Instructions for Form ET-1C Consolidated Financial Institution Excise Tax Return - Alabama

This document contains official instructions for Form ET-1C , Consolidated Financial Institution Excise Tax Return - a form released and collected by the Alabama Department of Revenue.

FAQ

Q: What is Form ET-1C?A: Form ET-1C is the Consolidated Financial Institution Excise Tax Return in Alabama.

Q: Who needs to file Form ET-1C?A: Financial institutions in Alabama that meet certain criteria need to file Form ET-1C.

Q: What is the purpose of Form ET-1C?A: The purpose of Form ET-1C is to report and calculate the excise tax owed by financial institutions in Alabama.

Q: What information do I need to complete Form ET-1C?A: You will need information about your financial institution's income, deductions, credits, and other relevant financial details.

Q: When is the deadline to file Form ET-1C?A: The deadline to file Form ET-1C is on or before the 15th day of the fourth month following the close of the financial institution's tax year.

Q: Can I file Form ET-1C electronically?A: Yes, electronic filing is available for Form ET-1C.

Q: Are there any penalties for late filing of Form ET-1C?A: Yes, there are penalties for late filing, so it is important to file on time.

Q: Can I get an extension to file Form ET-1C?A: Yes, you can request an extension to file Form ET-1C, but the extension only applies to the filing deadline, not the payment deadline.