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Do I have to pay business privilege tax in Alabama?
Every corporation, limited liability entity, and disregarded entity doing business in Alabama or organized, incorporated, qualified, or registered under the laws of Alabama is required to file an Alabama Business Privilege Tax Return.
Is Alabama business privilege tax going away?
Taxpayers whose business privilege tax is calculated to be $100 or less are not required to file a Business Privilege Tax Return (BPTIN/CPT/PPT). Also, beginning January 1, 2024, the Alabama Secretary of State Corporation Annual Report will no longer be filed with the Business Privilege Tax return.
Where can I get Alabama tax forms?
For additional forms, including prior year forms, go to . You can filter by year and category or search for the form you need. Current forms and booklets are also available at the nearest Alabama Taxpayer Service Center.
How to calculate Alabama business privilege tax?
The tax is calculated on net worth plus additions, minus exclusions, times the apportionment factor, less the deductions, which equals taxable net worth. The rate is based on the ability to pay and is determined by the entitys federal taxable income apportioned to Alabama.
Can Alabama form PPT be filed electronically?
It doesnt affect e-filing the return if the federal return has been accepted. At this time the state of Alabama is only allowing Form PPT and Schedule BPT-E to be filed electronically.
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Is there an extension for business privilege tax in Alabama?
There is no extension of time to file the form BPT-IN. The form BPT-IN must be filed within two- and one-half months after the entity incorporates, organizes, qualifies or starts doing business in the State. Form BPT-V must accompany all business privilege tax payments, unless payments are made electronically.
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