Does Alabama accept the federal extension for S corporations?
Form 20S – S Corporation Income Tax Return Yes, provided a copy of the federal extension is attached to the Form 20S when filed. If tax will be due on Form 20S, an Alabama extension (Form 20E) must be filed and the tax paid on or before the due date to avoid penalties and interest. Form PTE-C – Composite Return Yes, provided no payment is due. If a payment is due, Form 20E, an Alabama extension, must be filed and the tax paid on or before the due date to avoid penalties and interest.
Alabama individual and business income taxpayers are no longer required to file an Alabama extension form if they find they cannot meet their annual return filing deadline. Taxpayers will be given an automatic single six-month extension to file. NO EXTENSION FORM (PAPER OR ELECTRONIC) IS REQUIRED TO BE FILED. The automatic extension only applies to filing a return; no extensions are granted for payment of taxes due. ALL TAX PAYMENTS ARE DUE BY THE ORIGINAL DUE DATE OF THE RETURN. Taxes not paid on or before the unextended due date will be subject to interest at the rate provided in 40-1-44, Code of Alabama 1975, and all applicable penalties until paid. Please select the tax type and form below to see the various options for remitting extension payments. Payments should be submitted with Form BIT-V Business Income Tax Voucher.
