Alabama Business Income Tax Payment Voucher (fillable form)
Extracted from PDF file 2023-alabama-form-bit-v.pdf, last modified September 2013Business Income Tax Payment Voucher (fillable form)
FORM BIT-V 5/18 AlABAmA DepArTmenT of revenue Income TAx ADmInIsTrATIon DIvIsIon Business Income Tax payment voucher This voucher should accompany any payment less than $750 submitted for Form 20C or Form 20C-C income tax returns. DO NOT SUBMIT FORM BIT-V IF A PAYMENT IS NOT DUE OR IF THE PAYMENT WAS REMITTED ELECTRONICALLY. WHO MUST FILE. Taxpayers owing a payment of less than $750 for income taxes due on a Form 20C or Form 20C-C tax return must complete and submit a Form BIT-V with the required payment for the tax return – unless the payment is made electronically. A Form BIT-V must also be prepared and submitted with any corporate income tax estimated tax payment or any corporate income tax extension payment. A Form BIT-V is never required when the taxpayer is making an electronic payment. WHEN TO FILE. A Form BIT-V and full payment of any tax owed is due by the original due date of the Form 20C or Form 20C-C tax return. Estimated income tax payments for calendar year corporations are due by the fifteenth day of April, June, September, and December. Estimated income tax payments for fiscal year corporations are due by the fifteenth day of the fourth, sixth, ninth, and twelfth months of the fiscal year. An extension granted to file an annual income tax return is not an extension to pay the income tax – full payment of any tax owed is due by the original due date of the income tax return. Late payment of any income tax due will result in the assessment of applicable interest and penalties. WHERE TO FILE. Payment for Form 20C, C Corporations: Payment for Form 20C-C, Consolidated Corporations: Alabama Department of Revenue Income Tax Administration Division Corporate Tax Section PO Box 327435 Montgomery, AL 36132-7435 Alabama Department of Revenue Income Tax Administration Division Corporate Tax Section PO Box 327437 Montgomery, AL 36132-7437 LINE INSTRUCTIONS FOR PREPARING FORM BIT-V TAX PERIOD: Enter the last day of the taxpayerʼs taxable year. FEIN: Enter the entity's Federal Employer Identification Number (FEIN). PAYMENT TYPE: Place an X in the appropriate box to identify the payment as being made with a balance due return, estimate payment, or extension payment. AMOUNT PAID: Enter the amount of the payment submitted with this voucher. NAME/ADDRESS SECTION: Enter the legal name of the taxpayer and a complete mailing address for the taxpayer. FORM TYPE: Enter an “X” in the appropriate box to identify the form for which the payment is being made. ELECTRONIC PAYMENT. Section 41-1-20 requires electronic payments for all single business tax payments of $750 or more. Substantial penalties can be assessed for noncompliance. Taxpayers making e-payments via My Alabama Taxes (MAT) must have a Sign On ID and Access Code to login. Visit our website at www.myalabamataxes. alabama.gov for additional information. NOTE: Refer to our website at www.revenue.alabama.gov for tax payment and form preparation requirements. ✁ DETACH ALONG THIS LINE AND MAIL VOUCHER WITH YOUR FULL PAYMENT BIT-V Alabama Department of Revenue 1283 VENDOR CODE ✁ Business Income Tax Payment Voucher 20C 20C-C Print Reset Tax Type: BIT • Tax Period: Form Type: Payment Type: • Return • Amended • Estimate • Extension FEIN: CHECK ONLY ONE BOX • -This form has been enhanced to print a two dimensional (2D) barcode. The PRINT FORM button MUST be used to generate the (2D) barcode which contains data entered on the form. The use of a 2D barcode vastly improves processing of your return and reduces the costs associated with processing your return. AMOUNT PAID: $• LEGAL NAME • MAILING ADDRESS CITY STATE ZIP - Just key in your data prior to printing the form. PLEASE DO NOT HANDWRITE ANY DATA ON THE FORM.
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More about the Alabama Form BIT-V Corporate Income Tax Voucher TY 2023
Not for use with Form PPT or CPT (business privilege tax payments). NOTE: The PTE-V is used for 2013 and forward. The Form BIT-V should be used for 2013 and prior year payments)
We last updated the Business Income Tax Payment Voucher (fillable form) in February 2024, so this is the latest version of Form BIT-V, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form BIT-V directly from TaxFormFinder. You can print other Alabama tax forms here.
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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 |
Schedule D | Net Profit or Loss (Form 41) |
Schedule K-1 (Form 20S) | Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S) |
Schedule K1 (Form 65) | Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1) |
Form 65 | Partnership / Limited Liability Company Return of Income |
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 BIT-V from the Department of Revenue in February 2024.
Form BIT-V is an Alabama Corporate Income Tax form. Payment vouchers are provided to accompany checks mailed to pay off tax liabilities, and are used by the revenue department to record the purpose of the check and the SSN/EIN of the taxpayer who sent it. Many states recommend that taxpayers also write their social security number and the purpose of the payment on the check itself, in case the accompanying payment voucher is misplaced or destroyed.
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 BIT-V
We have a total of twelve past-year versions of Form BIT-V 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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