The Alabama Ppt form, officially known as the Alabama Business Privilege Tax Return and Annual Report, is a crucial document for businesses operating in Alabama. This form is used to report the business privilege tax owed by various types of entities, including S Corporations and Limited Liability Entities. Completing this form accurately ensures compliance with state tax regulations and helps businesses avoid potential penalties.
The Alabama Business Privilege Tax Return and Annual Report, commonly referred to as the Alabama PPT form, is a crucial document for businesses operating within the state. This form serves multiple purposes, including the reporting of annual business activities and the calculation of the privilege tax owed to the state. Taxpayers must indicate their business type, such as S Corporations or Limited Liability Entities, and provide essential information like their legal name, Federal Employer Identification Number (FEIN), and contact details. The form also includes sections for reporting changes in corporate officer information and the date of incorporation. A significant aspect of the PPT form is the computation of the tax due or any potential refund. This involves calculating the net worth of the business, accounting for various exclusions and deductions, and determining the final privilege tax amount owed. Additionally, businesses must be mindful of penalties and interest that may accrue on unpaid taxes. The form must be submitted along with any required payments by the original due date, ensuring compliance with Alabama tax regulations.
FORM
PPT 2022 *220001PP*
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)
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
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)
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)
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)
15
Net tax due (add lines 8 and 14)
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
Family LLE Election attached
6 (Signature required below)
19
Check here if paid electronically
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
Ownerʼs/Officerʼs
Signature
Paid
Preparerʼs signature
Preparer’s
Firmʼs name (or yours, if
E.I. No.
Use Only
self-employed) and address
ZIP Code
Phone No.
Preparerʼs SSN/PTIN
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
*220002PP*
PPT
TAXABLE/FORM YEAR
Alabama Business Privilege Tax Pass-Through Entity
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
I. S-Corporations
1
Issued capital stock and additional paid in capital (without reduction for treasury stock)
but not less than zero
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Retained earnings, but not less than zero, including dividends payable
3
Gross amount of related party debt exceeding the sums of line 1 and 2
4
All payments for compensation, distributions, or similar amounts in excess of $500,000. . . .
5
Total net worth (add lines 1-4). Go to Part B, line 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
II. Limited Liability Entities (LLE's)
Sum of the partners’/members’ capital accounts, but not less than zero
7All compensation, distributions, or similar amounts paid to a partner/member in
excess of $500,000
Gross amount of related party debt exceeding the amount on line 6
Total net worth (add lines 6, 7 and 8). Go to Part B, line 1
III. Disregarded Entities
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
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)
Total net worth from Part A – line 5, 9, or 15
. . 1
Book value of the investments by the taxpayer in the equity of other taxpayers
Unamortized portion of goodwill resulting from a direct purchase
Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. . .
Total exclusions (sum of lines 2-4)
. . 5
Net worth subject to apportionment (line 1 less line 5)
. . 6
Apportionment factor (see instructions)
.
%
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
Book value of amount invested in qualifying low income housing projects (see instructions)
30 percent of federal taxable income apportioned to Alabama, but not less than zero
Total deductions (add lines 9-13)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . 14
Taxable Alabama net worth (line 8 less line 14)
. . . . . . . . . . 15
16a
Federal Taxable Income Apportioned to AL . .
16b
Tax rate (see instructions)
Gross privilege tax calculated (multiply line 15 by line 16b)
. . . . . . . . . . 17
Alabama enterprise zone credit (see instructions)
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.
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