Form 20c - Corporation Income Tax Return - 1998 Page 4
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ALABAMA 20C – 1998
Schedule E
Federal Income Tax
(a) If this corporation is an accrual-basis taxpayer and files a separate (noncon-
under IRC Section 1552.
1552(a)(1)
1552(a)(2)
1552(a)(3)
solidated) federal income tax return with the IRS, enter on line 1 below the
No Election Made
Other _____________________________________
amount of federal income tax liability shown on Form 1120. Cash-basis
Attach a copy of the common parent corporation’s current 1552 election
taxpayers filing separate (nonconsolidated) federal returns should enter on
letter.
line 1 below the amount of federal income tax actually paid during the year.
Enter on line 1 the amount of the consolidated tax liability allocated to this
(b) If this corporation is a member of an affiliated group which files a
corporation under the method indicated above. Ignore any supplemental
consolidated federal return, indicate the number of the election made
elections under IRC Section 1502. Attach a schedule of your computations.
1 Federal income tax deduction to be apportioned (exclude any Environmental Tax and/or AMT). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Corporations not apportioning income should omit lines 2 through 4, and enter this amount on line 5.
2 Alabama income (from line 11, page 1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Adjusted total income (from line 3, page 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Federal income tax apportionment factor (line 2 divided by line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
%
5 Federal income tax deduction apportioned to Alabama (multiply line 1 by line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Refund of federal income tax deducted in prior year(s) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 NET FEDERAL INCOME TAX DEDUCTION / (REFUND) (subtract line 6 from line 5). Enter here and on line 12, page 1 . . . . . . . .
7
Schedule F
Credits/Exemptions Caution – See Instructions
1 Alabama Enterprise Zone Credit/Exemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Employer Education Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Income Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Tax Increment Fund Payment Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Coal Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Capital Tax Credit (Project Number(s) ______________________, ______________________) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 TOTAL (add lines 1 through 6). Enter here and on line 17d, page 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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The following information must be entered
Other Pertinent Information
for the Alabama return to be complete
1. Briefly describe your Alabama operations. __________________________
(c) Was the owner of such voting stock other than a U.S. person?
Note: If “Yes,” attach copy of Federal Form
________________________________________________________________
Yes
No
(cities and counties).
5472.
2. List locations of property within Alabama
If yes, enter owner’s country: ____________________________.
________________________________________________________________
(d) Was the corporation a U.S. shareholder of any controlled foreign
________________________________________________________________
corporation?
Yes
No
If yes, attach a copy of Federal
3. List other states in which corporation operates, if applicable.___________
Form 5471 for each such corporation.
________________________________________________________________
(e) At any time during the tax year did the corporation have an interest
________________________________________________________________
in or a signature or other authority over a financial account in a
4. Indicate your tax accounting method:
foreign country (such as a bank account, securities account, or other
Accrual
Cash
Other __________________________________
financial account)?
Yes
No
5. Is this the corporation’s final return?
Yes
No
If yes, enter name of foreign country: __________________________ .
If yes, check reason:
Withdrawal from Alabama
Dissolution
(Attach a copy of Federal Form TD F 90-22.1.)
Merger
Reorganization
(f) Was the corporation the grantor of, or transferor to, a foreign trust
Name, address, and FEIN of the successor corporation, if any.
which existed during the current tax year whether or not the
________________________________________________________________
corporation has any beneficial interest in it?
Yes
No
________________________________________________________________
8. If this corporation is a member of an affiliated group which files a con-
must be provided:
6. Is this corporation currently in bankruptcy, liquidation, and/or
solidated federal return, the following information
receivership?
Yes
No (If yes, submit complete history.)
(a) Copy of Federal Form 851, Affiliations Schedule. Identify by asterisk
7. (a) During this tax period, did this corporation own, directly or
or underline the names of those corporations subject to tax in
indirectly, 50% or more of the voting stock of any other corporation?
Alabama.
Yes
No If yes, list the name, address, and FEIN of each
(b) Copy of the spreadsheet of the income statements for EVERY corpo-
corporation and identify by asterisk those corporations which were
ration in the consolidated group.
subject to income tax in Alabama. If the space below is insufficient,
(c) Copy of consolidated Federal Form 1120, pages 1-4, as filed with the
attach a separate supporting schedule. Where applicable, this
IRS.
information may be provided as a supplement to the Federal Form
9. Enter this corporation’s federal net income (shown on line 28 of Federal
851 requested in item 8(a) below.
Form 1120) for the last three (3) years, as last determined (e.g.: per
_____________________________________________________________
amended federal return or IRS audit).
_____________________________________________________________
1997 ________________ 1996 ______________ 1995 ________________
(b) During this tax period, did any corporation, partnership, trust, or
10. (a) Are you currently being audited by the IRS?
Yes
No
association own directly or indirectly 50% or more of YOUR stock?
11. Location of the corporate records:
Yes
No If yes, list the name and address, FEIN, and
Street address: __________________________________________________
percentage owned and indicate whether the holder of your stock
City: __________________________ State: __________ZIP: ____________
was subject to income tax in Alabama during this period.
12. Person to contact for information concerning this return:
________________________________________________________________
Name: _________________________________________________________
________________________________________________________________
Telephone: ( _________ ) _________________________________________
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