The Alabama CPT form is a crucial document used by C-Corporations to report their business privilege tax and annual report. This form helps the Alabama Department of Revenue assess the tax obligations of corporations operating within the state. Understanding its requirements is essential for compliance and ensuring that businesses meet their financial responsibilities.
The Alabama Business Privilege Tax Return, commonly referred to as the CPT form, is a crucial document specifically designed for C-Corporations operating within the state. This form serves multiple purposes, including the reporting of the business's annual income and the calculation of the privilege tax owed to the state. Taxpayers must select their type of corporation at the beginning of the form, which includes options for C Corporations, insurance companies, and other entities taxed as corporations. The CPT form requires detailed taxpayer information, such as the legal name, federal employer identification number (FEIN), and mailing address. It also includes sections for reporting any changes in corporate leadership and for indicating whether the return is initial or amended. The computation section is essential, as it guides taxpayers through determining the net worth, privilege tax due, and any potential refunds. Understanding the various components of this form is vital for compliance and accurate reporting, as the Alabama Department of Revenue uses it to assess the tax obligations of corporations in the state.
FORM
*220001CP*
CPT 2022
Alabama Department of Revenue
Alabama Business Privilege Tax Return
and Annual Report
1a
6 Calendar Year (Taxable Year 2022 – determination period beginning
and ending 12/31/2021)
1b
6 Fiscal Year (Taxable Year 2022 – determination period beginning
and ending
/2022)
1c
6 Amended Return (Attach Supporting Documentation)
6 52/53 Week Filer
Type of taxpayer (check only one):
2a
6 C Corporation
2b
6 Insurance Company (See definitions)
2c
6 LLE Taxed as Corporation
2d
6 Financial Institution Group Member
2e
6 Real Estate Investment Trust (REIT)
2f
6 Business Trust
Number of AL-CARs attached (Financial Institutions only)
TAXPAYER INFORMATION
3a
LEGAL NAME OF
6
FEIN NOT REQUIRED
BUSINESS ENTITY
3b FEIN
(SEE INSTRUCTIONS)
3c
MAILING
3d
BPT ACCOUNT NO.
ADDRESS
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 Corporation President Information Change on attached Schedule AL-CAR (Corporation Annual Report)
4b
6 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
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 20)
10
Less: Privilege tax previously paid for the taxable year
11
Net privilege tax due (line 9 less line 10)
12
Penalty due (see instructions)
13
Interest due (see instructions)
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
18
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
Officerʼs
Signature
Paid
Preparer’s
Use Only
Preparerʼs signature
Firmʼs name (or yours, if self-employed) and address
Phone No.
Preparerʼs SSN/PTIN
E.I. No.
ZIP Code
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:
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
BUSINESS PRIVILEGE
*220002CP*
CPT
TAXABLE/FORM YEAR
Alabama Business Privilege Tax C-Corporation
PAGE 2
2022
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
Corporations & Entities Taxed as Corporations
1Issued 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
3
Gross amount of related party debt exceeding the sums of line 1 and 2
4
All payments for compensation or similar amounts in excess of $500,000
5
Total net worth (add lines 1-4)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
PART B – PRIVILEGE TAX EXCLUSIONS AND DEDUCTIONS
Exclusions (Attach supporting documentation) (SEE INSTRUCTIONS)
Total net worth from line 5 above
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Book value of the investments by the taxpayer in the equity of other taxpayers
3Financial institutions, only – Book value of the investments in other corporations or LLE’s
if the taxpayer owns more than 50 percent of the corporation or LLE
Unamortized portion of goodwill and core deposit intangibles resulting from a direct
purchase
Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. .
6Financial institutions, only – The amount adjusted net worth
exceeds six percent of total assets (see instructions)
Total exclusions (sum of lines 2-6)
. . . . . . . . . . . . . . . . . . .
. . . . . . . . . .
. . 7
8
Net worth subject to apportionment (line 1 less line 7)
. . 8
Apportionment factor (see instructions)
.
%
Total Alabama net worth (multiply line 8 by line 9)
. . 10
Deductions (Attach supporting documentation) (SEE INSTRUCTIONS)
11Net 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
13Reserves for reclamation, storage, disposal, decontamination, or retirement associated
with a plant, facility, mine or site in Alabama . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Book value of amount invested in qualifying low income housing projects (see instructions)
Total deductions (add lines 11-14)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . 15
16
Taxable Alabama net worth (line 10 less line 15)
. . . . . . . . . . 16
17a
Federal Taxable Income Apportioned to AL . .
17b
Tax rate (see instructions)
Gross privilege tax calculated (multiply line 16 by line 17b)
. . . . . . . . . . 18
19
Alabama enterprise zone credit (see instructions)
20Privilege Tax Due (line 18 less line 19) (minimum $100, for maximum see instructions)
Enter also on Form CPT, page 1, line 9, Privilege Tax Due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
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).
C-Corporations must complete and attach
an Alabama Schedule AL-CAR, and enter $10 for the corporate annual report fee on line 6, page 1.
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