Get your Alabama Business Privilege Tax Return and Annual Report in 3 easy steps
01 Fill and edit template
02 Sign it online
03 Export or print immediately
What is Alabama Business Privilege Tax Return & Annual Report?
Business Privilege Tax Return & Annual Report is a taxation document filed annually by all business entities of the Alabama state. The tax rates implied by this document range from $0.25 to $1.75 for each $1.000 of the net worth of your enterprise.
What do I need the Alabama Business Privilege Tax Return & Annual Report for?
All business that operate within Alabama’s territory are obliged to file this form every year. If you file the form too late, you will be punished by a fine of 10% of your entire tax due. And not paying taxes on time is additionally punished by 1% of the total tax due monthly.
How to fill out Alabama Business Privilege Tax Return & Annual Report?
Unless you run an LLC, your Alabama Annual Report has to include the business tax return. To avoid problems, you also should use the latest version of the form, meaning it was released this or at least last year.
Form filling requires:
- Business type. Choose the form according to the type of your business. If it’s a C Corporation, go with the Form CPT. If it’s an S Corporation, choose the Form PPT.
- Business info. Provide details about your enterprise: FEIN, company’s name, etc.
- Return. Unless you run an LLC, check the Return Information box.
- Taxation. The rest of the form is dedicated to calculating your tax amount.
The tax is deducted from the company’s net worth, which includes sales, salaries and assets outside/inside the state
Organizations that work with Alabama Business Privilege Tax Return & Annual Report
What people say
Now that I’ve switched from Word to PDFLiner, I save lots of time processing and digitally distributing tons of billing forms, work orders, forecast reports, and invoices. In addition to this, thanks to PDFLiner, we’ve significantly minimized our paper consumption. Excellent tool that helps me cope with my business workflow faster and easier.
PDFLiner allows me to streamline the processes of generating and managing legal documents, as well as collecting electronic signatures for all my contracts and agreements. I like that I can customize forms on the go and access PDFLiner from all my gadgets. No more printing or scanning! That’s just brilliant!
When you’re a student, you deal with PDFs a lot… Newsletters, various worksheets, official forms you need to fill in and sign, etc… To me, filling out a PDF form used to be among the trickiest and most time-consuming things ever. But then a friend of mine introduced me to PDFLiner, and oh my God, my life has changed since then. It’s easy to use and has so many great features. Just awesome, I love it!
Fillable online Alabama Business Privilege Tax Return and Annual Report