Form 2220al - Alabama Underpayment Of Estimated Tax For Corporations - 2014 Page 4
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51400122C
Form 2220AL – 2014
Page 4
ADOR
SCHEDULE A – Annualized Income Installment Method
(a)
(b)
(c)
(d)
First
First
First
First
1 Annualization periods (see instructions) . . . . . . . . . . . . . . . . . . . . . . .
1
Months
Months
Months
Months
2 Enter Annualized Taxable Income (loss) by period from line 23c of
Federal Form 2220 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Federal Net Operating Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Reconciliation adjustments (from line 25, Schedule A) . . . . . . . . . . .
4
5 Net Nonbusiness (income)/loss (Everywhere) from
Schedule C, line 2, col. E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Annualized Taxable Income by period, adjusted to
Alabama basis. (Enter total of lines 2, 3, 4 and 5).. . . . . . . . . . . . . . .
6
%
%
%
%
7 Corporation’s Alabama apportionment factor. . . . . . . . . . . . . . . . . . .
7
8 Multiply line 6 by line 7. Enter the result. . . . . . . . . . . . . . . . . . . . . . .
8
9 Net nonbusiness income/(loss) – Alabama (from
Schedule C, line 2, col. F). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Corporation’s Federal Income Tax Deduction . . . . . . . . . . . . . . . . . .
10
11 Corporation’s Alabama Net Operating Loss Deduction . . . . . . . . . . .
11
12 Other Tax Preference Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Enter the total of lines 9, 10, 11 and 12. . . . . . . . . . . . . . . . . . . . . . . .
13
14 Subtract line 13 from line 8. Enter the result.. . . . . . . . . . . . . . . . . . .
14
15 Calculate the tax on the amount on line 14 using the
instructions for Form 20C.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16 Credits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
17 Subtract line 16 from line 15. Enter the result.. . . . . . . . . . . . . . . . . .
17
25%
50%
75%
100%
18 Applicable percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
19 Multiply line 17 by line 18. Enter the result here and
on line 43, Part VI of this form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
SCHEDULE B – Adjusted Seasonal Installment Method
(a)
(b)
(c)
(d)
First 3 months
First 5 months
First 8 months
First 11 months
1 Enter taxable income for the following periods:
a Tax year beginning in 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1a
b Tax year beginning in 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
c Tax year beginning in 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
2 Enter taxable income for each period for the tax year
beginning in 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
First 4 months
First 6 months
First 9 months
Entire Year
3 Enter taxable income for the following periods:
a Tax year beginning in 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3a
b Tax year beginning in 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3b
c Tax year beginning in 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3c
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