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Alabama Worksheet for Electing Small Business and Qualified Subchapter S Trusts (Form 41)
Extracted from PDF file 2023-alabama-form-esbt.pdf, last modified July 2019Worksheet for Electing Small Business and Qualified Subchapter S Trusts (Form 41)
SCHEDULE ESBT FORM 41 *230009ES* AlAbAmA DepArtment of revenue electing Small business trust 2023 Reset Tax year beginning ___________________, 2023 and ending _____________________, ________ TRUST INFORMATION 1. NAME 2. FEIN 3. STREET ADDRESS 4. CITY 5. STATE 6. ZIP INCOME (A) Non-ESBT (B) ESBT (C) Total 1. Interest Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1• • • 2. Dividend Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2• • • 3. Business Income or (Loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . 3• • • 4. Capital Gain or (Loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4• • • 5. Rent, Royalties, Partnerships, and S Corporations . . . . . . . . . 5• • • 6. Estates and Trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6• • • 7. Farm Income or (Loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7• • • 8. Ordinary Gain or (Loss) from Form 4797 . . . . . . . . . . . . . . . . . 8• • • 9. Other Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9• • • 10. Total Income or (Loss) (total of lines 1 through 9) . . . . . . . . . . 10 • DEDUCTIONS • • 11. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 • • • 12. Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 • • • 13. Fiduciary Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 • • • 14. Charitable Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 • • • 15. Attorney, accountant, and return preparer fees . . . . . . . . . . . . 15 • • • • • the 2% floor (attach explanation) . . . . . . . . . . . . . . . . . . . . . . . 17 • • • 18. Total Ordinary Deductions (total of lines 11-17) . . . . . . . . . . . . 18 • • • 16. Other deductions not subject to the 2% floor (attach explanation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 • 17. Allowable miscellaneous itemized deductions subject to 19a. Non-ESBT Adjusted Total Income or (Loss) (Column A, subtract line 18 from line 10) . . . . . . . . . . . . . . . . . 19a • 19b. ESBT Adjusted Total Income or (Loss) (Column B, subtract line 18 from line 10) Enter here and on Form 41, Page 1, line 6 . . . 19b • 19c. Adjusted Total Income or (Loss) (Column C, subtract line 18 from line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19c • SOURCE OF INCOME FEIN NAME • • SOURCE OF INCOME FEIN NAME • • ADOR
Form ESBT
More about the Alabama Form ESBT Corporate Income Tax TY 2023
We last updated the Worksheet for Electing Small Business and Qualified Subchapter S Trusts (Form 41) in January 2024, so this is the latest version of Form ESBT, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form ESBT 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 ESBT from the Department of Revenue in January 2024.
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 ESBT
We have a total of ten past-year versions of Form ESBT in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form ESBT
#10 Comm. Office
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