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Alabama Form 12203: What You Should Know

The PTE-E is for Alabama residents who have not claimed a deduction for Alabama residents. The PTE-E is used by the IRS to help ensure that you claim the applicable Alabama tax deduction for Alabama residents on all your federal income tax return for that tax year. A person who doesn't claim any deduction for Alabama residents could receive a letter in the mail from the IRS indicating that he or she does not have to file a tax return for that tax year. You should use this form and PDF to report your Alabama income tax for the tax year for which you wish to be able to claim the income tax deduction. Tax-Profit Businesses: Form 1040EZ It is not necessary for the tax-profit entity to use a letter with the required information to identify the entity as a TPE for 2016. You can submit Form 1040EZ in lieu of including a Form 1040 EZ with the IRS. However, because this information is so important and must be provided in an easy-to-understand manner, the IRS encourages you to file Form PTE-E for 2023 as a TPE for the tax year for which the entity is filing. Form S Corp — Business Income Tax This form must be completed by all members of the S Corp to claim the Alabama income tax deduction for an organization, including S Corp corporations, S Corp partnerships and S corp unincorporated organizations. The tax-saving form includes a summary of the S Corp's income and tax credits and other information about how the S Corp makes contributions and pays for the organization's operating expenses. The individual taxpayer does not have to fill the form out on his or her own, but must provide the information required to be included on the form when the person requesting the form is a member of the S Corp. For more information concerning the individual taxpayer, go to IRS.gov/filing-paperwork. For business owners, the form is designed to be completed when the business owner is receiving compensation and will be filed with the IRS as an appendix to the Form 1040. Form 1065 Alabama Self-Employment Tax (PDF) If your business is owned and operated in Alabama by your spouse or a former spouse, you must complete the form 1065. This form is also used when an individual who is an Alabama resident makes self-employment income. The Alabama income tax deduction amount for the TPE is based upon the applicable tax rates for the individual taxpayer.

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