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Alabama Add-Back Form with Instructions (Required by 810-3-35-.02, Restrictions on the Deductibility of Certain Intangible Expenses and Costs and Interest Exp
Extracted from PDF file 2023-alabama-schedule-ab.pdf, last modified July 2023Add-Back Form with Instructions (Required by 810-3-35-.02, Restrictions on the Deductibility of Certain Intangible Expenses and Costs and Interest Exp
Schedule AB *2300052C* Alabama Department of Revenue Add-Back Form (Form 20C) TAXPAYER NAME: TAXPAYER FEIN: Recipient related member who received interest/intangible income from the taxpayer: 1 a. Recipient related member FEIN.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Recipient related member name. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 List the intangible expense amounts paid to the recipient related member. . . . . . . . . . . . . . . . 3 List the interest expense amounts paid to the recipient related member. . . . . . . . . . . . . . . . . . 4 Total intangible/interest expenses paid (total lines 2 and 3).. . . . . . . . . . . . . . . . . . . . . . . . . . . . FOR THE TAX PERIOD Related Member 1 1a 1b 2 3 4 • • • • • Reset Entire Form , 20 Related Member 2 through 2023 , 20 Related Member 3 Related Member 4 • • • • • • • • • • • • • • • • • • • • • • • % • • • • • • % • • • • • • % • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • To determine the exempt amount of intangible/interest expense, complete the applicable section(s) below. 5 Exemption related to §40-18-35(b)(1): a. Jurisdiction(s) where recipient related member income is “subject to tax” and not allocated. 5a b. Amount of Interest/Intangible subject to apportionment in jurisdiction(s).. . . . . . . . . . . . . . . 5b c. Recipient related member’s total apportionment percentage in the above jurisdiction(s). d. Interest/Intangible apportioned to jurisdictions (multiply Line 5b by Line 5c). . . . . . . . . . . . e. Intangible/Interest income allocated to jurisdiction(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . f. Add Line 5d and Line 5e.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5c 5d 5e 5f % 6 Exemption related to §40-18-35(b)(2) and §40-18-35(b)(4) – Amount of Line 4 expense not added back. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Exemption related to §40-18-35(b)(3) – Amount of Line 4 expense not added back. . . . . . . 8 Recipient related member receipts by category: a. Intangible receipts . . . . . . . . . . . . . . . . . . b. lnterest receipts . . . . . . . . . . . . . . . . . . . . 9 a. • b. • c. • d. • 6 7 8a 8b 9a 9b 9c 9d 10 a. If either Lines 8a or 8b are greater than Lines 9a, 9b, 9c or 9d, enter zero.. . . . . . . . . . . . . 10a b. If Lines 9a, 9b, 9c or 9d are greater than Lines 8a or 8b, enter amount from Line 7. . . . . . 10b 11 Exempt Amount. Enter the greater of Lines 5f, 6, 10a or 10b. . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Interest Expense Disallowed per IRC 163(j) (allocated pro rata see instructions). . . . . . . . . 12 12a Exempt Amount of Disallowed IRC 163(j) (Line 11 divided by Line 4, multiplied by Line 12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12a 13 Section 163(j) Carryforward. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Total Intangible/Interest expenses paid to all related members less total disallowed 163(j) Interest (sum of all Line 4 for all related members minus all Line 12 for all related members plus all Line 13 for all related members).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Total Exempt Amount. (Line 11 minus Line 12a for all related members from all pages) . . . 15 • • In order to qualify for the exemption presented in §40-18-35(b)(3) and §40-18-24(e), Line 10b must be greater than zero and an informed corporate officer must sign Schedule AB, executed under penalty of perjury. This signature denotes that tax avoidance was not a principal motivating factor with respect to the transaction(s) giving rise to the related member’s interest/intangible expenses and costs. Signature Title Date THIS FORM MUST BE ATTACHED TO FORM 20C. ADOR Schedule AB *2300062C* Alabama Department of Revenue Add-Back Form (Form 20C) TAXPAYER NAME: Reset Schedule Only TAXPAYER FEIN: FOR THE TAX PERIOD , 20 2023 through , 20 A column must be completed for each recipient related member. Attach additional pages as needed and enter the totals of Lines 4, 11, and 13 for all related members from all pages on Page 1, Lines 14 and 15. Recipient related member who received interest/intangible income from the taxpayer: 1 a. Recipient related member FEIN.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Recipient related member name. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 List the intangible expense amounts paid to the recipient related member. . . . . . . . . . . . . . . . 3 List the interest expense amounts paid to the recipient related member. . . . . . . . . . . . . . . . . . 4 Total intangible/interest expenses paid (total lines 2 and 3).. . . . . . . . . . . . . . . . . . . . . . . . . . . . Related Member 1 1a 1b 2 3 4 • • • • • Related Member 2 Related Member 3 Related Member 4 • • • • • • • • • • • • • • • • • • • • • • • % • • • • • • % • • • • • • % • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • To determine the exempt amount of intangible/interest expense, complete the applicable section(s) below. 5 Exemption related to §40-18-35(b)(1): a. Jurisdiction(s) where recipient related member income is “subject to tax” and not allocated. 5a b. Amount of Interest/Intangible subject to apportionment in jurisdiction(s).. . . . . . . . . . . . . . . 5b c. Recipient related member’s total apportionment percentage in the above jurisdiction(s). d. Interest/Intangible apportioned to jurisdictions (multiply Line 5b by Line 5c). . . . . . . . . . . . e. Intangible/Interest income allocated to jurisdiction(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . f. Add Line 5d and Line 5e.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5c 5d 5e 5f % 6 Exemption related to §40-18-35(b)(2) and §40-18-35(b)(4) – Amount of Line 4 expense not added back. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Exemption related to §40-18-35(b)(3) – Amount of Line 4 expense not added back. . . . . . . 8 Recipient related member receipts by category: a. Intangible receipts . . . . . . . . . . . . . . . . . . b. lnterest receipts . . . . . . . . . . . . . . . . . . . . 9 a. • b. • c. • d. • 10 a. If either Lines 8a or 8b are greater than Lines 9a, 9b, 9c or 9d, enter zero.. . . . . . . . . . . . . b. If Lines 9a, 9b, 9c, or 9d are greater than Lines 8a or 8b, enter amount from Line 7.. . . . . 11 Exempt Amount. Enter the greater of Lines 5f, 6, 10a or 10b. . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Interest Expense Disallowed per IRC 163(j) (allocated pro rata see instructions). . . . . . . . . 6 7 8a 8b 9a 9b 9c 9d 10a 10b 11 12 12a Exempt amount of Disallowed IRC 163(j) (Line 11 divided by Line 4, multiplied by Line 12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12a 13 Section 163(j) Carryforward. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 FOR RECIPIENT RELATED MEMBERS WHO RECEIVED INTEREST/INTANGIBLE INCOME FROM THE TAXPAYER, PLEASE ATTACH ADDITIONAL SCHEDULES AB. (ONLY USE THIS PAGE FOR ADDITIONAL MEMBERS) Page of THIS FORM MUST BE ATTACHED TO FORM 20C. ADOR
Schedule AB
More about the Alabama Schedule AB Corporate Income Tax TY 2023
We last updated the Add-Back Form with Instructions (Required by 810-3-35-.02, Restrictions on the Deductibility of Certain Intangible Expenses and Costs and Interest Exp in February 2024, so this is the latest version of Schedule AB, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule AB 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 Schedule AB from the Department of Revenue in February 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 Schedule AB
We have a total of twelve past-year versions of Schedule AB 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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