Is there a composite return for partnerships with non-resident members?
The Entertainment Industry Incentive Act of 2009, Alabama Act Number 2009-144, also created new composite payment and return requirements for partnerships. Under the new law, a partnership, or other entity classified as a Subchapter K entity, is required to file a composite return and make composite payments on behalf of its nonresident owners or members if there are one or more nonresident owners or members at anytime during the taxable year. The law generally exempts Alabama QIPs from the composite payment and return requirement.
Related Questions
- Does Georgia allow the filing of a composite return for the nonresident shareholders, partners, or members of an s-corporation, partnership, LLC, or similar nontaxable entity?
- Must all nonresident shareholders, partners, or members be included on the composite return?
- Is there a composite return for partnerships with non-resident members?
