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Alabama Free Printable  for 2023 Alabama Qualified Investment Partnership Certification

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Qualified Investment Partnership Certification
Schedule QIP-C

SCHEDULE QIP-C 8/2017 *XX0008QP* 20 RESET ALABAMA DEPARTMENT OF REVENUE ______ Qualified Investment Partnership Certification Beginning ___________________, 20_____ and ending _____________________, ________ 1a. LEGAL NAME OF PARTNERSHIP 1b. FEIN 2. Asset Test: According to §40-18-24.2, Code of Alabama 1975, a Qualified Investment Partnership (QIP) shall have no less than 90% of the cost of its total assets invested in qualifying investment securities, office facilities, and tangible personal property reasonably necessary to carry on its activity in the State of Alabama as an investment partnership. Average Qualifying Asset Percentage for the Taxable Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 % 3 % 3. Gross Income Test: According to §40-18-24.2, Code of Alabama 1975, a QIP shall have no less than 90% of its gross income from interest, dividends, distributions, and gains/losses from the sale or exchange of qualifying investment securities, and management fees paid by its members. Qualifying Gross Income Percentage for the Taxable Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 6 Check if a nonresident owner actively participates in the day-to-day management of the QIP. Please provide the nonresident ownerʼs name and tax identification number below. 5. 6 Check if the QIP invests in the qualifying investment securities of any entity majority-owned by a nonresident member. Please provide the nonresident ownerʼs name and tax identification number below. 6. 6 Check if any nonresident owner of the QIP is also a QIP. Please provide the nonresident ownerʼs name and tax identification number below. 7. 6 Check if the entity, at any time during the taxable year, had as an owner or member a person who is other than a United States person, as defined in 26 U.S.C. §7701. Please provide the nonresident ownerʼs name and tax identification number below. Name: ___________________________________________________________ Tax ID: ____________________________________ Name: ___________________________________________________________ Tax ID: ____________________________________ Name: ___________________________________________________________ Tax ID: ____________________________________ I certify that for this tax period this entity meets the criteria as a QIP as required by §40-18-24.2, Code of Alabama 1975. Further, under penalties of perjury, I certify that I have examined this certification and to the best of my knowledge it is true, correct, and complete. Signature of Owner/Partner/Member: ___________________________________________________________ Date: ________________________ Title: ___________________________________________________________________________ In order to be considered valid, this certification must be timely filed with the Alabama Partnership Income Tax return for the taxable year. ADOR
Extracted from PDF file 2021-alabama-schedule-qip-c.pdf, last modified July 2019

More about the Alabama Schedule QIP-C Corporate Income Tax

We last updated the Qualified Investment Partnership Certification in January 2022, and the latest form we have available is for tax year 2021. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Alabama Department of Revenue. You can print other Alabama tax forms here.

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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 PTE-V (Obsolete) Pass Through Entities Payment Voucher
Form 20C Alabama Corporation Income Tax Return
Form 20S Alabama S Corporation Information Tax Return
Form 41 Fiduciary Income Tax Return
Form 65 Partnership / Limited Liability Company Return of Income

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 Schedule QIP-C from the Department of Revenue in January 2022.

Show Sources >

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 QIP-C

We have a total of eleven past-year versions of Schedule QIP-C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

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