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Frequently Asked Questions

How is an amended Alabama Business Privilege Tax return filed?

Frequently Asked Questions
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.

When is the Alabama Business Privilege Tax return due?

Frequently Asked Questions
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.

What taxpayers must file an Alabama Business Privilege Tax return?

Frequently Asked Questions
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.

Why is the Alabama Business Privilege Tax levied?

Frequently Asked Questions
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.

Can I file an extension to obtain more time to file an Alabama Business Privilege Tax return?

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

What return must be filed for franchise tax?

Frequently Asked Questions - Corporation Franchise Tax
For tax years beginning on or after January 1, 2000 for corporate income tax and on or after January 1, 2001 for franchise tax, the franchise tax must be reported with Form MO-1120 or MO-1120S. Schedule MO-FT must be included with either Form MO-1120 or Form MO-1120S. If you are not required to file Form MO-1120 or MO-1120S, you must complete the upper portion of either of these two forms, mark the box "franchise tax only" and then complete Schedule MO-FT.

I have not filed my business tax return for several years. What should I do?

Accounting frequently asked questions
Please come to our office and we can help you organize your records and file any business tax return not yet filed for any previous tax year. If you do not have the necessary information we can help you obtain those records.

Is there a county business tax? When and where is the return filed?

Washington County | Departments - Auditor - FAQ's
Businesses pay personal property tax on equipment and inventory. Form 920 or the new form 920EZ must be filed in the Auditor's office where the business is located each year in duplicate no later than April 30th, unless our office has approved an extension. A business with locations in more than one county must file a combined return (form 945) with the Tax Commissioner of Ohio.

My parents have not filed their tax return. Can I still complete the FAFSA?

Answers to your Questions About Financial Aid at Michigan Te...
Though it is recommended that you complete the FAFSA with completed tax form information, to meet awarding deadlines you can estimate. Once the tax form is available, you must correct the FAFSA data that is in error. Note that financial aid packages based on estimated FAFSA data may not provide an accurate depiction of your overall eligibility for financial assistance.

What is an Amended Tax Return?

Taxback - FREE Tax Refund Help - The REAL TRUTH about the hi...
A revised tax filing based on previously submitted tax return(s) to the IRS. The amended tax filing includes adjustments based on previously recorded errors and/or omissions. The IRS releases new tax deductions after the tax season is over. The IRS made over 400 new tax changes in 2002 alone. The IRS allows the taxpayer to take advantage of and apply the new deductions to previous tax filings. It is not the intention of Taxback to replace your current tax preparer.

How is the rate for the Business Privilege Tax determined?

Frequently Asked Questions
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.

How do I correct a tax return I already filed?

Frequently asked questions (FAQ's)
For information on how to modify a tax return that has already been filed, refer to the options below: Regarding a Quebec return filed with the MRQ, you must fill out Form TP-1.R-V, Request for an adjustment to an income tax return and mail it to the MRQ together with documents justifying your request.

How should I fill out the FAFSA if I have not yet filed a tax return?

STUDENT SERVICES: Financial Aid Department- Commonly Asked F...
Ideally, you should complete a FAFSA after you have filed your (and your family's, if applicable) tax return. If your tax returns are not done early, estimate as accurately as possible the prior year's income and taxes paid using W-2s, paycheck stub, untaxed income statements, etc. You must correct your FAFSA once tax returns have been filed. Failure to make corrections to your FAFSA will cause delays in the processing of your file.

Does Lower Providence Township have a Business Privilege Tax or Merchantile Tax?

Lower Providence Township, Montgomery County Pennsylvania
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.

Do I need a special form to file an amended or an additional use tax return?

Frequently Asked Questions - Use Tax
No. A special form is not needed to file an amended or an additional return. A copy of the original form may be used. Indicate additional or amended by writing it on the return. For additional sales tax forms, click here.

Do I pay a tax on the total amended return refund amount on next year's taxes?

Taxback - FREE Tax Refund Help - The REAL TRUTH about the hi...
You are not required to pay tax on any Federal or Social Security/FICA refunds received, except for on the interest that the government pays you. You are required to pay taxes on all state refunds.

Q24.  How does a corporation amend an e-filed tax return?

Archive of e-file for Large and Mid-Size Corporations - Freq...
A24.  Amended returns filed prior to January 8, 2007 will need to be filed following the existing paper process.   Beginning January 8, 2007, taxpayers may use Modernized e-File (MeF) to amend returns for tax years ending on or after December 31, 2005.   

I have not filed an income tax return for several years. What should I do?

Accounting frequently asked questions
Please come to our office and we can help you organize your records and file any tax return not yet filed for any previous tax year. If you do not have the necessary information, that is, W-2, 1099, 1098, etc., to prepare any tax return, we can help you obtain those records from the IRS.

What do I do if I previously filed a return with another tax collector?

Failure To File Final Return
Please send a copy of your tax return with W 2 Form(s) and schedules attached that were filed with the other tax collector along with the Failure to File notice to: Berkheimer Tax Administrator PO Box 913 Bangor, Pa. 18013-0913
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