The Alabama 65 form is a tax document used by partnerships and limited liability companies (LLCs) to report income and deductions to the state of Alabama. This form must also be filed by syndicates, pools, and joint ventures. It is essential for ensuring compliance with Alabama's tax regulations and accurately reflecting the financial activities of the entity during the tax year.
The Alabama 65 form is a crucial document for partnerships and limited liability companies (LLCs) operating in the state. It serves as the official return of income for these entities, capturing essential financial information for the tax year. Specifically designed for partnerships, syndicates, pools, and joint ventures, this form must be filed annually, and it allows businesses to report their federal income, deductions, and total assets. One of the key aspects of the Alabama 65 form is its requirement to attach a copy of the federal Form 1065, ensuring that all reported figures are accurate and complete. The form also includes sections for detailing various types of income, such as nonseparately stated and separately stated items, which can significantly affect the overall tax liability. Additionally, it facilitates the apportionment of income to Alabama, providing a clear framework for businesses that operate in multiple states. Understanding the intricacies of this form is vital for compliance and for taking advantage of any available tax credits, such as those for qualified investments in Alabama. Filing this form accurately not only fulfills a legal obligation but also helps ensure that businesses are positioned to optimize their tax outcomes.
FORM
*10000165*
ALABAMA
65
DEPARTMENT OF REVENUE
• CY
• FY 2010
•SY
Partnership/Limited Liability Company Return of Income
ALSO TO BE FILED BY SYNDICATES, POOLS, JOINT VENTURES, ETC.
Important!
For Calendar Year 2010 or Fiscal Year
DEPARTMENT USE ONLY
beginning • _________________________________, 2010, and ending • ____________________________, _________
FN
You Must Check
Applicable Box:
FEDERAL BUSINESS CODE NUMBER
FEDERAL EMPLOYER IDENTIFICATION NUMBER
•
Amended Return
Name of Company
Total Federal income as shown on
Initial Return
Form 1065, line 8.
Final Return
Number and Street
Total Federal deductions as shown on
General Partnership
Form 1065, line 21.
City or Town
State
9 Digit ZIP Code
Limited Partnership
Total assets as shown on Form 1065.
LLC/LLP
Check if the company operates
If above name or address is different from the one
in more than one state
shown on your 2009 return, check here
.
. . •
. .
. . . .
Qualified Investment
Check if the company qualifies for the Alabama
Number of Members
CN
Partnership
Enterprise Zone Credit or the Capital Credit .
. . . . .
. . . . •
During The Tax Year
State in Which Company Was Formed
Nature of Business
Date Qualified in Alabama
Number of Nonresident Members
Included in Composite Filing . . .
UNLESS A COPY OF FEDERAL FORM 1065 IS ATTACHED THIS RETURN IS INCOMPLETE
SCHEDULE A
COMPUTATION OF SEPARATELY STATED AND NONSEPARATELY STATED INCOME
1
Federal Ordinary Income or (Loss) from trade or business activities
. . . . . . . . . . . . . . . . . . .
2
Net short-term and long-term capital gains – income or (loss)
3
.Salaries and wages reduced for federal employment credits
•(
)
4
. . . . . . . .Net income or (loss) from rental real estate activities
Reconciliation
5
. . . . . . . . . . . .Net income or (loss) from other rental activities
6
Net gain or (loss) under I.R.C. §1231 (other than casualty losses)
to Alabama
7
Adjustments due to the Federal Economic Stimulus Act of 2008
Basis (see
(attach schedule)
instructions)
. . . . . . . . . .
8
Other reconciliation items (attach schedule)
9
.Net reconciling items (add lines 2 through 8)
10
Net Alabama nonseparately stated income or (loss) (add line 1 and line 9)
11
Contributions
12
. . . . . . . . . . . . . . . . . . . . .Oil and gas depletion
13
. . . . . .I.R.C. §179 expense deduction (complete Schedule K)
Separately
14
. . . . . . . . . . . . . . . . . . . . . . . . . .Casualty losses
15
Portfolio income or (loss) less expenses (complete Schedule K)
Stated Items
16
Other separately stated items (attach schedule)
(Related to
Business
17
. . . . . . . .Net separately stated items (add line 11 through 16)
18
Total separately stated and nonseparately stated items (add line 10 and line 17)
Income)
19
Alabama apportionment factor from Schedule D, line 4
%
Do not multiply line 18 by line 19
20
Nonseparately Stated Income Allocated and Apportioned to Alabama from Schedule D, line 7
•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.
(
Signature of general partner
Date
Daytime Telephone No.
Social Security No.
Preparer’s
Signature
Paid
Firm’s name (or yours, •
if self-employed)
Use Only
and address
Check if
Preparer’s Social Security No.
self-employed
Telephone No.
E.I. No.
()
ZIP Code
Email Address
Mail to: Alabama Department of Revenue, Individual and Corporate Tax Division, P.O. Box 327441, Montgomery, AL 36132-7441
ADOR
on or before April 15, 2011. (Fiscal Year Returns must be filed on or before the 15th day of the fourth month following the close of the fiscal year.)
*10000265*
Form 65 — 2010
Page 2
SCHEDULE B
ALLOCATION OF NONBUSINESS INCOME, LOSS, AND EXPENSE
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. Adjustment(s) must also be made for any proration of expens- es under Alabama Income Tax Rule 810-27-1-4-.01, which states, “Any allowable
deduction that is applicable to both business and nonbusiness income of the tax- payer shall be prorated to each class of income in determining income subject to tax as provided…” (See instructions).
DIRECTLY ALLOCABLE ITEMS
ALLOCABLE GROSS INCOME / LOSS
RELATED EXPENSE
NET OF RELATED EXPENSE
Column A
Column B
Column C
Column D
Column E
Column F
Everywhere
Alabama
(Col. A less Col. C)
(Col. B less Col. D)
Nonseparately stated items
1a
1b
1c
1d Total (add lines 1a, 1b, and 1c)
Separately stated items
1e
1f
1g
1h Total (add lines 1e, 1f, and 1g)
SCHEDULE C
APPORTIONMENT FACTOR SCHEDULE – Do not complete if the entity operates exclusively in Alabama.
TANGIBLE PROPERTY AT COST FOR
EVERYWHERE
PRODUCTION OF BUSINESS INCOME
BEGINNING OF YEAR
END OF YEAR
Inventories
Land
Furniture and fixtures
Machinery and equipment
Buildings and leasehold improvements
IDB/IRB property (at cost)
Government property (at FMV)
Less Construction in progress (if included)
Totals
Average owned property (BOY + EOY ÷ 2)
Annual rental expense
x8 =
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total average property (add line 11 and line 12)
13a
. . . . . .
. . . . . . . . . . . .
13b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .Alabama property factor — 13a ÷ 13b = line 14
. . . . . . . . . . .
. . . . . . .
SALARIES, WAGES, COMMISSIONS AND OTHER COMPENSATION
15a
15b
15c
RELATED TO THE PRODUCTION OF BUSINESS INCOME
Alabama payroll factor — 15a ÷ 15b = 15c
SALES
Destination sales
. . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Origin sales
. .Total gross receipts from sales
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Dividends
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Interest
21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Rents
22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Royalties
23
. . . . . . .Gross proceeds from capital and ordinary gains
24Other •____________________________________ (Federal 1065, line •_____ ) •
25
Alabama sales factor — 25a ÷ 25b = line 25c
25a •
25b
25c
26
Sum of lines 14, 15c, and 25c ÷ 3 = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 4, Schedule D, page 3)
*10000365*
Page 3
SCHEDULE D
APPORTIONMENT AND ALLOCATION OF INCOME TO ALABAMA
1 Net Alabama nonseparately stated income or (loss) from line 10, Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Nonseparately stated (income) or loss treated as nonbusiness income (line 1d, Column E, Schedule B)
– please enter income as a negative amount and losses as a positive amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Apportionable income or (loss) – add line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Apportionment factor from line 26, Schedule C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Income or (loss) apportioned to Alabama (multiply amount on line 3 by the percentage on line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Nonseparately stated income or (loss) allocated to Alabama as nonbusiness income (Column F, line 1d, Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Nonseparately Stated Income Allocated and Apportioned to Alabama (add lines 5 and 6). Enter this amount on line 20,
Schedule A and line 1, Schedule K – Alabama Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1•
6•
7•
SCHEDULE E
OTHER INFORMATION
Indicate method of accounting
(a) •
cash
(b) •
accrual
(c) •
other
Check if the company is currently being audited by the IRS
What years are involved? __________________________________
Check if the IRS has completed any audits
4Enter this company’s Alabama Withholding Tax Account Number •
5 Briefly describe your operations •
6 Indicate if company has been(a) • dissolved(b) • sold(c) • incorporated If company has been dissolved, sold, or incorporated, complete the following:
Nature of change •
Name and address of new company, corporation, or owner(s) •
7Location of the partnership records •
8 Check if an Alabama business privilege tax return was filed for this entity •
If the privilege tax return was filed using a different FEIN, please provide the name and FEIN used to file the return.
FEIN: •
NAME: •
9Taxpayer’s email address:
SCHEDULE K
DISTRIBUTIVE SHARE ITEMS
Federal Amount
Apportionment
Alabama Amount
Enter on Alabama
Factor
Schedule K-1
Alabama Nonseparately Stated Income (Schedule D, line 7)
Part III, Line M
Separately Stated Items:
. . . . . .Contributions
Part III, Line S
Oil and gas depletion
Part III, Line Z
I.R.C. §179 expense deduction
a. Amount allowed on 1065
. . . . . . . . . . . . . . . . . . . . . .b. Adjustments required (see instructions)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .c. Amount to be apportioned
Part III, Line O
. . .Casualty losses
Part III, Line W
. . .Portfolio income
Part III, Line Q
Interest expense related to portfolio income
Part III, Line P
Other expenses related to portfolio income (attach schedule)
Part III, Line R
Other separately stated business items (attach explanation)
Part III, Line T
Small business health insurance premiums (attach explanation)
Part III, Line Y
. . . . . . . . . . .Separately stated nonbusiness items (attach schedule)
Part III, Line AA
. . . . . . . .Composite payment made on behalf of owner/shareholder
Part III, Line U
. . . . . . . . . . . . . . . . . . . . . . . . . . . .U.S. taxes paid (attach explanation)
Part III, Line V
Alabama exempt income (attach explanation)
Part III, Line AB
Transactions with Owners:
100%
Property distributions to owners
Part III, Line X
Guaranteed payments to partners
Part III, Line N
CHECK LIST
HAVE THE FOLLOWING FORMS BEEN ATTACHED TO THE FORM 65?
ALABAMA SCHEDULE K-1 (one for each owner)
ALABAMA SCHEDULE NRA (if applicable)
FEDERAL FORM 1065 (entire form as filed with the IRS)
*10000465*
Page 4
Required Entity Information For Partnerships and LLCs
1. List general partners.
NAME OF GENERAL PARTNER
SSN / FEIN
ADDRESS
a.•
b.•
c.•
d.•
e.•
PERCENT OF OWNERSHIP
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
NATURE OF BUSINESS
TAXABLE INCOME
REPORTED TO COUNTRY
a. •
b. •
c. •
d. •
e. •
4. At any time during the tax year, did the Partnership/LLC invest in another Pass-Through entity?
NAME OF ENTITY
FEIN
PERCENT OF
OWNERSHIP
5.Person to contact for information regarding this return:
Name:
Telephone Number: (
Email:
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