Pass-Through Entity Election Open in MAT

The Alabama Department of Revenue (ALDOR) recently announced that the deadline to make the election to be taxed at the entity level for certain pass-through entities has been extended to Aug. 15. ALDOR has updated its Pass-Through Entity FAQs, which can be found here, and is planning to direct mail a notice regarding the extension to any taxpayer that has been identified as falling into the category for which this relief is available.

This entity-level tax election is being implemented for the first time for the 2021 tax year, so ALDOR wants to help those that showed an intention to make the election but erroneously failed to do so through My Alabama
Taxes. Read the full press release here. >>