Welcome Guest. Register Now!  


Alabama AL


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-01-2012, 01:26 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,397
Blog Entries: 3
Alabama Department of Revenue announces Gross Income Tax Rule Becomes Effective for 2011!

The Alabama Department of Revenue announced "that amendments to three income tax regulations, collectively referred to as the “gross income regulation,” have become final.

The amendments, proposed and certified in accordance with the Alabama Administrative Procedure Act (APA) rules process, are effective for the 2011 tax year.

The rule change requires Alabama resident taxpayers to include in their Alabama gross income their distributable share of partnership, limited liability company, and s-corporation income derived from both in-state and out-of-state activities.

Prior to the administrative rule change, the existing gross income tax regulation allowed residents to apportion income from partnerships, limited liability companies, and s-corporations, and exclude non-Alabama source income from the tax base."

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Alabama Department of Revenue (ADOR) announced "Penalty Relief Available to Certain Taxpayers"! TaxGuru Alabama 0 02-01-2012 01:23 PM
IRS announces new Interest Rates on Overdue Taxes for both Individuals and Corporations Effective September 30, 2011! TaxGuru General 0 09-07-2011 11:21 AM
How can a Taxpayer meet the Material Participation Rule and avoid the Passive Rule Limitation Rules being applied to activities with losses? TaxGuru Rental Real-Estate 1 08-02-2011 05:12 PM
Does an employer have to certify an employee with the Alabama Department of Revenue (ADOR) by proving the unemployment status of the employee? TaxGuru Alabama 0 07-13-2010 08:45 PM
New Jersey announces an Increase in its Gross Income Tax Rate! TaxGuru New Jersey 0 07-10-2009 02:35 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning