Instructions for Form CPT Alabama Business Privilege Tax Return and Annual Report - Alabama

Form CPT Alabama Business Privilege Tax Return and Annual Report - Alabama

This document contains official instructions for Form CPT , Alabama Business Privilege Tax Return and Annual Report - a form released and collected by the Alabama Department of Revenue. An up-to-date fillable Form CPT is available for download through this link.

FAQ

Q: What is Form CPT?
A: Form CPT is the Alabama Business Privilege Tax Return and Annual Report, which needs to be filed by businesses in Alabama.

Q: Who is required to file Form CPT?
A: All businesses operating in Alabama are required to file Form CPT, including corporations, partnerships, and limited liability companies.

Q: When is the deadline for filing Form CPT?
A: The deadline for filing Form CPT is April 15th of each year, or the 15th day of the fourth month following the close of the fiscal year for fiscal year taxpayers.

Q: What information is needed to complete Form CPT?
A: To complete Form CPT, you will need to provide information about your business's gross receipts, taxable net income, and other relevant financial information.

Q: Are there any penalties for late filing of Form CPT?
A: Yes, there are penalties for late filing of Form CPT. The penalty for late filing is 5% of the tax due per month, up to a maximum of 25%.