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Blank Alabama 65 PDF Form

The Alabama 65 form is a tax return specifically designed for partnerships and limited liability companies to report their income and deductions to the state of Alabama. This form is also applicable to syndicates, pools, and joint ventures. If you are responsible for filing this return, take a moment to fill out the necessary details by clicking the button below.

Article Guide

The Alabama 65 form is an essential document for partnerships and limited liability companies (LLCs) operating in Alabama. This form serves as a return of income, allowing these entities to report their financial activities to the Alabama Department of Revenue. It must be filed by various types of organizations, including syndicates, pools, and joint ventures. The form includes critical sections where companies must provide their federal business code, employer identification number, and specify whether the return is initial, amended, or final. Additionally, it requires details about the company’s total federal income, deductions, and assets as reported on the federal Form 1065. The Alabama 65 also asks for information regarding the nature of the business, the number of members, and if the company operates in more than one state. Furthermore, it contains schedules for computing separately stated and non-separately stated income, as well as apportionment factors, which are crucial for determining how much income is subject to Alabama tax. Completing this form accurately is vital, as it ensures compliance with state tax laws and can affect the overall tax liability of the entity.

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FORM	10000165	ALABAMA
65
		DEPARTMENT OF REVENUE

• CY

• FY 2010

•SY

				Partnership/Limited Liability Company Return of Income

					ALSO TO BE FILED BY SYNDICATES, POOLS, JOINT VENTURES, ETC.
Important!						For Calendar Year 2010 or Fiscal Year																			DEPARTMENT USE ONLY
						For Calendar Year 2010 or Fiscal Year																			DEPARTMENT USE ONLY
				beginning • _________________________________, 2010, and ending • ____________________________, _________																				FN
	You Must Check
	Applicable Box:			FEDERAL BUSINESS CODE NUMBER						FEDERAL EMPLOYER IDENTIFICATION NUMBER
	Applicable Box:			•						•
				•						•

•	Amended Return			Name of Company																				Total Federal income as shown on
•	Amended Return																							Total Federal income as shown on
•	Initial Return			•																				Form 1065, line 8.
•	Initial Return																							•
																								•
•	Final Return			Number and Street																				Total Federal deductions as shown on
•	General Partnership																							Form 1065, line 21.
•	General Partnership			City or Town								State			9 Digit ZIP Code									•
				City or Town								State			9 Digit ZIP Code									•
•	Limited Partnership																							Total assets as shown on Form 1065.
																								Total assets as shown on Form 1065.
•	LLC/LLP			Check if the company operates				If above name or address is different from the one
•	LLC/LLP			in more than one state		•		shown on your 2009 return, check here											.	. . •
•				in more than one state		•		shown on your 2009 return, check here									. .	.	. . . .	. . •				•
•	Qualified Investment			Check if the company qualifies for the Alabama					Number of Members															CN
				Check if the company qualifies for the Alabama					Number of Members
	Partnership			Enterprise Zone Credit or the Capital Credit .			. . . . .	. . . . •	During The Tax Year								•

State in Which Company Was Formed					Nature of Business		Date Qualified in Alabama					Number of Nonresident Members
•					•		•					Included in Composite Filing . . .					•

				UNLESS A COPY OF FEDERAL FORM 1065 IS ATTACHED THIS RETURN IS INCOMPLETE
	SCHEDULE A				COMPUTATION OF SEPARATELY STATED AND NONSEPARATELY STATED INCOME
		1	Federal Ordinary Income or (Loss) from trade or business activities												. .	. . . . . . . . . . . . . . . . . . .			. . . . .	. . . . .	.	1			•
		2	Net short-term and long-term capital gains – income or (loss)						. .	. .	.	. . . .		2		•
		3	.Salaries and wages reduced for federal employment credits						. .	. .	.	. . . .		3		•(					)
		4	. . . . . . . .Net income or (loss) from rental real estate activities						. .	. .	.	. . . .		4		•
Reconciliation		5	. . . . . . . . . . . .Net income or (loss) from other rental activities						. .	. .	.	. . . .		5		•
Reconciliation		6	Net gain or (loss) under I.R.C. §1231 (other than casualty losses)											6		•
	to Alabama	6										. . . .		6		•
	to Alabama	7	Adjustments due to the Federal Economic Stimulus Act of 2008
	Basis (see	7
	Basis (see		(attach schedule)											7		•
	instructions)		(attach schedule)			. . . .	. . . . . . . . . .	. .	. .	.	. . . .			7		•
	instructions)	8	Other reconciliation items (attach schedule)											8		•
		8	Other reconciliation items (attach schedule)				. . . .	. . . . . . . . . .	. .	. .	.	. . . .		8		•
		9	.Net reconciling items (add lines 2 through 8)				. . . .	. . . . . . . . . .	. .	. .	.	. . . . .	.	. .	. .	. . . . . . . . . . . . . . . . . . .			. . . . .	. . . . .	.	9			•
		10	Net Alabama nonseparately stated income or (loss) (add line 1 and line 9)											. .	. .	. . . . . . . . . . . . . . . . . . .			. . . . .	. . . . .	.	10			•
		11	Contributions				. . . .	. . . . . . . . . .	. .	. .	.	. . . .		11		•(					)
		12	. . . . . . . . . . . . . . . . . . . . .Oil and gas depletion				. . . .	. . . . . . . . . .	. .	. .	.	. . . .		12		•(					)
		13	. . . . . .I.R.C. §179 expense deduction (complete Schedule K)						. .	. .	.	. . . .		13		•(					)
	Separately	14	. . . . . . . . . . . . . . . . . . . . . . . . . .Casualty losses				. . . .	. . . . . . . . . .	. .	. .	.	. . . .		14		•(					)
	Separately	15	Portfolio income or (loss) less expenses (complete Schedule K)											15		•
	Stated Items	15										. . . .		15		•
	Stated Items	16	Other separately stated items (attach schedule)											16		•
	(Related to	16	Other separately stated items (attach schedule)						. .	. .	.	. . . .		16		•
	Business	17	. . . . . . . .Net separately stated items (add line 11 through 16)						. .	. .	.	. . . . .	.	. .	. .	. . . . . . . . . . . . . . . . . . .			. . . . .	. . . . .	.	17			•
	Business	18	Total separately stated and nonseparately stated items (add line 10 and line 17)																			18			•
	Income)	18															. . . . .	. . . . .	.			18			•
	Income)	19	Alabama apportionment factor from Schedule D, line 4											19		•	%						Do not multiply line 18 by line 19
		19	Alabama apportionment factor from Schedule D, line 4						. .	. .	.	. . . .		19		•	%						Do not multiply line 18 by line 19
		20	Nonseparately Stated Income Allocated and Apportioned to Alabama from Schedule D, line 7																. . . . .	. . . . .	.	20			•

•I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.

Please

Sign

Here

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

		(	)
Signature of general partner	Date		Daytime Telephone No.	Social Security No.

		Preparer’s
		Signature
	Paid	Firm’s name (or yours, •
	Preparer’s	Firm’s name (or yours, •
	Preparer’s	if self-employed)
	Use Only	and address
	Use Only
		•

Date	Check if		Preparer’s Social Security No.
	Check if
•	self-employed		•
Telephone No.		E.I. No.

()

ZIP Code

Email Address

Mail to: Alabama Department of Revenue, Individual and Corporate Tax Division, P.O. Box 327441, Montgomery, AL 36132-7441	ADOR
on or before April 15, 2011. (Fiscal Year Returns must be filed on or before the 15th day of the fourth month following the close of the fiscal year.)

		10000265
	Form 65 — 2010	Page 2

SCHEDULE B		ALLOCATION OF NONBUSINESS INCOME, LOSS, AND EXPENSE

Identify by account name and amount all items of nonbusiness income, loss, and expense removed from apportionable income and those items which are directly allocable to Alabama. Adjustment(s) must also be made for any proration of expens- es under Alabama Income Tax Rule 810-27-1-4-.01, which states, “Any allowable

deduction that is applicable to both business and nonbusiness income of the tax- payer shall be prorated to each class of income in determining income subject to tax as provided…” (See instructions).

	DIRECTLY ALLOCABLE ITEMS		ALLOCABLE GROSS INCOME / LOSS						RELATED EXPENSE					NET OF RELATED EXPENSE

			Column A		Column B			Column C			Column D			Column E			Column F
			Everywhere		Alabama			Everywhere			Alabama			Everywhere			Alabama
														(Col. A less Col. C)			(Col. B less Col. D)

Nonseparately stated items

1a		•
1b		•
1c		•
1d Total (add lines 1a, 1b, and 1c)														•
Separately stated items

1e		•
1f		•
1g		•
1h Total (add lines 1e, 1f, and 1g)														•

SCHEDULE C			APPORTIONMENT FACTOR SCHEDULE – Do not complete if the entity operates exclusively in Alabama.

	TANGIBLE PROPERTY AT COST FOR						ALABAMA							EVERYWHERE
	PRODUCTION OF BUSINESS INCOME				BEGINNING OF YEAR				END OF YEAR			BEGINNING OF YEAR					END OF YEAR

1	Inventories				•
2	Land				•
3	Furniture and fixtures				•
4	Machinery and equipment				•
5	Buildings and leasehold improvements				•
6	IDB/IRB property (at cost)				•
7	Government property (at FMV)				•
8	•

9	Less Construction in progress (if included)				•
10	Totals				•
11	Average owned property (BOY + EOY ÷ 2)							•								•
12	Annual rental expense				•	x8 =								x8 =
13	. . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total average property (add line 11 and line 12)						13a	•				. . . . . .	. . . .	. . . . . . . . . . . .	13b	•
14	. . . . . . . . . . . . . . . . . . . . . . . . . . . . .Alabama property factor — 13a ÷ 13b = line 14					.	. . . . . .	. . . . . .	. . . . . . . . . . .	. . . . . . .	. . . . .	. . . . . . .	. . . .	. . . . . . . . . . . .	14	•	%
	SALARIES, WAGES, COMMISSIONS AND OTHER COMPENSATION							15a	ALABAMA			15b	EVERYWHERE			15c
	RELATED TO THE PRODUCTION OF BUSINESS INCOME
15	Alabama payroll factor — 15a ÷ 15b = 15c					.	. . . . .	•									%
			SALES						ALABAMA				EVERYWHERE

16	Destination sales			. .	. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•
17	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Origin sales			. .	. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•
18	. .Total gross receipts from sales		. . . . . . . . . . . . . . . . . . .	. .	. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•
19	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Dividends			. .	. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•
20	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Interest			. .	. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•
21	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Rents			. .	. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•
22	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Royalties			. .	. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•
23	. . . . . . .Gross proceeds from capital and ordinary gains				. . . . . . . . . . . . . . . . . . . . . .	. .	. . . .	•

24Other •____________________________________ (Federal 1065, line •_____ ) •

25	Alabama sales factor — 25a ÷ 25b = line 25c	25a •	25b		25c	%
26	Sum of lines 14, 15c, and 25c ÷ 3 = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 4, Schedule D, page 3)			26	•	%

ADOR

➤ PDF File

Form Specifications

Fact Name	Description
Purpose of Form	The Alabama 65 form is used by partnerships and limited liability companies to report income, deductions, and credits for the tax year. It is also applicable for syndicates, pools, and joint ventures.
Filing Requirements	This form must be filed for the calendar year 2010 or the fiscal year that begins in 2010. It is essential to file on or before April 15, 2011, or the 15th day of the fourth month following the close of the fiscal year.
Attachments Needed	To ensure completeness, a copy of the Federal Form 1065 must be attached. Without it, the return is considered incomplete.
Governing Laws	The Alabama 65 form is governed by the Alabama Code, specifically under Title 40, Chapter 18, which outlines the state's income tax regulations for partnerships and LLCs.

Alabama 65: Usage Guidelines

Filling out the Alabama 65 form is a crucial step for partnerships and limited liability companies to report their income accurately. After completing the form, it must be submitted to the Alabama Department of Revenue by the specified deadline to avoid penalties. Make sure to have all necessary documents on hand, such as federal Form 1065, to ensure a smooth filing process.

Begin by entering the calendar year or fiscal year for which you are filing.
Check the applicable box for federal business code number or federal employer identification number.
Indicate whether this is an initial return, final return, or amended return.
Fill in the name of the company and its address, including the city, state, and ZIP code.
If the company operates in more than one state, check the appropriate box.
Provide details about the company’s formation, including the state in which it was formed and the nature of business.
List the number of members and indicate if any are nonresident members included in composite filing.
Complete Schedule A by entering the federal ordinary income or loss, net capital gains or losses, and other income items as required.
Fill out Schedule B if applicable, detailing any nonbusiness income, loss, and expenses.
Complete Schedule C if the entity does not operate exclusively in Alabama, providing details on apportionment factors.
Transfer the necessary amounts to Schedule D to calculate the income apportioned to Alabama.
Answer the questions in Schedule E regarding accounting methods and any audits.
Complete Schedule K to report distributive share items for each partner or member.
Ensure all required attachments, such as Alabama Schedule K-1 and federal Form 1065, are included.
Sign and date the form, providing the daytime telephone number and social security number if applicable.
Mail the completed form to the Alabama Department of Revenue by the due date.

Your Questions, Answered

What is the Alabama 65 form?

The Alabama 65 form is a tax return specifically designed for partnerships, limited liability companies (LLCs), and similar entities operating in Alabama. It is used to report income, deductions, and other relevant financial information for the calendar year or fiscal year. This form must be filed by various business structures, including syndicates, pools, and joint ventures. It is essential for compliance with Alabama tax regulations.

Who needs to file the Alabama 65 form?

Any partnership or limited liability company that operates in Alabama must file the Alabama 65 form. This includes general partnerships, limited partnerships, LLCs, and LLPs. If the entity operates in multiple states, it is still required to file this form. Additionally, if the entity is part of a composite filing that includes nonresident members, it must also complete the Alabama 65 form.

What information is required on the Alabama 65 form?

The Alabama 65 form requires several pieces of information, including the name of the company, its address, and its federal employer identification number (EIN). It also asks for total federal income, deductions, and assets as reported on federal Form 1065. Furthermore, details about the nature of the business, the number of members, and any credits the company qualifies for must be provided. A copy of federal Form 1065 must be attached for the return to be considered complete.

What are the deadlines for filing the Alabama 65 form?

The deadline for filing the Alabama 65 form is typically April 15 of the following year for calendar year filers. For entities on a fiscal year, the form must be filed on or before the 15th day of the fourth month after the close of the fiscal year. It is important to adhere to these deadlines to avoid penalties and interest on unpaid taxes.

What happens if the Alabama 65 form is filed late?

If the Alabama 65 form is filed late, the entity may incur penalties and interest on any unpaid taxes. The penalties can vary based on how late the form is submitted. It is advisable to file the return as soon as possible to minimize potential penalties. If there are extenuating circumstances, the entity may consider reaching out to the Alabama Department of Revenue for guidance on possible relief options.

Can the Alabama 65 form be amended?

Yes, the Alabama 65 form can be amended if there are errors or omissions in the original filing. To amend the form, the entity must check the box indicating that it is an amended return and provide the corrected information. It is important to file the amended return as soon as the errors are discovered to ensure compliance and avoid further penalties.

Common mistakes

Incomplete Information: One common mistake is failing to provide complete information. Each section of the Alabama 65 form must be filled out thoroughly. Missing details can lead to delays or rejections.
Incorrect Federal Identification Numbers: People often enter incorrect federal employer identification numbers (FEINs). This error can cause significant issues, as the form is linked to federal records.
Failure to Check Applicable Boxes: It’s essential to check the appropriate boxes, such as whether the return is an amended, initial, or final return. Neglecting this step can lead to confusion about the filing status.
Not Including Required Attachments: The form explicitly states that a copy of the federal Form 1065 must be attached. Omitting this document renders the return incomplete.
Misreporting Income or Deductions: Errors in reporting federal income and deductions can lead to incorrect calculations. It’s crucial to ensure that these figures match those on the federal return.
Ignoring Multi-State Operations: If the business operates in multiple states, this must be indicated on the form. Failing to do so can result in inaccurate apportionment of income.
Signing and Dating the Form: Lastly, individuals often forget to sign and date the return. This step is necessary to validate the submission and confirm its accuracy.

Documents used along the form

The Alabama 65 form is an important document for partnerships and limited liability companies in Alabama. It is used to report income, deductions, and credits for state tax purposes. Along with the Alabama 65 form, several other documents are often required to ensure compliance with state tax regulations. Below is a list of these forms and a brief description of each.

Federal Form 1065: This form is the U.S. Return of Partnership Income. It details the partnership's income, deductions, gains, and losses, and is necessary for filing the Alabama 65 form.
Alabama Schedule K-1: This document provides information about each partner's share of income, deductions, and credits from the partnership. It is essential for partners to report their individual tax obligations accurately.
Alabama Schedule NRA: This schedule is required if there are non-resident partners in the partnership. It helps report income that is allocable to non-residents.
Schedule A: This schedule is used to compute separately stated and non-separately stated income. It breaks down the income sources for better clarity in tax reporting.
Schedule B: This document is for the allocation of non-business income, loss, and expenses. It helps in identifying income that is not subject to apportionment.
Schedule C: This schedule is used for apportionment factors related to the production of business income. It calculates the portion of income taxable in Alabama.
Schedule D: This schedule summarizes the apportionment and allocation of income to Alabama. It combines various income sources to determine the total taxable income in the state.
Schedule E: This document collects other relevant information, such as accounting methods and any ongoing audits. It provides additional context for the tax return.

Each of these forms plays a crucial role in ensuring that partnerships and limited liability companies comply with Alabama tax laws. Properly completing and submitting these documents can help avoid penalties and ensure accurate tax reporting.

Similar forms

The Alabama 65 form is primarily used for the reporting of income by partnerships and limited liability companies. There are several other documents that serve similar purposes in various contexts. Here’s a list of seven such documents, along with explanations of their similarities to the Alabama 65 form:

Form 1065: This is the U.S. Return of Partnership Income. Like the Alabama 65 form, it is used by partnerships to report income, deductions, and credits. Both forms require a detailed breakdown of financial activities, including income and deductions.
Form 1120: This is the U.S. Corporation Income Tax Return. While it is specifically for corporations, it shares the purpose of reporting income and deductions. Both forms require accurate reporting of financial data to determine tax liabilities.
Form 1120-S: This is used for S Corporations to report income, deductions, and credits. Similar to the Alabama 65 form, it requires shareholders to report their share of income and deductions, making it crucial for tax compliance.
Schedule K-1: This form is used to report income, deductions, and credits from partnerships or S Corporations to their partners or shareholders. Both the Alabama 65 and Schedule K-1 require detailed reporting of income distributions to ensure proper tax reporting by recipients.
Form 1065-B: This is the Return of Income for Electing Large Partnerships. Like the Alabama 65 form, it is designed for partnerships but focuses on larger entities, requiring similar financial disclosures.
Form 990: This is the Return of Organization Exempt from Income Tax, used by non-profit organizations. Although it serves a different type of entity, it similarly requires detailed financial information and disclosures about income and expenses.
Form 941: This is the Employer's Quarterly Federal Tax Return. It shares the goal of reporting financial information, specifically regarding payroll taxes. Both forms are essential for compliance with tax regulations and require accurate financial reporting.

Dos and Don'ts

When filling out the Alabama 65 form, it is important to follow specific guidelines to ensure accuracy and compliance. Here are seven things to do and not to do:

Do double-check all entries for accuracy before submitting the form. Mistakes can lead to delays or complications.
Do ensure that you attach a copy of the Federal Form 1065, as it is required for the Alabama 65 form to be considered complete.
Do clearly indicate the applicable box for the type of return you are filing—whether it is an initial, amended, or final return.
Do provide complete and accurate information regarding the company’s name, address, and federal identification numbers.
Don’t leave any sections blank. If a question does not apply, write “N/A” or “not applicable” to indicate that you have considered it.
Don’t forget to sign and date the form. An unsigned form is considered incomplete and will not be processed.
Don’t submit the form late. Be aware of the filing deadlines to avoid penalties and interest.

By adhering to these guidelines, you can help ensure a smoother filing process for your Alabama 65 form. Attention to detail is crucial, and taking the time to follow these steps can prevent future complications.

Misconceptions

Misconceptions about the Alabama 65 form can lead to confusion and potential errors in filing. Here are nine common misconceptions, along with clarifications for each.

Only partnerships need to file the Alabama 65 form. Many entities, including limited liability companies (LLCs), syndicates, pools, and joint ventures, are also required to file.
The Alabama 65 form is only for the calendar year. This form can be used for both calendar and fiscal years, depending on the entity's accounting period.
Filing an amended return is unnecessary. If there are errors in the original submission, filing an amended return is essential to correct those mistakes and avoid penalties.
Attachments are optional. A copy of the federal Form 1065 must be attached; otherwise, the return will be considered incomplete.
Only one member needs to sign the form. All general partners must sign the return, ensuring that all parties are aware of the filing.
The form can be filed anytime before the deadline. It's crucial to file the form on or before the specified due date, which is typically April 15 for calendar year filers.
Nonbusiness income does not need to be reported. All income, including nonbusiness income, must be reported on the form, as it affects the overall tax liability.
The Alabama 65 form is the same as federal filings. While some information may overlap, the Alabama 65 form has specific requirements and calculations that differ from federal forms.
All entities are taxed at the same rate. Tax rates can vary based on the type of entity and its specific circumstances, so it's essential to understand the applicable rates for your situation.

Understanding these misconceptions can help ensure accurate and timely filing of the Alabama 65 form, reducing the risk of complications with the Alabama Department of Revenue.

Key takeaways

When dealing with the Alabama 65 form, there are several important considerations to keep in mind. Here are some key takeaways:

Filing Requirements: Ensure that you check the appropriate box for the type of return being submitted, whether it is an initial, amended, or final return. This distinction is crucial for processing.
Attach Necessary Documentation: The form requires a copy of the Federal Form 1065 to be attached. Without this document, the return will be considered incomplete.
Accurate Reporting: Report total federal income, deductions, and assets accurately as shown on Form 1065. Mistakes in these figures can lead to complications or delays in processing your return.
Understand Apportionment: If the partnership or LLC operates in multiple states, be prepared to calculate the Alabama apportionment factor. This factor determines how much of your income is subject to Alabama tax.

These takeaways highlight the importance of careful preparation and attention to detail when filling out the Alabama 65 form. Ensuring compliance with these guidelines can help facilitate a smoother filing process.