Current through Register Vol. 42, No. 11, August 30, 2024
(1)
SCOPE - This rule defines the information required for the Financial
Institution Excise Tax declaration for electronic filing through the Alabama
Business Modernized E-File Program (MeF).
(2) The Financial Institution Excise Tax
Declaration for Electronic Filing requires the following information and
authorizations for filers:
(a) The financial
institution's name.
(b) The
financial institution's Federal Employer Identification Number.
(c) The financial institution's
address.
(d) The financial
institution's phone number.
(e) The
Alabama taxable income reported by the electronic return.
(f) The total tax liability reported by the
electronic return.
(g) The net tax
due Alabama reported by the electronic return.
(h) The total tax payments and credits
reported by the electronic return.
(i) The total reductions reported on the
electronic return.
(j) The amount
of the refund reported by the electronic return.
(k) The amount of the payment transmitted
electronically.
(l) If applicable,
authorization for the department and its designated financial agent to initiate
an electronic funds withdrawal (direct debit) entry to the financial
institution account indicated in the tax preparation software for payment of
the financial institution's Alabama taxes owed on this return, and the
financial institution to debit the entry to this account.
(m) Authorization for the department to
discuss the return and attachments with the preparer.
(n) Consent to the disclosure of all
information pertaining to the user of the computer system and software used to
create the business return and to the electronic transmission of the business
tax return to the department.
(o)
The signature of an officer of the financial institution, their title and date
of the signature. The department will accept a signature made on a signature
pad (defined in
810-9-1-.09).
(p) The signature of the electronic return
originator and date of the signature.
(q) An indication whether the electronic
return originator is self-employed.
(r) The firm name of the electronic return
originator.
(s) The address,
including the zip code, of the electronic return originator.
(t) The Federal Employer Identification
Number of the electronic return originator.
(u) If the paid preparer is different from
the electronic return originator, the following information is required:
1. The signature of the paid preparer and
date of the signature.
2. An
indication whether the paid preparer is self-employed.
3. The firm name of the paid
preparer.
4. The address, including
the zip code, of the paid preparer.
(3) The signatures of the financial
institution officer, the electronic return originator, and the paid preparer
(if the paid preparer is different from the electronic return originator) must
be affixed to the Alabama Form AL8453-FIE -Financial Institution Excise Tax
Declaration for Electronic Filing before the return is electronically
transmitted.
(a) Members of the firm or
designated employees may sign for the electronic return originator.
(b) If the taxpayer is unable to obtain the
paid preparer's signature on the Alabama Form AL8453-FIE, in lieu of the paid
preparer's signature the electronic return originator may attach to the Alabama
Form AL8453-FIE a copy of the appropriate pages of the paper return with the
paid preparer's signature.
(c)
Electronic return originators and electronic return preparers are prohibited
from allowing taxpayers to sign a blank Alabama Form AL8453-FIE.
(4) The completed and signed
Alabama Form AL8453-FIE will serve as the filing declaration for the electronic
Alabama Financial Institution Excise Tax Return.
(5) The completed and signed Alabama Form
AL8453-FIE must be retained by the electronic return originator for a period of
three years from the due date of the return or three years from the date the
return was filed, whichever is later. The electronic return originator will
provide the department with the original Alabama Form AL8453-FIE within five
business days of receiving a written request for the documents from the
department.
