Form 20c - Corporation Income Tax Return - Alabama Department Of Revenue - 2016 Page 4
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41600042C
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ALABAMA 20C – 2016
PAGE
Federal Income Tax (FIT) Deduction/(Refund)
Schedule E
(a) If this corporation is an accrual-basis taxpayer and files a separate
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.
(noncon solidated) federal income tax return with the IRS, skip to line 6 and
enter the amount of federal income tax liability shown on Form 1120. Cash-
•
1552(a)(1) •
1552(a)(2) •
•
1552(a)(3)
No Election Made
basis taxpayers filing separate (nonconsolidated) federal returns should enter
•
Other ______________________________________________________________
on line 6 below the amount of federal income tax actually paid during the year.
(b) Methods 1552(a)(1) or 1552(a)(2), enter on line 6 the amount of the
1552(a)(1) enter separate company income from line 30 of the proforma 1120 for this
company on line 1.
consolidated tax liability allocated to this corporation from line 5.
1552(a)(2) enter separate company tax liability from line 31 of the proforma 1120 for this
(c) If using Method 1552(a)(3), enter on line 6 the amount of the consolidated
company on line 1.
Alternative Minimum Tax (AMT) paid?
Yes
No
tax allocated to this corporation. Attach a schedule of your computations. Ignore
Note: If AMT is paid for this year, use Alternative Minimum Taxable Income to determine
any supplemental elections under IRC §1502.
Lines 1 and 2 below.
1 This company’s separate federal taxable (income/tax) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
•
2 Total positive consolidated federal taxable (income/tax) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
•
3 This company’s percentage (divide line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
•
4 Consolidated federal income tax (liability/payment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
%
•
5 Federal income tax for this company (multiply line 3 by line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
•
6 Federal income tax to be apportioned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
•
7 Alabama income, page 1, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
•
8 Adjusted total income, page 1, line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
•
9 Federal income tax ratio (divide line 7 by line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
•
10 Federal income tax apportioned to Alabama (multiply line 6 by line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
10
•
11 Less refunds or adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
•
12 Net federal income tax deduction / <refund> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
•
Other Information
1. Briefly describe your Alabama operations. •
2. List locations of property within Alabama (cities and counties). •
3. List other states in which corporation operates, if applicable. •
4. Indicate your tax accounting method:
•
Accrual •
Cash •
Other •
5. If this corporation is a member of an affiliated group which files a con soli dated 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) Signed copy of consolidated Federal Form 1120, pages 1-5, as filed with the IRS.
(c) Copy of the spreadsheet of income statements; all supporting schedules for all legal entities that file as part of the consolidated federal group including (but
not limited to) a copy of the spreadsheet of income statements (which includes a separate column that identifies the eliminations and adjustments used in completing
(d) Copy of federal Schedule K-1 for each tax entity that the corporation holds an interest in at any time during the taxable year.
the federal consolidated return), beginning and ending balance sheets, Schedule M-3 for the entire federal consolidated group.
(e) Copy of federal Schedule(s) UTP.
6. Enter this corporation’s federal net income (see instructions for page 1, line 1) for the last three (3) years, as last determined (e.g.: per amended federal return or IRS audit).
2015 •___________________ 2014 •_________________ 2013 •___________________
7. Check if currently being audited by the IRS. •
8. Location of the corporate records: Street address: •
City: •
State: •
ZIP: •
9. Person to contact for information concerning this return:
Name: •
Email Address: •
Telephone: • (
)
10. If this entity filed an Alabama Business Privilege tax return under a different FEIN than the one listed on this Form 20C, please enter that number here: •
Non-payment returns,
Payment returns, mail with
mail to:
payment voucher (Form BIT-V) to:
Alabama Department of Revenue
Alabama Department of Revenue
Individual and Corporate Tax Division
Individual and Corporate Tax Division
Corporate Tax Section
Corporate Tax Section
PO Box 327430
PO Box 327435
Montgomery, AL 36132-7430
Montgomery, AL 36132-7435
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