The Alabama Department of Revenue Jan. 1 issued guidance on preparing business privilege tax Form CPT, Alabama Business Privilege Tax Return and Annual Report for C corporations, and Form PPT, Alabama Business Privilege Tax Return and Annual Report for pass-through entities, for corporate income and individual income tax purposes. The guidance includes information on: 1) tax return due dates and payment processes; 2) methods to compute taxes; 3) minimum business privilege tax amounts; 4) business privilege tax schedules and forms; and 5) required documentation to attach to the returns. [Ala. Dep’t of Revenue, Quick Preparation Reference for TY 2021 Alabama .
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