Free Alabama 65 PDF Template Fill Out This Document Now

Free Alabama 65 PDF Template

The Alabama 65 form is a critical document used by partnerships and limited liability companies to report their income to the state’s Department of Revenue. This form must also be submitted by syndicates, pools, and joint ventures, ensuring that various business entities comply with Alabama tax regulations. Completing the Alabama 65 form accurately is essential for proper tax assessment, so consider filling it out by clicking the button below.

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Outline

The Alabama 65 form is a crucial document for partnerships and limited liability companies (LLCs) operating in Alabama. This form serves as the Return of Income and must be filed by various entities, including syndicates, pools, and joint ventures. It is essential for reporting total federal income, deductions, and assets as outlined in the federal Form 1065. Taxpayers must indicate whether the return is initial, amended, or final, and they are required to provide their federal business code and employer identification number. The form also captures details about the nature of the business, the number of members, and any multi-state operations. Additionally, it includes schedules for computing separately stated and non-separately stated income, along with adjustments and allocations specific to Alabama. Accurate completion of the Alabama 65 form is vital, as it must be accompanied by a copy of the federal Form 1065 to avoid being deemed incomplete. Filing deadlines are strict, with returns due by April 15 of the following year for calendar year filers, and the form includes a declaration section to ensure the accuracy of the information provided.

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Documents used along the form

The Alabama 65 form is an essential document for partnerships and limited liability companies operating in Alabama, as it outlines the return of income for these entities. In addition to this form, several other documents are often required to ensure compliance with state tax regulations. Below is a list of additional forms and documents that may be needed alongside the Alabama 65 form, along with brief descriptions of each.

  • Alabama Schedule K-1: This form provides detailed information about each partner's share of income, deductions, and credits from the partnership. It is essential for reporting individual tax obligations accurately.
  • Federal Form 1065: This is the federal return for partnerships, which must be filed with the IRS. A complete copy of this form is required to accompany the Alabama 65 form.
  • Illinois Firearm Bill of Sale: For those involved in the buying or selling of firearms, the Bill of Sale for a Gun serves as an important legal record of the transaction, protecting both parties involved.
  • Alabama Schedule NRA: This schedule is necessary for partnerships that have non-resident partners. It outlines the income allocated to non-resident partners and any taxes withheld on their behalf.
  • Alabama Business Privilege Tax Return: This return is required for businesses operating in Alabama and is based on the entity's gross receipts or net worth. It may need to be filed separately from the income tax return.
  • Federal Form 8825: This form is used to report income and expenses from rental real estate activities. It is often required for partnerships that own rental properties.
  • Alabama Schedule D: This schedule details the apportionment of income to Alabama. It is necessary for determining how much of the entity's income is subject to Alabama tax.
  • Alabama Schedule B: This schedule is used to allocate non-business income, loss, and expenses. It helps clarify which income items are directly allocable to Alabama.
  • Alabama Schedule C: This schedule calculates the apportionment factor for the entity, which is crucial for determining the taxable income in Alabama.
  • Alabama Schedule E: This document collects other relevant information about the partnership, such as accounting methods and audit status. It provides the state with a broader understanding of the entity's operations.
  • Supporting Documentation: Additional documents may include financial statements, records of business operations, and any correspondence with the IRS. These materials may be necessary for substantiating the information reported on the tax forms.

Completing the Alabama 65 form and its accompanying documents accurately is vital for compliance with state tax laws. Each form serves a specific purpose and provides essential information that the Alabama Department of Revenue requires to assess tax liabilities appropriately. Ensuring that all necessary documents are submitted can help facilitate a smooth filing process and avoid potential issues with tax compliance.

Steps to Filling Out Alabama 65

Completing the Alabama 65 form is an important task that requires careful attention to detail. After filling out the form, it will need to be submitted to the Alabama Department of Revenue by the appropriate deadline. Below are the steps to guide you through the process of filling out the Alabama 65 form.

  1. Begin by indicating whether this is an Initial Return, Amended Return, or Final Return by checking the applicable box.
  2. Fill in the Name of Company, Number and Street, City or Town, State, and 9 Digit ZIP Code.
  3. Enter the Federal Business Code Number and Federal Employer Identification Number.
  4. Check the box if the company operates in more than one state.
  5. If the name or address differs from the previous year’s return, check the corresponding box.
  6. Indicate if the company qualifies for the Alabama Partnership Enterprise Zone Credit or the Capital Credit.
  7. Provide the Nature of Business and the Date Qualified in Alabama.
  8. List the Number of Nonresident Members included in the composite filing.
  9. Complete Schedule A by providing figures for federal ordinary income or loss, net capital gains or losses, and other income or losses as required.
  10. Fill out the necessary reconciliation items and calculate the net Alabama nonseparately stated income or loss.
  11. Complete Schedule B, if applicable, to allocate nonbusiness income, loss, and expense.
  12. If the entity operates in multiple states, fill out Schedule C to determine the apportionment factor.
  13. Complete Schedule D to allocate income to Alabama based on the apportionment factor.
  14. Answer questions in Schedule E regarding accounting methods and any IRS audits.
  15. Fill out Schedule K for distributive share items, including Alabama nonseparately stated income.
  16. Ensure that all required forms, such as Alabama Schedule K-1 and Federal Form 1065, are attached to the Alabama 65 form.
  17. Sign and date the form, providing the daytime telephone number and preparer's information if applicable.
  18. Finally, mail the completed form to the Alabama Department of Revenue at the specified address.

Misconceptions

Misconception 1: The Alabama 65 form is only for partnerships.

This form is applicable not only to partnerships but also to limited liability companies (LLCs), syndicates, pools, joint ventures, and other similar entities. Any entity that needs to report income in Alabama should consider using this form.

Misconception 2: You can submit the Alabama 65 form without any attachments.

It's essential to attach a copy of the federal Form 1065 when submitting the Alabama 65 form. Without this attachment, your submission will be considered incomplete.

Misconception 3: The Alabama 65 form is only for businesses operating in Alabama.

While the form is used to report income to Alabama, it can also be filed by entities that operate in multiple states. The form includes sections for reporting income and deductions from other states as well.

Misconception 4: Only the general partner needs to sign the Alabama 65 form.

In fact, the form must be signed by a general partner, but it can also be signed by a designated representative of the entity. This allows for flexibility in who can submit the form.

Misconception 5: The deadline for filing the Alabama 65 form is the same for all entities.

The filing deadline varies depending on whether the entity operates on a calendar year or a fiscal year basis. Calendar year entities must file by April 15, while fiscal year entities have a different deadline based on their year-end date.

Misconception 6: The Alabama 65 form does not require any additional schedules.

Additional schedules may be necessary depending on the specifics of the entity's income and deductions. For instance, Schedule B and Schedule C are often required for a complete submission.

Misconception 7: You cannot amend the Alabama 65 form once it has been filed.

Amended returns can be filed using the same form. If you discover an error or need to make changes after submission, you can file an amended return to correct the information.

Misconception 8: The Alabama 65 form is not subject to audit.

Like all tax forms, the Alabama 65 is subject to review and audit by the Alabama Department of Revenue. Maintaining accurate records is crucial for compliance and potential audits.

Misconception 9: You do not need to provide detailed descriptions of your operations.

Providing a brief description of your operations is a required part of the form. This helps the Alabama Department of Revenue understand the nature of your business and its activities.

Form Sample

*25000165*
1. a. Gross receipts or sales..............................................
b. Returns and allowances.............................................
c. Balance. Subtract line 1b from line 1a ........................................................................
2. Cost of goods sold (attach Federal Form 1125-A) .................................................................
3. Gross Profit. Subtract line 2 from line 1c .........................................................................
4. Ordinary income (loss) from other partnerships, estates, and trusts (from Schedule P, line 1d)............................
5. Net farm profit (loss) attach Schedule F (Federal Form 1040) .......................................................
6. Net gain (loss) from Federal Form 4797, Part II, line 17 (attach Federal Form 4797) ....................................
7. Other income (loss) (attach statement) ..........................................................................
8. Total income (loss). Combine lines 3 through 7 ...................................................................
9. Salaries and wages (other than to partners) (less employments credits)...............................................
10. Guaranteed payments to partners ..............................................................................
11. Repairs and maintenance .....................................................................................
12. Bad debts ..................................................................................................
13. Rent.......................................................................................................
14. Taxes and licenses (attach statement) ..........................................................................
15. Interest ....................................................................................................
16. a. Depreciation ......................................................
b. Less depreciation reported on Federal Form 1125-A and elsewhere on return
17. Depletion (do not deduct oil and gas depletion) ...................................................................
18. Retirement plans, etc. ........................................................................................
19. Employee benefits programs ..................................................................................
20. Energy efficient commercial buildings deduction (attach Form 7205) .................................................
21. Other deductions (attach statement) ............................................................................
22. Total deductions. Add the amounts shown in the far right column for lines 9 through 21..................................
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FEDERAL BUSINESS CODE NUMBER
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FEDERAL EMPLOYER IDENTIFICATION NUMBER
• NAME OF COMPANY
• NUMBER AND STREET • SUITE
• CITY OR TOWN • STATE • 9 DIGIT ZIP CODE
• COUNTRY (IF NOT U.S.)
Partnership/Limited Liability Company Return of Income
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STATE IN WHICH COMPANY WAS
FORMED
FEDERAL AUDIT CHANGE .......................
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For Calendar Year 2025 or Fiscal Year
beginning • _________________________________, 2025, and ending • ____________________________, _________
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FY •
SY •
52/53 Week •
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NATURE OF BUSINESS
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DATE QUALIFIED IN ALABAMA
UNLESS A COPY OF FEDERAL FORM 1065 IS ATTACHED THIS RETURN IS INCOMPLETE
Caution.
Include
only
trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.
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PL86-272
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Amended Return
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Initial Return
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Final Return
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General Partnership
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Limited Partnership
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LLC/LLP
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Qualified Investment
Partnership
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Public Housing
Project
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Publicly Traded
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Series LLC
2025
CHECK IF THE COMPANY QUALIFIES FOR THE ALABAMA
ENTERPRISE ZONE CREDIT OR THE CAPITAL CREDIT
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NUMBER OF MEMBERS
DURING THE TAX YEAR
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NUMBER OF NONRESIDENT MEMBERS
INCLUDED IN COMPOSITE FILING
FORM
65
Alabama
Department of Revenue
Filing Status: (see instructions)
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1. Company operating
only in Alabama.
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2. Multistate Company –
Apportionment (Sch. C).
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3. Multistate Company –
Separate Accounting
(Prior written approval
required and must be
attached) or Sch. B
non-business allocation
only.
• ELECTING PTE
• REVOKING PTE
23. Federal ordinary business income (loss). Subtract line 22 from line 8................................................................
24. Alabama nonseparately stated Reconciliations (from Schedule A, line 11) ..............................................................
25. Federal ordinary business income (loss) adjusted to Alabama basis (add lines 23 and 24) .................................................
26. Net nonbusiness income (loss) – Everywhere (from Schedule B, line 1d, Column E) enter income as negative and losses as positive ............
27. Apportionable income (add lines 25 and 26) .......................................................................................
28. Alabama apportionment factor (from line 9, Schedule C) .............................................................................
29. Income (loss) apportioned to Alabama (multiply line 28 by line 27).....................................................................
30. Net nonbusiness income (loss) – Alabama (from Schedule B, line 1d, Column F) ........................................................
31. Small Business Health Insurance Premium Deduction (see instructions)................................................................
32. Alabama ordinary income (loss) (add lines 29, 30, and 31) ...........................................................................
33. 2017 Alabama Historic Rehabilitation Tax Credit (from Schedule PC, Part W, line 6)......................................................
34. Railroad Modernization Act Credit (from Schedule PC, Part W, line 7) ..................................................................
Federal Income
Federal Deduction
(see the
instructions
for limitations)
( )
Important
Check applicable box:
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Mail to: Alabama Department of Revenue, Income Tax Administration Division, P.O. Box 327441, Montgomery, AL 36132-7441
ADOR
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Reset Form
*25000265*
ALLOCATION OF NONBUSINESS INCOME, LOSS, AND EXPENSE
SCHEDULE B
Signature of General Partner Date Daytime Telephone No. Social Security No.
Please
Sign
Here
Paid
Preparer’s
Use Only
I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.
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.
Preparer’s
Signature
Firm’s Name
(or yours, if self employed)
Email Address
Firm’s Address
Preparer’s PTIN
E.I. No.
ZIP Code
Date
Check if
self-employed
( )
Telephone No.
( )
(NONSEPARATELY STATED RECONCILIATION ADJUSTMENTS)
1. Related members interest or intangible expenses or costs from Schedule PAB (see instructions) .........................
2. Nondeductible Federal Depreciation (Economic Stimulus Act of 2008) (see instructions).................................
3. Other reconciling items (attach schedule) ........................................................................
4. State income taxes not deductible ..............................................................................
5. Contributions not deductible on state income tax return due to an election to claim a state tax credit .......................
6. Total additions ..............................................................................................
7. Expenses not deductible on federal income tax return due to election to claim federal tax credit...........................
8. Adjustments due to the Federal Economic Stimulus Act of 2008 (attach schedule)......................................
9. Other reconciling items (attach schedule) ........................................................................
10. Total deductions.............................................................................................
11. Total reconciliation adjustments (subtract line 10 from line 6 above) ..................................................
Additions
Deductions
SCHEDULE A
Form 65 — 2025 Page 2
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)
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)
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 expenses under Alabama Income Tax
Rule 810-27-1-.01, which states, “Any allowable deduction that is ap pli ca ble to both business
and nonbusiness income of the taxpayer shall be prorated to each class of income in deter-
mining income subject to tax as provided…” (See instructions).
Do not complete if entity operates exclusively in Alabama.
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Person to contact for information regarding this return:
Name:
Telephone Number: ( )
Email:
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*25000365*
APPORTIONMENT FACTOR SCHEDULE – Do not complete if the entity operates exclusively in Alabama.
SCHEDULE C
OTHER INFORMATION
SCHEDULE E
SALES
1. Gross receipts from sales ...........................................................
2. Dividends...........................................................................
3. Interest.............................................................................
4. Rents ..............................................................................
5. Royalties ...........................................................................
6. Gross proceeds from capital and ordinary gains ......................................
7.
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Other _______________________________________ (
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Federal 1065, line ______ )
8. Total Sales (add lines 1-7) ...............................................................
9. 8a/8b = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 28, page 1) ................................................................
ALABAMA EVERYWHERE
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ADOR
Form 65 — 2025 Page 3
Income (Loss) From AL
Name of Entity FEIN All Sources Source Income (Loss)
Full Ownership List the disregarded entities in which the taxpayer holds full ownership of 100%
SCHEDULE D
1. Indicate if company has been
dissolved
sold
incorporated
If company has been dissolved, sold, or incorporated, complete the following:
Nature of change
Name and address of new company, corporation, or owners
2. Check if an Alabama business privilege tax return was filed for this entity
Check this box, if entity is exempt from BPT
Enter entity’s net worth
If the privilege tax return was filed using a different FEIN, please provide the name and FEIN used to file the return.
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FEIN:
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NAME:
3. Taxpayer’s email address
4. Did any corporation, partnership, trust, individual, estate,or tax-exempt organization own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership?
Yes
No If Yes, attach schedule of Partners owning 50% or more of the Partnership.
5. At the end of the tax year, did the partnership own directly 50% or more of the total voting power of all classes of stock entitled to vote of any corporation, or own 50% or more directly or indi-
rectly, in the profit, loss, or capital in any partnership or in the beneficial interest of a trust?
Yes
No If Yes, attach a schedule.
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*25000465*
SCHEDULE K
Form 65 — 2025 Page 4
Federal
Amount (A)
Partners’ Distributive Share Items
Apportionment
Factor (B)
Apportioned
Amount (C)
Enter on Alabama
Schedule K-1
Part III, Line H
Part III, Line I
Part III, Line I
Part III, Line J
Part III, Line K
Part III, Line K
Part III, Line K
Part III, Line L
Part III, Line L
Part III, Line M
Part III, Line N
Part III, Line O
Part III, Line P
Part III, Line Q
Part III, Line R
Part III, Line S
Part III, Line T
Part III, Line N
Part III, Line U
Part III, Line U
Part III, Line V
Part III, Line W
Part III, Line W
Part III, Line X
Part III, Line Y
Part III, Line Z
Part II, Line G
Part III, Line AA
Part III, Line AA
INCOME (LOSS)
1. Alabama Ordinary income (loss) (page 1, line 32) ..........................................
2. Net rental real estate income (loss) (attach Form 8825) .....................................
3. a. Other gross rental income (loss) .............................
b. Expenses from other rental activities (attach statement) .........
c. Other net rental income (loss). Subtract 3b from line 3a ..................................
4. Guaranteed payments.................................................................
5. Interest income.......................................................................
6. Dividends ...........................................................................
7. Royalties ............................................................................
8. a. Short-term and long-term capital gain(loss) ...................
b. Opportunity Zone Investment(from Schedule OZ, line 4) .........
c. Exemption of gain under 40-18-8.1(Tech Company)..............
d. Net short-term and long-term capital gain(loss) Add lines 8a, 8b and 8c......................
9. Net section 1231 gain (loss) (attach Form 4797) ...........................................
10. Other income (loss) ...................................................................
11. Nonbusiness items (attach schedule) (Schedule B, Column B, line 1h) ........................
DEDUCTIONS
12. Section 179 deduction.................................................................
13. a. Contributions......................................................................
b. Investment interest expense .........................................................
14. Other deductions .....................................................................
15. Oil and gas depletion..................................................................
16. Casualty losses ......................................................................
17. Nonbusiness items (attach schedule) (Schedule B, Column D, line 1h) ........................
OTHER
18. a. Tax-exempt interest income .........................................................
b. Other tax-exempt income ...........................................................
c. Nondeductible expenses ............................................................
19. a. Distributions of cash and marketable securities .........................................
b. Distributions of other property........................................................
20. a. Investment income .................................................................
b. Investment expenses...............................................................
c. Other items and amounts (attach statement) ...........................................
21. Total credits (attach Schedule PC) ......................................................
22. Composite payment made on behalf of owner .............................................
23. Electing Pass-Through Entity Tax (Form EPT, line 2) ......................................
Multistate entities should not use Schedule K to allocate separately stated income. See instructions for Schedule B.
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ADOR
*25000565*
SCHEDULE L – BALANCE SHEET
Form 65 — 2025 Page 5
Assets
Cash .....................................................
Trade notes and accounts receivable .............................
Less allowance for bad debts ...................................
Inventories.................................................
U.S. government obligations....................................
Tax-exempt securities ........................................
Other current assets (attach statement) ...........................
Loans to partners (or to persons related to partners) ..................
Mortgage and real estate loans .................................
Other investments (attach statement) .............................
Buildings and other depreciable assets............................
Less accumulated depreciation .................................
Depletable assets ...........................................
Less accumulated depletion ....................................
Land (net of any amortization). ..................................
Intangible assets (amortizable only) ..............................
Less accumulated amortization .................................
Other assets (attach statement) .................................
Total Assets ...............................................
Liabilities and Capital
Accounts payable............................................
Mortgages, notes, bonds payable in less than 1 year .................
Other current liabilities (attach statement) ..........................
All nonrecourse loans.........................................
Loans from partners (or persons related to partners)..................
Mortgages, notes, bonds payable in 1 year or more ..................
Other liabilities (attach statement)................................
Partners’ capital accounts .....................................
Total Liabilities and Capital ...................................
Beginning of tax year End of tax year
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*25000665*
(c) (d) (e)
Employer Ordinary Income From Ordinary Income From
Identification Number All Sources Alabama Sources
1 TOTAL INCOME OR (LOSS). Add the amounts in columns (d) and (e).
Enter the total here and include the amount from line 1d on page 1, line 4. .............................................................
(a)
Ordinary income or (loss) from Partnerships, Trusts and Estates.
Name and Address
(b)
Check One
Partnership
Estate or Trust
PARTNERSHIPS, TRUSTS, AND ESTATES
SCHEDULE P
Form 65 — 2025 Page 6
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Free Alabama 65 PDF Template

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