Form Et-1 - Financial Institution Excise Tax Return - Alabama Department Of Revenue - 2003 Page 5
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Form ET-1 (2003)
Schedule M – Federal Income Tax
(a) Taxpayers filing separate (nonconsolidated) federal returns should enter on line 1 below the amount of federal income tax actually paid during the year.
(b) If this corporation is a member of an affiliated group which files a consolidated federal return, indicate the number of the election made under IRC §1552.
______________________________________________________
1552(a)(1)
1552(a)(2)
1552(a)(3)
No Election Made
Other
Attach a copy of the common parent corporation’s current 1552 election letter.
Enter on line 1 the amount of the consolidated tax liability allocated to this corporation under the method indicated above. Ignore any supplemental elections under IRC
§1502. Attach a schedule of your computations.
1 Federal income tax deduction to be apportioned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Corporations not apportioning income should omit lines 2 through 4, and enter this amount on line 5.
1b
2
1c
2 Alabama income (from line 27, page 1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
2
3 Adjusted total income (from line 21, page 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Federal income tax apportionment factor (line 2 divided by line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
%
5 Federal income tax deduction apportioned to Alabama (multiply line 1 by line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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6 Refund of federal income tax deducted in prior year(s) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7
7 NET FEDERAL INCOME TAX DEDUCTION / (REFUND) (subtract line 6 from line 5). Enter here and on line 28, page 1. . . . . .
Other Information
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1 Briefly describe your Alabama operations.
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2 List other states in which corporation operates, if applicable.
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3 If this corporation is a member of an affiliated group which files a consolidated federal return, the following information must be provided:
(a) Copy of Federal Form 851, Affiliations Schedule. Identify by asterisk or underline the names of those corporations subject to tax in Alabama.
(b) Copy of the spreadsheet of the income statements for EVERY corporation in the consolidated group.
(c) Copy of the consolidated Federal Form 1120, pages 1-4, as filed with the IRS.
4 Are you currently being audited by the IRS?
Yes
No
5 Does this corporation file a business privilege tax return (Form PSA)?
Yes
No
___________________________________?
Under what Federal Identification Number
6 Location of the corporate records:
_____________________________________________________________________________________________________________
Street address:
________________________________________________
________________________________
________________________
City:
State:
Zip Code:
Mail to: Alabama Department of Revenue
Individual and Corporate Tax Division
FIET Unit
PO Box 327439
Montgomery, AL 36132-7439
RETURN AND TAX DUE BY APRIL 15, 2003
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Parent category: Financial