Form 20c - Corporation Income Tax Return - 1999 Page 2
ADVERTISEMENT
1
2
3
4PAGE 2
ALABAMA 20C – 1999
Schedule A
Reconciliation Adjustments of Federal Net Income to Alabama Net Income
The taxpayer should use this schedule to compute its entire net income (“everywhere” net income) applying Alabama tax laws and regulations. A list of items frequently
encountered in reconciling federal net income before net operating loss and special deductions to total income from all locations on an Alabama basis before federal income tax and
net operating loss carryforward is provided below. Blank lines are provided for additional items.
Multistate corporations should make adjustments to income for nonapportionable items in Schedule C.
ADDITIONS
1 State and local income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Foreign taxes deducted on the federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Total amounts of depletion deducted on the federal return (cost or percentage). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Federally tax exempt state, county, and municipal bond interest earned everywhere. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 The balance of capital losses carried over TO this year on the federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Charitable contributions deducted on the federal return in excess of the amount allowable for Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Federal depreciation taken in excess of Alabama depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Increase to Alabama net income resulting from IRS audit adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Federal depreciation on pollution control items included on Schedule B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Handicapped barrier depreciation on property located in Alabama deducted on the federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11 Expense attributed to exempt interest income on line 20 below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 LIFO reserve recapture (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Net income from foreclosure property (real estate investment trust) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14
14
15
15
16 Total additions (add lines 1 through 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
DEDUCTIONS
17 Refunds of state and local income taxes (due to overpayment or overaccrual on the federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
18 Cost depletion on NON oil and gas property per Alabama § 40-18-15(a)(9) and applicable regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
19 27-1/2% or cost depletion on oil and gas property per Alabama § 40-18-16 and applicable regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
20 State, county, and municipal bond interest income earned in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
21 Interest income earned on U.S. government obligations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
22 Dividends which qualify under Alabama Code § 40-18-35(a) 14 or § 40-18-35(a) 15 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
23 The balance of capital losses carried over FROM this year on the federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
24 Alabama depreciation taken in excess of federal depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
25 Wages not deducted on the federal return due to employment credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
26 Decrease to Alabama net income resulting from IRS audit adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
27 Pollution control expenditures made within Alabama (line 4, Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
28 Expense attributed to interest income on line 4 above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
29 Expense of removing barriers to the handicapped from property in Alabama. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
30 Charitable contributions deduction allowable for Alabama in excess of amount deducted on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
31 Contributions to Alabama Industrial Development Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31
32 Deduction for dividends paid by a real estate investment trust. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32
33
33
34
34
35
35
36 Total deductions (add lines 17 through 35). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36
37 TOTAL RECONCILIATION ADJUSTMENTS (subtract line 36 from line 16 above)
Enter here and on line 2, page 1 (enclose a negative amount in parentheses). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37
Pollution Control Election
Schedule B
NOTE: This election may NOT be made or changed AFTER the due date of this (original) return
Pursuant to Alabama §40-18-35, Code of Alabama 1975, taxpayer hereby elects to expense or amortize the amounts invested during the taxable year in all devices, facilities,
or structures and all identifiable components thereof or materials for use therein, used or placed in operation within the State of Alabama, acquired or constructed primarily for
the control, reduction or elimination of air or water pollution as set out below.
1 Total amount of pollution control expenditures made in Alabama during the tax year (attach itemized supporting schedule). . . . . . . . . . .
1
This above amount is to be:
Expensed
Amortized over ________ years
2 Amount from line 1 expensed or amortized this year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Amount amortized this year for prior period expenditures (attach itemized supporting schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 TOTAL POLLUTION CONTROL deduction on Alabama facilities (add lines 2 and 3) . Enter amount here and on
line 27, Schedule A. Also, Multistate Corporations apportioning income enter this amount on line 10a, page 1 . . . . . . . . . . . . . . . . . . .
4
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial