Alabama Alabama S Corporation - Agreement of Nonresident Shareholder
Extracted from PDF file 2020-alabama-schedule-nra.pdf, last modified November 2016
Alabama S Corporation - Agreement of Nonresident Shareholder*XX0014NR* Schedule NRA Rev. 9/16 ALABAMA DEPARTMENT OF REVENUE RESET FORM Alabama S-Corporation Nonresident Agreement For the year January 1 – December 31, 20_____, or other tax year beginning ______________________ 20______, ending ______________________ 20_____. SHAREHOLDER SOCIAL SECURITY NUMBER / FEIN S CORPORATION FEIN • SHAREHOLDER TAX YEAR CORPORATION TAX YEAR • NAME NAME • LEGAL RESIDENCE ADDRESS CITY CITY STATE OF LEGAL RESIDENCE ZIP STATE ZIP SHAREHOLDER’S ENTITY TYPE AGREEMENT (1) I hereby agree that I will timely file a nonresident income tax return with the Alabama Department of Revenue and include therein my pro rata share of the income, loss and deductions of the above named entity for any taxable year in which I am a shareholder and will pay any tax liability due thereon. (2) I hereby irrevocably appoint the registered agent of the above entity and any agent or officer of the entity present in Alabama as my agent for service of process of any documents from the Alabama Department of Revenue in connection with my income tax returns or those of the entity, and that I hereby consent to personal jurisdiction by the State of Alabama in connection with my income tax returns or those of the entity. In addition, I hereby appoint the following person or firm in Alabama as agent for service of process: (OPTIONAL) ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ (3) This agreement will be binding upon my heirs, representatives, assignees, successors, executors and administrators. (4) I understand this agreement may not be revoked or cancelled after the due date (with extensions) of the entity’s Alabama return. __________________________________________________ __________________________________________________ SIGNATURE OF OWNER / SHAREHOLDER TITLE OR STATUS (If shares are jointly owned, each owner must execute a separate agreement. If held as trustee or custodian, indicate title or status. If executed under power of attorney, so state.) A COPY OF THIS FORM MUST BE ATTACHED TO THE ALABAMA FORM 20S RETURN EACH YEAR THE AGREEMENT IS IN EFFECT. ADOR Instructions for Completion of Schedule NRA Schedule NRA must be completed by each nonresident shareholder of the entity. Once filed, Schedule NRA remains in effect until the shareholder notifies the entity in writing that the Schedule NRA has been revoked. A copy should be filed with the Alabama Form 20S return each year. A copy of Schedule NRA should be maintained for future reference. If the Schedule NRA is not submitted timely by the entity on behalf of the nonresident shareholder, when applicable, the entity must complete the Form PTE-C on behalf of that shareholder and pay to the state an amount equal to the highest income tax rate applicable to individuals multiplied by the owner's pro rata share of income allocated and apportioned to this State as reflected in the entity's return for the period in question. In the spaces provided at the top of the form, insert the name and legal residence address of the shareholder. Also include the taxpayer identification number (Social Security Number or Federal Employer Identification Number) and the tax year of the owner. BE SURE TO ENTER THE LEGAL RESIDENCE OF THE SHAREHOLDER. For the S corporation, enter the Federal Employer Identification Number (FEIN), tax year, name, and address. In paragraph (2) on Schedule NRA, you may elect to insert the name and address of an agent in Alabama (selected by you) that you wish to have for service of documents in connection with the Alabama Income Tax Returns of the shareholder or the entity. This agency designation is OPTIONAL with the owner/shareholder and is in ADDITION to the agents designated by regulation. This agreement must be signed by the owner/shareholder in the space provided. If the signature is by an attorney-in-fact, agent, or trustee, enter the proper title or status of the signer in the space provided. The shareholder may authorize any other person, including an officer, or employee of the entity to execute this agreement on his/her behalf, if a properly executed power of attorney is filed with this Department no later than the date on which this agreement is submitted. If shares of the Alabama S corporation are jointly owned, each owner must execute a separate agreement. A nonresident owner of a subchapter K entity cannot enter into a consent agreement. Any consent agreements filed by a subchapter K entity, as defined in §40-18-1, Code of Alabama 1975, for its nonresident members prior to the passage of the Entertainment Industry Incentive Act of 2009 by the Alabama Legislature are void, effective for tax years beginning after December 31, 2008. For further information concerning S corporations, see Reg. 810-3-160.01 and Sections 40-18-176, Code of Alabama 1975.
More about the Alabama Schedule NRA Corporate Income Tax Nonresident TY 2020
We last updated the Alabama S Corporation - Agreement of Nonresident Shareholder in April 2021, so this is the latest version of Schedule NRA, fully updated for tax year 2020. You can download or print current or past-year PDFs of Schedule NRA directly from TaxFormFinder. You can print other Alabama tax forms here.
Other Alabama Corporate Income Tax Forms:
|Form Code||Form Name|
|Form PTE-V (Obsolete)||Pass Through Entities Payment Voucher|
|Form 41||Fiduciary Income Tax Return|
|Form FDT-V||Fiduciary Income Tax Payment Voucher|
|Schedule K1||Alabama Partnership, LLC and S Corporation Shareholder’s Statement of Income and Deductions (OBSOLETE)|
|Form ADV-40||Business Personal Property Return|
Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Schedule NRA from the Department of Revenue in April 2021.
Schedule NRA is an Alabama Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
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 Schedule NRA
We have a total of nine past-year versions of Schedule NRA in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Alabama Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.