Form 20C-CRE Election to File Consolidated Corporate Income Tax Return - Alabama

What Is Form 20C-CRE?

This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 20C-CRE?
A: Form 20C-CRE is the Election to File Consolidated Corporate Income Tax Return for the state of Alabama.

Q: Who needs to file Form 20C-CRE?
A: Corporations that want to file a consolidated corporate income tax return in Alabama need to file Form 20C-CRE.

Q: What is a consolidated corporate income tax return?
A: A consolidated corporate income tax return is a tax return filed by a group of affiliated corporations as if they were a single entity, combining their income, deductions, and credits.

Q: Why would a corporation choose to file a consolidated corporate income tax return?
A: Corporations may choose to file a consolidated corporate income tax return to take advantage of certain tax benefits, such as offsetting profits and losses among affiliated companies.

Q: Is Form 20C-CRE specific to Alabama?
A: Yes, Form 20C-CRE is specific to the state of Alabama.

Q: Are there any deadlines for filing Form 20C-CRE?
A: Yes, the deadline for filing Form 20C-CRE is the same as the deadline for filing the Alabama corporate income tax return, which is generally due on the 15th day of the fourth month following the close of the corporation's tax year.