Alabama Form Ppt PDF Details

Navigating the complexities of business taxes in Alabama requires a solid understanding of the Alabama Business Privilege Tax Return and Annual Report, known as the Form PPT. This form is an essential document for businesses operating within the state, catering to various types of entities including S Corporations, Limited Liability Entities, Disregarded Entities, and LLEs taxed as S Corporations. The form serves multiple purposes, from determining the privilege tax due to the state by these businesses to providing a comprehensive annual report on the company's activities. Businesses are required to detail their taxpayer information, compute amounts due or potential refunds, and adhere to specific filing deadlines based on the calendar or fiscal year accounting periods. Additionally, the form includes sections for calculating net worth, applying relevant exclusions and deductions, and determining the final tax liability. It's designed to ensure that businesses contribute their fair share to the state's revenue while allowing for a systematic approach to reporting and tax calculation. The completion and timely submission of the Alabama PPT form, along with the necessary payment if applicable, is crucial for compliance with state tax laws and the smooth operation of any business in Alabama.

QuestionAnswer
Form NameAlabama Form Ppt
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesalabama 2020 form, alabama revenue department form ppt, how to al ppt, the alabama ppt form

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FORM

PPT 2021 *210001PP*

Alabama Department of Revenue

Alabama Business Privilege Tax Return

and Annual Report

1a

6 Calendar Year (Taxable Year 2021 – determination period beginning

and ending 12/31/2020)

 

1b

6 Fiscal Year (Taxable Year 2021 – determination period beginning

 

and ending

/2021)

1c

6 Amended Return (Attach Supporting Documentation)

1d

6 52/53 Week Filer

 

 

Type of taxpayer (check only one): 2a

6 S Corporation

2b

6 Limited Liability Entity

2c 6 Disregarded Entity

2d

6 LLE taxed as S Corporation

TAXPAYER INFORMATION

 

 

 

 

 

 

 

 

3a LEGAL NAME OF

 

 

 

 

 

 

6

FEIN NOT REQUIRED

BUSINESS ENTITY

 

 

 

 

3b FEIN

 

(SEE INSTRUCTIONS)

3c MAILING

 

 

 

 

3d BPT ACCOUNT NO.

 

 

ADDRESS

 

 

 

 

(SEE INSTRUCTIONS)

 

 

 

 

 

 

 

 

3h FEDERAL BUSINESS CODE NO.

 

3e CITY

3f

STATE

3g ZIP CODE

 

(NAICS) (SEE WWW.CENSUS.GOV)

 

3i CONTACT PERSON

 

 

 

 

3j CONTACT PERSON’S

 

 

CONCERNING THIS FORM

 

 

 

 

PHONE NO.

 

 

 

3k TAXPAYER’S

 

 

 

 

 

 

 

 

E-MAIL ADDRESS

 

 

 

 

 

 

 

 

RETURN INFORMATION

 

 

 

 

 

 

 

 

4a

6 S Corporation President Information Change on attached Schedule AL-CAR (Corporation Annual Report)

 

 

 

4b

6 S Corporation Secretary Information Change on attached Schedule AL-CAR (Corporation Annual Report)

 

 

 

5a

Date of Incorporation or Organization

5b State of Incorporation or Organization

 

5c County of Incorporation or Organization

 

COMPUTATION OF AMOUNT DUE OR REFUND DUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount Due

6

Secretary of State corporate annual report fee $10 (corporations only)

. . . . . . . . . . . . . . . .

6

 

 

 

 

7 Less: Annual report fee previously paid for the taxable year .

. . . . . . . . . . . . . . . . . . . . . . .

7

 

 

 

 

8 Net annual report fee due (line 6 less line 7)

. . . . . . . . . . . . . . . . . . . . . . . . .

. . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . .

8

 

 

9

Privilege tax due (Page 2, Part B, line 19)

. . . . . . . . . . . . . . . . . . . . . . .

9

 

 

 

 

10 Less: Privilege tax previously paid for the taxable year

. . . . . . . . . . . . . . . . . . . . . . .

10

 

 

 

 

11 Net privilege tax due (line 9 less line 10)

. . . . . . . . . . . . . . . . . . . . . . .

11

 

 

 

 

12 Penalty due (see instructions)

. . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

12

 

 

 

 

13 Interest due (see instructions)

. . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

13

 

 

 

 

14 Total privilege tax due (add lines 11, 12 and 13)

. . . . . . . . . . . . . . . . . . . . . . . . .

. . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . .

14

 

 

15 Net tax due (add lines 8 and 14)

. . . . . . . . . . . . . . . .

. . . . . . .

. . . . . . . . . . . . . . . . . .

. . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . .

15

 

 

16Payment due with return if line 15 is positive. (Form BPT-V must be submitted if payment is made by check.)

Full payment of any amount due for a taxable year is due by the original due date of the return (without

 

consideration of any filing extensions in place)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

17

Amount to be refunded if line 15 is negative

17

18

Family LLE Election attached

6 (Signature required below)

 

19

Check here if paid electronically

6

 

Please

Sign

Here

6I 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.

Title

Date

Owner’s/Officer’s

Signature

Paid

Preparer’s

Use Only

Preparer’s signature

Firm’s name (or yours, if self-employed) and address

Phone No.

Preparer’s SSN/PTIN

Date

E.I. No.

ZIPCode

If you are not making a payment, mail your return to:

If you are making a payment, mail your return, Form BPT-V, and payment to:

Alabama Department of Revenue

Alabama Department of Revenue

Business Privilege Tax Section

Business Privilege Tax Section

P.O. Box 327431

P.O. Box 327320

Montgomery, AL 36132-7431

Montgomery, AL 36132-7320

Telephone Number: (334) 242-1170

Web site: www.revenue.alabama.gov

 

 

 

 

ADOR

9
10

 

FORM

BUSINESS PRIVILEGE

*210002PP*

Alabama Department of Revenue

 

PPT

TAXABLE/FORM YEAR

Alabama Business Privilege Tax Pass-Through Entity

 

PAGE 2

2021

 

Privilege Tax Computation Schedule

1a.

FEIN

1b. LEGAL NAME OF BUSINESS ENTITY

1c. DETERMINATION PERIOD END DATE (BALANCE SHEET DATE)

V

 

 

(MM/DD/YYYY)

PART A – NET WORTH COMPUTATION

 

 

I. S-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

2

3

Gross amount of related party debt exceeding the sums of line 1 and 2

3

4

All payments for compensation, distributions, or similar amounts in excess of $500,000. . . .

4

5

Total net worth (add lines 1-4). Go to Part B, line 1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

II. Limited Liability Entities (LLE's)

 

 

6

Sum of the partners’/members’ capital accounts, but not less than zero

6

7All compensation, distributions, or similar amounts paid to a partner/member in

 

excess of $500,000

7

8

Gross amount of related party debt exceeding the amount on line 6

8

9

Total net worth (add lines 6, 7 and 8). Go to Part B, line 1

9

III. Disregarded Entities

 

10

Single Member Name:

FEIN/SSN:

11If a disregarded entity has as its single member a taxpayer that is subject to the privilege tax, then the disregarded entity pays the minimum tax. (Go to Part B, line 19.)

12Assets minus liabilities for all disregarded entities that have as a single member an entity that is not subject to the privilege tax, but not less than zero (supporting

documentation required). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13 Gross amount of related party debt exceeding the amount on line 12 . . . . . . . . . . . . . . . . . 13

14For disregarded entities, all compensation, distributions,

 

or similar amounts paid to a member in excess of $500,000

14

 

 

15 Total net worth (sum of lines 12, 13 and 14). Go to Part B, line 1

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . .

. . 15

PART B – PRIVILEGE TAX EXCLUSIONS AND DEDUCTIONS

 

 

 

Exclusions (Attach supporting documentation) (SEE INSTRUCTIONS)

 

 

 

1

Total net worth from Part A – line 5, 9, or 15.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2

Book value of the investments by the taxpayer in the equity of other taxpayers

2

 

 

3

Unamortized portion of goodwill resulting from a direct purchase

3

 

 

4

Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. . .

4

 

 

5

Total exclusions (sum of lines 2-4)

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . .

. . 5

6

Net worth subject to apportionment (line 1 less line 5)

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . .

. . 6

7

Apportionment factor (see instructions)

7

.

%

8

Total Alabama net worth (multiply line 6 by line 7)

. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . .

. . 8

Deductions (Attach supporting documentation) (SEE INSTRUCTIONS)

9Net investment in bonds and securities issued by the State of Alabama or

political subdivision thereof, when issued prior to January 1, 2000. . . . . . . . . . . . . . . . . . . .

10 Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . . .

11Reserves for reclamation, storage, disposal, decontamination, or retirement

 

associated with a plant, facility, mine or site in Alabama

11

 

12

Book value of amount invested in qualifying low income housing projects (see instructions) .

12

 

13

30 percent of federal taxable income apportioned to Alabama, but not less than zero

13

 

14

Total deductions (add lines 9-13)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . 14

15

Taxable Alabama net worth (line 8 less line 14)

. . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . 15

16a

Federal Taxable Income Apportioned to AL . . .

16a

 

 

16b

Tax rate (see instructions)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16b

.

17

Gross privilege tax calculated (multiply line 15 by line 16b)

. . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . 17

18

Alabama enterprise zone credit (see instructions)

18

 

19Privilege Tax Due (line 17 less line 18) (minimum $100, for maximum see instructions)

Enter also on Form PPT, page 1, line 9, Privilege Tax Due (must be paid by the original due date of the return) . . . . . . . . . . . . . . . . . 19

S-corporations must complete and attach an Alabama Schedule AL-CAR, and enter $10 for the corporate annual report fee on line 6, page 1.

 

Other (noncorporate) pass-through entities, including Limited Liability Entities taxed as corporations,

 

are not required to file an Alabama Schedule AL-CAR or pay the corporate annual report fee.

ADOR

 

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Writing part 1 of ppt alabama

2. Soon after completing the last section, head on to the subsequent step and complete all required details in all these blanks - 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, OwnersOfficers Signature, Title, Date, Please Sign Here, Paid Preparers Use Only, Preparers signature Firms name or, and Phone No .

Completing section 2 in ppt alabama

3. The next part is going to be easy - complete every one of the fields in a FEIN V PART A NET WORTH, b LEGAL NAME OF BUSINESS ENTITY, I SCorporations, Issued capital stock and, but not less than zero , Retained earnings but not less, Gross amount of related party, All payments for compensation, c DETERMINATION PERIOD END DATE, MMDDYYYY, Total net worth add lines Go to, II Limited Liability Entities LLEs, Sum of the partnersmembers, All compensation distributions or, and excess of to finish this segment.

Filling in part 3 of ppt alabama

4. To go onward, this fourth form section requires filling in several blank fields. Included in these are Gross amount of related party, For disregarded entities all, or similar amounts paid to a, Total net worth sum of lines , PART B PRIVILEGE TAX EXCLUSIONS, Exclusions Attach supporting, Total net worth from Part A line, Book value of the investments by, Unamortized portion of goodwill, Unamortized balance of properly, Total exclusions sum of lines , Net worth subject to, Apportionment factor see, Deductions Attach supporting, and Net investment in bonds and, which you'll find key to continuing with this particular form.

A way to complete ppt alabama portion 4

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5. The document must be concluded by filling in this area. Below there's a comprehensive set of fields that require accurate information for your document submission to be complete: Total deductions add lines , Taxable Alabama net worth line , a Federal Taxable Income, b Tax rate see instructions , Gross privilege tax calculated, Alabama enterprise zone credit, Privilege Tax Due line less line, Enter also on Form PPT page line , Scorporations must complete and, Other noncorporate passthrough, are not required to file an, and ADOR.

Other noncorporate passthrough,  Alabama enterprise zone credit, and  Privilege Tax Due line  less line in ppt alabama

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