-CK1 is attached, this return is considered incomplete.

file penalty (the greater of 10% of the amount of net tax due or $50). The tax due

Note: For entities needing additional information about composite filing re-

and not paid by the original due date of the return will be subject to a failure to timely

quirements for Affordable Rental Housing Developments and Publicy Traded

pay penalty of 1% per month (for a maximum of 25%), which should be entered on

Partnerships, please call (334) 242-1033.

Form Pte-C And Schedule Pte-Ck1 Preparation Instructions - Nonresident Composite Paytment Return - 2014 Page 2

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