EPT: Electing Pass-Through Entity Payment Return (2024)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Form EPT is the Electing Pass-Through Entity Payment Return for 2024. It reports income apportioned to Alabama, tax due, credits and payments, and the final amount due or refund.
Who files this form
Form EPT is Alabama’s Electing Pass-Through Entity Payment Return. The form provides entity-type boxes for Subchapter K entities and S corporations.
Before filing Form EPT, you must electronically file Form PTE-E through My Alabama Taxes (MAT).
What you'll need
Have these details and records ready:
- The entity’s federal employer identification number (FEIN), federal business code, name, address, and contact information.
- Owner or shareholder details for Schedule EPT-K1: names, addresses, Social Security numbers or FEINs, entity types, ownership percentages, taxable income, and shares of tax due.
- Records of any 2023 overpayment, 2024 estimated tax payments, and extension and WNR-V tax payments.
- Schedule EPT-C if reporting nonrefundable or refundable credits.
- Schedule CP-B if reporting current-year composite payments or electing pass-through entity credits.
- Form PTE-V to include with payment. The form says it is available at www.revenue.alabama.gov.
How to file
- Electronically file Form PTE-E through My Alabama Taxes (MAT) before filing Form EPT.
- Complete Schedule EPT-K1. Transfer its line 14 total to Form EPT, line 1, and its line 15 total to Form EPT, line 2.
- Enter applicable credits, payments, overpayment applications, penalties, and interest. Follow the calculations printed on the form to determine the total amount due or refund on line 8.
- Sign and date the return, and provide your title or position and daytime telephone number.
- Mail Form EPT separately from Form 65 or Form 20S to:
Alabama Department of Revenue - EPT
P.O. Box 327444
Montgomery, AL 36132-7444
Make your payment payable to Alabama Department of Revenue. Write Form EPT, the tax year, and the FEIN on the payment for verification. Include Form PTE-V with the payment.
Common mistakes
- Mailing Form EPT with Form 65 or Form 20S. The form warns that Form EPT must be mailed separately.
- Filing Form EPT before Form PTE-E. Form PTE-E must first be electronically filed through MAT.
- Leaving out additional owner or shareholder pages. If there are more than 11 owners or shareholders, attach additional pages and enter their summary totals on Schedule EPT-K1, page 2, line 13.
- Omitting payment identification or the voucher. Write Form EPT, the tax year, and the FEIN on the payment, and include Form PTE-V.
Questions people ask
How is each owner’s or shareholder’s share of tax calculated on Schedule EPT-K1?
Column F is the taxable income in column E multiplied by 5%.
Where do I report an overpayment from 2023?
Enter it on Form EPT, line 5a.
Can I apply an overpayment to my 2025 return?
Yes. Line 7a provides a place to enter an overpayment to be credited to the 2025 return.
Can I authorize the Department of Revenue to discuss the return with my preparer?
Yes. The form includes a checkbox authorizing a Department of Revenue representative to discuss your return and attachments with your preparer.