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Alabama Free Printable CPT FY 2024 Print Version_6-14-23_F for 2024 Alabama Alabama Business Privilege Tax Return and Annual Report for C-Corporations and Other Specified Entities

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Alabama Business Privilege Tax Return and Annual Report for C-Corporations and Other Specified Entities
CPT FY 2024 Print Version_6-14-23_F

CPT 2024 *240001CP* FORM Alabama Department of Revenue Alabama Business Privilege Tax Return 1a •  Calendar Year (Taxable Year 2024 – determination period beginning and ending 12/31/2023) 1b •  Fiscal Year (Taxable Year 2024 – determination period beginning • and ending • /2024) 1c •  52/53 Week Filer 1d •  Amended Return (Attach Supporting Documentation) 1e •  No Alabama Factor Presence Nexus (This option is only available for entities formed or organized outside the State of Alabama) Type of taxpayer (check only one): 2a •  C Corporation (1120) 2b •  C Corporation (1120-F) 2c •  Insurance Company (See definitions) 2d •  LLE Taxed as Corporation 2e •  Financial Institution Group Member (Attach Schedule G) 2f •  Real Estate Investment Trust (REIT) 2g •  Business Trust TAXPAYER INFORMATION 3a LEGAL NAME OF BUSINESS ENTITY • 3c MAILING ADDRESS • 3b FEIN • 3e CITY • 3i CONTACT PERSON CONCERNING THIS FORM • 3k TAXPAYER’S E-MAIL ADDRESS • 3f STATE • 3g ZIP CODE • • FEIN NOT REQUIRED (SEE INSTRUCTIONS) 3d BPT ACCOUNT NO. (SEE INSTRUCTIONS) • 3h FEDERAL BUSINESS CODE NO. (NAICS) (SEE WWW.CENSUS.GOV) • 3j CONTACT PERSON’S PHONE NO. • RETURN INFORMATION 4a Date of Incorporation or Organization • 4b State of Incorporation or Organization 4c County of Incorporation or Organization • • COMPUTATION OF AMOUNT DUE OR REFUND DUE 5 6 7 8 9 10 11 Amount Due Privilege tax due (Page 2, Part B, line 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 • Less: Privilege tax previously paid for the taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 • Net privilege tax due (line 5 less line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 • Penalty due (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 • Interest due (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 • Total privilege tax due (add lines 7, 8 and 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Payment due with return if line 10 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Amount to be refunded if line 10 is negative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 • • Please Sign Here 10 • 11 •    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. Title Date Officerʼs Signature Paid Preparer’s Use Only • • ZIP Code• Preparerʼs signature Date Firmʼs name (or yours, if • self-employed) and address E.I. No. • 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: Alabama Department of Revenue Business Privilege Tax Section P.O. Box 327431 Montgomery, AL 36132-7431 Alabama Department of Revenue Business Privilege Tax Section P.O. Box 327320 Montgomery, AL 36132-7320 Telephone Number: (334) 242-1170 Web site: www.revenue.alabama.gov ADOR FORM CPT PAGE 2 1a. FEIN  BUSINESS PRIVILEGE TAXABLE/FORM YEAR 2024 *240002CP* 1b. LEGAL NAME OF BUSINESS ENTITY Alabama Department of Revenue Alabama Business Privilege Tax C-Corporation Privilege Tax Computation Schedule 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 Gross 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART B – PRIVILEGE TAX EXCLUSIONS AND DEDUCTIONS Exclusions (Attach supporting documentation) (See Instructions) 1 Total net worth from line 5 above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 • 1 • 2 Book value of the investments by the taxpayer in the equity of other taxpayers . . . . . . . . . 2 • 3 Financial 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.. . . . . . . . . . . . . . . . . 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 • 9 Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 • .       % 10 Total Alabama net worth (multiply line 8 by line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 • Deductions (Attach supporting documentation) (See Instructions) 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 • 13 Reserves for reclamation, storage, disposal, decontamination, or retirement associated 14 15 16 17a 17b 18 19 20 with a plant, facility, mine or site in Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 • Book value of amount invested in qualifying low income housing projects (see instructions) 14 • Total deductions (add lines 11-14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxable Alabama net worth (line 10 less line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Federal Taxable Income Apportioned to AL . . 17a • . Tax rate (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17b • Gross privilege tax calculated (multiply line 16 by line 17b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alabama enterprise zone credit (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 • Privilege Tax Due (line 18 less line 19) If $100 or less, STOP. You do not have a filing requirement. Do not submit return. For maximum see instructions. Enter also on Form CPT, page 1, line 5, Privilege Tax Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 • 16 • 18 • 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). ADOR
Extracted from PDF file 2024-alabama-form-cpt.pdf, last modified June 2023

More about the Alabama Form CPT Individual Income Tax TY 2024

Used by C-corporations and other taxpayers, use the form CPT to pay the total taxes that are due and the payment to be received on or before the original due date

We last updated the Alabama Business Privilege Tax Return and Annual Report for C-Corporations and Other Specified Entities in January 2024, so this is the latest version of Form CPT, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CPT directly from TaxFormFinder. You can print other Alabama tax forms here.

Other Alabama Individual Income Tax Forms:

TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 40 Alabama Individual Income Tax Return
Form 40 Booklet Form 40 Income Tax Instruction Booklet
Schedule A, B, & DC Itemized Deductions, Interest and Dividend Income and Donation Checkoffs (Form 40)
Form 40A Individual Income Tax Return (Short Form)
Form 40-V Individual Income Tax Payment Voucher

Download all AL tax forms View all 48 Alabama Income Tax Forms


Form Sources:

Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Form CPT from the Department of Revenue in January 2024.

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About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Alabama Form CPT

We have a total of three past-year versions of Form CPT in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2024 Form CPT

CPT FY 2024 Print Version_6-14-23_F

2022 Form CPT

CPT FY 2022 Print Version.qxp


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