Ala Statute of Limitations

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  • Golden Rocket
    Senior Member
    • Jul 2007
    • 519
    #1

    Ala Statute of Limitations

    ChEAr$, or anyone else down there...

    Many states are going way back to collect taxes that were an issue 5-6-7 years ago. In particular, companies that made money then but have shown losses due to the recession in recent years.

    Anyone know the statute of limitations for Alabama? They are going back 5-6 years for their "Privelege Tax". Years ago this all used to be an integral part of their Form 20 then they removed it. Not very smart.
    Tags: None
    • jimmcg
      Senior Member
      • Aug 2005
      • 633
      #2
      Originally posted by Golden Rocket
      ChEAr$, or anyone else down there...

      Many states are going way back to collect taxes that were an issue 5-6-7 years ago. In particular, companies that made money then but have shown losses due to the recession in recent years.

      Anyone know the statute of limitations for Alabama? They are going back 5-6 years for their "Privelege Tax". Years ago this all used to be an integral part of their Form 20 then they removed it. Not very smart.
      I believe it is five years (not absolutely positive)........Check Southern Foundry v State of Alabama (State Supreme Court).

        Comment

        • ChEAr$
          Senior Member
          • Dec 2005
          • 3872
          #3
          Originally posted by Golden Rocket
          ChEAr$, or anyone else down there...

          Many states are going way back to collect taxes that were an issue 5-6-7 years ago. In particular, companies that made money then but have shown losses due to the recession in recent years.

          Anyone know the statute of limitations for Alabama? They are going back 5-6 years for their "Privelege Tax". Years ago this all used to be an integral part of their Form 20 then they removed it. Not very smart.
          If the corporation had not been dissolved, yes, privilege tax returns for at least $110 should have been filed, and separately from the form 20.
          ChEAr$,
          Harlan Lunsford, EA n LA

            Comment

            • ChEAr$
              Senior Member
              • Dec 2005
              • 3872
              #4
              Originally posted by jimmcg
              I believe it is five years (not absolutely positive)........Check Southern Foundry v State of Alabama (State Supreme Court).
              Now your location of "Vulcan" makes sense. (grin
              ChEAr$,
              Harlan Lunsford, EA n LA

                Comment

                • Golden Rocket
                  Senior Member
                  • Jul 2007
                  • 519
                  #5
                  Bad Answer

                  ChEAr$, bad answer, but probably correct.

                  Thanks, Golden Rocket

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