Alabama Administrative Code Chapter 810-3-173 — Application of Internal Revenue Service Rules and Regulations to Alabama S Corporations and Their Shareholders

810 Alabama Department of Revenue

Ala. Admin. Code r. 810-3-173-.01 Applicability Of Federal Rules And Regulations

The Alabama law regarding S corporations is substantially similar to federal law regarding S corporations. Therefore, rules and regulations of the Internal Revenue Service interpreting federal S corporation law will be given due consideration in interpreting Alabama S corporation laws to the extent the federal llaw is not inconsistent with Alabama law. See also Rule 810-3-1.1-.01, Operating Rules.

History

• Author: Ed Cutter, CPA
• Authority: Code of Ala. 1975, §§40-2A-7(a)(5), 40-18-57, 40-18-173.
• Adopted November 13, 1985. Amended: Filed March 31, 2000; effective May 5, 2000.