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Alabama Free Printable  for 2020 Alabama Alabama S Corporation Tax Return

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Alabama S Corporation Tax Return
Form 20S

*1900012S* CY •  S Corporation Information/Tax Return FY •  SY •  For the year Jan. 1 – Dec. 31, 2019, or other tax year beginning •_______________________, 2019, ending •_______________________, _________ ADOR 52/53 Week •  FEDERAL EMPLOYER IDENTIFICATION NUMBER Filing Status: (see instructions) Important FEDERAL BUSINESS CODE NUMBER • • •  1. Corporation operating only in Check NAME Alabama. applicable box: • •  2. Multistate Corporation – ADDRESS Apportionment (Sch. C). Initial • •  Return •  3. Multistate Corporation – Separate CITY STATE 9-DIGIT ZIP CODE Accounting (Prior written approval • • • Final •  Return required and must be attached) or STATE OF INCORPORATION NATURE OF BUSINESS DATE QUALIFIED IN ALABAMA Schedule B. • • • Amended NUMBER OF SHAREHOLDERS NUMBER OF NONRESIDENT SHAREHOLDERS FEDERAL S STATUS •  Return FORM 20S Reset Form DURING TAX YEAR • Federal Income Federal Deductions (see the instructions for limitations) Alabama Adjustments Tax Due INCLUDED IN COMPOSITE FILING • Alabama Department of Revenue AUDIT CHANGE • ELECTION TERMINATION 1. a. Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a • 00 b. Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b • 00 c. Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Cost of goods sold (attach Federal Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Gross Profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Net gain (loss) from Federal Form 4797, Part II, line 17 (attach Federal Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Total income (loss). Combine lines 3 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. Salaries and wages (less employment credits). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. Repairs and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. Depreciation not claimed on Federal Form 1125-A or elsewhere on return (attach Federal Form 4562) . . . . . . . . . . . . . . . . . . . . . 15. Depletion (Do not deduct oil and gas depletion). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. Total deductions (add lines 7 through 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21. Federal ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22. Alabama Nonseparately Stated Reconciliations (from Schedule A, line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23. Federal ordinary business income (loss) adjusted to Alabama basis (add lines 21 and 22). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24. Net nonbusiness (income)/loss – Everywhere (from Schedule B, line 1d, Column E) — please enter income as a negative amount and losses as a positive amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25. Apportionable income (add lines 23 and 24). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26. Alabama apportionment factor (from line 27, Schedule C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27. Income (loss) apportioned to Alabama (multiply line 25 by line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28. Net nonbusiness income/(loss) – Alabama (from Schedule B, line 1d, Column F). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29. Small Business Health Insurance Premium Deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30. Alabama ordinary income (loss) (add lines 27, 28, and 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31. Tax Due – •  Excess net passive income, •  LIFO Recapture, or •  Built-in Gains Tax. . . . . . . . . . . . . . . . . . . . . . . . . . 32. Tax Payments and Credits a. 2019 estimated tax payments and amount applied from 2018 return. . . . . . . . . 32a • 00 b. Extension payments (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32b • 00 c. Prior payments (original return or department adjustment) . . . . . . . . . . . . . . . . . 32c • 00 d. Tax credits (from Schedule PC, Part S, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32d • 00 e. Refundable Historic Tax Credit (from Schedule PC, Part S, line 6) . . . . . . . . . . 32e • 00 2019 • 1c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 • • • • • • • • • • • • • • • • • • • • • • • 24 25 26 27 28 29 30 31 • • • • • •( • • f. Total payments/credits (add lines 32a, 32b, 32c, 32d, and 32e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32f • 33. NET TAX DUE/(AMOUNT OVERPAID) subtract line 32f from line 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 • 34. Reductions/applications a. Credit to 2020 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34a • 00 b. Penalty due (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34b • 00 c. Interest due (computed on tax due only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34c • 00 d. Total additions to tax due/applications (add lines 34a through 34c) . . . . . . . . . . 34d • 00 35. Total amount due/(refund) (add lines 33 and 34d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 • If paying by check or money order, FORM PTE-V MUST ACCOMPANY PAYMENT. If you paid electronically, check here •  00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 % 00 00 ) 00 00 00 00 00 00 *1900022S* Page 2 FORM 20S – 2019 SCHEDULE A – (Nonseparately Stated Reconciliation Adjustments) Additions Deductions 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. State and Local income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Related members interest and intangible expenses or costs. From Schedule PAB (see instructions). . . . . . . . . . . . . . . . . . . . . . . . Other reconciling items (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nondeductible Federal Depreciation (Economic Stimulus Act of 2008) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Expenses not deductible on federal income tax return due to election to claim federal tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . Refunds of state and local income taxes (due to overpayment or over accrual on federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . . Aid or assistance provided to Alabama State Industrial Development Authority (§41-10-44.8(d)) . . . . . . . . . . . . . . . . . . . . . . . . . . . Other reconciling items (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Adjustments due to Federal Economic Stimulus Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Reconciliation Adjustments (subtract line 11 from line 5 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • • • • • • • • • • • 1 2 3 4 5 6 7 8 9 10 11 12 SCHEDULE B – Allocation of Nonbusiness Income, Loss, and Expense 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 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 applicable to both business DIRECTLY ALLOCABLE ITEMS ALLOCABLE GROSS INCOME / LOSS Column A Everywhere and nonbusiness income of the taxpayer shall be prorated to each class of income in determining income subject to tax as provided…” (See instructions). Do not complete if entity operates exclusively in Alabama. RELATED EXPENSE Column B Alabama Column C Everywhere NET OF RELATED EXPENSE Column D Alabama Column E Everywhere (Col. A less Col. C) Column F Alabama (Col. B less Col. D) Nonseparately stated items 1a 1b 1c • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 1d Total (add lines 1a, 1b, and 1c) Separately stated items 1e 1f 1g 1h Total (add lines 1e, 1f, and 1g) • I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer. Please Sign Here 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 true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.  Date Signature of Officer Daytime Telephone No. ( Social Security No. ) Title of Officer  Check if self-employed Preparer’s Signature Paid Preparer’s Use Only Telephone No. Firm’s Name (or yours • if self-employed) and address • •( )  Date Preparer’s PTIN • • E.I. No. • ZIP Code • Email Address Person to contact for information regarding this return: Name: • Telephone Number: • (                ) Email: • ADOR *1900032S* Page 3 FORM 20S – 2019 SCHEDULE C – Apportionment Factor Schedule. Do not complete if entity operates exclusively in Alabama. ALABAMA BEGINNING OF YEAR END OF YEAR TANGIBLE PROPERTY AT COST FOR PRODUCTION OF BUSINESS INCOME 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. • • • • • • • • • • • • • • • • • • • Less Construction in progress (if included) . . . . . . . . . . • Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Average owned property (BOY + EOY ÷ 2). . . . . . . . . . • Annual rental expense . . . . . . . . . . . . . . . . . . . . . . . . . . . x8 = • • Total average property (add line 11 and line 12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a • • • • • • • • • • • • x8 = • • . . . . . . . . . . . . . . . . . . . . . . . . 13b • Alabama property factor — 13a ÷ 13b = line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 • Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Furniture and fixtures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . . Buildings and leasehold improvements . . . . . . . . . . . . . IDB/IRB property (at cost). . . . . . . . . . . . . . . . . . . . . . . . . Government property (at FMV) . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 7 8 9 10 11 12 SALARIES, WAGES, COMMISSIONS AND OTHER COMPENSATION RELATED TO THE PRODUCTION OF BUSINESS INCOME 15. Alabama payroll factor — 15a ÷ 15b = 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. EVERYWHERE BEGINNING OF YEAR END OF YEAR 15a • • • • • • • • • • ALABAMA 15b • EVERYWHERE % 15c • % • ALABAMA EVERYWHERE SALES Destination sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 • Origin sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 • Total gross receipts from sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 • • Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 • • Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 • • Rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 • • Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 • • Gross proceeds from capital and ordinary gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 • • Other •___________________________________ (Federal 1120S, line •_____ ) • • Alabama sales factor — 25a ÷ 25b = line 25c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25a• 25b• 25c • Enter the amount from line 25c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 • Sum of lines 14, 15c, 25c, and 26 ÷ 4 = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 26, page 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 • % % % NOTE: If any factor is not utilized in the production of business income, it shall be eliminated and the denominator reduced accordingly (810-27-1-.09). SCHEDULE D – Apportionment of Federal Income Tax (“FIT”) (LIFO Recapture Tax Only) 1. Enter the LIFO recapture tax from Federal Form 1120S, line 22a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Alabama Apportionment Factor (Schedule C, line 27). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Federal income tax apportioned to Alabama (multiply line 1 by line 2) Enter here and on line 16 of Schedule K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 • 2 3 • SCHEDULE E – Alabama Accumulated Adjustments Account 1. Balance at beginning of tax year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Apportionable Income (page 1, line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Other reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Combine lines 1 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Less distributions (page 4, line 19 federal amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Balance at end of tax year. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 7 % • • • • • •( • ) SCHEDULE DE – Q-Sub/Disregarded Entity Schedule List all qualified subchapter S subsidiaries (Q-Sub) and/or disregarded entities. Attach additional schedule(s) if needed. Entity Name Income (Loss) From All Sources FEIN Alabama Source Income (Loss) 1. • • • • 2. • • • • 3. • • • • 4. • • • • 5. • • • • ADOR *1900042S* Page 4 FORM 20S – 2019 SCHEDULE G – Other Information Indicate tax accounting method used: •  Cash •  Accrual •  Other 1. Briefly describe your Alabama operations: • 2. Location of the corporate records: • 3. If the privilege tax return was filed using a different FEIN, please provide the name and FEIN used to file the return: NAME: • FEIN: • 4. If the corporation (a) was a C corporation before it elected to be an S corporation or the corporation acquired an asset with a basis determined by reference to the basis of the asset (or the basis of any other property) in the hands of the C corporation and (b) has net unrealized built-in gain in excess of the net recognized built-in gain from prior years, enter the net unrealized built-in gain 5. 6. 7. 8. reduced by net recognized built-in gain from prior years $ • Enter the accumulated earnings and profits of the corporation at the end of the tax year. $ • During the tax year, did the corporation have any non-shareholder debt that was canceled, forgiven, or modified terms so as to reduce the principal amount of the debt?  Yes  No During the tax year, was a qualified subchapter S election terminated or revoked? •  Yes •  No Did the corporation make any payments in 2019 that would require it to file Form(s) 1099? •  Yes •  No SCHEDULE K – Shareholder’s Distributive Share Items Multistate entities should not use Schedule K to allocate separately stated business income. See instructions for Schedule B. INCOME (LOSS) 1. Ordinary income (loss) (page 1, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. a. Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a • b. Expenses from other rental activities (attach statement) . . . . . . . . . . 3b • c. Other net rental income (loss). Subtract line 3b from line 3a.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. a. Short-term and long-term capital gain(loss) . . . . . . . . . . . . . . . . . . . . . 7a • b. Opportunity Zone Investment(from Schedule OZ, line 4). . . . . . . . . . 7b • c. Exemption of gain under 40-18-8.1(Tech Company). . . . . . . . . . . . . . 7c • ( ) d. Net short-term and long-term capital gain(loss), Add lines 7a, 7b and 7c. . . . . . . . . . . . . . . . . . . . . . 8. Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. Other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. Nonbusiness items (attach schedule) (Schedule B, Column B, line 1h). . . . . . . . . . . . . . . . . . . . . . . . . . DEDUCTIONS 11. Section 179 deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. a. Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Investment interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. Oil and gas depletion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. Casualty losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. U.S. taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. Nonbusiness items (attach schedule) (Schedule B, Column D, line 1h) . . . . . . . . . . . . . . . . . . . . . . . . . OTHER 18. a. Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Nondeductible expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. Distributions (attach statements if required) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. a. Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Investment expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other items and amounts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21. Total credits (attach Schedule PC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22. Composite payment made on behalf of owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23. Repayment of loans from shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24. Dividend distributions paid from accumulated earnings and profits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Federal Amount Apportionment Factor Apportioned Amount Enter on Alabama Schedule K-1 1 2 • • • • Part III, Line G Part III, Line H 3c 4 5 6 • • • • • • • • • • • • Part III, Line H Part III, Line J Part III, Line J Part III, Line J 7d • 8 • 9 • 10 • • • • • • • Part III, Line K Part III, Line K Part III, Line L Part III, Line M 11 12a 12b 13 14 15 16 17 • • • • • • • • • • • • • • • • • • • • Part III, Line N Part III, Line O Part III, Line P Part III, Line Q Part III, Line R Part III, Line S Part III, Line AA Part III, Line M 18a 18b 18c 19 20a 20b 20c 21 22 23 24 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Part III, Line T Part III, Line T Part III, Line U Part III, Line V Part III, Line W Part III, Line X Part III, Line Y Part II, Line F Part III, Line Z Part III, Line AB Part III, Line AC ADOR
Extracted from PDF file 2019-alabama-form-20s.pdf, last modified August 2019

More about the Alabama Form 20S Corporate Income Tax TY 2019

We last updated the Alabama S Corporation Tax Return in March 2020, so this is the latest version of Form 20S, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 20S directly from TaxFormFinder. You can print other Alabama tax forms here.

Other Alabama Corporate Income Tax Forms:

TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 41 Fiduciary Income Tax Return
Form FDT-V Fiduciary Income Tax Payment Voucher
Form 65 Partnership / Limited Liability Company Return of Income
Form 20C Alabama Corporation Income Tax Return
Form PTE-V Pass Through Entities Payment Voucher

Download all AL tax forms View all 48 Alabama Income Tax Forms


Form Sources:

Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Form 20S from the Department of Revenue in March 2020.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Alabama Form 20S

We have a total of eight past-year versions of Form 20S in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form 20S

20S TY 2005

Alabama S Corporation Information/Tax Return 2014 Form 20S

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