2012 form ppt-2025

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The document is an Alabama Business Privilege Tax Return and Annual Report specifically for pass-through entities, including S Corporations, Limited Liability Entities, and Disregarded Entities. It outlines the necessary taxpayer information, computation of tax due or refund, and details on net worth computation for different entity types. The form includes sections for reporting changes, calculating privilege tax exclusions and deductions, and instructions for submission to the Alabama Department of Revenue.
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Minimum privilege tax is $100; plus the $10 Secretary of State annual report fee for corporations.
Personal Property Tax (PPT) returns.
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.
ing to the Alabama business privilege tax law, 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 and Annual Report.
Penalties for Late Entry If your initial business privilege tax return does not follow the proper due date, the Alabama Department of Revenue might penalize and interest the unpaid tax. The penalty for late filing is 10% of the tax due or $50, whichever is greater.

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Form PPT: Alabama Business Privilege Tax Return and Annual Report for Pass Through Entities Only.

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