Form Psi - Instructions For The Preparation Of The Alabama Business Privilege Tax Return And Annual Report - 2004 Page 4

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days in the short taxable year bears to 365.
IX. Amended Returns
X. Electronic Funds Transfer Tax
For all other returns, enter 100%.
Payment and Filing
In most cases, taxpayers have 3 years from
Line 24
the date a tax return is due or filed, whichever is
Section 41-1-20, Code of Alabama 1975,
Net Privilege Tax Due is calculated by multi-
later, to file an amended return.
requires the use of Electronic Funds Transfer
plying Line 22 by Line 23.
To file an amended return:
(EFT) for all tax payments of $25,000 or more.
Line 25
(1) Complete Form PSA for the year you are
Taxpayers must register to use EFT, call the
Enter Alabama Enterprise Zone Credit.
trying to amend.
Revenue Department EFT Hotline at 1-800-322-
Attach supporting documentation from the Ala-
(2) Check the “Amended Return” box on the
4106 or (334) 242-0192 for further information.
bama Department of Economic & Community
front of Form PSA.
If payment is made by EFT mail completed
Affairs (ADECA). (Section 40-14A-42)
(3) Attach a detailed explanation and sup-
return to:
Line 26
porting documentation relating to any changes
Alabama Department of Revenue
Privilege Tax Due is calculated by subtracting
made to the original filing.
EFT Unit
Line 25 from Line 24. The minimum due is $100.
(4) Mail the amended return to:
P.O. Box 327950
For the maximum amounts due, see Chart 2 of
Alabama Department of Revenue
Montgomery, AL 36132-7950
the Tax Rate Schedule, which is located at the
Business Privilege Tax Section
top of page 3.
P.O. Box 327431
Montgomery, AL 36132-7431
PAGE 4

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