Alabama: Late Filing Penalty Relief Available to Certain Corporate Taxpayers

On September 4, 2019, the Alabama Department of Revenue announced that it will provide relief from late-filing penalties for certain corporate taxpayers that have challenges meeting the October 15, 2019 due date for corporate returns.  Recall, for calendar year taxpayers, the extended due date for the federal corporate income tax return is October 15, 2019. The Alabama return is due on the same day. Given that the 2018 return is the first tax return that incorporates most of the Tax Cuts and Jobs Act changes, the Department recognizes that there will be additional complexities associated with filing 2018 returns. Taxpayers that will be unable to file their state return by the October 15 due date must request relief in from late filing penalties in writing. The Department will consider the circumstances to determine whether they sufficiently establish reasonable cause to grant penalty relief for late filing. Affected returns must be filed by November 15, 2019. Please stay tuned to TWIST for additional announcements related to the upcoming filing season.