Get AL BPT-IN 2021-2023

Business Privilege Tax Rate The tax rate for business privilege tax is graduated, based on the entity's federal taxable income apportioned to Alabama. The rates range from $.25 to $1.75 for each $1,000 of net worth in Alabama. The minimum tax is $100.

Corporate income tax is a tax on the net income of corporations. ... Privilege taxes are imposed on businesses for the right to conduct business in a given state. Privilege taxes are usually based on the gross receipts or net worth of a business, but some are levied as a flat fee.

The minimum tax is $100 plus $10 annual report fee. Professional corporations pay the same BPT. Alabama LLC: The business privilege tax is based on the LLCs or the PLLCs net worth.

Alabama Corporate Income Tax Alabama grants an automatic extension of 6 months to file the Alabama Return, but the full amount of the tax due for a tax year is due, in full, by the original due date of the return. No paper or electronic extension form is needed to be filed to obtain the automatic extension.

By Andriy Blokhin. Updated Nov 14, 2018. A family limited liability company (LLC) is formed by family members to conduct business in a state that permits such a form of incorporation.

Mercantile Tax Law and Legal Definition. The mercantile tax is levied on the gross receipts of local businesses. The mercantile tax can be levied on wholesale and retail trade, as well as restaurants. It is also known as the business gross receipts tax, or business privilege tax.

Business Privilege Tax Rate The tax rate for business privilege tax is graduated, based on the entity's federal taxable income apportioned to Alabama. The rates range from $.25 to $1.75 for each $1,000 of net worth in Alabama. The minimum tax is $100.

Alabama recognizes the federal S election, and Alabama S corporations are not required to pay income tax to the state. ... Moreover, as limited liability entities, S corporations are required to the pay the state's business privilege tax.

There is no standalone annual report requirement for LLCs in Alabama, although entity information is requested annually as a part of the business privilege tax return.

Allow at least six weeks after filing your return, then check the status of your refund on our website at www.myalabamataxes.alabama.gov, or call our 24-hour toll-free refund hotline at 1-855-894-7391 or daytime refund status line at 334-309-2612.

Go to http://revenue.alabama.gov/forms/ to use the fillable forms. To order paper forms and booklets go to our website http://www.revenue.alabama.gov/forms/order-bulk-income-tax-forms/.

Register online with the AL Dept of Revenue to receive a Withholding Account Number within 5-7 days. Find an existing Withholding Account Number: On Form A-1 or A-3, Employer's Quarterly or Annual Return of Income Tax Filed. By calling the AL Dept of Revenue at (334) 242-1584.

It is a nine-digit number assigned by the Internal Revenue Service (IRS). The IRS requires this number to identify taxpayers who must file various business tax returns. Apply for an FEIN online or contact the IRS at 1-800-829-1040. Is an FEIN needed to apply for an alabama tax account?

Employees in Alabama fill out form A4, Employee's Withholding Tax Exemption Certificate, to be used when calculating withholdings. Alabama does not have any reciprocal agreements with any other states. There are local income (or occupational) taxes imposed in certain Alabama cities and counties.

Allow at least six weeks after filing your return, then check the status of your refund on our website at www.myalabamataxes.alabama.gov, or call our 24-hour toll-free refund hotline at 1-855-894-7391 or daytime refund status line at 334-309-2612.