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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-18-44

Installment Method

Official textalison.legislature.state.al.us

Income arising from an installment sale (including the sale by a dealer in personal property) may be reported in accordance with 26 U.S.C. §453, provided that the amendment made to said Section 453 by the Tax Reform Act of 1984 (Pub. L. No. 98-369), adding 26 U.S.C. §453(i), shall not apply. The Department of Revenue shall prescribe regulations relating to the election to report on the installment method or not to report on the installment method.

Last amended: Acts 1935, No. 194, p. 256; Code 1940, T. 51, §411; Acts 1985, No. 85-515, p. 517, §20; Acts 1990, No. 90-583, p. 988, §11.

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In this chapter (40 sections)
  1. 40-18-31 · Corporate Income Tax - Generally
  2. 40-18-31.1 · Election for Foreign Corporations to Classify Dividend…
  3. 40-18-31.2 · Factor Presence Nexus Standard for Business Activity
  4. 40-18-32 · Corporate Income Tax - Exemptions
  5. 40-18-33 · Corporate Income Tax - Taxable Income
  6. 40-18-34 · Additions Required by Corporations
  7. 40-18-35 · Deductions Allowed to Corporations
  8. 40-18-35.1 · Carry Forward of Net Operating Losses
  9. 40-18-35.2 · Deductions from Federal Taxable for Amounts Included in…
  10. 40-18-35.3 · Deductions from Federal Taxable for Amounts Included in…
  11. 40-18-36 · Distributions by Corporations
  12. 40-18-37 · Items Not Deductible by Corporations
  13. 40-18-38 · Additional Deductions Allowed for Corporations; Credits
  14. 40-18-39 · Corporate Returns
  15. 40-18-39.1 · Business Interest Expense Deduction Limitations
  16. 40-18-39.2 · Extension of Due Date for Taxpayers of Corporate Income…
  17. 40-18-40 · Tax to Be Reported on Forms; Department May Assess…
  18. 40-18-41 · Amortization of Ad Valorem Tax
  19. 40-18-42 · Time and Methods of Payment of Tax
  20. 40-18-42.1 · Revised Due Dates for Payments of Income Tax or Financial…
  21. 40-18-44 · Installment Method
  22. 40-18-50 · Penalty for Failure to Make Return Within Time Specified
  23. 40-18-51 · Applicability of Lien Provisions; Disposition of…
  24. 40-18-53 · Inspection of Returns by Federal or Foreign State Agents
  25. 40-18-54 · Supervision of Assessment and Collection
  26. 40-18-55 · Statement to Be Furnished by Taxpayer
  27. 40-18-56 · Furnishing Sworn Statement of Annual Return of Income to…
  28. 40-18-57 · Rules to Be Promulgated by Department of Revenue
  29. 40-18-58 · Appropriation
  30. 40-18-59 · Additional Appropriations
  31. 40-18-60 · Covid-19 Recovery Capital Credit Protection Act of 2021
  32. 40-18-61 · Restaurant Revitalization Grant Monies
  33. 40-18-62 · Amortization of Research and Experimental Expenditures Under…
  34. 40-18-70 · Definitions
  35. 40-18-71 · Withholding Tax
  36. 40-18-72 · Included and Excluded Wages
  37. 40-18-73 · Withholding Certificates
  38. 40-18-73.1 · Provisional Employers
  39. 40-18-74 · Payment of Amounts Withheld
  40. 40-18-75 · Statement to Be Furnished Employee
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