Alabama DOR Releases Revised FAQs on Filing Requirements for S-Corporations

The Alabama Department of Revenue (DOR) Jan. 20 released a revised version of its previously released Frequently Asked Questions (FAQs) document, providing guidance for s-corporations, to update taxpayers with information on new filing requirements. The DOR provides that: 1) composite returns are due on the 15th day of the third month following the end of the s-corporation tax period; 2) nonresident s-corporation owners may opt out of filing composite filing if the nonresident completes Schedule NRA (Alabama Pass-Thru Entity Non-Resident Agreement); 3) Alabama does not accept consolidated s returns; and 4) estimated payments are not required. [Ala. Dep’t of Revenue, ...