Corporate income tax is imposed at the federal level on all entities treated as corporations (see Entity classification below), and by 47 states and the District of Columbia. Certain localities also impose corporate income tax.
Claiming all eligible business expenses is key to reducing your overall tax bill. Deductible business expenses include office supplies, employee wages, travel, and professional fees. These can be deducted from your taxable income, helping to reduce your company's taxable profit.
FORM 20C-C Alabama Consolidated Corporate Income Tax Return. The Form 20C-C must be filed by or on behalf of the members of the Alabama affiliated group in ance with Alabama Code Section 40-18-39, when a Consolidated Filing elec- tion has been made pursuant to Code Section 40-18-39(c).
Alabama has a 6.50 percent corporate income tax rate. Alabama also has a 4.00 percent state sales tax rate and an average combined state and local sales tax rate of 9.29 percent. Alabama has a 0.36 percent effective property tax rate on owner-occupied housing value.
Alabama Department of Revenue, P O Box 154, Montgomery, AL 36135-0001. When should I file my Alabama Individual Income Tax Return? Generally, your Alabama Individual Income Tax Return is due on April 15th, unless the 15th is a weekend or holiday, then the return is due the next business day.
Alabama requires that payments for amounts due on Forms CPT and PPT must be made electronically if they exceed $750.
Business Privilege Tax Rate The rates range from $0.25 to $1.75 for each $1,000 of net worth in Alabama. The minimum business privilege tax is $50.
Corporate income tax is imposed at the federal level on all entities treated as corporations (see Entity classification below), and by 47 states and the District of Columbia. Certain localities also impose corporate income tax.
Form CPT: Alabama Business Privilege Tax Return and Annual Report for C-Corporations and Other Specified Entities. Form PPT: Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only.