The Alabama 96 form is a document used to summarize annual information returns for payments made to taxpayers subject to Alabama income tax. It is essential for individuals and entities that have made payments of $1,500 or more in a calendar year. Filing this form ensures compliance with state tax regulations and must be submitted to the Alabama Department of Revenue by March 15 of the following year.
The Alabama 96 form plays a crucial role in the reporting of annual information returns for individuals and entities making significant payments subject to Alabama income tax. This form is primarily utilized by those who have made payments of $1,500 or more within a calendar year, whether they are individuals, corporations, or associations. It serves as a summary of these payments and requires details such as the payer's social security number or Federal Employer Identification Number (FEIN), along with their address. Additionally, the form requests the number of Form 99s attached, which must be filed by anyone who has withheld Alabama income tax from payments. It's important to note that employers who report salaries and wages on Form A-2 do not need to duplicate this information on Form 99. Instead, they have the option to submit copies of federal Form 1099 as an alternative. All returns must be submitted to the Alabama Department of Revenue by March 15 of the following year to ensure compliance. Proper filing is essential for accurate tax reporting and adherence to state regulations.
FORM 96
ALABAMA DEPARTMENT OF REVENUE
CALENDAR YEAR
1/00
Summary of Annual Information Returns
_______________
(DATE RECEIVED)
PAYER
SOCIAL SECURITY NO. OR FEIN
STREET ADDRESS OR P.O. BOX
CITY
STATE
ZIP CODE
SIGNATURE
NUMBER OF FORM 99S ATTACHED _________
TITLE
Instructions
Information returns on Form 99 must be filed by every resident individual, corporation, association or agent making payment of gains, profits or income (other than interest coupons payable to bearer) of $1,500.00 or more in any calendar year to any taxpayer subject to Alabama income tax. If you have voluntarily withheld Alabama income tax from such payments, you must file Form 99 or approved substitute regardless of the amount of the payment. Employers filing Form A-2 with respect to salaries and wages paid employees need not report the same payments on Form 99. In lieu of filing Form 99, you may file copies of federal Form 1099 with the Department. Information returns in all cases shall cover payments made during the calendar year.
Returns must be filed with the Alabama Department of Revenue for each calendar year on or before March 15 of the following year.
Mail to: Alabama Department of Revenue
NOTE: IF ALABAMA INCOME TAX HAS BEEN WITHHELD ON FORM 99
Individual & Corporate Tax Division
DO NOT USE THIS FORM; USE FORM A-3, ANNUAL RECONCILIATION
P.O. Box 327489
OF ALABAMA INCOME TAX WITHHELD.
Montgomery, AL 36132-7489
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The Alabama Form 99 is closely related to the Alabama 96 form as both serve to report payments made to individuals or entities subject to Alabama income tax. Form 99 specifically details payments of $1,500 or more made within a calendar year. Like the Alabama 96, it requires information about the payer and the recipient, ensuring that the state can accurately track income and tax obligations. Both forms must be filed by March 15 of the following year, emphasizing the importance of timely reporting to avoid penalties.
Another document similar to the Alabama 96 form is the federal Form 1099. This form also reports various types of income received by individuals, such as payments for services or interest earned. While the Alabama 96 focuses on state-specific reporting, the 1099 serves a broader federal purpose. Filers can use copies of Form 1099 in lieu of Form 99 when reporting to the Alabama Department of Revenue, highlighting the interconnectedness of state and federal tax reporting requirements.
In the context of tax forms, it’s essential to recognize the variation in documentation requirements across states. For instance, while Alabama has its own specific forms, individuals engaged in different activities or events in California may need to consider liability implications, highlighted by resources such as https://holdharmlessletter.com/. Understanding these nuances can help ensure compliance and protection against potential legal issues.
The Alabama Form A-2 is another relevant document, especially for employers. This form is used to report wages and salaries paid to employees. Unlike the Alabama 96, which deals with various types of income, Form A-2 focuses specifically on employment-related payments. Employers must file Form A-2 and are not required to report the same payments on Form 99, which reduces redundancy in reporting for wage payments. Both forms are essential for maintaining compliance with Alabama tax regulations.
Lastly, the Alabama Form A-3 is significant for those who have withheld income tax. This form is an annual reconciliation of Alabama income tax withheld and is required if Alabama income tax has been withheld on payments reported on Form 99. While Form 96 summarizes annual information returns, Form A-3 provides a detailed account of tax withheld, ensuring that the state receives the appropriate tax revenue. Timely filing of both forms is crucial to avoid penalties and ensure compliance with Alabama tax laws.
Here are some key takeaways regarding the completion and use of the Alabama 96 form:
The Alabama 96 form serves as a summary of annual information returns for payments made to taxpayers subject to Alabama income tax. It helps the Alabama Department of Revenue track payments of $1,500 or more made during the calendar year.
Any resident individual, corporation, association, or agent making payments of $1,500 or more to a taxpayer subject to Alabama income tax must file Form 96. This includes payments made for gains, profits, or income, excluding interest coupons payable to bearer.
Payments that require the filing of Form 99 include those that total $1,500 or more in a calendar year. If Alabama income tax has been withheld from these payments, Form 99 or an approved substitute must be filed, regardless of the amount.
If you have withheld Alabama income tax from payments reported on Form 99, do not use Form 96. Instead, you must file Form A-3, which is the Annual Reconciliation of Alabama Income Tax Withheld.
Form 96 must be filed with the Alabama Department of Revenue by March 15 of the year following the calendar year in which the payments were made. Timely filing is essential to avoid penalties.
Mail Form 96 to the Alabama Department of Revenue at the following address: Individual & Corporate Tax Division, P.O. Box 327489, Montgomery, AL 36132-7489.
Yes, in lieu of filing Form 99, you may submit copies of federal Form 1099 to the Alabama Department of Revenue. This can simplify the reporting process if you have already prepared federal forms.
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.