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Fill Out a Valid 96 Alabama Template

The 96 Alabama form is a document used by the Alabama Department of Revenue to summarize annual information returns. It is essential for individuals and entities that have made significant payments subject to Alabama income tax. Understanding how to properly complete and submit this form is crucial for compliance and accurate reporting.

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The 96 Alabama form is a critical document for individuals and entities making significant payments subject to Alabama income tax. This form serves as a summary of annual information returns, specifically for payments of $1,500 or more made to any taxpayer within the state. It is essential for every resident individual, corporation, association, or agent to understand the filing requirements associated with Form 99, as it pertains to gains, profits, or income. If you have withheld Alabama income tax from such payments, filing Form 99 is mandatory, regardless of the payment amount. Employers who have already reported salaries and wages on Form A-2 are exempt from including those payments on Form 99. Alternatively, federal Form 1099 can be submitted in place of Form 99, simplifying the process for some filers. Timeliness is crucial; all information returns must be filed with the Alabama Department of Revenue by March 15 of the following year to avoid penalties. This form is not to be confused with Form A-3, which is used for annual reconciliation of Alabama income tax withheld. Understanding these nuances is vital for compliance and to ensure proper reporting of financial transactions within Alabama.

Document Sample

FORM 96

ALABAMA DEPARTMENT OF REVENUE

CALENDAR YEAR

 

 

1/00

Summary of Annual Information Returns

_______________

(DATE RECEIVED)

07/09/2021

PAYER

SOCIAL SECURITY NO. OR FEIN

STREET ADDRESS OR P.O. BOX

CITY

STATE

ZIP CODE

SIGNATURE

NUMBER OF FORM 99S ATTACHED _________

TITLE

Instructions

Information returns on Form 99 must be filed by every resident individual, corporation, association or agent making payment of gains, profits or income (other than interest coupons payable to bearer) of $1,500.00 or more in any calendar year to any taxpayer subject to Alabama income tax. If you have voluntarily withheld Alabama income tax from such payments, you must file Form 99 or approved substitute regardless of the amount of the payment. Employers filing Form A-2 with respect to salaries and wages paid employees need not report the same payments on Form 99. In lieu of filing Form 99, you may file copies of federal Form 1099 with the Department. Information returns in all cases shall cover payments made during the calendar year.

Returns must be filed with the Alabama Department of Revenue for each calendar year on or before March 15 of the following year.

Mail to: Alabama Department of Revenue

NOTE: IF ALABAMA INCOME TAX HAS BEEN WITHHELD ON FORM 99

Individual & Corporate Tax Division

DO NOT USE THIS FORM; USE FORM A-3, ANNUAL RECONCILIATION

P.O. Box 327489

OF ALABAMA INCOME TAX WITHHELD.

Montgomery, AL 36132-7489

 

Form Information

Fact Name Description
Form Purpose The 96 Alabama form is used to summarize annual information returns for payments made to taxpayers subject to Alabama income tax.
Governing Law This form is governed by Alabama income tax regulations, specifically for reporting payments of $1,500 or more.
Filing Deadline Returns must be submitted to the Alabama Department of Revenue by March 15 of the following year.
Taxpayer Eligibility All resident individuals, corporations, associations, or agents making qualifying payments must file this form.
Payment Threshold The form is required for payments of $1,500 or more made during the calendar year.
Alternative Filing Instead of Form 99, copies of federal Form 1099 can be submitted to the Department.
Employer Exemption Employers filing Form A-2 for salaries and wages are not required to report those payments on Form 99.
Withholding Note If Alabama income tax has been withheld, Form A-3 should be used instead of Form 96.
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