Form 20C-CRE Election to File Consolidated Corporate Income Tax Return - Alabama

Form 20C-CRE Election to File Consolidated Corporate Income Tax Return - Alabama

What Is Form 20C-CRE?

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.

FAQ

Q: What is Form 20C-CRE?
A: Form 20C-CRE is the Election to File Consolidated Corporate Income Tax Return form.

Q: What is a Consolidated Corporate Income Tax Return?
A: A Consolidated Corporate Income Tax Return is a tax return that combines the income and deductions of multiple related corporations for federal income tax purposes.

Q: Who needs to file Form 20C-CRE?
A: Form 20C-CRE must be filed by a parent company that wants to include one or more subsidiaries in a consolidated tax return.

Q: Can all corporations file a consolidated tax return?
A: No, only corporations that meet certain requirements can file a consolidated tax return.

Q: What are the requirements to file a consolidated tax return?
A: To file a consolidated tax return, the parent company must directly or indirectly own at least 80% of the voting power and 80% of the total value of the stock of each subsidiary.

Q: How do I file Form 20C-CRE?
A: Form 20C-CRE can be filed electronically or by mail. The instructions on the form provide detailed information on how to complete and submit it.

Q: Is there a deadline for filing Form 20C-CRE?
A: Yes, Form 20C-CRE must be filed on or before the original due date of the parent company's federal income tax return.

Q: Are there any penalties for not filing Form 20C-CRE?
A: Yes, failure to file Form 20C-CRE or filing it late may result in penalties and interest charges imposed by the Alabama Department of Revenue.

Q: Can I amend my Form 20C-CRE?
A: Yes, if you discover an error or need to make changes to your filed Form 20C-CRE, you can file an amended return using Form 20C-CRE-A.

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Form Details:

  • Released on February 1, 2020;
  • 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;

Download a fillable version of Form 20C-CRE by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.

Download Form 20C-CRE Election to File Consolidated Corporate Income Tax Return - Alabama

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