We use cookies to personalise the website and offer you the greatest added value. They are, among other purposes, used to analyse visitor usage in order to improve the website for you. By using this website, you agree to their use. Further information can be found in our data privacy statement.



Annual Report Changes

PrintMailRate-it

Foreign Informational Reporting.jpg


Rödl & Partner Tax Matters Volume 2024-3published March 12, 2024


There are important changes to current filings of Alabama ("AL") Forms CPT (corporate privilege tax) and PPT (pass-through privilege tax), as well as the AL Secretary of State Corporation Annual Report that businesses need to be aware of in order to meet the March 15th Annual Report filing deadline.

 

Corporation Annual Report


In prior years, the AL Secretary of State Corporation Annual Report and $10 report fee were filed and paid with the Form CPT (previous Schedule AL-CAR). Beginning January 1, 2024, this is no longer allowed. As a result, the Annual Report must be filed separately via the Secretary of State's office no later than March 15, 2024:


https://al.accessgov.com/business-filings/Forms/Page/business-filings/annual-report/1 


As a reminder, the Annual Report filing requirement only applies to for-profit corporations. LLCs, LPs, LLPs, etc., are not required to file.

 

2024 AL Forms CPT and PPT


For taxable years ending on December 31, 2023 or fiscal years ending during 2024, if the calculated privilege tax is $100 or less, there is no tax due and no filing requirement. 

For businesses whose privilege tax exceeds $100, Form CPT/PPT is due on the same day as the federal income tax return, including extensions.

 

Please contact your local Rödl & Partner representative with any questions. 



This publication contains general information and is not intended to be comprehensive or to provide legal, tax or other professional advice or services. This publication is not a substitute for such professional advice or services, and it should not be acted on or relied upon or used as a basis for any decision or action that may affect you or your business. Consult your advisors. The fact that you have received this publication does not create an accountant-client or advisory relationship between you and Rödl Langford de Kock LLP or any of its subsidiaries or affiliates. If you wish to hire Rödl Langford de Kock LLP or any of its subsidiaries or affiliates you will need to speak with one of our accountants and enter into a written agreement establishing the scope of engagement. We have made reasonable efforts to ensure the accuracy of the information contained in this publication, however this cannot be guaranteed. Neither Rödl Langford de Kock LLP nor any of its subsidiaries nor any affiliate thereof or other related entity shall have any liability to any person or entity which relies on the information contained in this publication, including, but not limited to, incidental or consequential damages arising from errors or omissions. Any such reliance is solely at user’s risk. Any tax and/or accounting information contained herein is based on our understanding of the facts and assumptions we have been asked to make for the purpose of this publication alone, and on the tax laws and/or accounting principles in effect as of the date of this advice. No assurance is given that the conclusions would be the same if the facts or assumptions change, or are not as we understand them, or that the tax laws and/or accounting principles will not change subsequent to the issuance of these conclusions. In addition, we do not undertake any continuing obligation to advise on future changes in the tax laws and/or accounting principles, or of the impact on the conclusions herein. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Rödl Langford de Kock LP.

Copyright © December 2024 Rödl Langford de Kock LP
All rights reserved. 


Contact

Elisa Fay

CPA

Partner-in-Charge Rödl National Tax

+1 404 525 2600

Send inquiry

Profile

Contact Person Picture

Deutschland Weltweit Search Menu