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Line 8a. – Name of Corporate President or Primary Member/Partner.

Instructions for Form BPT-IN, Page 2

Enter the name of the current corporate president or primary member/partner.

Line 1a. – FEIN. Enter the Federal Employer Identification Number (FEIN)

Line 8b. – Social Security Number. Enter the Social Security Number of

of the entity.

the current corporate president or primary member/partner.

Line 1b. – Legal Name of Business Entity. Enter the legal name of the

Line 8c. – Street Address. Enter the street address or mailing address of

business entity as shown on page 1, line 3a.

the current corporate president or primary member/partner.

Line 1c. – Date of Qualification, Organization, or Incorporation. Enter

Line 8d. – City, State and Zip Code. Enter the city, state, and zip code of

the date of qualification, organization, or incorporation (same as line 2a on page

the current corporate president or primary member/partner.

1 of Form BPT-IN).

Line 9a. – Name of Corporate Secretary or Secondary Member/Partner.

Part A – New Worth Computation

Enter the name of the current corporate secretary or secondary member/

partner.

I. Corporations & Entities Taxed as Corporations

Line 9b. – Social Security Number. Enter the Social Security Number of

the current corporate secretary or secondary member/partner.

Line 1. Enter the total amount of the taxpayer’s capital stock and paid in

capital, but not less than zero. The amount must not be reduced for any treas-

Line 9c. – Street Address. Enter the street address or mailing address of

ury stock owned by the corporation.

the current corporate secretary or secondary member/partner.

Line 2. Enter the amount of Retained Earnings, but not less than zero.

Line 9d. – City, State and Zip Code. Enter the city, state, and zip code of

Include any amounts designated for the payment of dividends until the amounts

the current corporate secretary or secondary member/partner.

are definitely and irrevocably placed to the credit of the stockholders, subject to

Line 10. – Kind of Business Done in Alabama. Please provide a brief

withdrawal on demand. If the taxpayer does not issue stock or if the taxpayer is

statement of the character of business in which the entity is engaged in the

either a business trust or a limited liability entity taxed as a corporation for fed-

State of Alabama.

eral tax purposes, enter the book value of the taxpayer’s assets and liabilities

(assets minus liabilities).

Line 11. – Principal Place of Business in Alabama. Please provide the

address for the principal place of business in Alabama.

Line 3. Enter the gross amount of related party debt exceeding the total of

the amounts entered on line 1 and line 2, as required by Section 40-14A-23,

Line 12. – Kind of Business Done Generally. Please provide a brief state-

Code of Alabama 1975. This amount will be added to the amounts on line 1

ment of the general character of business in which the entity is engaged.

and line 2 in arriving at the taxpayer’s net worth. Related parties are defined in

Line 13. – Principal Office and Place of Business if Outside the State

Section 40-14A-1, Code of Alabama 1975, as any member of a controlled

of Alabama. Please provide the mailing address for the principal place of busi-

group of corporations as defined by Internal Revenue Code Section 1563. The

ness, if it is located outside of Alabama.

definition of related parties also includes any limited liability entity that would be

Line 14. – Privilege tax due (Page 2, Part B, line 21). Enter the amount

a member of a controlled group if rules similar to Section 1563 were applied to

from page 2, Part B, line 21 (Privilege Tax Due). The Alabama Business

limited liability entities. Note: The amount entered on line 3 must not be less

Privilege Tax is due, in full, by the original due date of the Initial Business

than zero. Individual shareholders are not considered related parties. Related

Privilege Tax Return.

party debt and related party receivables are not netted in any circumstances.

Exempt payables are defined as stated in Section 40-14A-23(e)(2)(b). They

Line 15. – Penalty due. Enter the total amount of the penalty for failure to

include trade debt, accounts payable, or deposit liabilities to related parties that

timely file the return and the penalty for failure to timely pay the tax shown due

are doing business in Alabama. Non-Exempt payables are all other related

on the return, as specified in Section 40-2A-11, Code of Alabama 1975. The

party debts.

penalty for failure to timely file an Alabama Business Privilege Tax Return by the

due date is 10% of the tax or $50, whichever is greater. The penalty for failure

Line 4. For the determination period, enter the excess amount (the amount

to timely pay the amount of tax shown due on an Alabama Business Privilege

in excess of $500,000 for each shareholder) of compensation or similar

Tax Return equals to 1% of the amount of tax shown due on the return for each

amounts paid to (or accrued as a liability to) certain direct or indirect sharehold-

month the tax is unpaid – not to exceed 25% of the amount shown due on the

ers, as defined in Section 40-14A-23, Code of Alabama 1975. This amount will

return.

be added to lines 1, 2, and 3, in arriving at the taxpayer’s net worth. Section 40-

14A-23(f), Code of Alabama 1975, should be referred to for a more thorough

Line 16. – Interest due. Enter the amount of interest due on any Business

explanation of this adjustment.

Privilege Tax unpaid as of the original due date of the Business Privilege Tax

Return. Section 40-1-44(a), Code of Alabama 1975, specifies the interest rate

Line 5. For the determination period, enter the excess amount (the amount

to be used in computing the amount of interest due (Section 40-1-44 references

in excess of $500,000 for each shareholder) of compensation or similar

Internal Revenue Code Section 6621 for the interest rates to be used for under-

amounts paid to (or accrued as a liability to) certain direct or indirect sharehold-

payments).

ers, as defined in Section 40-14A-23, Code of Alabama 1975. This amount will

be added to lines 1, 2, and 3, in arriving at the taxpayer’s net worth. Section 40-

Line 17. – Total privilege tax due. Add the amounts shown on lines 14, 15,

14A-23(f), Code of Alabama 1975, should be referred to for a more thorough

and 16.

explanation of this adjustment.

Line 18. – Indicate payment type. Check the box if the payment due was

Line 6. – Total Net Worth. Enter the sum of lines 1 through 5.

made by electronic payment.

II. Limited Liability Entities (LLEs)

Line 19. – Family LLE Election Indicator. Check the box if the Family LLE

Election Schedule is completed and attached. The Family Limited Liability

Line 7. Enter the total amount of the partner/member capital accounts, but

Election must be made annually on or before the due date, including exten-

not less than zero.

sions, of the return in accordance with Section 40-14A-1(h)(2), Code of

Alabama 1975. Failure to attach Schedule BPT-E and sign Page 1 of Form

Line 8. Enter the excess amount (the amount in excess of $500,000 for

PPT will result in the disallowance of the election. Single-member LLCs that are

each partner/member) of compensation, distributions or similar amounts paid to

treated as a disregarded entity for federal income tax purposes do not qualify

(or accrued as a liability to) certain direct or indirect partners/members during

as an electing family limited liability entity, in accordance with Section 40-14A-

the determination period, as defined in Section 40-14A-23, Code of Alabama

1(h), Code of Alabama 1975.

1975. This amount will be added to the amounts entered on lines 7 and 9, in

Form Bpt-In Instructions - Alabama Business Privilege Tax Initial Privilege Tax Return - 2011 Page 2

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