BIT-V: Business Income Tax Payment Voucher (Form BIT-V) (Revision)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Form BIT-V is a payment voucher for business income taxes associated with Form 20C or Form 20C-C. It identifies the taxpayer, tax period, payment type, and amount paid.
Who files this form
Complete and submit Form BIT-V with a payment of less than $750 owed on Form 20C or Form 20C-C, unless you pay electronically.
The voucher is also required with corporate income tax estimated payments and extension payments that are not made electronically.
Do not submit Form BIT-V if no payment is due or if you pay electronically. All single business tax payments of $750 or more must be made electronically.
When it's due
For tax year 2024:
- Return payments: Form BIT-V and full payment are due by the original due date of Form 20C or Form 20C-C. The text does not print a specific calendar date for that deadline.
- Calendar-year estimated payments: Due April 15, June 15, September 15, and December 15, 2024.
- Fiscal-year estimated payments: Due on the 15th day of the fourth, sixth, ninth, and twelfth months of the fiscal year.
An extension to file does not extend the time to pay. Full payment remains due by the return’s original due date. Late payments are subject to applicable interest and penalties.
What you'll need
To complete the voucher, have these details ready:
- The last day of your taxable year.
- Your entity’s Federal Employer Identification Number (FEIN).
- The taxpayer’s legal name and complete mailing address.
- The amount being paid.
- The form being paid: Form 20C or Form 20C-C.
- The payment type: Return, Amended, Estimate, or Extension.
Mail the completed voucher with your full payment. If paying through My Alabama Taxes (MAT), you need a Sign On ID and Access Code instead of submitting a voucher.
How to file
By mail
Enter the tax period, FEIN, payment amount, legal name, and complete mailing address. Mark the appropriate form type and select only one payment-type box. Detach the voucher and mail it with your full payment.
For Form 20C payments, C corporations:
Alabama Department of Revenue
Income Tax Administration Division
Corporate Tax Section
PO Box 327435
Montgomery, AL 36132-7435
For Form 20C-C payments, consolidated corporations:
Alabama Department of Revenue
Income Tax Administration Division
Corporate Tax Section
PO Box 327437
Montgomery, AL 36132-7437
Electronic payment
All single business tax payments of $750 or more must be made electronically. Do not submit Form BIT-V for an electronic payment.
For payments through My Alabama Taxes (MAT), use your Sign On ID and Access Code. Visit www.myalabamataxes.alabama.gov for more information. The form also directs taxpayers to www.revenue.alabama.gov for tax payment and form preparation requirements.
Common mistakes
- Submitting an unnecessary voucher: Do not submit Form BIT-V if no payment is due or if payment was made electronically.
- Not paying electronically when required: Single business tax payments of $750 or more must be electronic. Substantial penalties may apply for noncompliance.
- Treating a filing extension as a payment extension: Full payment is still due by the return’s original due date. Late payment results in applicable interest and penalties.
- Selecting multiple payment types: The voucher says to check only one payment-type box.
- Mailing the voucher without full payment: The form directs you to detach the voucher and mail it with your full payment.
Questions people ask
Do I need Form BIT-V if I pay electronically?
No. Form BIT-V is never required for an electronic payment, and the form says not to submit it if payment was remitted electronically.
Can I mail a single business tax payment of $750 or more with this voucher?
The form requires all single business tax payments of $750 or more to be made electronically. Substantial penalties may apply for noncompliance.
Does an extension to file give me more time to pay?
No. Full payment is due by the original due date of Form 20C or Form 20C-C, even if an extension to file is granted.
What date goes in the Tax Period field?
Enter the last day of the taxpayer’s taxable year.
Can I use Form BIT-V for estimated or extension payments?
Yes. The form requires a voucher with corporate income tax estimated payments and extension payments unless the payment is made electronically.