Form 20С 2017 Corporation Income Tax Return - Alabama

Form 20С or the "Corporation Income Tax Return" is a form issued by the Alabama Department of Revenue.

Download a PDF version of the latest Form 20С down below or find it on the Alabama Department of Revenue Forms website.

ADVERTISEMENT
2017
20C
FORM
1700012C
•CY
Alabama
Corporation Income Tax Return
•FY
Department of Revenue
Reset Form
•SY
ADOR
•52/53 WK
For the year January 1 – December 31, 2017, or other tax year beginning
_______________________, 2017, ending
_______________________, ________
Check
Filing Status: (see instructions)
FEDERAL BUSINESS CODE NUMBER
FEDERAL EMPLOYER IDENTIFICATION NUMBER
applicable
box:
1. Corporation operating only in
NAME
Alabama.
ADDRESS
Apportionment (Sch. D-1).
2. Multistate Corporation –
PL 86-272
CITY, STATE, COUNTRY (IF NOT U.S.)
9-DIGIT ZIP CODE
Initial
Percentage of Sales (Sch. D-2).
3. Multistate Corporation –
return
STATE OF INCORPORATION
DATE OF INCORPORATION
DATE QUALIFIED IN ALABAMA
NATURE OF BUSINESS IN ALABAMA
Final
4. Multistate Corporation – Separate
return
This company files as part of a consolidated federal return.
Accounting (Prior written approval
Amended
Common parent corporation: (See page 4, “Other Information,” number 5.)
required and must be attached).
return
Name
FEIN
5. Proforma Return – files as part of
Address
change
Alabama Affiliated Group.
Notification of Final IRS change
Federal Form 1120-REIT filed
2220AL Attached
1 FEDERAL TAXABLE INCOME (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
2 Federal Net Operating Loss (included in line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Reconciliation adjustments (from line 26, Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4
4 Federal taxable income adjusted to Alabama Basis (add lines 1, 2 and 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Net nonbusiness (income)/loss – Everywhere (from Schedule C, line 2, col. E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Apportionable income (add lines 4 and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7
7 Alabama apportionment factor (from line 27, Schedule D-1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
8 Income apportioned to Alabama (multiply line 6 by line 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9
9 Net nonbusiness income/(loss) – Alabama (from Schedule C, line 2, col. F) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
10 Alabama income before federal income tax deduction (line 8 plus line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11a Federal income tax deduction /(refund) (from line 12, Schedule E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11a
11b
b Small Business Health Insurance Premiums (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Alabama income before net operating loss (NOL) carryforward (line 10 less lines 11a and b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13
13 Alabama NOL deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
14 Alabama taxable income (line 12 less line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 Alabama Income Tax (6.5% of line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16 Tax Payments, Credits, and Deferral:
16a
a Carryover from prior year (2016). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16b
b 2017 estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c 2017 composite payment(s) made on behalf of this entity (see instructions). . . . . . . . . . . .
UNLESS A COPY OF THE
16c
FEDERAL RETURN IS
Paid by •
FEIN •
16d
d Extension payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ATTACHED, THIS RETURN
e Payments prior to adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16e
WILL BE CONSIDERED
INCOMPLETE. (SEE ALSO
16f
f Credits (from Section E, line E3, Schedule BC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PAGE 4, OTHER
16g
g LIFO Reserve Tax Deferral (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
INFORMATION, NO. 5.)
16h
h Total Payments, Credits, and Deferral (add lines 16a through 16g) . . . . . . . . . . . . . . . . . . . .
17 Reductions/applications of overpayments
a Credit to 2018 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17a
17b
b Penny Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17c
c Penalty due (see instructions) Late Payment Estimate
Other
17d
d Interest due (see instructions) Estimate Interest
Interest on Tax
17e
e Total reductions (total lines 17a, b, c and d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Total amount due/(refund) (line 15 less 16h, plus 17e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
If you paid electronically check here:
Please
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief they are
I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.
Sign
Here
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
(
)
Signature
Title
Date
Daytime Telephone No.
Paid
Date
Preparer’s Tax Identification Number
Preparer’s
Preparer’s
Check if
signature
Use Only
self-employed
Firm’s name (or yours,
Tel. No.
(
)
E.I. No.
if self-employed)
ZIP Code
and address
2017
20C
FORM
1700012C
•CY
Alabama
Corporation Income Tax Return
•FY
Department of Revenue
Reset Form
•SY
ADOR
•52/53 WK
For the year January 1 – December 31, 2017, or other tax year beginning
_______________________, 2017, ending
_______________________, ________
Check
Filing Status: (see instructions)
FEDERAL BUSINESS CODE NUMBER
FEDERAL EMPLOYER IDENTIFICATION NUMBER
applicable
box:
1. Corporation operating only in
NAME
Alabama.
ADDRESS
Apportionment (Sch. D-1).
2. Multistate Corporation –
PL 86-272
CITY, STATE, COUNTRY (IF NOT U.S.)
9-DIGIT ZIP CODE
Initial
Percentage of Sales (Sch. D-2).
3. Multistate Corporation –
return
STATE OF INCORPORATION
DATE OF INCORPORATION
DATE QUALIFIED IN ALABAMA
NATURE OF BUSINESS IN ALABAMA
Final
4. Multistate Corporation – Separate
return
This company files as part of a consolidated federal return.
Accounting (Prior written approval
Amended
Common parent corporation: (See page 4, “Other Information,” number 5.)
required and must be attached).
return
Name
FEIN
5. Proforma Return – files as part of
Address
change
Alabama Affiliated Group.
Notification of Final IRS change
Federal Form 1120-REIT filed
2220AL Attached
1 FEDERAL TAXABLE INCOME (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
2 Federal Net Operating Loss (included in line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Reconciliation adjustments (from line 26, Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4
4 Federal taxable income adjusted to Alabama Basis (add lines 1, 2 and 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Net nonbusiness (income)/loss – Everywhere (from Schedule C, line 2, col. E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Apportionable income (add lines 4 and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7
7 Alabama apportionment factor (from line 27, Schedule D-1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
8 Income apportioned to Alabama (multiply line 6 by line 7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9
9 Net nonbusiness income/(loss) – Alabama (from Schedule C, line 2, col. F) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
10 Alabama income before federal income tax deduction (line 8 plus line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11a Federal income tax deduction /(refund) (from line 12, Schedule E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11a
11b
b Small Business Health Insurance Premiums (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Alabama income before net operating loss (NOL) carryforward (line 10 less lines 11a and b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13
13 Alabama NOL deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
14 Alabama taxable income (line 12 less line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 Alabama Income Tax (6.5% of line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16 Tax Payments, Credits, and Deferral:
16a
a Carryover from prior year (2016). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16b
b 2017 estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c 2017 composite payment(s) made on behalf of this entity (see instructions). . . . . . . . . . . .
UNLESS A COPY OF THE
16c
FEDERAL RETURN IS
Paid by •
FEIN •
16d
d Extension payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ATTACHED, THIS RETURN
e Payments prior to adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16e
WILL BE CONSIDERED
INCOMPLETE. (SEE ALSO
16f
f Credits (from Section E, line E3, Schedule BC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PAGE 4, OTHER
16g
g LIFO Reserve Tax Deferral (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
INFORMATION, NO. 5.)
16h
h Total Payments, Credits, and Deferral (add lines 16a through 16g) . . . . . . . . . . . . . . . . . . . .
17 Reductions/applications of overpayments
a Credit to 2018 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17a
17b
b Penny Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17c
c Penalty due (see instructions) Late Payment Estimate
Other
17d
d Interest due (see instructions) Estimate Interest
Interest on Tax
17e
e Total reductions (total lines 17a, b, c and d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Total amount due/(refund) (line 15 less 16h, plus 17e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
If you paid electronically check here:
Please
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief they are
I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.
Sign
Here
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
(
)
Signature
Title
Date
Daytime Telephone No.
Paid
Date
Preparer’s Tax Identification Number
Preparer’s
Preparer’s
Check if
signature
Use Only
self-employed
Firm’s name (or yours,
Tel. No.
(
)
E.I. No.
if self-employed)
ZIP Code
and address
1700022C
2
ALABAMA 20C – 2017
PAGE
Reconciliation Adjustments of Federal Taxable Income to Alabama Taxable Income
Schedule A
§40-18-33, Code of Alabama 1975, defines Alabama Taxable Income as federal taxable income without the benefit of the federal net operating loss plus specific
additions and less specific deductions. The specific additions and deductions are reflected in the lines provided below. Other reconciliation items include transition
adjustments to prevent duplicate deduction or duplicate taxation of items previously deducted or reported on Alabama income tax returns.
ADDITIONS
1 State and local income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
2 Federal exempt interest income (other than Alabama) on state, county and municipal obligations (everywhere). . . . . . . . . . . . . . . . . . .
3 Dividends from corporations in which the taxpayer owns less than 20 percent of stock to the extent properly deducted on
3
federal income tax return (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Federal depreciation on pollution control items previously deducted for Alabama (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Net income from foreclosure property pursuant to §10A-10-1.21 (real estate investment trust).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Related members interest or intangible expenses or costs. From Schedule AB (see instructions).
Total Payments 6a •
minus Exempt Amount
6b •
equals
6c
7 Captive REITS: Dividends Paid Deduction (from federal Form 1120-REIT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Contributions not deductible on state income tax return due to election to claim state tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 •
9
10
10 Total additions (add lines 1 through 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCTIONS
11 Refunds of state and local income taxes (due to overpayment or over accrual on the federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Interest income earned on direct obligations of the United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Interest income earned on obligations of Alabama or its subdivisions or instrumentalities to extent included in
13
federal income tax return (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Interest income earned on obligations issued prior to 12/31/1994 of this state or its subdivisions or instrumentalities
14
pursuant to §40-9B-7, to extent included in federal income tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 Aid or assistance provided to the Alabama State Industrial Development Authority pursuant to §41-10-44.8(d) . . . . . . . . . . . . . . . . . . .
15
16 Expenses not deductible on federal income tax return due to election to claim a federal tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
17
17 Dividends described in 26 U.S.C. §78 from corporations in which taxpayer owns more than 20% of stock (see instructions) . . . . . . . . .
18 Dividend income – more than 20% stock ownership (including that described in 26 U.S.C. §951) from non-U.S.
18
corporations to extent dividend income would be deductible under 26 U.S.C. §243 if received from domestic corporations.. . . . . . . . . .
19 Dividends received from foreign sales corporations as determined in 26 U.S.C. §922 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . .
19
20 Interest portion of rent paid under lease agreements entered into prior to January 1, 1995, relating to obligations of this state and its
20
subdivisions pursuant to §40-9B-7(c) through (e) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Amount of the oil/gas depletion allowance provided by §40-18-16 that exceeds the federal allowance (see instructions) . . . . . . . . . . . .
21
22 Additional Alabama depreciation related to Economic Stimulus Act of 2008 (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
23 •
23
24 •
24
25 Total deductions (add lines 11 through 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
26 TOTAL RECONCILIATION ADJUSTMENTS (subtract line 25 from line 10 above).
26
Enter here and on line 3, page 1 (enclose a negative amount in parentheses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama Net Operating Loss Carryforward Calculation (§40-18-35.1, Code of Alabama 1975)
Schedule B
Column 1
Column 2
Column 3
Column 4
Column 5
Loss Year End
Amount of Alabama
Amount used in years
Amount used
Remaining unused
MM / DD / YYYY
net operating loss
prior to this year
this year
net operating loss
Alabama net operating loss (enter here and on line 13, page 1).
ADOR
1700032C
3
ALABAMA 20C – 2017
PAGE
Allocation of Nonbusiness Income, Loss, and Expense – Use only if you checked Filing Status 2, page 1
Schedule C
Alabama. Adjustment(s) must also be made for any proration of expenses under Alabama Income Tax Rule 810-27-1-.01, which states, “Any allowable deduction that is
Identify by account name and amount, all items of nonbusiness income, loss and expense removed from apportionable income and those items which are directly allocable to
applicable to both business and nonbusiness income of the taxpayer shall be prorated to each class of income in determining income subject to tax as provided…” (See
instructions.)
ALLOCABLE GROSS INCOME / LOSS
RELATED EXPENSE
NET OF RELATED EXPENSE
DIRECTLY ALLOCABLE ITEMS OF
NONBUSINESS INCOME OR LOSS
Column A
Column B
Column C
Column D
Column E
Column F
Everywhere
Alabama
Everywhere
Alabama
Everywhere
Alabama
1a
b
c
d
e
2 NET NONBUSINESS INCOME / LOSS
Column E
Column F
Enter Column E total ((income)/loss) on line 5 of page 1. Enter Column F total (income/(loss)) on line 9 of page 1 . . . . . . . . . . . . . .
Apportionment Factor – Use only if Filing Status 2 or Filing Status 5, page 1 with Multistate Operations –
Schedule D-1
Amounts must be Positive (+) Values
TANGIBLE PROPERTY AT COST FOR
ALABAMA
EVERYWHERE
PRODUCTION OF BUSINESS INCOME
BEGINNING OF YEAR
END OF YEAR
BEGINNING OF YEAR
END OF YEAR
1 Inventories
2 Land
3 Furniture and fixtures
4 Machinery and equipment
5 Buildings and leasehold improvements
6 IDB/IRB property (at cost)
7 Government property (at FMV)
8 •
9 Less Construction in progress (if included)
10 Totals
11 Average owned property (BOY + EOY ÷ 2)
12 Annual rental expense
x8 =
x8 =
13
Total average property (add line 11 and line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a
13b
14 Alabama property factor — 13a ÷ 13b = line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . .
14
%
15a
ALABAMA
15b
EVERYWHERE
15c
SALARIES, WAGES, COMMISSIONS AND OTHER COMPENSATION
RELATED TO THE PRODUCTION OF BUSINESS INCOME
15 Alabama payroll factor — 15a ÷ 15b = 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
SALES
ALABAMA
EVERYWHERE
16 Destination sales (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Origin sales (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Total gross receipts from sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 Royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 Gross proceeds from capital and ordinary gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 Other •
(Federal 1120, line •
)
25 Alabama sales factor — 25a ÷ 25b = line 25c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25a
25b
25c
26 Alabama sales factor (Enter the same factor as on line 25c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
26
27 Sum of lines 14, 15c, 25c, and 26 ÷ 4 = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 7, page 1). . . . . . . . . . . . . . . . . . 27
%
%
Percentage of Sales – Use only if you checked Filing Status 3, page 1 – See instructions
Schedule D-2
DO NOT USE THIS SCHEDULE IF ALABAMA SALES EXCEED $100,000.
ALABAMA
EVERYWHERE
1 Destination Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Origin Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Total gross receipts from sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Tax due (multiply line 3, Alabama by .0025) (enter here and on page 1, line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ADOR
1700042C
4
ALABAMA 20C – 2017
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, enter separate company income from line 30 of the proforma 1120 for this company
(noncon solidated) federal income tax return with the IRS, skip to line 6 and
on line 1 per 1552(a)(1) election.
enter the amount of federal income tax liability shown on Form 1120. Cash-
basis taxpayers filing separate (nonconsolidated) federal returns should enter
Alternative Minimum Tax (AMT) paid? •
Yes •
No
on line 6 below the amount of federal income tax actually paid during the year.
(b) Only Method 1552(a)(1) can be used to calculate the Federal Income Tax
Note: If AMT is paid for this year, use Alternative Minimum Taxable Income to determine
Deduction. Enter on line 6 the amount of the consolidated tax liability allocated
lines 1 and 2 or line 6 below.
to this corporation from line 5.
1 This company’s separate federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Total positive consolidated federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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).
2016 •___________________ 2015 •_________________ 2014 •___________________
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
ADOR

Download Form 20С 2017 Corporation Income Tax Return - Alabama

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