Alabama Form 41 PDF Details

Alabama Form 41 is the state's official Fiduciary Income Tax Return. Any estate or trust with Alabama-source income, or one that is administered in Alabama, is required to file this return annually. The form covers these entity types: decedent's estates, simple trusts, complex trusts, grantor trusts, and Chapter 7 and Chapter 11 bankruptcy estates.

The return collects the estate or trust's EIN, the fiduciary's name and address, and a detailed accounting of income, deductions, and credits. Three schedules accompany the main form: Schedule A for charitable deductions, Schedule B for Alabama income distribution deductions, and Schedule G for adjustments required under Alabama-specific tax law, including changes under the Subchapter J and Business Trust Conformity Act.

The fiduciary or an authorized officer must sign the return under penalties of perjury. Alabama participates in the federal-state e-file program, allowing electronic filing for faster processing and confirmation. Filers should use the most current version of the form, as Alabama updates Form 41 each year to reflect changes in state tax law.

QuestionAnswer
Form NameAlabama Form 41
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other names13c, Nonresident, Preparer, Grantor

Form Preview Example

FORM

 

*0612830141*

41

2006

(Rev. 11/06)

ALABAMA DEPARTMENT OF REVENUE

Fiduciary Income Tax Return

For the calendar year 2006 or fiscal year beginning

__________________________, 2006, and ending ____________________________, ___________

Type of entity (see instructions): Decedent’s estate

Simple trust

Complex trust

Qualified disability trust

ESBT (S portion only)

Grantor type trust

Bankruptcy estate – Ch. 7

Bankruptcy estate – Ch. 11

Pooled income fund

Employer Identification Number

Name of Estate or Trust

Name and Title of Fiduciary

Address of Fiduciary (number and street)

City, State, and Zip Code

FN

Initial Return

Amended Return

Final Return

 

 

Address change

Entity has income from more than one state

Fiduciary or name change

 

 

 

 

 

 

 

 

Date entity created

 

 

 

Number of K-1s attached

 

 

 

Return is Filed on Cash Basis

 

Nonresident estate or trust

Trust has a nonresident beneficiary

 

 

A complete copy of the Federal Form 1041 must be attached for this return to be considered complete.

COMPUTATION OF ALABAMA TAXABLE INCOME AND NET TAX DUE

 

1

Alabama Adjusted Total Income or (Loss) (Schedule C, Line 18c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

 

Special Deductions Available to Trusts:

 

2

Alabama Income Distribution Deduction (Schedule B, Line 16)

2

3

Exemption (Allowed the Estate or Trust by 40-18-19, Code of Alabama 1975)

3

4

Total of Special Trust Deductions (Total of Lines 2 and 3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5

Alabama Taxable Income (Line 1 less Line 4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6a

$__________________ at 2 percent (On first $500, or fraction thereof, of AL Taxable Income) . . .

6A

b$__________________ at 4 percent (On next $2,500, or fraction thereof, of AL Taxable Income) . 6B

c $__________________ at 5 percent (On all over $3,000 of AL Taxable Income)

6C

7

TOTAL INCOME TAX DUE (See instructions)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8

Credits: a Income tax paid to other states (See instructions for limitations)

8A

 

b Capital Credit (See instructions for limitations)

8B

 

c Amount paid with Form 4868A

8C

 

d Composite payments. Paid by __________________ TIN _____________________

8D

9

Total Credits (Total of Lines 8a through 8d)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10

NET TAX DUE (Subtract Line 9 from Line 7) PAY THIS AMOUNT IN FULL WITH RETURN

. . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11

NET REFUND (If Line 9 is larger than Line 7, enter overpayment here)

11

(For official use only)

 

 

CN

 

(For official use only)

Returns with payments must be filed with the Alabama Department of Revenue, Individual and Corporate Tax Division, P.O. Box 327444, Montgomery, AL 36132-7444. Returns without payments must be filed with the Alabama Department of Revenue, Individual and Corporate Tax Division, P.O. Box 327440, Montgomery, AL 36132-7440, on or before April 16, 2007. (Fiscal Year Returns must be filed on or before the 15th day of the fourth month following the close of the fiscal year.)

Please

Sign

Here

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.

( )

Signature of fiduciary or officer representing fiduciary

Date

Daytime Telephone No.

Social Security Number

Paid

Preparer’s

Use Only

Preparer’s signature

Firm’s name (or yours, if self-employed) and address

 

 

Date

 

Preparer’s Social Security Number

 

 

 

Check if

 

 

 

 

self-employed

 

 

Tel. (

)

E.I. No.

 

 

 

 

 

 

 

 

ZIP Code

 

 

 

 

 

FORM

*0612830241*

 

41 2006

Alabama Fiduciary Income Tax Return

PAGE 2

Name of estate or trust

Employer identification number

Name and title of fiduciary

SCHEDULE A – ALABAMA CHARITABLE DEDUCTION. Do not complete for a simple trust or a pooled income fund.

 

 

1

1

Amounts paid or permanently set aside for charitable purposes from gross income

 

 

 

2

2

Alabama tax-exempt income allocable to charitable contributions

 

 

 

3

3

Subtract line 2 from line1

 

 

 

4

4

Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable purposes

 

 

 

5

5

Alabama Charitable Deduction.Add Line 3 and Line 4. Enter total here and on Page 3, Schedule C, Line 13, Column C

 

SCHEDULE B – COMPUTATION OF ALABAMA INCOME DISTRIBUTION DEDUCTION

 

 

 

1

1

Alabama Adjusted Total Income (Page 1, Lne 1)

 

2The amount of gain from the sale of capital assets, but only if the gain was allocated to corpus and not paid, credited,

 

2

or required to be distributed to any beneficiary during the taxable year or not included in Line 4, Schedule A (see instructions)

 

 

3

3 Subtract the amount entered on Line 2 from the amount entered on Line 1, and enter in Line 3

 

4The amount of loss from the sale of capital assets – entered as a positive number, only if the loss was not considered

 

in the determination of the amount to be paid, credited, or required to be distributed to any beneficiary during taxable year

4

5

Amount of tax exempt interest income excluded in computing Alabama taxable income

5

6

Other adjustments – see instructions

6

7

Alabama Distributable Net Income (Sum of Lines 3 through 6)

7

8If a complex trust, enter accounting income for the tax year as determined under the

 

governing instrument and applicable local law

8

 

 

 

 

 

 

 

9 Income required to be distributed currently

9

 

 

 

 

10

Other amounts paid, credited, or otherwise required to be distributed

10

 

 

 

 

11

Total distributions. add Lines 9 and 10

11

 

 

 

 

12

Enter the amount of tax-exempt income included on Line 11

12

 

 

 

 

13

Tentative income distribution deduction. Subtract Line 12 from Line 11

13

 

 

 

 

14

Tentative income distribution deduction. Subtract Line 5 from Line 7. If zero or less, enter -0-

14

 

 

 

15

Special Alabama Income Distribution Deduction (see instructions for applicability of the special limitation)

15

16Alabama Income Distribution Deduction. Enter the smallest of Line 13, Line 14, or, if applicable, Line 15,

on this line and on Page 1, Line 2. (Do not enter less than zero.)

16

CHANGE IN ALABAMA TAX LAW

CONCERNING ESTATES AND TRUSTS

The Alabama Legislature passed the Subchapter J and Business Trust Conformity Act (Act Number 2006-114) during the 2006 session. The law was retroactively effective for tax years beginning after December 31, 2004.

At the time the 2006 Form 41 was being developed, the promulgation process had begun for the regulations to implement the Act. Up-to-date information concerning the law and regulations is available on the Alabama Department of Revenue’s Web site (www.revenue.alabama.gov).

FORM

*0612830341*

 

41 2006

Alabama Fiduciary Income Tax Return

PAGE 3

Name of estate or trust

Employer identification number

Name and title of fiduciary

SCHEDULE C – COMPUTATION OF ALABAMA ADJUSTED TOTAL INCOME

 

 

 

Column A

 

 

Column B

 

Column C

 

 

 

AS REPORTED ON

 

 

ALABAMA

 

ALABAMA AMOUNT

 

 

 

FEDERAL FORM 1041

 

 

ADJUSTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Interest income

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

Ordinary dividends

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

Business income or (loss)

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

Capital gain or loss (see instructions)

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Rents, royalties, partnerships, and other estates and trusts

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

Farm income or (loss)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

Ordinary gain or (loss) from Form 4797

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8

Other income

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

Total Income (Sum of Lines 1 through 8)

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ordinary Deductions:

 

 

 

 

 

 

 

 

 

 

10

Interest

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

Taxes (include federal estate and income taxes)

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

Fiduciary fees

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

Charitable deduction

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

Attorney, accountant, and return preparer fees

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15

Other deductions not subject to the 2% floor

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16

Allowable miscellaneous itemized deductions subject to the 2% floor . .

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17

Total Ordinary Deductions (Sum of Lines 10 through 16)

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18a

Federal Adjusted Total Income (Line 9 less Line 17 – the amount

 

 

 

 

 

 

 

 

 

 

 

entered on this line in Column A must equal the amount entered on

 

 

 

 

 

 

 

 

 

 

 

Page 1, Line 17, Form 1041)

18A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18b

Net Alabama Adjustments (Column B, Line 9 less Line 17)

 

 

 

18B

 

 

 

 

 

 

. . . . .

. . . . . . . . . . . . . . . . . . . .

 

 

 

 

 

 

 

 

18c

Alabama Adjusted Total Income (Column C, Line 9 less Line 17). Enter here and on Page 1, Line 1

 

 

 

 

18C

 

 

. . . .

.

. . . . . . . . . . . . . . . . . . . .

 

 

 

 

19 Alabama Tax Exempt Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19

Attach a complete explanation, showing all computations, for each item of income or deduction included in Column B (Alabama Adjustments), include also a complete explanation and computation for the items of exempt income. See instructions.

FORM

*0612830441*

 

41 2006

Alabama Fiduciary Income Tax Return

PAGE 4

Name of estate or trust

Employer identification number

Name and title of fiduciary

SCHEDULE K – SUMMARY OF K-1 INFORMATION

TOTAL ALABAMA AMOUNT

1 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

2 Total dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

3 Business income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

4 Net Alabama capital gain or loss (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

5 Rents, royalties, partnerships, and other estates and trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

6 Farm income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

7 Ordinary gain or (loss) from Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

8 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

9 Alabama Tax Exempt Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9

10a Grantor Trust Income (Resident Beneficiaries Only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10A

10b Grantor trust Deductions (Resident Beneficiaries Only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10B

10c Net Grantor Trust Income (Resident Beneficiaries Only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10C

11 Nonresident Beneficiary – Alabama Source Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11

12 Nonresident Beneficiary – Non-Alabama Source Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12

Directly apportioned deductions:

13a Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13A

13b Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13B

13c Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13C

Schedule K is a summary of the information reported on the K-1s prepared with the returns.

CHARACTER OF INCOME – In accordance with §40-18-25(b), CODE OF ALABAMA 1975, the character of the income that is reported by the beneficiary or owner of an estate or trust must reflect the same character the income possessed when the income was originally received by the estate or trust.

ALLOCATION OF THE ALABAMA INCOME DISTRIBUTION DEDUCTION – The amount entered in Page 1, Line 2 (Alabama Income Distribution Deduction) must be allocated to resident beneficiaries and owners, so that the income reported by the beneficiaries or owners will retain its character . Generally the allocation is completed in accordance with Internal Revenue Code §§652 and 662. No amount may be included in the Alabama Income Distribution Deduction which is not included in the gross income of the estate or trust. See the instructions for more guidance concerning the allocation of income to the beneficiaries and owners.

How to Edit Alabama Form 41 Online for Free

Who Needs to File Alabama Form 41

Alabama Form 41 must be filed by any fiduciary managing an estate or trust with Alabama-source income. The following entities are required to file:

  • Decedent's estates, including probate estates
  • Simple trusts that distribute all income annually to beneficiaries
  • Complex trusts that accumulate income, distribute corpus, or make charitable contributions
  • Grantor trusts and revocable living trusts with Alabama income
  • Bankruptcy estates under Chapter 7 or Chapter 11 of the U.S. Bankruptcy Code

The fiduciary, which may be an executor, trustee, personal representative, or court-appointed administrator, signs the return and is responsible for ensuring the estate or trust meets its Alabama tax obligations.

What to Gather Before Completing the Form

Have the following documents and information ready before starting Alabama Form 41:

  • Federal Employer Identification Number (EIN) for the estate or trust
  • Fiduciary's name, mailing address, and telephone number
  • Completed federal Form 1041 (used as the starting point for Alabama figures)
  • Records of all income received: dividends, interest, rents, capital gains, and other income
  • Documentation of all deductions, including administrative fees, professional fees, and distributions to beneficiaries
  • Records of any estimated tax payments made during the year
  • Charitable contribution records if the estate or trust made deductible charitable gifts

How to Complete Alabama Form 41 Step by Step

Follow these steps to fill out the Fiduciary Income Tax Return accurately:

  1. Enter the estate or trust identification details. Provide the legal name of the estate or trust, the EIN, the fiduciary's contact information, and the tax year covered by the return.
  2. Select the entity type. Mark the correct box: decedent's estate, simple trust, complex trust, grantor trust, or bankruptcy estate. This determines which schedules apply.
  3. Report gross income. List all Alabama-source income by category, including interest, dividends, business income, capital gains, rents, and any other income.
  4. Enter deductions. Deduct trustee fees, attorney fees, accounting fees, interest on estate debts, and other administration costs permitted under Alabama law.
  5. Complete Schedule A. If the estate or trust made deductible charitable contributions during the year, calculate the charitable deduction on Schedule A and carry the total to the main form.
  6. Complete Schedule B. If distributions were made to beneficiaries, calculate the income distribution deduction on Schedule B to reduce the estate or trust's taxable income.
  7. Complete Schedule G. Use Schedule G to record Alabama-specific adjustments, including modifications required under the Subchapter J and Business Trust Conformity Act effective after December 31, 2004.
  8. Compute Alabama taxable income. Subtract total deductions and Schedule G adjustments from gross income to arrive at Alabama taxable income.
  9. Calculate the net tax due. Apply the Alabama fiduciary income tax rate to taxable income, then subtract any credits and estimated tax payments already made.
  10. Sign and certify the return. The fiduciary or an authorized officer must sign under penalties of perjury, provide the date, and include the paid preparer's information if applicable.
  11. File by the deadline. Submit the return and any payment due by April 15 for calendar-year filers, or by the 15th day of the fourth month after a fiscal year closes.

Common Questions About Alabama Form 41

What is the deadline for Alabama Form 41?

Calendar-year filers must file by April 15. Fiscal-year filers must file by the 15th day of the fourth month after the close of the tax year. Extensions to file are available, but they do not extend the time to pay any tax owed. Any balance due must be paid by the original deadline to avoid penalties and interest charges.

How do I get an extension for Alabama Form 41?

Alabama grants an automatic six-month extension if you attach a copy of the approved federal extension (Form 7004) to your Alabama return when you file, or if you file the Alabama extension form by the original due date. Remember that the extension covers the filing date only, not the payment date.

What penalties apply to late or incorrect filings?

Alabama imposes a penalty of 5% per month on any unpaid tax after the due date, up to a maximum of 25% of the tax owed. Interest also accrues on unpaid balances at the rate set by the Alabama Department of Revenue. Filing on time and paying any balance due by the original deadline avoids these charges.

Are there other Alabama tax forms related to Form 41?

Yes. Fiduciaries may also need to complete Alabama Form A-1 for employer withholding obligations, or use Alabama Form 8453 as the electronic filing signature document when e-filing. For the decedent's final individual income tax return, use Alabama Form 40. Beneficiaries who received distributions may need to report that income on Alabama Form 40A.

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