Alabama Form 2220 2023-2024

Alabama Form 2220: What You Should Know

Form 2220AL is the Alabama form used by the state for understating taxes (for example, income tax) and not charging the taxpayer interest on interest that is paid on understating tax. Form 2220AL is an electronic tax bill. Form 2220AL will show the estimated tax due and the due dates based on the taxpayer's filing status (e.g., filing in person, filing an extension and paying at regular intervals, filing the tax on time without an extension.) The taxpayer is required to pay at least the minimum amount of state taxes imposed due to the underpayment. Form 2220AL, Estimated Tax Penalties for — Alabama Corporate Income Tax You are required to file a separate form to claim the underpayment tax penalties (including interest) of this form if you want to collect this refund. Form 2220AL is used by corporations if the estimated tax due is 10,000 or less, in all or part of a tax period. Generally, the corporation is not required to file. However, if you are filing at a taxpayer location other than within Alabama, the Form 2220AL may be filed and approved by Alabama Tax Assessor's office at that location. To learn more, visit IRS website. Note: Form 2220AL will be mailed to the taxpayer's business address. If the form does not have an office address, you must use Form 2220A. Under section 7 of the Alabama Tax Code, taxpayers filing in Alabama are required to provide Alabama Tax Assessor's office with their actual legal Alabama addresses. For tax return filers, this can be a different address (business or residential) than the address provided on the form(s) requesting refund. Example: In 2010, Joe and Elizabeth live, work and own the same real estate office in Birmingham, Ala. Joe paid 25,000 of state tax to Alabama Tax Assessor's office in 2009. On this form, they claimed that they did not use Alabama corporate income tax. In 2009, Joe sent his annual form to the corporate address in Alabama but his address in the Form 2220AL did not include his actual Alabama address or the Alabama address provided on the form(s) with a request for refund. The form also has an Alabama address for the return filing deadline and a business office address. Joe's Form 2220AL has an address for the return filing deadline, but he did not include a business address.

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