OPPAL Ready for Personal Property Returns Through Jan. 31

MONTGOMERY, Oct. 2, 2018 – The Optional Personal Property Assessment Link (OPPAL) Web portal opened on Oct. 1 to accept business personal property tax returns through Jan. 31, 2019.   OPPAL is an optional, free, reporting-only portal that provides a more efficient way for Alabama businesses to report equipment, tools, machinery and other business personal property online. Electronically filed returns contain the same information included in standard paper tax returns. Filing data is submitted for assessment purposes to the county tax office where the property is located.   The OPPAL system is only utilized for the filing of business personal property tax returns and does not provide for the administration or enforcement of business personal property taxes. Returns must be filed timely; those that are submitted after Dec. 31 will be subject to a penalty for late filing.   Tens of thousands of taxpayers statewide have submitted returns through OPPAL and taken advantage of the online convenience of the portal. OPPAL was designed per the requirements of Section 40-7-56, Code of Alabama, 1975.   For more information, visit www.oppal.alabama.gov.

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ADOR Publishes Guidance Related to the Federal Tax Cuts and Jobs Act

MONTGOMERY, July 31, 2018 – The Alabama Department of Revenue has issued its preliminary guidance on the impact of the provisions of the Tax Cuts and Jobs Act (TCJA). Signed by President Donald Trump on Dec. 22, 2017, the TCJA enacted changes across the board to the federal tax system for both businesses and individuals, primarily for tax years beginning on or after Jan. 1, 2018.   The Department’s guidance addresses whether and how the provisions of the TCJA are tied to Alabama’s taxing regime, as they relate to individuals (including sole proprietors), corporations, and financial institutions.   This guidance is preliminary and subject to revision as more information becomes available, including additional federal guidance and input from other tax administrative agencies and/or the private sector.   For up-to-date TCJA guidance, visit https://revenue.alabama.gov/audience/professionals and click on “Tax Cuts and Jobs Act” in the menu on the left.

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