Form 65 - Partnership/limited Liability Company Return Of Income

Form 65 — 2000

Page 3

SCHEDULE D

APPORTIONMENT AND ALLOCATION OF INCOME TO ALABAMA (Complete only if partnership operates in other states)

1 Income or (loss) from line 12, Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Nonbusiness (income) or loss (Column E, line 2, Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Apportionable income or (loss) (subtract line 2 from line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Apportionment factor from line 25, Schedule C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Income or (loss) apportioned to Alabama (multiply amount on line 3 by the percentage on line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Nonbusiness income or (loss) allocated to Alabama (Column F, line 2, Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Alabama income or (loss) (add lines 5 and 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE E

APPORTIONMENT REQUIRED INFORMATION

1 Indicate method of accounting

(a)

cash

(b)

accrual

(c)

other

2 Is this company currently under IRS audit?

yes

If yes, what years are involved? __________________

3 Has the IRS completed any audits?

yes

(If yes, attach copies with this return.)

4 Enter this company’s Alabama Withholding Tax Account #

5 Briefly describe your operations

6 Indicate if company has been

(a)

dissolved

(b)

sold

(c)

incorporated

If company has been dissolved, sold, or incorporated, complete the following:

Nature of change

Name and address of new company, corporation, or owner(s)

7 The books and records of the company are kept at

Instructions For Preparation of Alabama

2000

FORM

Partnership/Limited Liability Company Return of Income

INSTRUCTIONS

Attach A Copy of Federal Form 1065, U.S. Partnership Return of Income

The Alabama Partnership/Limited Liability Company Income Tax Return cannot

received or entered on the books. If the books are kept on an accrual basis, the

be considered complete if Federal Form 1065, stating all income and deductions,

accrued expenses should be used. If the books are not kept on the accrual basis,

is not attached. Failure to attach Form 1065 will constitute improper preparation

report all income received or constructively received such as bank interest, and

subjecting the return to treatment as a delinquent return.

also include all expenses actually paid.

Voluminous depreciation and like schedules may be omitted; however, a list of

SIGNATURES AND VERIFICATION. General Member. Form 65 is not consid-

all omitted schedules must be attached and must be presented if requested.

ered a return unless it is signed. One general member must sign the return. If a

receiver, trustee in bankruptcy, or assignee controls the organization’s property or

LIABILITY FOR FILING RETURNS. Every partnership/limited liability compa-

business, that person must sign the return.

ny, syndicate, pool, and joint venture shall submit a return to the Alabama Depart-

ment of Revenue for each taxable year stating specifically the items of its gross

Paid Preparer’s Information. Generally, anyone who is paid to prepare the

income and the deductions allowed by Alabama Income Tax Law, and shall include

return must sign the return and fill in the other blanks in the Paid Preparer’s Use

on the return the names, addresses, and social security numbers of the members

Only area of the return.

who would be entitled to share in the net income, whether or not distributed, and

The preparer required to sign the return MUST complete the required preparer

the amount of the distributive shares of each individual. The furnishing of the social

information, and

security numbers of the members of the partnership is required and will be used for

• Sign, by hand, in the space provided for the preparer’s signature. (Signature

identification purposes.

stamps or labels are not acceptable.)

The partnership must be a bona fide partnership. If it appears from the relation-

• Give the company a copy of the return in addition to the copy being filed with

ship between the individual partners or other circumstances that the partnership is

the Alabama Department of Revenue.

not bona fide, but is claimed merely for the purpose of reducing taxes, the partner-

ship may be challenged. Proof of the existence of a bona fide partnership will then

TIME AND PLACE FOR FILING. Returns made on the basis of calendar year

be required.

shall be made on or before the 15th day of April following the close of the calendar

year. Returns made on the basis of fiscal year shall be made on or before the 15th

FOREIGN PARTNERSHIP. A partnership/limited liability company maintaining

day of the fourth month following the close of the fiscal year. If the 15th falls on Sat-

a home office outside Alabama (designated foreign company) and doing business

both within and without the State should file a return on Form 65, and attach a rider

urday or Sunday, the following Monday shall be the last day for filing this return.

Mail the return to: Alabama Department of Revenue, Individual and Corporate

showing the Alabama income, deductions, and net income attributable to Alabama

Tax Division, P.O. Box 327441, Montgomery, AL 36132-7441. If the return can-

either using direct accounting method or proration method corresponding to books

not be filed by the due date, an Application for Extension (Form 4868A) should be

and accounting system maintained by the company. If direct accounting method is

filed with the Alabama Department of Revenue. (NOTE: FEDERAL EXTENSIONS

used by a foreign company, it must first obtain approval from the Alabama Depart-

WILL NOT BE ACCEPTED.) Except in the case of taxpayers who are abroad, no

ment of Revenue. If the proration method is used, Alabama net income shall be

determined as provided for Multistate Corporations in regulations of Code Section

such extension shall be for more than six months.

40-27-1. The names and addresses of the individual members, whether resident or

INFORMATION AT THE SOURCE. Every company, association, or agent mak-

nonresident of Alabama, and each member’s share of the adjusted gross income,

ing payments of salaries and wages or similar compensation must file Forms A-2

whether distributed or not, should be entered on Schedule K.

(or W-2) on or before February 28, 2001. Also, every partnership, association, or

ACCRUAL OR CASH BASIS INCOME. If the books of account are kept on an

agent making payments of interest, rents, premiums, annuities, compensations,

accrual basis, report all income accrued even though it has not been actually

remunerations, emoluments or other fixed or determinable gains, profits, and

Form 65 - Partnership/limited Liability Company Return Of Income - 2000 Page 3

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