Form 20S (65) Schedule PC Pass-Through Credits - Alabama

What Is Form 20S (65) Schedule PC?

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 20S (65) Schedule PC?
A: Form 20S (65) Schedule PC is a tax form used in Alabama for reporting pass-through credits for S corporations.

Q: What are pass-through credits?
A: Pass-through credits are tax credits that are earned by an S corporation and passed through to its shareholders.

Q: Who needs to file Form 20S (65) Schedule PC?
A: S corporations in Alabama that have pass-through credits to report need to file Form 20S (65) Schedule PC.

Q: What information is required on Form 20S (65) Schedule PC?
A: Form 20S (65) Schedule PC requires information about the pass-through credits, including the type of credit, amount, and the shareholders' allocations.

Q: When is the deadline for filing Form 20S (65) Schedule PC?
A: The deadline for filing Form 20S (65) Schedule PC is the same as the deadline for filing the S corporation's tax return, which is generally due on the 15th day of the third month after the close of the tax year.