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Alabama Free Printable PPT FY 2024 Print Version_6-14-23_F for 2024 Alabama Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only

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Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only
PPT FY 2024 Print Version_6-14-23_F

PPT 2024 *240001PP* 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 •  S Corporation 2b •  Limited Liability Entity 2c •  Disregarded Entity 2d •  LLE taxed as S Corporation 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 • RETURN INFORMATION 4a Date of Incorporation or Organization • 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. • 4b State of Incorporation or Organization 4c County of Incorporation or Organization • • COMPUTATION OF AMOUNT DUE OR REFUND DUE Amount Due 5 6 7 8 9 10 11 Privilege tax due (Page 2, Part B, line 19). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 • 11 • 12 Amount to be refunded if line 10 is negative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 • 13 Family LLE Election attached •  (Signature required below) • Please Sign Here    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 Ownerʼs/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 PPT PAGE 2 1a. FEIN BUSINESS PRIVILEGE TAXABLE/FORM YEAR 2024 *240002PP* 1b. LEGAL NAME OF BUSINESS ENTITY  Alabama Department of Revenue Alabama Business Privilege Tax Pass-Through Entity Privilege Tax Computation Schedule 1c. DETERMINATION PERIOD END DATE (BALANCE SHEET DATE) (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 • 7 All compensation, distributions, or similar amounts paid to each 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: • 11 If a disregarded entity has as its single member a taxpayer that is subject to the privilege tax, then the disregarded entity does not have a filing requirement. (Go to Part B, line 19.) 12 Assets 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 • 14 For disregarded entities, all compensation, distributions, or similar amounts paid to each 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 • 3 • 4 Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. . . 4 • 5 Total exclusions (sum of lines 2-4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Net worth subject to apportionment (line 1 less line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Apportionment factor (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 • .       % 8 Total Alabama net worth (multiply line 6 by line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deductions (Attach supporting documentation) (See Instructions) 9 Net investment in bonds and securities issued by the State of Alabama or political subdivision thereof, when issued prior to January 1, 2000. . . . . . . . . . . . . . . . . . . . 9 • 10 Net investment in all air, ground, or water pollution control devices in Alabama. . . . . . . . . . 10 • 11 Reserves 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Taxable Alabama net worth (line 8 less line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Alabama enterprise zone credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 • 19 Privilege Tax Due (line 17 less line 18) If $100 or less, STOP. You do not have a filing requirement. Do not submit return. For maximum see instructions. Enter also on Form PPT, page 1, line 5, Privilege Tax Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Book value of the investments by the taxpayer in the equity of other taxpayers . . . . . . . . . . 3 Unamortized portion of goodwill resulting from a direct purchase. . . . . . . . . . . . . . . . . . . . . 5 • 6 • 8 • 14 • 15 • 17 • 19 • 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-ppt.pdf, last modified June 2023

More about the Alabama Form PPT Individual Income Tax TY 2024

Use Form PPT to pay the total tax that is 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 Pass Through Entities Only in January 2024, so this is the latest version of Form PPT, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form PPT directly from TaxFormFinder. You can print other Alabama tax forms here.

Related Alabama Individual Income Tax Forms:

TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alabama Form PPT.

Form Code Form Name
Form PPT (Instructions) Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only - Instructions

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 PPT from the Department of Revenue in January 2024.

Show Sources >

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 PPT

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


2024 Form PPT

PPT FY 2024 Print Version_6-14-23_F

2023 Form PPT

#10 Comm. Office

2022 Form PPT

PPT FY 2022 Print Version.qxp


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