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Alabama Form 1120-S: What You Should Know

Since 2015, this year's report showed 8.2 million in S Corps payroll income. The Commission's report to the state lists income tax payments in the tens of millions of dollars every year for S Corps and for C Corps. It's hard to know by what metric these reports were made. These numbers were reported in 2025 by the Alabama House Revenue Committee, which estimated the S Corps in Alabama to be 100 million. In 2014, the Commission estimated that S Corps income amounted to 50 million. How to File Taxes for S Corporations — IRS Alabama, Alabama House Revenue Tax Committee Taxes & Fees for C Corps & S Corps — Inc file C corps have a slightly different form than an S corp. It's more of a business expense form, but if an S Corps, it should also file Form 1120-S.  How to file for an S Corp in Alabama — IRS How to File Taxes for S Corps — Inc & C Corps — Inc File There are two tax structures for S Corps. There's the first, which is the income tax return. This is an individual tax return, much like an IRS Form 1040. If you're an employee of the S Corp and make only 60,000 or less in your income for the year (for the S Corps' filing year), you must pay estimated taxes by filing an IRS Form 1120-S. It's important to note, however, that this type of return is only for individuals with little income to report.  The second is the S Corps “business fee” tax. This is an income tax and an estate tax return, much like an IRS Form 1040. In Alabama, the S Corps “business fee” tax is only paid if the corporation has an estate or trust that pays over more than half of the corporation's total revenue. In this case, the corporation then pays “business fees” to the State of Alabama. The business fees are equal to the portion (over which the corporation is responsible) of the corporation's revenue that was provided. That is generally 25,000 or more. Business tax returns, including the corporate IRS Form 1120-S and the Alabama Department of Revenue's Form 1120-S, can be filed electronically. S Corporation & C Corp Filing Methods The IRS provides numerous filing options for S Corps, as well as C Corps and S Corps.

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