Screen ALFITPW - Alabama Financial Institution Tax Projection (1120)

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Overview

Use this screen to enter information you expect to be different for the next tax year. This data is used to calculate the
Alabama Tax Projection Worksheet
. This worksheet is based on current law and next year’s tax law differences (when known).
Enter only the items you expect to be different for the coming year. If you don't expect a difference, leave the field blank to allow the current-year amount to automatically transfer to the next-year column of the
Alabama Tax Projection Worksheet
. However, fields that are marked with an asterisk (*) in the ALFITPW screen won't automatically transfer the current-year amount.

Tax and Payments

Financial institution excise tax (Force)
Total tax for next year automatically calculates by applying the current year tax rates to the projected taxable income. Use this field to override this calculated amount, if needed.

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