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Alabama Alabama Adoption Tax Credit
Extracted from PDF file 2023-alabama-schedule-aac.pdf, last modified July 2023Alabama Adoption Tax Credit
*230021AC* SCHEDULE AAC 2023 Alabama Department of Revenue Alabama Adoption Tax Credit NAME(S) AS SHOWN ON TAX RETURN PRIMARYʼS SOCIAL SECURITY NO. SPOUSEʼS SOCIAL SECURITY NO. Part I – (Adoptee was an Alabama resident): Information about your eligible child who was either a qualified foster child or was adopted through a private adoption and the adoptive parent/parents reside in Alabama. Adopting children of either parent will not qualify for the adoption credit. A B C D E F Name of Child Effective Date of Adoption Social Security Number of Child Name of Birth Mother Name of Adoption Agency Address of Adoption Agency 1 • • • • • • 2 • • • • • • 3 • • • • • • 4 • • • • • • 5 • • • • • • Part II – (Adoptee was not an Alabama resident): Information about your eligible child who was adopted through an out-of-state adoption or is otherwise not a resident of Alabama and the adoptive parent/parents reside in Alabama. Adopting children of either parent will not qualify for the adoption credit. A B C D E F Name of Child Effective Date of Adoption Social Security Number of Child Name of Birth Mother Name of Adoption Agency Address of Adoption Agency 1 • • • • • • 2 • • • • • • 3 • • • • • • 4 • • • • • • 5 • • • • • • Part III – Adoption Credit 1. Multiply the total number of qualifying adoptees from Part 1 by $2,000 and enter amount here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Multiply the total number of qualifying adoptees from Part 2 by $1,000 and enter amount here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Add lines 1 and 2 and enter total here and on Schedule OC, Section B, Part M, line M1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 • • • THIS SCHEDULE CAN ONLY BE SUBMITTED AND/OR PRINTED VIA LANDSCAPE ADOR
Sch PTE-CK1 10-05
More about the Alabama Schedule AAC Corporate Income Tax Tax Credit TY 2023
This form is used as a tax credit for all qualifying adoption expenses.
We last updated the Alabama Adoption Tax Credit in February 2024, so this is the latest version of Schedule AAC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule AAC 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 AAC from the Department of Revenue in February 2024.
Schedule AAC is an Alabama Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
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 AAC
We have a total of ten past-year versions of Schedule AAC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule AAC
Sch PTE-CK1 10-05
2021 Schedule AAC
Schedule AAC TY 2021 Print Version.qxp
2020 Schedule AAC
Schedule AAC TY 2020 Print Version.qxp
2018 Schedule AAC
#10 Comm. Office
2014 Schedule AAC
#10 Comm. Office
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