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Alabama Qualified Investment Partnership Certification
Extracted from PDF file 2023-alabama-schedule-qip-c.pdf, last modified July 2019Qualified Investment Partnership Certification
SCHEDULE QIP-C 8/2017 *230009QP* RESET 20 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. អ 5. អ 6. អ 7. អ Check if a nonresident owner actively participates in the day-to-day management of the QIP. Please provide the nonresident owner’s name and tax identification number below. Check if the QIP invests in the qualifying investment securities of any entity majority-owned by a nonresident member. Please provide the nonresident owner’s name and tax identification number below. Check if any nonresident owner of the QIP is also a QIP. Please provide the nonresident owner’s name and tax identification number below. 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 owner’s 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
Schedule QIP-C
More about the Alabama Schedule QIP-C Corporate Income Tax TY 2023
We last updated the Qualified Investment Partnership Certification in February 2024, so this is the latest version of Schedule QIP-C, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule QIP-C 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 QIP-C 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 QIP-C
We have a total of thirteen 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:
2011 Schedule QIP-C
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