Thursday, June 12, 2014

Business Privilege Tax Due for Retroactively "Dissolved" Entity

Recently, Chief Administrative Law Judge Bill Thompson ruled that a limited liability company that claimed to be retroactively dissolved could only be dissolved as of the date it filed the appropriate dissolution paper work or a date set in the future.  Under Alabama law, an entity cannot be dissolved effective prior to the date of filing. 

As a result of the Judge's finding, the business privilege tax assessment against the taxpayer was upheld.  To read the opinion from Judge Thompson, click here.

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