FAQs Archive - Alabama Department of Revenue

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Frequently Asked Questions

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Showing (33) FAQs

Question	Category	Read More
Is there a limitation on the amount of contributions deductible?	Financial Institution Excise Tax ,
Electronic Payment Options Available	Financial Institution Excise Tax ,
Since Credit Unions do not have Federal Taxable Income, what should a credit union report on the Form ET-1 line 1 Federal Taxable Income?	Financial Institution Excise Tax
How should a multi-state financial institution apportion its income to Alabama?	Financial Institution Excise Tax ,
What steps can be taken to verify that a financial institution is in compliance with Alabama’s filing requirements?	Financial Institution Excise Tax ,
Is there a time limitation to file my financial institution excise tax return with a request for a refund?	Financial Institution Excise Tax ,
Who may file consolidated returns?	Financial Institution Excise Tax ,
Can an election to file a consolidated return be revoked?	Financial Institution Excise Tax ,
Can a financial institution elect to file a consolidated Alabama Financial Institution Excise Tax Return?	Financial Institution Excise Tax ,
Does Alabama have a minimum financial institution excise income tax?	Financial Institution Excise Tax ,
What is the correspondence mailing address for the Financial Institution Excise Tax Section?	Financial Institution Excise Tax ,
What taxes are allowed as credits?	Financial Institution Excise Tax ,
How do I claim a business credit?	Financial Institution Excise Tax ,
What are the reporting requirements as the result of an IRS audit?	Financial Institution Excise Tax ,
What are the reporting requirements to amend a previously filed return?	Financial Institution Excise Tax ,
When is electronic funds transfer (EFT) filing required?	Financial Institution Excise Tax ,
Can a financial institution request a waiver of penalties incurred for excise tax?	Financial Institution Excise Tax
Does our financial institution have Nexus in Alabama?	Financial Institution Excise Tax ,
What types of interest income is taxable?	Financial Institution Excise Tax ,
Where can I find more information pertaining to consolidated financial institution excise tax returns?	Financial Institution Excise Tax ,
What is the current tax rate?	Financial Institution Excise Tax ,
What is the mailing address for Form ET-1/ET-1C?	Financial Institution Excise Tax ,
Does Alabama require estimated tax payments for financial institutions?	Financial Institution Excise Tax ,
Does Alabama allow calculations to determine interest and penalty due to underpayments of estimated tax?	Financial Institution Excise Tax ,
How should financial institutions treat NOLs?	Financial Institution Excise Tax ,
Does Alabama provide for a federal income tax deduction?	Financial Institution Excise Tax ,
Are deductions for dividends allowed?	Financial Institution Excise Tax ,
Is interest expense allowed as a deduction?	Financial Institution Excise Tax ,
What are the recent law changes that affect filing a financial institution excise tax return?	Financial Institution Excise Tax
Am I required to register a financial institution excise tax account?	Financial Institution Excise Tax
What is Financial Institution Excise Tax?	Financial Institution Excise Tax ,
Who must file a Financial Institution Excise Tax return? (Form ET-1)	Financial Institution Excise Tax ,
Does Alabama allow an extension of time to file?	Financial Institution Excise Tax ,