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Alabama Add- Back Form
Extracted from PDF file 2023-alabama-schedule-pab.pdf, last modified January 2024Add- Back Form
Schedule PAB *230007PB* Add-Back Form (Form 65, 20S) TAXPAYER NAME: 20_____ Alabama Department of Revenue TAXPAYER FEIN: 2/2023 ADOR FOR THE TAX PERIOD , 20 through , 20 Related member is defined to include a corporation, association, disregarded entity, or subchapter K entity (Alabama Code section 40-18-1(28) and (29)). Disregarded entities and subchapter K entities are related members separate and apart from their owner. A column must be completed for each recipient related member. 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 11-1111111 BCA Corp 50,000,000 0 50,000,000 Related Member 3 Related Member 4 22-2222222 CAB Corp 0 10,000,000 10,000,000 • • • • • 33-333333 DEF Corp 0 20,000,000 20,000,000 • • • • • • GA,PA,TX,FL,LA • 10,000,000 0 %• 30 % 0 • 3,000,000 0 • 0 0 • 3,000,000 • • • • • • CA,MS,TN 19,500,000 15 % 2,925,000 500,000 3,425,000 • • • • • • • 0 20,000,000 0 30,000,000 2,000,000 1,000,000 250,000 0 0 0 3,425,000 7,058,820 • • • • • • • • • • • 4,000,000 0 0 0 0 0 0 0 0 0 4,000,000 1,411,764 • • 1,208,823 • • 1,411,764 550,000 • • • • • 44-444444 EFG Corp 0 4,000,000 4,000,000 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 • • • • • • 0 0 0 % 0 0 0 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 • • • • • • • • • • • • 0 50,000,000 0 50,000,000 0 60,000,000 250,000,000 1,000,000 0 50,000,000 50,000,000 0 • • • • • • • • • • • 0 0 0 0 0 0 0 0 0 0 3,000,000 3,529,416 • • 0 • • 1,058,825 800,000 • 72,000,000 • • • • • • • • • • 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 IRC 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. Signature Subtract Line 15 from Line 14 and enter the difference on Form 65, Schedule A, Line 1 or Form 20S, Schedule A, Line 2.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 PAB, 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. • 56,745,588 Title Corporate Officer CFO 4/15/24 Date THIS FORM MUST BE ATTACHED TO FORM 65 or 20S.
Schedule PAB
More about the Alabama Schedule PAB Corporate Income Tax TY 2023
We last updated the Add- Back Form in February 2024, so this is the latest version of Schedule PAB, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule PAB directly from TaxFormFinder. You can print other Alabama tax forms here.
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 |
| 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 PAB 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 PAB
We have a total of twelve past-year versions of Schedule PAB 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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