Schedule NRC-EXEMPT "Subchapter K Affidavit of Exemption by Nonresident" - Alabama

What Is Schedule NRC-EXEMPT?

This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2017;
  • The latest edition provided by the Alabama Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Schedule NRC-EXEMPT by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.

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Download Schedule NRC-EXEMPT "Subchapter K Affidavit of Exemption by Nonresident" - Alabama

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NRC-EXEMPT
SCHEDULE
8/17
XX0012NC
Reset Form
A
D
R
LABAMA
EPARTMENT OF
EVENUE
I
& C
T
Subchapter K Affidavit of Exemption by Nonresident
NDIVIDUAL
ORPORATE
AX
For the tax year beginning ________________________ and ending ________________________
This form is to be completed by a nonresident member to certify exemption from AL Code §40-18-24.2. This form should be re-
turned to the entity before the original due date of the entity’s return and a copy should be attached to the entity’s composite
and income tax return each year.
TO BE COMPLETED BY NONRESIDENT MEMBER
NAME OF NONRESIDENT MEMBER
FEIN OF NONRESIDENT MEMBER
TELEPHONE NUMBER
STREET ADDRESS
CITY
STATE
ZIP
INFORMATION OF ENTITY REQUESTING EXEMPTION
NAME
FEIN OF ENTITY
TELEPHONE NUMBER
STREET ADDRESS
CITY
STATE
ZIP
Check the box that applies and sign on page 2:
1. Real Estate Investment Trust (REIT)
This election is required only once. Copies of original affidavit should be attached to future years’ returns.
Must not be a captive REIT pursuant to AL Code §40-18-1
By checking the box above, the above named member hereby certifies that it:
a. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes, files returns and pays all AL tax
liabilities due for all years in which it is a member and the entity owns property in AL, does business in AL, or otherwise
derives income from AL sources.
b. Has provided the requesting entity the signed original of this form on or before the due date (without extension) for filing
the entity’s income tax return for the taxable year for which the composite exemption is being requested.
c. Will make estimated income tax payments if required; and
d. Certifies that it will not owe any taxes as a result of the dividends paid deduction entitled to REITS.
The above named member hereby certifies that its share of taxable income sourced to Alabama does not result in unrelated
2. Exempt organization (annual election required)
business taxable income.
The above named member hereby certifies that it pays to Alabama a tax on its premium income and is not subject to Alabama
3. Insurance company member (annual election required)
income tax.
By checking the box above, the above named member hereby certifies that it:
4. Pre-Approved Tiered Structure Exemption (prior written approval required and a copy must be attached each year)
a. Elects to remit a composite payment on behalf of its nonresident members’ shares of the taxable income sourced to this
state in the same manner and subject to the same requirements as the entity in which it owns a direct interest.
b. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes together with related interest
and penalties; and
c. Has provided the requesting entity the signed original of this form 30 days before the due date (without extension) for
filing the entity’s income tax return for the taxable year for which the composite exemption is being requested.
NRC-EXEMPT
SCHEDULE
8/17
XX0012NC
Reset Form
A
D
R
LABAMA
EPARTMENT OF
EVENUE
I
& C
T
Subchapter K Affidavit of Exemption by Nonresident
NDIVIDUAL
ORPORATE
AX
For the tax year beginning ________________________ and ending ________________________
This form is to be completed by a nonresident member to certify exemption from AL Code §40-18-24.2. This form should be re-
turned to the entity before the original due date of the entity’s return and a copy should be attached to the entity’s composite
and income tax return each year.
TO BE COMPLETED BY NONRESIDENT MEMBER
NAME OF NONRESIDENT MEMBER
FEIN OF NONRESIDENT MEMBER
TELEPHONE NUMBER
STREET ADDRESS
CITY
STATE
ZIP
INFORMATION OF ENTITY REQUESTING EXEMPTION
NAME
FEIN OF ENTITY
TELEPHONE NUMBER
STREET ADDRESS
CITY
STATE
ZIP
Check the box that applies and sign on page 2:
1. Real Estate Investment Trust (REIT)
This election is required only once. Copies of original affidavit should be attached to future years’ returns.
Must not be a captive REIT pursuant to AL Code §40-18-1
By checking the box above, the above named member hereby certifies that it:
a. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes, files returns and pays all AL tax
liabilities due for all years in which it is a member and the entity owns property in AL, does business in AL, or otherwise
derives income from AL sources.
b. Has provided the requesting entity the signed original of this form on or before the due date (without extension) for filing
the entity’s income tax return for the taxable year for which the composite exemption is being requested.
c. Will make estimated income tax payments if required; and
d. Certifies that it will not owe any taxes as a result of the dividends paid deduction entitled to REITS.
The above named member hereby certifies that its share of taxable income sourced to Alabama does not result in unrelated
2. Exempt organization (annual election required)
business taxable income.
The above named member hereby certifies that it pays to Alabama a tax on its premium income and is not subject to Alabama
3. Insurance company member (annual election required)
income tax.
By checking the box above, the above named member hereby certifies that it:
4. Pre-Approved Tiered Structure Exemption (prior written approval required and a copy must be attached each year)
a. Elects to remit a composite payment on behalf of its nonresident members’ shares of the taxable income sourced to this
state in the same manner and subject to the same requirements as the entity in which it owns a direct interest.
b. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes together with related interest
and penalties; and
c. Has provided the requesting entity the signed original of this form 30 days before the due date (without extension) for
filing the entity’s income tax return for the taxable year for which the composite exemption is being requested.
XX0013NC
2
NRC-EXEMPT (8/17)
Page
By checking the box above, the above named member hereby certifies that it:
5. Capital Credit Exemption (annual election required)
a. Has only AL sourced income that is derived from the capital project, and it expects all of its potential liability to be fully
offset by the capital credit.
b. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes together with related interest
and penalties; and
c. Has provided the requesting entity the signed original of this form on or before the due date (without extension) for filing
the entity’s income tax return for the taxable year for which the composite exemption is being requested.
By checking the box above, the above named member hereby certifies that it:
6. C Corporations with losses (annual election required)
a. Is a C-Corporation that has been in a loss position for the three most recent tax years and expects to be in a loss posi-
tion for the current.
b. Has provided this form to the entity in which it is a member on or before the due date (without extension) for filing the
entity’s income tax return for the taxable year for which the composite payment is required; and
c. Will make estimated income tax payments, if required.
This form is to be completed by a nonresident member to certify exemption from AL Code §40-18-24.2. This form should be
returned to the entity before the original due date of the entity’s return and a copy should be attached to the entity’s composite
and income tax return each year.
I authorize a representative of the Department of Revenue to discuss this form with the entity requesting exemption and any
preparer named below.
UNDER PENALTIES OF PERJURY, I swear that the above information is to the best of my knowledge and belief, true, correct, and
complete.
Signature of authorized person(s)
Date
Print name(s) and title(s) of the authorized person(s)
Paid Preparer’s Use Only
Date
Preparer’s PTIN
Preparer’s
Signature
Check if
self-employed
Telephone No.
E.I. No.
Firm’s Name (or yours
if self-employed)
(
)
and address
ZIP Code
Email
Address
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