Alabama DOR Releases Information on Business Privilege Tax Return for S Corporations, LLCs

The Alabama Department of Revenue (DOR) July 1 released information on the business privilege tax for S corporations and limited liability entities, explaining that the federal taxable income for these entities is the total income passed through to shareholders, members, or partners. [Ala. Dep’t of Revenue, Business Privilege Tax Return for S Corporations and LLCs, 07/01/24]

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