According to the Alabama business privilege tax law, every corporation, limited liability entity, and disregarded entity doing business in Alabama or is organized, incorporated, qualified, or registered under the laws of Alabama is required to file an Alabama Business Privilege Tax Return and Annual Report. C-corporations, Financial Institution Groups, insurance companies, REITs, and business trusts must file Alabama Form CPT.

For corporations, the Alabama business privilege tax return is due no later than two and a half months after the beginning of a taxpayer’s taxable year. The 2005 Form CPT for a calendar year C-corporation would be due on March 15, 2005. The 2005 Form PPT for a calendar year S-corporation would be due on March 15, 2005.

Yes, an Alabama Form PSE, Extension Request for the Alabama Business Privilege Tax Return and Annual Report, must be filed.

Prepare and submit the applicable Form CPT or Form PPT. Clearly mark on line 6 (on the front page of the form) the box to indicate an amended return. Attach a thorough explanation for filing the amended return, and attach the computation of the additional tax due or of the refund due to the taxpayer.

The Alabama Business Privilege Tax is levied for the privilege of being organized under the laws of Alabama or doing business in Alabama (if organized under the laws of another state or country). See Section 40-14A-22, Code of Alabama 1975.

To determine the tax rate for the Business Privilege Tax, begin with the federal taxable income. Then multiply that amount by the taxpayer's apportionment factor. The resultant amount is used in the rate schedule to determine the appropriate rate.

Franchise tax is not based upon whether or not a corporation is a franchise. It is a business tax based upon a corporation's assets.

If you are filing a short period for a reason other than those previously stated you must attach a detailed explanation when filing your MO-1120. You will be notified if the short period is disallowed or adjustments were made to a previously filed return.

Employees who are 18 years old as of January 1st of the tax year and are employed by companies residing in Lower Providence Township. If you do not earn the minimukm of $12,000 per year, you may request a refund from Berkheimer Associates. No. You are only liable for $52.00 per year. Employers are required to deduct the tax from all employees. Present verification that you previously paid the tax and you will be reimbursed.

A short period franchise tax return may not be required when there is a change in ownership unless there has been a subsequent change in accounting periods. Normally, the prior and present owners pro-rate the taxes during the course of the sale of the business.

Your permanent residence was in the District of Columbia for either part of or the full taxable year. You lived in the District of Columbia for 183 days or more during the taxable year, even though your permanent residence was outside the District of Columbia. You were a member of the armed forces and your home of record was the District of Columbia for either part of or the full taxable year.

Electronic filing is the best way to file an error-free return and receive an income tax refund faster. Taxpayers are encouraged to file via the District's Electronic Taxpayer Service Center or federal/state e-File. View more information on electronic filing.

Yes. As long as your withholding tax account is open, you need to file a return showing zero tax was withheld; otherwise you will receive a non-filer notice. If you no longer have employees and want to close your withholding tax account, you should file an Employer's Withholding Tax Final Report, Form MO-941F. (Form MO-941F is included in your withholding tax voucher book.)

Consolidated tax returns may be filed by a group of corporations who are affiliated through stock ownership and who join in the filing of a federal consolidated income tax return. A consolidated return must include all subsidiaries.

Calendar year taxpayers must file no later than April 15th. Fiscal year filers must file no later than the 15th day of the fourth month following the close of their taxable year.

Your payment must be mailed by the due date of the return. Example: The current reporting period is July 1, 2006 - September 30, 2006 with a due date of October 31, 2006. If you E-filed your IFTA Quarterly Tax Return on October 20th your payment must be postmarked with the October 31, 2006 date to avoid interest and penalty fees. Internet Explorer – Right click on the Internet Explorer icon on your desktop and select "Properties".

The gift tax applies to the transfer by gift of any property. It is a gift if you do not expect to receive something of at least equal value in return. You should file a gift tax return for any calendar year you have taxable gift.

Parents or students who are not required to and will not file a tax return should complete a non-filer statement located on the IDOC cover sheet. Early decision applicants may visit our forms page to download the non-filer statement.