Alabama Alabama Financial Institution Excise Tax Return

Alabama Financial Institution Excise Tax Return
Form ET-1
RESET FORM
FORM

ET-1

*230001E1*

Alabama Department of Revenue





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•FY
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Financial Institution
Excise Tax Return

2023

For the year January 1 – December 31, 2022, or other tax year beginning •
, 2022, ending •
Check
Filing Status: (see instructions)
FEDERAL BUSINESS CODE NUMBER
FEDERAL EMPLOYER IDENTIFICATION NUMBER
applicable box:
•  1. Operates only in Alabama.
•
•
•   Initial
NAME
return
•  2. Multistate – Apportionment
•
(Schedule D-1).
•   Final
ADDRESS •
SUITE, FLOOR, ETC •
return
•  3. Multistate – Separate Accounting
CITY
STATE
COUNTRY (IF NOT U.S.) 9-DIGIT ZIP CODE
(Prior written approval required
•   Amended
and must be attached).
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•
•
return

•   Federal

•   C Corporation - Domestic
•  4. Proforma Return.
•   S Corporation •   Partnership
•   Trust
•   Credit Union
(Caution: see instructions)
•   consolidated federal group •   consolidated Alabama group

CHECK ONLY ONE BOX. Taxpayer has elected to file for federal purposes as a:

•   C Corporation - Foreign

audit
change

This company files as part of

  •  Federal Parent Name:

FEIN •

  •  Alabama Parent Name:

FEIN •

•   2220E Attached

•   Schedule of Adjustments to FTI

•   Schedule PCL

Federal Extension for Time to File Business Income Tax, Information, and Other Return is attached. •  
If the entity is a foreign corporation that does not have an office or place of business in the United States, check here. •

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This company’s total assets:

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Federal Taxable Income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal Net Operating Loss (included in line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reconciliation adjustments (from line 26, Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal taxable income adjusted to Alabama Basis (add lines 1, 2 and 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net nonbusiness (income)/loss- Everywhere (from Schedule C, line 2, col.E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Apportionable income (add lines 4 and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama apportionment factor (from line 26, Schedule D-1) ............. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income apportioned to Alabama (multiply line 6 by line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net nonbusiness income/(loss) – Alabama (from Schedule C, line 2, col.F). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama income before federal income tax deduction (line 8 plus line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal income tax deduction/(refund) (from line 12, Schedule E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama income before net operating loss (NOL) (line 10 less line 11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama NOL deduction- Schedule B (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama Consolidated Parent Company Allocation (see Schedule PCL instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama taxable income (line 12 less line 13 and line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama Financial Institution Excise Tax (6.5% of line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Credits (from Schedule EC, Section G, line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Net tax due Alabama (line 16 less line 17). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 Payments
a. Carryover from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19a •
b. Current year’s Estimated Tax Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19b •
c. Current year’s Composite Payment(s)/Electing Pass-Through Entity Credit(s)
from Schedule CP-B, line 3 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19c
d. Extension Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19d
e. Payments prior to adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19e
f. Total Payments (add lines 19a through 19e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19f

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•  I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.

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UNLESS A COPY OF THE
FEDERAL RETURN IS ATTACHED, THIS RETURN WILL
BE CONSIDERED INCOMPLETE. (SEE ALSO PAGE 4,
OTHER INFORMATION, NO.
4.)

20 Reductions/applications of overpayments
a. Credit to subsequent year’s estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Penalty Due (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other
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Late Payment Estimate •
c. Interest Due (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Estimate Interest
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Interest on Tax •
d. Total reductions (total lines 20a, b and c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Total amount due/(refund) (line 18 less 19f, plus 20d) If you paid electronically check here:  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Please
Sign
Here

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20b •
20c •
20d •
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Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief they are
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

(
Signature

Title

Date

)
Daytime Telephone No.
ADOR

Alabama ET-1 – 2023

*230002E1*

Page 2

FEIN: ________________
SCHEDULE A Reconciliation Adjustments of Federal Taxable Income to Alabama Taxable Income
§ 40-16-1 Code of Alabama 1975, defines Net Income. The specific additions and deductions to net income are reflected in the lines provided below. Other reconciliation items include
transition adjustments to prevent duplicate deduction or duplicate taxation of items previously deducted or reported on Alabama income tax returns.
ADDITIONS
1 Excise taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 State and local taxes (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Dividends from corporation in which the taxpayer owns less that 20 percent of stock to the extent properly deducted on federal income
tax return (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Interest income earned on state, county and municipal loans and securities exempt for federal income tax purposes . . . . . . . . . . . . . . . . . . . . .
5 Interest treated as paid if incurred in the current taxable year under 26 U.S.C § 163(j)(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Intangible foreign-derived and global low-taxed income deducted under 26 U.S.C § 250 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Capital loss carryback or carryforward deducted for federal income tax purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Contributions not deductible on state income tax return due to election to claim state tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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10 Total additions (add lines 1 through 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCTIONS
11 Refunds of excise tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Refunds of state and local taxes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 Dividend income – more than 20% stock ownership (including that described in 26 U.S.C. § 951) from non-U.S. corporation to the
extent the dividend income would be deductible under U.S.C. §243 if received from domestic corporations. . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Federal Deposit Insurance Corporation (FDIC) insurance premiums not deductible for federal income tax under 26 U.S.C. § 162(r) . . . .
15 Interest not deductible for federal tax under 26 U.S.C. § 163 (j)(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Interest not deductible for federal income tax under 26 U.S.C. 265 or 291 related to tax exempt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Global intangible low-taxed income included in the gross income under 26 U.S.C. § 951A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Dividends described in 26 U.S.C. § 78 from corporations in which taxpayer owns more than 20% of stock (see instructions) . . . . . . . . . . .
19 Expenses not deductible on federal income tax return due to election to claim a federal tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 APPLIES ONLY TO CREDIT UNIONS
a. Dividends paid on withdrawable shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Dividends received from other credit unions and credit union service organizations as defined by federal law and the regulation of
the National Credit Union Association . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Reasonable additions to regular reserves (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Deductible capital loss incurred during the taxable year not deducted for federal income tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 Exemption of gain under § 40-18-8.1 (Tech Company)(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 Percentage of Captive REIT dividend income as referenced in § 40-16-11(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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25 Total deductions (add lines 11 through 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26 TOTAL RECONCILIATION ADJUSTMENTS (subtract line 25 from line 10 above). Enter here and on line 3, page 1
(enclose a negative amount in parentheses) .............................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE B Alabama Net Operating Loss Carryforward Calculation (§40-16-10, Code of Alabama 1975 )
Column 1
Loss Year End
MM / DD / YYYY

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Column 2
Amount of Alabama
net operating loss

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Column 3
Amount used in years
prior to this year

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Alabama net operating loss (enter here and on line 13, page 1). . . . . . . . . . . . . . . . . . . . . . . . . . . •

Column 4
Amount used
this year

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2 •
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6
7
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9
10

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12 •
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18
19

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20b •
20c •
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22 •
23 •
24 •
25 •
26 •
Column 5
Remaining unused
net operating loss

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Column 6
Acquired
NOL

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ADOR

*230003E1*

Alabama ET-1 – 2023

Page 3

FEIN: ________________
SCHEDULE C Allocation of Nonbusiness Income, Loss, and Expense – Use only if you checked Filing Status 2, page 1
Identify by account name and amount all items of nonbusiness income, loss and expense removed from apportionable income and those items which are directly allocable to Alabama.
ALLOCABLE GROSS INCOME / LOSS
1
a
b
c
d
e

Directly Allocable Items of
Nonbusiness Income/Loss

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Column A
Everywhere

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RELATED EXPENSE

Column B
Alabama

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Column C
Everywhere

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NET OF RELATED EXPENSE

Column D
Alabama

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2 NET NONBUSINESS INCOME / LOSS
Enter Column E total ((income)/loss) on line 5 of page 1. Enter Column F total (income/(loss)) on line 9 of page 1 . . . . . . . . . . . . . . . . . . . .

Column E
Everywhere

Column F
Alabama

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Column E

Column F

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Apportionment Factor – Use only if Filing Status 2 or Filing Status 4 on page 1 with Multi-State Operations –
SCHEDULE D-1 Amounts must be Positive (+) Values
TANGIBLE PROPERTY AT COST FOR
PRODUCTION OF BUSINESS INCOME
1
2
3
4
5
6
7
8
9

10

23
24
25
26

B
END OF YEAR

A
EVERYWHERE
B
BEGINNING OF YEAR
END OF YEAR

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1•
Loans and credit card receivables . . . . . . . . . . . . . . 1 •
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2•
Premises and fixed assets . . . . . . . . . . . . . . . . . . . . 2 •
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Other real estate owned . . . . . . . . . . . . . . . . . . . . . . 3 •
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Other real and tangible personal property . . . . . . 4 •
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Total (lines 1 through 4). . . . . . . . . . . . . . . . . . . . . . . . 5 •
Average value (total of line 5, Columns A and B,
6•
divided by 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6•
7•
Annual rental expense . . . . . . . . . . . . . . . . . . . . . . . . 7 •
x8 = •
x8 = •
Total average property (add lines 6 and 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8a •
. . . . . . . . . . . . . . . . . . . . . . 8b •
Alabama property factor — 8a ÷ 8b = line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 •
10a
ALABAMA
10b EVERYWHERE
10c
SALARIES, WAGES, COMMISSIONS AND OTHER COMPENSATION
RELATED TO THE PRODUCTION OF BUSINESS INCOME
Alabama payroll factor — 10a ÷ 10b = 10c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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RECEIPTS

11
12
13
14
15
16
17
18
19
20
21
22

A
ALABAMA
BEGINNING OF YEAR

ALABAMA

%

%

EVERYWHERE

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Receipts from lease or rental of real property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Receipts from lease or rental of tangible personal property . . . . . . . . . . . . . . . . . . . •
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Interest from loans secured by real property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Interest from loans not secured by real property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Net gains from the sale of loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Interest from credit card receivables and fees charged to card holders . . . . . . . . •
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Net gains from sale of credit card receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Credit card issuer’s reimbursement fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Receipts from merchant discount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Loan servicing fees from loans secured by real property . . . . . . . . . . . . . . . . . . . . . •
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Loan servicing fees from loans not secured by real property . . . . . . . . . . . . . . . . . . •
Interest, dividends, net gains, and other income from investment and
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trading assets and activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
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Receipts of sales of tangible personal property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
•
Other receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
25b •
Alabama receipts factor — 25a ÷ 25b = line 25c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25a•
Sum of lines 9, 10c, and 25c ÷ 3 = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 7, page 1). . . . . . . . . . . . . . . . . . . . . . . . . . . .

25c •
26

•

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ADOR

Alabama ET-1 – 2023

*230004E1*

Page 4

FEIN: ________________
SCHEDULE E

Federal Income Tax (FIT) Deduction/(Refund)

Only method 1552(a)(1) can be used to calculate the Federal Income Tax Deduction.
(a) If this corporation is an accrual-basis taxpayer and files a separate (nonconsolidated) federal income tax return with the IRS, skip to line 6 and enter the amount of
federal income tax liability shown on Form 1120.

(c) If this corporation is a member of an affiliated group which files a consolidated federal return,
enter the separate company income from line 30 of the proforma 1120 for this company on line
1. You must complete lines 1-5 before moving on to line 6.

(b) If this corporation is a cash-basis taxpayer and files a separate (nonconsolidated) federal income tax return with the IRS, skip to line 6 and enter the amount of
federal income tax paid during the year.

Items excluded from Alabama Taxable Income must be added to adjusted total income on line
8b to calculate the Federal Income Tax deduction. (This includes any amounts listed on Schedule A lines 13, 15, 16, 17, 18, and 23).

1
2
3
4
5

This company’s separate federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total positive consolidated federal taxable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
This company’s percentage (divide line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated federal income tax (liability/payment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal income tax for this company (multiply line 3 by line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1
2
3
4
5

•
•
•
•
•

6
7
8a
8b

Federal income tax to be apportioned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alabama income, page 1, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Adjusted total income, page 1, line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6
7
8a
8b
8c
9
10
11
12

•
•
•
•
•
•
•
•
•

Income excluded from Alabama Taxable Income (include any amounts listed on Schedule A lines 13, 15, 16, 17, 18, and 23) . . . . . . . .
8c Adjusted Total Income including items excluded from Alabama Taxable Income (add lines 8a and 8b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Federal income tax ratio (divide line 7 by line 8c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 Federal income tax apportioned to Alabama (multiply line 6 by line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 Less refunds or adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Net federal income tax deduction / <refund> (enter on page 1, line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other Information

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1 Briefly describe your Alabama operations. •
2 List other states in which financial institution operates, if applicable. •
3 Indicate your tax accounting method: •  Accrual •  Cash •  Other
4 If this taxpayer is a member of an affiliated group which files a consolidated federal return, the following information must be provided:
(a) Copy of Federal Form 851, Affiliations Schedule. Identify by asterisk or underline the names of those corporations subject to tax in Alabama.
(b) Signed copy of consolidated Federal Form 1120, pages 1-6, as filed with the IRS.
(c) Copy of the spreadsheet of income statements; all supporting schedules for all legal entities that file as part of the consolidated federal group including (but not limited to) a copy of the spreadsheet of income statements (which includes a separate column that identifies the eliminations and adjustments used in completing the federal consolidated return), beginning and ending balance sheets, Schedule M-3 for the entire federal consolidated group.
(d) Copy of federal Schedule K-1 for each tax entity that the corporation holds an interest in at any time during the taxable year.
(e) Copy of federal Schedule(s) UTP.
5 Enter this financial institution’s federal net income (see instructions for page 1, line 1) for the last three (3) years, as last determined (e.g.: per amended federal return or IRS audit).
2021 •___________________ 2020 •_________________ 2019 •___________________
6 Check if currently being audited by the IRS •  • Periods__________________________________________________________________________________________
7 Location of the corporate records: Street address: •
City: •
State: •
Zip Code: •
8 Person to contact for information concerning this return:
Name: •
Email Address: •
Telephone:•
9 Files Business Privilege Tax Return: • 
FEIN: •
10 State of Incorporation: •
Date of Incorporation: •
Date Qualified in Alabama: •
/ /
/ /

Preparer’s
Paid
signature
Preparer’s Firm’s name (or yours, •
Use Only ifandself-employed)
address
•

Date

•
Tel. No. • (

Check if
self-employed
)

•

Preparer’s Tax Identification Number

•

E.I. No. •
ZIP Code •

Mail to: Alabama Department of Revenue, Income Tax Administration Division, Financial Institution Excise Unit, PO Box 327439, Montgomery, AL 36132-7439

ADOR