Free 96 Alabama PDF Template

The IRS Form 1099 is a document that shares similarities with the 96 Alabama form. Both forms serve the purpose of reporting income that has been paid to individuals or entities. Specifically, Form 1099 is used for reporting various types of income, such as freelance earnings, interest, and dividends. Just like the 96 Alabama form, it must be filed by the payer when the payments exceed a certain threshold, which is typically $600 for most types of income. This commonality in reporting ensures that both federal and state tax authorities receive accurate information about income that may be subject to taxation.

Another document that resembles the 96 Alabama form is the W-2 form. Employers use the W-2 form to report wages paid to employees and the taxes withheld from those wages. While the 96 Alabama form focuses on reporting payments made to independent contractors or non-employees, both forms share the goal of providing a clear record of income. The W-2 form must be filed annually and is also submitted to the appropriate tax authorities, ensuring that all income is accounted for, whether it comes from employment or other sources.

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The Form A-3, Annual Reconciliation of Alabama Income Tax Withheld, is another document that aligns with the purpose of the 96 Alabama form. Employers use Form A-3 to reconcile the total amount of Alabama income tax withheld from employees throughout the year. While the 96 Alabama form deals with reporting payments made to individuals who are not employees, both forms are essential for compliance with Alabama tax laws. They ensure that the state receives accurate information regarding tax withholdings and payments, helping to maintain the integrity of the tax system.

Lastly, the 1096 form, which serves as a summary transmittal for information returns filed with the IRS, also bears resemblance to the 96 Alabama form. The 1096 form is used to summarize multiple 1099 forms being submitted at once, making it easier for the IRS to process large volumes of information returns. Similarly, the 96 Alabama form summarizes the annual information returns for payments made within the state. Both forms facilitate the reporting process, ensuring that tax authorities have a comprehensive view of income payments made during the year.

When filling out and using the 96 Alabama form, it is essential to understand the following key points:

• Purpose of the Form: Form 96 is a summary of annual information returns, specifically for reporting payments made to taxpayers subject to Alabama income tax.
• Filing Requirement: Every resident individual, corporation, association, or agent making payments of $1,500 or more must file this form.
• Voluntary Withholding: If Alabama income tax has been voluntarily withheld from payments, Form 99 or an approved substitute must be filed, regardless of the payment amount.
• Exemption for Employers: Employers filing Form A-2 for salaries and wages paid to employees do not need to report those same payments on Form 99.
• Alternative Filing: Instead of Form 99, copies of federal Form 1099 may be submitted to the Department of Revenue.
• Reporting Period: The information returns must cover payments made during the calendar year.
• Filing Deadline: Returns must be submitted to the Alabama Department of Revenue by March 15 of the following year.
• Mailing Address: Form 96 should be mailed to the Alabama Department of Revenue, Individual & Corporate Tax Division, P.O. Box 327489, Montgomery, AL 36132-7489.

Understanding these points will help ensure compliance with Alabama tax regulations and facilitate the proper reporting of income payments.

1. What is the purpose of Form 96?

   Form 96 is used to summarize annual information returns for payments made to taxpayers subject to Alabama income tax. It is specifically designed for reporting payments of $1,500 or more made during the calendar year.

2. Who is required to file Form 96?

   Every resident individual, corporation, association, or agent making qualifying payments must file Form 96. This includes any entity making payments of gains, profits, or income of $1,500 or more to a taxpayer subject to Alabama income tax.

3. What type of payments must be reported on Form 96?

   Payments that need to be reported include gains, profits, or income, excluding interest coupons payable to bearer. If Alabama income tax has been withheld from these payments, Form 99 must be filed instead.

4. When is Form 96 due?

   Form 96 must be filed with the Alabama Department of Revenue on or before March 15 of the year following the calendar year in which the payments were made.

5. Where should Form 96 be mailed?

   Form 96 should be mailed to the Alabama Department of Revenue, Individual & Corporate Tax Division, P.O. Box 327489, Montgomery, AL 36132-7489.

6. Can federal Form 1099 be used instead of Form 99?

   Yes, in lieu of filing Form 99, copies of federal Form 1099 may be submitted to the Alabama Department of Revenue. This provides an alternative for reporting the same payments.

7. What if Alabama income tax has been withheld?

   If Alabama income tax has been withheld on the payments reported on Form 99, Form 96 should not be used. Instead, the appropriate form is Form A-3, which is the Annual Reconciliation of Alabama Income Tax Withheld.

8. What information is required on Form 96?

   Form 96 requires the payer's Social Security Number or Federal Employer Identification Number (FEIN), street address or P.O. Box, city, state, and ZIP code. Additionally, the number of Form 99s attached must be indicated, along with the signature and title of the individual filing the form.