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Alabama Subchapter K Entities/S Corporations Nonresident Composite Payment Return
Extracted from PDF file 2023-alabama-form-pte-c.pdf, last modified August 2019Subchapter K Entities/S Corporations Nonresident Composite Payment Return
Reset Form FORM PTE-C *230001PT* • CY • FY • SY Alabama Department of Revenue Income Tax Administration Division • 52/53 Week Nonresident Composite Payment Return 2023 For the year January 1-December 31, 2023 or other tax year beginning •_______________, 2023, ending •________________, _______ Form PTE-C is used to report Alabama taxable income for all or some of the nonresident owners/shareholders from reported Subchapter K entity or S corporation income and to make payment on behalf of the owners/shareholders in lieu of individual reporting. (CAUTION: Do not include losses on this form .) • FEDERAL EMPLOYER IDENTIFICATION NUMBER Check applicable box: • Subchapter K entity • NAME • S corporation • Qualified Investment • ADDRESS Partnership • CITY • Series LLC Check if amended: • Amended return • TOTAL NUMBER OF • FEDERAL BUSINESS CODE DEPARTMENT USE ONLY • STATE • ZIP CODE • NUMBER OF NONRESIDENT OWNERS/ SHAREHOLDERS IN ENTITY: OWNERS/SHAREHOLDERS INCLUDED IN COMPOSITE FILING: • Federal Audit Change DO NOT ATTACH TO OR MAIL WITH FORM 65 OR 20S, THIS FORM MUST BE MAILED SEPARATELY. 1. Amount of tax due (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 1 2. Interest Due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 2 3. Penalty Due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 3 4. Total tax, interest, and penalty due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 4 5a.Overpayment from 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 5a b. Estimated, extension, and WNR-V tax payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 5b c. Current Year’s Composite Payment(s)/Electing Pass-Through Entity Credit(s) from Schedule CP-B, line 3 (see instructions) . . . . . . . . . . . • 5c d. Total of all payments/credits (add lines 5a through 5c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 5d 6. Amount to be remitted or (overpayment) (subtract line 5d from line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 6 7a.Overpayment to be credited to 2024 return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 7a b. Overpayment amount to be refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 7b • I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer. Please Sign Here 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. ( Your Signature Preparer’s Signature Title or Position ) Daytime Telephone No. • Date Check if self-employed • Date Preparer’s PTIN • Preparer’s Paid Preparer’s Use Only Printed Name • Firm’s Name (or yours, • E.I. Number if self-employed) • Telephone Number Firm’s Address ( ) Email Address Make remittance payable to: Alabama Department of Revenue Write – Form PTE-C, tax year, and FEIN on remittance for verification purposes. Include with payment Form PTE-V available at www.revenue.alabama.gov. Mail to: Alabama Department of Revenue – PTE-C P.O. Box 327444 Montgomery, AL 36132-7444 ADOR *230002PT* Form PTE-C — 2023 Page 2 Required Entity Information For Partnerships and LLCs 1. List general partners. NAME OF GENERAL PARTNER SSN / FEIN PERCENT OF OWNERSHIP ADDRESS • a. • b. • c. • d. • e. 2. List other states in which the Partnership/LLC operates, if applicable. • • • 3. At any time during the tax year, did the Partnership/LLC transact business in a foreign country? • Yes • No If yes, complete the information below: NAME OF COUNTRY TAXABLE INCOME REPORTED TO COUNTRY NATURE OF BUSINESS • a. • b. • c. • d. • e. 4. At any time during the tax year, did the Partnership/LLC invest in another Pass-Through entity? • Yes • No If yes, complete the information below: NAME OF ENTITY FEIN PERCENT OF OWNERSHIP • a. • b. • c. • d. • e. Do not attach the original Qualified Investment Partnership (QIP) Certification to this return! The certification must be filed with the annual Form 65 return for the QIP. 5. Person to contact for information regarding this return: • Name: • Telephone Number: ( ) • Email: ADOR SCHEDULE PTE-CK1 *230003PT* Entityʼs FEIN AlAbAmA DepArtment of revenue 2023 For the year January 1 - December 31, 2023 or other tax year beginning ___________________, 20_____ ending ___________________, 20_____ (A) Non-Resident Owner’s/Shareholder’s Name, Street Address, City, State, and ZIP (B) Social Security Number/FEIN (C) Entity (D) Percent Ownership Type (E) Nonseparately Stated Income + Separately Stated Income + Guaranteed Payments (F) Owner’s/ Shareholder’s Share of Tax Due (Col. E X 5%) (G) Allocated Investment Credit (Schedule PTE-AJA, Line 16) (H) Amount of Tax Due (Col F-Col G) (I) NRCExempt •1 •2 •3 •4 •5 •6 •7 •8 •9 •10 •11 12 Totals page 3 [columns (E) through (H)]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Summary totals for additional pages [columns (E) through (H)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Totals [columns (E) through (G)] (lines 12 + 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Add lines 12 and 13, column (H) and enter here and on page 1, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IF MORE THAN 11 NON-RESIDENT OWNERS/SHAREHOLDERS, ATTACH ADDITIONAL PAGES AND ENTER SUMMARY TOTALS ON LINE 13 ABOVE. Form PTE-C, Page 3 ADOR SCHEDULE PTE-CK1 *230004PT* Reset Schedule AlAbAmA DepArtment of revenue Entityʼs FEIN 2023 For the year January 1 - December 31, 2023 or other tax year beginning ___________________, 20_____ ending ___________________, 20_____ (A) Non-Resident Owner’s/Shareholder’s Name, Street Address, City, State, and ZIP (B) Social Security Number/FEIN (C) Entity (D) Percent Ownership Type (E) Nonseparately Stated Income + Separately Stated Income + Guaranteed Payments (F) Owner’s/ Shareholder’s Share of Tax Due (Col. E X 5%) (G) Allocated Investment Credit (Schedule PTE-AJA, Line 16) (H) Amount of Tax Due (Col F-Col G) (I) NRCExempt •1 •2 •3 •4 •5 •6 •7 •8 •9 •10 •11 •12 13 Add lines 1 through 12, columns (E) through (H) enter here and on Form PTE-C, page 3, line 13, columns (E) through (H) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ADOR Additional page _________ SCHEDULE PTE-AJA *230005PT* PASS THROUGH ENTITY Reset Schedule AJA 2023 Alabama Department of Revenue Alabama Jobs Act – Investment Credit (Form PTE-C) • APPROVED COMPANY NAME • FEIN OF APPROVED ENTITY PART I – Current Year Alabama Jobs Act Investment Credit This form is to be completed for each nonresident member that elects to have their portion of the Alabama Investment Credit included as part of the composite return. This form should be attached to the entity's composite tax return each year that the credit is claimed on Form PTE-C. • Name of Nonresident Member/Owner ______________________________________ • Social Security No./FEIN_________________________ 1. Enter the information requested for each project. . . . . . . . . . . . . . . . . . . . . . . . . . • 1a • 1b • 1c • 1d • 1e 2. 3. 4. 5. 6. Total Investment Credit. Enter the sum of all project credit(s) from lines 1a-1e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Enter Owner's Tax Due from Schedule PTE-CK1, Column F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Amount of Credit Applied. Enter the lessor of lines 2 or 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Unused Tax Liability. Subtract line 4 from line 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Credit Carryforward. Subtract line 4 from line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Current Year Project Number: Amount of Credit allocated to Income Tax 2 3 4 5 6 PART II – Application of Alabama Jobs Act Investment Credit Do you have an Alabama Jobs Act Investment Credit carryforward from a prior year? • Yes • No If “Yes”, complete the section below as needed. If “No”, skip lines 1 through 15 and complete line 16. 1. 2. 3. 4. 5. Enter carryforward amount from prior tax year • Project #____________ • Tax Period____________ . . . . . . . . . . . . .• Enter amount from Part I, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount of credit applied. Enter the lesser of line 1 or line 2 . . . . . . . . . . . . . . . . . . . . . . . • 3 Unused tax liability limitation. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Carryforward amount. Subtract line 3 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 1 2 4 5 6. 7. 8. 9. 10. Enter carryforward amount from prior tax year • Project #____________ • Tax Period____________ . . . . . . . . . . . . . • 6 Enter amount from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Amount of credit applied. Enter the lesser of line 6 or line 7. . . . . . . . . . . . . . . . . . . . . . . • 8 Unused tax liability limitation. Subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 9 Carryforward amount. Subtract line 8 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 10 11. 12. 13. 14. 15. Enter carryforward amount from prior tax year • Project #____________ • Tax Period____________ . . . . . . . . . . . . . • Enter amount from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount of credit applied. Enter lesser of line 11 or line 12 . . . . . . . . . . . . . . . . . . . . . . . . • 13 Unused tax liability limitation. Subtract line 13 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Carryforward amount. Subtract line 13 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 16. Total credit(s) applied. Add Part I, line 4, and Part II lines 3, 8, and 13. Enter here and on Schedule PTE-CK1, Column G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 16 11 12 14 15 *Any unused Alabama Jobs Act Investment Credits may be carried forward for a maximum of 5 years. ADOR SCHEDULE NRC-EXEMPT *XX0013NC* 4/23 Reset Form AlAbAmA DepArtment of revenue Income tAx ADmInIstrAtIon DIvIsIon subchapter K Affidavit of exemption by nonresident For the tax year beginning ________________________ and ending ________________________ This form is to be completed by a nonresident member to certify exemption from AL Code §40-18-24.2. This form should be returned to the entity before the original due date of the entity’s return and a copy should be attached to the entity’s composite and income tax return each year. • NAME OF NONRESIDENT MEMBER TO BE COMPLETED BY NONRESIDENT MEMBER • FEIN OF NONRESIDENT MEMBER TELEPHONE NUMBER STREET ADDRESS CITY STATE ZIP INFORMATION OF ENTITY REQUESTING EXEMPTION NAME FEIN OF ENTITY TELEPHONE NUMBER STREET ADDRESS CITY STATE ZIP Check the box that applies and sign on page 2: • 1. • 2. • 3. • 4. Real Estate Investment Trust (REIT) Must not be a captive REIT pursuant to AL Code §40-18-1 This election is required only once. Copies of original affidavit should be attached to future yearsʼ returns. By checking the box above, the above named member hereby certifies that it: a. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes, files returns and pays all AL tax liabilities due for all years in which it is a member and the entity owns property in AL, does business in AL, or otherwise derives income from AL sources. b. Has provided the requesting entity the signed original of this form on or before the due date (without extension) for filing the entityʼs income tax return for the taxable year for which the composite exemption is being requested. c. Will make estimated income tax payments if required; and d. Certifies that it will not owe any taxes as a result of the dividends paid deduction entitled to REITS. Exempt organization (annual election required) The above named member hereby certifies that its share of taxable income sourced to Alabama does not result in unrelated business taxable income. Insurance company member (annual election required) The above named member hereby certifies that it pays to Alabama a tax on its premium income and is not subject to Alabama income tax. Pre-Approved Tiered Structure Exemption (prior written approval required and a copy must be attached each year) By checking the box above, the above named member hereby certifies that it: a. Elects to remit a composite payment on behalf of its nonresident membersʼ shares of the taxable income sourced to this state in the same manner and subject to the same requirements as the entity in which it owns a direct interest. b. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes together with related interest and penalties; and c. Has provided the requesting entity the signed original of this form 30 days before the due date (without extension) for filing the entityʼs income tax return for the taxable year for which the composite exemption is being requested. *XX0014NC* Page 2 NRC-EXEMPT (4/23) • 5. Capital Credit Exemption (annual election required) By checking the box above, the above named member hereby certifies that it: a. Has only AL sourced income that is derived from the capital project, and it expects all of its potential liability to be fully offset by the capital credit. b. Agrees to be subject to the personal jurisdiction in this state for all income tax purposes together with related interest and penalties; and c. Has provided the requesting entity the signed original of this form on or before the due date (without extension) for filing the entityʼs income tax return for the taxable year for which the composite exemption is being requested. • 6. C Corporations with losses (annual election required) By checking the box above, the above named member hereby certifies that it: a. Is a C-Corporation that has been in a loss position for the three most recent tax years and expects to be in a loss position for the current. b. Has provided this form to the entity in which it is a member on or before the due date (without extension) for filing the entityʼs income tax return for the taxable year for which the composite payment is required; and c. Will make estimated income tax payments, if required. This form is to be completed by a nonresident member to certify exemption from AL Code §40-18-24.2. This form should be returned to the entity before the original due date of the entity’s return and a copy should be attached to the entity’s composite and income tax return each year. I authorize a representative of the Department of Revenue to discuss this form with the entity requesting exemption and any preparer named below. UNDER PENALTIES OF PERJURY, I swear that the above information is to the best of my knowledge and belief, true, correct, and complete. Signature of authorized person(s) Date Print name(s) and title(s) of the authorized person(s) Paid Preparer’s Use Only Preparerʼs Signature Check if self-employed Date Preparerʼs PTIN Telephone No. Firmʼs Name (or yours if self-employed) and address ( ) E.I. No. ZIP Code Email Address
Form PTE-C
More about the Alabama Form PTE-C Corporate Income Tax Voucher TY 2023
We last updated the Subchapter K Entities/S Corporations Nonresident Composite Payment Return in February 2024, so this is the latest version of Form PTE-C, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form PTE-C 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 Form PTE-C from the Department of Revenue in February 2024.
Form PTE-C is an Alabama Corporate Income Tax form. Payment vouchers are provided to accompany checks mailed to pay off tax liabilities, and are used by the revenue department to record the purpose of the check and the SSN/EIN of the taxpayer who sent it. Many states recommend that taxpayers also write their social security number and the purpose of the payment on the check itself, in case the accompanying payment voucher is misplaced or destroyed.
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 PTE-C
We have a total of twelve past-year versions of Form PTE-C 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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