Alabama Form Cpt – Fill Out and Use This PDF

The Alabama CPT form is an essential document specifically designed for C-Corporations to file their Alabama Business Privilege Tax Return and Annual Report. This form is critical for ensuring compliance with state tax obligations, detailing the privilege tax calculation, deductions, and necessary taxpayer information. To simplify the tax filing process and meet your business's legal requirements in Alabama, ensure to fill out the form attentively and accurately.

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Alabama Form Cpt PDF Details

In navigating the complexities of corporate tax obligations, the Alabama Business Privilege Tax Return and Annual Report Form (CPT) emerges as a critical document for C-Corporations operating within the state. Mandated by the Alabama Department of Revenue for the tax year 2005, this form encompasses several key areas including taxpayer information, the computation of taxes due, and detailed guidelines for exclusions and deductions. Specifically designed for C-Corporations, this document also caters to a range of other taxpayer types such as Insurance Companies, Limited Liability Entities taxed as corporations, and various trusts, each with specific sections to be completed pertinent to their classification. The form not only requires basic identification and financial data but also intricate details regarding the taxpayer’s net worth, adjustments for privilege tax calculations, and related deductions. Importantly, it mandates disclosures about changes in corporate information and specifies conditions for amended or initial returns, underlining the necessity for accuracy and completeness under the penalties of perjury. Moreover, the attached instructions and required documentation emphasize compliance with Alabama’s tax statutes, aiming to streamline the tax filing process while ensuring that corporations contribute their fair share to the state’s revenue.

Question	Answer
Form Name	Alabama Form Cpt
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	05fcpt alabama form cpt 2014

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FORM	ALABAMA DEPARTMENT OF REVENUE						2005
CPT	ALABAMA DEPARTMENT OF REVENUE
CPT	Alabama Business Privilege Tax Return and Annual Report
		— FOR C-CORPORATIONS ONLY! —

Type of taxpayer (check only one):					Determination Period:
					Determination Period:
1a	C Corporation	1b	Insurance Company (See definitions)		2a		Beginning
1a	C Corporation	1b	Insurance Company (See definitions)
					______/______/________
1c	LLE Taxed as Corporation	1d	Financial Institution Group Member				(mm/dd/yyyy)
1c	LLE Taxed as Corporation	1d	Financial Institution Group Member
	Real Estate investment Trust (REIT)		Business Trust		2b		Ending
1e	Real Estate investment Trust (REIT)	1f	Business Trust		______/______/________
					______/______/________
							(mm/dd/yyyy)
TAXPAYER INFORMATION						CY (Calendar Year)
3a LEGAL NAME OF TAXPAYER				3b FEIN	2c	CY (Calendar Year)
					2d	FY (Fiscal Year)
3c MAILING ADDRESS					2d	FY (Fiscal Year)
3c MAILING ADDRESS						SY (Short Year)
					2e	SY (Short Year)

3d CITY

3e STATE

3f ZIP CODE

3g FEDERAL BUSINESS CODE NUMBER (NAICS)

RETURN INFORMATION

4a	Address Change for Corporation
4b	Corporate President Information Change on Corporation Annual Report
4c	Corporate Secretary Information Change on Corporation Annual Report

5Check Box if an Amended Return

6Check Box if an Initial Return –

Schedule BPT-IN Must Be Attached

NOTE: Initial

returns must be

filed within

2-1/2 months of incorporation or qualification – See instructions.

COMPUTATION OF AMOUNT DUE OR REFUND DUE

					Amount Due
7	Secretary of State corporate annual report fee $10		7				FOR DEPARTMENT USE ONLY
7	Secretary of State corporate annual report fee $10	. . .	7
8	. . . . . . .Less: Annual report fee previously paid for this period	. . .	8
9	. . . . . . .Net annual report fee due (line 7 less line 8)	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10	Privilege tax due (enter amount from Page 2, Part B, line 20)	. . .	10
11	. . . . . . .Less: Privilege tax previously paid for this period	. . .	11
12	. . . . . . .Net privilege tax due (line 10 less line 11)	. . .	12
13	. . . . . . .Penalty due (see instructions)	. . .	13
14	. . . . . . .Interest due (see instructions)	. . .	14
15	. . . . . . .Total privilege tax due (add lines 12, 13 and 14)	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
	Net tax due (add lines 9 and 15)
16	Net tax due (add lines 9 and 15)	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		16
	Payment due with return if line 16 is positive
17	Payment due with return if line 16 is positive	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		17
	Amount to be refunded if line 16 is negative
18	Amount to be refunded if line 16 is negative	. . .	18
19	EFT Indicator if payment made through Electronic Funds Transfer (EFT) check this box and see instructions
19					.
Make check payable to: Alabama Department of Revenue		Telephone number: (334) 353-7923			Web Site:	www.ador.state.al.us
Mail to: Alabama Department of Revenue, Business Privilege Tax Section, P.O. Box 327431, Montgomery, AL 36132-7431							C
	Form CPT is to be filed only by C-Corporations!						C

Please Sign Here

Paid

Preparer’s

Use Only

I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.

UNDER PENALTIES OF PERJURY, I declare that I have examined this return and accompanying schedules and statements and, to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

	Your
	Your
▼ Signature**		Title					Date

	Preparer’s		Date	Phone number		Preparer’s social security no.
▼	signature

	Firm’s name (or yours,				E.I. No.
	if self-employed)
	if self-employed)				ZIP Code
	and address				ZIP Code

**Paid preparers may sign in lieu of an officer IF a power of attorney is on file with the Department of Revenue or attached to this return.

	FORM			ALABAMA DEPARTMENT OF			REVENUE						BUSINESS PRIVILEGE
CPT				ALABAMA DEPARTMENT OF			REVENUE							TAX YEAR
				Alabama Business Privilege Tax										TAX YEAR
				Alabama Business Privilege Tax										2005
PAGE 2		C-Corporation Privilege Tax Computation Schedule												2005

1a FEIN				1b TAXPAYER NAME							1c Determination Period End Date
											1c Determination Period End Date
												(Balance Sheet Date):
											______/______/________
											______/______/________
													(mm/dd/yyyy)

Part A – Net Worth Computation.
Corporations & Entities Taxed as Corporations
1	Issued capital stock and additional paid in capital (without reduction for treasury stock) but not
	less than zero. . . .	. . . . . . . . . . . . . . . . .	.	. . . . . . . . . . . . . . . . . . .	. . . . .	. . . . . . . . . . . . . . . . . . . . .	.	1
2	Retained earnings, but not less than zero, including dividends payable. For LLC’s taxed as
	corporations and non-stock issuing entities such as business trusts, enter assets minus liabilities .						.	2
3	. . . . . . . . . . . . . . . . . . . . . . . . . . . .Amount of related party debt exceeding the sums of line 1 and 2							3
4	. . . . . . . . . . . . . . . . . . . .All payments for compensation or similar amounts in excess of $500,000						.	4
5	. . . . . . . . . . . . . . . . . . . . . . . . . . . .Total net worth (add lines 1-4)				. . . . .	. . . . . . . . . . . . . . . . . . . . .	.					5
Part B – Privilege Tax Exclusions and Deductions
Exclusions (Attach supporting documentation)
1	Net worth from line 5 above				. . . . .	. . . . . . . . . . . . . . . . . . . . .	. .	. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		1
2	Book value of the investments by the taxpayer in the equity of other taxpayers
2
	doing business in Alabama				. . . . .	. . . . . . . . . . . . . . . . . . . . .	.	2
3	Financial institutions, only – Book value of the investments in other
	corporations or LLE’s that are not doing business in Alabama if the taxpayer owns
	more than 50 percent of the corporation or LLE							3
4	. . . .Unamortized portion of goodwill and core deposit intangibles resulting from a direct purchase						.	4
5	. . . . . . . .Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106						.	5
6	Financial institutions, only – The amount adjusted net worth
	exceeds six percent of total assets (see instructions)							6
7	. . . . . . . . . . . . . . . . . . . . . . .Total exclusions (sum of lines 2-6)				. . . . .	. . . . . . . . . . . . . . . . . . . . .	. .	. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		7
8	Net worth subject to apportionment (line 1 less line 7)
8	Net worth subject to apportionment (line 1 less line 7)						. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		8

9	Apportionment factor (see instructions)			. . . . . . . . . . . . . . . . . . .	. . . . .	. . . . . . . . . . . . . . . . . . . . .	.	9	— — — . — — — —%
10	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total Alabama net worth (multiply line 8 by line 9)							. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		10

Deductions (Attach supporting documentation)
11	Net investment in bonds and securities issued by the State of Alabama or
	political subdivision thereof, when issued prior to January 1, 2000							11
12	Net investment in all air, ground, or water pollution control devices in Alabama
12							.	12
13	Reserves for reclamation, storage, disposal, decontamination, or retirement associated with a
	plant, facility, mine or site in Alabama				. . . . .	. . . . . . . . . . . . . . . . . . . . .	.	13
14	. . . . . .Book value of amount invested in qualifying low income housing projects (see instructions)						.	14
15	. . . . . . . . . . . . . . . . . . . . . . . .Total deductions (add lines 11-14)				. . . . .	. . . . . . . . . . . . . . . . . . . . .	. .	. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		15
16	Taxable Alabama net worth (line 10 less line 15)
16	Taxable Alabama net worth (line 10 less line 15)						. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		16
17a	Federal Taxable Income (see instructions)
17a	Federal Taxable Income (see instructions)			. . . . . . . . . . . . . . . . . .	17a
17b	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Tax rate (see instructions)				. . . . .	. . . . . . . . . . . . . . . . . . . . .	.	17b		. — — — — —
18	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Gross privilege tax calculated (multiply line 16 by line 17b)							. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		18
19	Alabama enterprise zone credit (see instructions)
19	Alabama enterprise zone credit (see instructions)						19
20	Privilege Tax Due (line 18 less line 19) (minimum $100, for maximum see instructions)
	Enter also on Form CPT, page 1, line 10, Privilege Tax Due							. . . . .	. . . . . . .	. . . . . . . . . . . . . . .		20

With the exception of initial returns, an Alabama Schedule AL-CAR,

Corporation Annual Report, must be completed and attached to this return.

Also, a $10 Secretary of State Corporate Annual Report fee

must be recorded on page 1, line 7, of this form.

Page 2

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1. It is recommended to complete the Alabama Form Cpt accurately, hence be careful when working with the segments that contain these blanks:

2. Right after finishing this section, go to the subsequent stage and enter the essential details in these blank fields - Privilege tax due Page Part B, Less Privilege tax previously, Net privilege tax due line less, Penalty due see instructions , Interest due see instructions , Total privilege tax due add lines, Net tax due add lines and , Payment due with return if line , Full payment of any amount due for, consideration of any filing, Amount to be refunded if line is, I authorize a representative of, Under penalties of perjury I, Officers Signature, and Title.

Step no. 2 of filling in Alabama Form Cpt

3. In this specific stage, take a look at PAGE , Privilege Tax Computation Schedule, a FEIN V PART A NET WORTH, b LEGAL NAME OF BUSINESS ENTITY, Corporations Entities Taxed as, Issued capital stock and, but not less than zero , Retained earnings but not less, as corporations and nonstock, minus liabilities , Gross amount of related party, All payments for compensation or, c DETERMINATION PERIOD END DATE, MMDDYYYY, and Total net worth add lines . Every one of these will need to be filled out with greatest awareness of detail.

When it comes to PAGE and Corporations Entities Taxed as, be sure that you double-check them in this current part. Those two are considered the most significant ones in this page.

4. Filling out Net worth subject to, Apportionment factor see, Deductions Attach supporting, Net investment in bonds and, political subdivision thereof when, Net investment in all air ground, Reserves for reclamation storage, with a plant facility mine or site, Book value of amount invested in, Total deductions add lines , Taxable Alabama net worth line , a Federal Taxable Income, b Tax rate see instructions , Gross privilege tax calculated, and Alabama enterprise zone credit is key in this next step - make sure to don't hurry and be attentive with each and every field!

Completing section 4 in Alabama Form Cpt

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