Fillable PPT 2020 *201101PP* Alabama Business Privilege Tax Return (State of Alabama)

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PPT 2020 *201101PP* Alabama Business Privilege Tax Return (State of Alabama)

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*201101PP*
ADOR
Amount Due
6 Secretary of State corporate annual report fee $10 (corporations only) ................
7 Less: Annual report fee previously paid for the taxable year ........................
8 Net annual report fee due
(line 6 less line 7)
......................................................................
9 Privilege tax due
(Page 2, Part B, line 19)
.....................................
10 Less: Privilege tax previously paid for the taxable year ............................
11 Net privilege tax due
(line 9 less line 10)
.......................................
12 Penalty due
(see instructions)
...............................................
13 Interest due
(see instructions)
...............................................
14 Total privilege tax due
(add lines 11, 12 and 13)
...................................................................
15 Net tax due
(add lines 8 and 14)
...............................................................................
16 Payment due with return if line 15 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).
................................................................
17 Amount to be refunded if line 15 is negative ....................................
18 Family LLE Election attached
•
(Signature required below)
19 Check here if paid electronically
1a
•
Calendar Year (Taxable Year 2020 – determination period beginning and ending 12/31/2019)
1b
•
Fiscal Year (Taxable Year 2020 – determination period beginning
•
and ending
•
/2020)
1c
•
Amended Return (Attach Supporting Documentation) 1d
•
52/53 Week Filer
Type of taxpayer
(check only one)
: 2a
•
S Corporation 2b
•
Limited Liability Entity
2c
•
Disregarded Entity
2d
•
LLE taxed as S Corporation
5a Date of Incorporation or Organization 5b State of Incorporation or Organization 5 c County of Incorporation or Organization
• •
•
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
Alabama Department of Revenue
Business Privilege Tax Section Business Privilege Tax Section
P.O. Box 327431
P.O. Box 327320
Montgomery, AL 36132-7431
Montgomery, AL 36132-7320
Telephone Number: (334) 353-7923
Web site: www.revenue.alabama.gov
FORM
PPT 2020
Alabama Department of Revenue
Alabama Business Privilege Tax Return
and Annual Report
COMPUTATION OF AMOUNT DUE OR REFUND DUE
•
  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.
Please
Sign
Here
Paid
Preparer’s
Use Only
Preparer’s signature
Firm’s name (or yours, if •
self-employed) and address
•
Phone No.
• Preparer’s SSN/PTIN
•
Title Date
Owner’s/Officer’s
Signature
Date •
E.I. No. •
ZIP Code•
TAXPAYER INFORMATION
3a LEGAL NAME OF FEIN NOT REQUIRED
BUSINESS ENTITY
•
3b FEIN
• •
(SEE INSTRUCTIONS)
3c MAILING 3d BPT ACCOUNT NO.
ADDRESS
•
(SEE INSTRUCTIONS)
•
3h FEDERAL BUSINESS CODE NO.
3e CITY
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3f STATE
•
3g ZIP CODE
•
(NAICS)
(SEE WWW.CENSUS.GOV)
•
3i CONTACT PERSON 3j CONTACT PERSON’S
CONCERNING THIS FORM
•
PHONE NO.
•
3k TAXPAYER’S
E-MAIL ADDRESS
•
RETURN INFORMATION
4a
•
S Corporation President Information Change on attached Schedule AL-CAR (Corporation Annual Report)
4b
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S Corporation Secretary Information Change on attached Schedule AL-CAR (Corporation Annual Report)
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FORM
PPT
PAGE 2
*200002PP*
ADOR
BUSINESS PRIVILEGE
TAXABLE/FORM YEAR
2020
I. S-Corporations
1 Issued capital stock and additional paid in capital (without reduction for treasury stock)
but not less than zero. ....................................................
2 Retained earnings, but not less than zero, including dividends payable.................
3 Gross amount of related party debt exceeding the sums of line 1 and 2. ...............
4 All payments for compensation, distributions, or similar amounts in excess of $500,000. ...
5 Total net worth
(add lines 1-4). Go to Part B, line 1.
................................................................
II. Limited Liability Entities (LLE's)
6 Sum of the partners’/members’ capital accounts, but not less than zero................
7 All compensation, distributions, or similar amounts paid to a partner/member in
excess of $500,000. ......................................................
8 Gross amount of related party debt exceeding the amount on line 6. ..................
9 Total net worth
(add lines 6, 7 and 8). Go to Part B, line 1.
..........................
III. Disregarded Entities
10 Single Member Name:
•
FEIN/SSN:
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11 If a disregarded entity has as its single member a taxpayer that is subject to the privilege tax, then the disregarded entity pays the minimum tax.
(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). ..................................................
13 Gross amount of related party debt exceeding the amount on line 12 .................
14 For disregarded entities, all compensation, distributions,
or similar amounts paid to a member in excess of $500,000. ........................
15 Total net worth
(sum of lines 12, 13 and 14). Go to Part B, line 1.
......................................................
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.......................................................................
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. ....................
4 Unamortized balance of properly elected post-retirement benefits pursuant to FASB 106. ..
5 Total exclusions
(sum of lines 2-4)
............................................................................
6 Net worth subject to apportionment
(line 1 less line 5)
............................................................
7 Apportionment factor
(see instructions)
......................................
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. ...................
10 Net investment in all air, ground, or water pollution control devices in Alabama. ..........
11 Reserves for reclamation, storage, disposal, decontamination, or retirement
associated with a plant, facility, mine or site in Alabama ...........................
12 Book value of amount invested in qualifying low income housing projects
(see instructions)
.
13 30 percent of federal taxable income apportioned to Alabama, but not less than zero......
14 Total deductions
(add lines 9-13)
.............................................................................
15 Taxable Alabama net worth
(line 8 less line 14)
..................................................................
16a Federal Taxable Income Apportioned to AL ...
16b Tax rate
(see instructions)
.................................................
17 Gross privilege tax calculated
(multiply line 15 by line 16b)
.........................................................
18 Alabama enterprise zone credit
(see instructions)
..............................
19 Privilege Tax Due
(line 17 less line 18)
(minimum $100, for maximum see instructions)
Enter also on Form PPT, page 1, line 9, Privilege Tax Due
(must be paid by the original due date of the return)
.................
S-corporations must complete and attach an Alabama Schedule AL-CAR
, and enter $10 for the corporate annual report fee on line 6, page 1.
Other (noncorporate) pass-through entities, including Limited Liability Entities taxed as corporations,
are not required to file an Alabama Schedule AL-CAR or pay the corporate annual report fee.
PART A – NET WORTH COMPUTATION
1a. FEIN 1b. LEGAL NAME OF BUSINESS ENTITY 1c. DETERMINATION PERIOD END DATE (BALANCE SHEET DATE)
(MM/DD/YYYY)
Alabama Department of Revenue
Alabama Business Privilege Tax Pass-Through Entity
Privilege Tax Computation Schedule
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*200005AL*
ADOR
Alabama Department of Revenue
Alabama Secretary of State Corporation Annual Report
SCHEDULE
AL-CAR
BUSINESS PRIVILEGE
TAX YEAR
2020
1a  FEIN 1b  LEGAL NAME OF BUSINESS ENTITY (PLEASE TYPE OR PRINT)
1c  CONTACT PERSON CONCERNING THIS FORM 1d  CONTACT PERSON’S PHONE NUMBER
1e  TAXPAYER’S E-MAIL ADDRESS
2a County of incorporation or organization for all Alabama entities ........
2b State or country of incorporation or organization for all foreign entities...
3a Date of qualification or registration in Alabama for foreign entities ......
3b Date of incorporation or organization for all entities .................
3c Telephone number of the taxpayer .............................
4a Name of registered agent in Alabama ...........................
4b FEIN or social security number ................................
4c Street address ............................................
4d City ....................................................
4e State ...................................................
4f Zip .....................................................
5a Name of corporate president......................
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(Update
)
5b Social security number ......................................
5c Street address ............................................
5d City ....................................................
5e State ...................................................
5f Zip .....................................................
6a Name of corporate secretary......................
•
(Update
)
6b Social security number ......................................
6c Street address ............................................
6d City ....................................................
6e State ...................................................
6f Zip .....................................................
7 Kind of business done in Alabama .............................
8 Street address of the principal place of business in Alabama ..........
City, state, and zip code .....................................
9 Kind of business done generally ...............................
10 Mailing address of the principal office and place of business if
outside State of Alabama ....................................
City, state, and zip code .....................................
Schedule AL-CAR must be completed by C-corporations and S-corpora-
tions and is a required attachment to Form CPT or PPT pursuant to the
Code of Alabama 1975, Section 10A-2-16.22. Limited Liability Entities are
not required to complete Schedule AL-CAR.
In addition, there is a $10 Secretary of State fee for C-corporations and S-
corporations that should be recorded on page 1, line 6 of form CPT or PPT.
Taxpayers filing an initial return are not required to complete Schedule
AL-CAR or pay the $10 Secretary of State fee.
Schedule AL-CAR is NOT a standalone form. It must be submitted
with Form CPT or Form PPT.
Limited Liability Entities taxed as corporations are not subject to the $10
Secretary of State fee and are not required to complete Schedule AL-CAR.
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*200007NI*
Alabama Department of Revenue
Balance Sheet – Net Worth Computation
(FOR DISREGARDED ENTITIES WITH INDIVIDUAL SINGLE MEMBER ONLY)
WORKSHEET
BPT-NWI
BUSINESS PRIVILEGE
TAX YEAR
2020
Assets
1 Cash ............................................
2a Trade Notes and Accounts receivable ....................
b Less allowance for bad debts ..........................
3 Inventories ........................................
4 U.S. government obligations ...........................
5 Tax exempt securities ................................
6 Other current assets (attach statement)...................
7a Loans to members (or persons related to members). .........
b Mortgage and real estate loans .........................
8 Other investments (attach statement) ....................
9a Buildings and other depreciable assets ...................
b Less accumulated depreciation .........................
10a Depletable assets ...................................
b Less accumulated depletion ...........................
11 Land (net of any amortization)..........................
12a Intangible assets (amoritizable only) .....................
b Less accumulated amortization .........................
13 Other assets (attach statement) ........................
14 Total Assets. .....................................
Liabilities and Capital
15 Accounts payable ...................................
16 Mortgages, notes, bonds payable in less than 1 year.........
17 Other current liabilities (attach statement) .................
18 All nonrecourse loans ................................
19a Loans from members (or persons related to members) .......
b Mortgages, notes, bonds payable in 1 year or more..........
20 Other liabilities (attach statement) .......................
21 Total net worth (assets minus liabilities)...................
22 Total Liabilities and Net Worth. .......................
1c Determination Period End Date
(Balance Sheet Date):
_____________________________
(mm/dd/yyyy)
1a  FEIN 1b  NAME
The Worksheet BPT-NWI is available to be completed to substantiate the net worth computation for Form PPT. This worksheet is for disregarded entities
that have as its single member an individual taxpayer- typically single member LLCs taxed as sole proprietorships. The balance sheet should agree with
the disregarded entity's books and records. Attach a statement explaining any differences.
Beginning of tax year End of tax year
(a) (b) (c) (d)
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INSTRUCTIONS
Assets
Line 1. Cash – Enter the amount of cash and the amount retained in
certificates of deposit on this line.
Line 2. Trade notes and accounts receivable – Enter the book value
of trade notes and the book value of accounts receivable that are
payable to the business entity.
Line 3. Inventories – Enter the book value of inventories held by the
business entity.
Line 4. U.S. government obligations – Enter the book value of finan-
cial debt instruments backed by the US government such as: treasury
bonds, treasury bills, and savings bonds.
Line 5. Tax-exempt securities – Enter the book value of: 1. State and
local government obligations for which interest is excludable from gross
income, and 2. Stock in a mutual fund or other regulated investment
company that distributed exempt-interest dividends during the tax year
of the business entity.
Line 6. Other current assets (attach statement) – Enter the book
value of current assets (assets that are reasonably expected to be con-
verted into cash in less than 1 year) not entered elsewhere on lines 1
through 5. Amounts included here should not be included elsewhere on
lines 1 through 13. Attach a statement itemizing the separate cate-
gories and amounts of other current assets included in the total of cur-
rent assets.
Line 7 (a). Loans to member (or persons related to member) –
Enter the book value of loans issued by the business entity to the busi-
ness entity’s member or persons related to the member.
(b). Mortgage and real estate loans – Enter the book value of
mortgage and real estate loans issued by the business entity.
Loans entered on line 7 (a) should not be included on line 7 (b).
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Line 8. Other investments (attach statement) – Enter the book value
of investments not entered elsewhere on lines 1 through 7. Amounts
entered here should not be included elsewhere on lines 1 through 13.
Attach a statement itemizing the separate categories and amounts of
other investments included in the total of other investments.
Line 9 (a). Buildings and other depreciable assets - Enter the book
value of buildings, including capital improvements, and other deprecia-
ble assets without deduction of accumulated depreciation.
(b). Less accumulated depreciation – Enter the amount of ac-
cumulated depreciation in columns (a) and (c) respectively.
Deduct accumulated depreciation of buildings and depreciable
assets from the amount on line 9 (a) and enter the differences in
columns (b) and (d).
Line 10 (a). Depletable assets – Enter the book value of Depletable
assets without deduction of accumulated depletion.
(b). Less accumulated depletion – Enter the book value of
accumulated depletion of depletable assets in columns (a) and
(c). Deduct accumulated depletion of depletable assets from
the amount on line 10 (a) and enter the differences in columns
(b) and (d).
Line 11. Land (net of amortization) – Enter the book value of land re-
duced by the amount of amortization.
Line 12 (a). Intangible assets (amortizable only) – Enter the book
value of intangible assets (assets that lack physical substance such as:
patents, copyrights, franchises, goodwill, trademarks, trade names,
etc.) without deduction of amortization.
(b). Less accumulated amortization – Enter the amount of
accumulated amortization of intangible assets in columns (a)
and (c) respectively. Deduct accumulated amortization of intan-
gible assets from the amount on line 12 (a) and enter the dif-
ferences in columns (b) and (d).
Line 13. Other assets (attach statement) – Enter the book value of
any assets not entered elsewhere on lines 1 through 12. Attach a state-
ment itemizing the separate categories included in the total of other
assets.
Line 14. Total assets – Enter the sums of columns (b) and (d) respec-
tively for lines 1 through 13.
Liabilities and Capital
Line 15. Accounts payable – Enter the book value of accounts
payable.
Line 16. Mortgages, notes, bonds payable in less than 1 year –
Enter the book value of mortgages, notes, bonds payable in less than 1
year.
Line 17. Other current liabilities (attach statement) – Enter the book
value of current liabilities (due in less than 1 year) not entered on lines
15 or 16. Attach a statement itemizing the separate categories and
amounts of other current liabilities included in the total of other current
assets.
Line 18. All nonrecourse loans – Enter the book value of nonre-
course loans. Nonrecourse loans are those liabilities of the business
entity for which no member bears the economic risk of loss.
Line 19 (a). Loans from member (or persons related to member) –
Enter the book value of loans from member or persons related to mem-
ber. Capital contributions that increase member’s basis should not be
included on this line. Amounts included here should not be included
elsewhere on lines 15 through 20.
(b). Mortgages, notes, bonds payable in 1 year or more –
Enter the book value of mortgages, notes, bonds payable in 1
year or more. Loans entered on Line 19 (a) should not be in-
cluded on line 19 (b).
Line 20. Other liabilities (attach statement) – Enter the book value of
other noncurrent liabilities not entered elsewhere on lines 18 or 19.
Amounts included here should not be included elsewhere on lines 15
through 20. Attach a statement itemizing the separate categories and
amounts of other liabilities included in the total of other liabilities.
Line 21. Total net worth (assets minus liabilities) – Deduct the sum
of lines 15-20 from Line 14 and enter difference.
Line 22. Total liabilities and net worth – Enter the sum of lines 15
through 21.
*200006NW*
ADOR
Alabama Department of Revenue
Balance Sheet – Net Worth Computation
(FOR FORMS CPT AND PPT)
WORKSHEET
BPT-NW
BUSINESS PRIVILEGE
TAX YEAR
2020
Assets
1 Cash
2a Trade notes and accounts receivable ....................
b Less allowance for bad debts..........................
3 Inventories ........................................
4 U.S. government obligations ...........................
5 Tax-exempt securities ................................
6 Other current assets (attach statement)...................
7 Loans to partners (or persons related to partners)
(For Limited Liability Entities only)
....................
8 Loans to shareholders
(For Corporations only)
............
9 Mortgage and real estate loans .........................
10 Other investments (attach statement) ....................
11a Buildings and other depreciable assets ...................
b Less accumulated depreciation .........................
12a Depletable assets ...................................
b Less accumulated depletion ...........................
13 Land (net of any amortization). .........................
14a Intangible assets (amortizable only) .....................
b Less accumulated amortization .........................
15 Other assets (attach statement) ........................
16 Total Assets. Add lines 1 – 15. ........................
Liabilities
17 Accounts payable ...................................
18 Mortgages, notes, bonds payable in less than 1 year.........
19 Other current liabilities (attach statement) .................
20 All nonrecourse loans
(For Limited Liability Entities only)
...
21 Loans from partners (or persons related to partners) .........
22 Loans from shareholders
(For Corporations only)
..........
23 Mortgages, notes, bonds payable in 1 year or more..........
24 Other liabilities (attach statement) .......................
25 Total Liabilities. Add lines 17–24.......................
Capital/Shareholders’ Equity
26 Partners’ capital accounts
(For Limited Liability Entities only)
27 Capital stock
(For Corporations only)
...................
28 Additional paid-in capital
(For Corporations only)
..........
29 Retained earnings – Appropriated
(For Corporations only)
...
30 Retained earnings – Unappropriated
(For Corporations only)
.
31 Adjustments to shareholders’ equity (attach statement)
(For Corporations only)
.............................
32 Total Capital. Add lines 27–31.
(For Corporations only)
....
33 Total Liabilities and Shareholders’ Equity.
Add line 25 and line 26.
(For Limited Liability Entities only)
.
34 Total Liabilities and Capital. Add line 25 and line 32.
(For Corporations only)
.............................
1c Determination Period End Date
(Balance Sheet Date):
_____________________________
(mm/dd/yyyy)
1a  FEIN 1b  NAME
This worksheet is required to be completed to substantiate the net worth computation. This worksheet is for entities that are not required to complete a
Schedule L on the federal Form 1120, 1065 and 1120S and disregarded entities that have as its single member a taxpayer that is not subject to Alabama
business privilege tax (foreign business entities not doing business in the state of Alabama and not registered with the Alabama Secretary of State’s office
to do business in Alabama). Individual single member taxpayers should use Worksheet BPT-NWI.
Beginning of tax year End of tax year
(a) (b) (c) (d)
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*200008BE*
1a  FEIN 1b  ELECTING FAMILY LIMITED LIABILITY ENTITY
1c Determination Period End Date
(Balance Sheet Date):
(mm/dd/yyyy)
ADOR
The following information must be provided in order for this election to be effective.
PART 1 – 80% OWNERSHIP TEST ( ATTACH SUPPORTING DOCUMENTATION )
Partners’ capital account from Form 1065, Schedule L: .........................$
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Percentages of partners’ capital accounts that are directly or constructively owned by:
Primary Partner: .............................................................................. %
Spouse: ..................................................................................... %
Parents: ..................................................................................... %
Grandparents: ................................................................................ %
Lineal descendants of grandparents: ........................................................... %
Total ........................................................................................ %
PART 2 – TAXPAYER MUST COMPLETE AT LEAST ONE OF THE FOLLOWING. ( ATTACH SUPPORTING DOCUMENTATION )
(a) Gross Receipts Test: 90% or more of the gross receipts of the entity consist of any combination of the following:
(i) Interest .............................................................................. %
(ii) Dividends/distributions/payments on stock or securities .................................. %
(iii) Rents, license fees or other fees for use of property ..................................... %
(iv) Receipts from sale or leasing of timber or timberland .................................... %
(v) Royalties ............................................................................ %
(vi) Annuity payments .................................................................... %
(vii) Proceeds from sale of asset not in ordinary course of business ........................... %
Total ........................................................................................ %
(b) Assets Test: The aggregate adjusted basis of the following assets constitutes at least 90% of the adjusted basis of
all of the entity’s assets:
(i) Cash or cash equivalents ............................................................. %
(ii) Stocks, bonds, debentures, notes or other securities..................................... %
(iii) Timber or timberlands................................................................. %
(iv) Annuities ............................................................................ %
(v) Assets held principally for appreciation and not production of income...................... %
(vi) Mutual funds ......................................................................... %
(vii) Assets not used directly in the conduct of the entity’s business ........................... %
(viii) Royalty interests ..................................................................... %
Total ........................................................................................ %
This entity is making an election to be an electing family limited liability entity as described in
Code of Alabama 1975
, §40-14A-1(h).
The signature on page 1 of Form PPT or Form BPT-IN is certification that the profits and capital interests of the entity were calculated
using the constructive ownership rules of 26 U.S.C. §318, without regard to the 50% limitation contained in 26 U.S.C. §318(a)(2)(C)
and 26 U.S.C. §318(a)(3)(C).
Alabama Department of Revenue
Family Limited Liability Entity Election Form
(DISREGARDED ENTITIES DO NOT QUALIFY FOR THE FAMILY LIMITED LIABILITY ENTITY ELECTION)
SCHEDULE
BPT-E
BUSINESS PRIVILEGE
TAX YEAR
2020
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PPT 2020 *201101PP* Alabama Business Privilege Tax Return (State of Alabama)

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Completed 13 September 2021

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