"Worksheet Bpt-Nwi - Balance Sheet - Net Worth Computation" - Alabama

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BPT-NWI
2018
WORKSHEET
BUSINESS PRIVILEGE
TAX YEAR
180007NI
Alabama Department of Revenue
Balance Sheet – Net Worth Computation
(FOR DISREGARDED ENTITIES WITH INDIVIDUAL SINGLE MEMBER ONLY)
1c Determination Period End Date
(Balance Sheet Date):
1a FEIN
1b NAME
_____________________________
(mm/dd/yyyy)
The Worksheet BPT-NWI is available to be completed to substantiate the net worth computation for Form PPT. This worksheet is for disregarded entities
that have as its single member an individual taxpayer- typically single member LLCs taxed as sole proprietorships. The balance sheet should agree with
the disregarded entity's books and records. Attach a statement explaining any differences.
Beginning of tax year
End of tax year
Assets
/////////////////////////
/////////////////////////
(a)
(b)
(c)
(d)
/////////////////////////
/////////////////////////
1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a Trade Notes and Accounts receivable . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less allowance for bad debts . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
4 U.S. government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
5 Tax exempt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
6 Other current assets (attach statement). . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
7a Loans to members (or persons related to members).. . . . . . . . .
/////////////////////////
/////////////////////////
b Mortgage and real estate loans . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
8 Other investments (attach statement) . . . . . . . . . . . . . . . . . . . .
9a Buildings and other depreciable assets . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . .
10a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less accumulated depletion . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
11 Land (net of any amortization). . . . . . . . . . . . . . . . . . . . . . . . . .
12a Intangible assets (amoritizable only) . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less accumulated amortization . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
13 Other assets (attach statement) . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
/////////////////////////
/////////////////////////
Liabilities and Capital
14 Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
/////////////////////////
/////////////////////////
15 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
16 Mortgages, notes, bonds payable in less than 1 year. . . . . . . . .
/////////////////////////
/////////////////////////
17 Other current liabilities (attach statement) . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
18 All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
19a Loans from members (or persons related to members) . . . . . . .
/////////////////////////
/////////////////////////
b Mortgages, notes, bonds payable in 1 year or more. . . . . . . . . .
/////////////////////////
/////////////////////////
20 Other liabilities (attach statement) . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
21 Total net worth (assets minus liabilities). . . . . . . . . . . . . . . . . . .
22 Total Liabilities and Net Worth. . . . . . . . . . . . . . . . . . . . . . . .
INSTRUCTIONS
company that distributed exempt-interest dividends during the tax year
Assets
of the business entity.
Line 6. Other current assets (attach statement) – Enter the book
Line 1. Cash – Enter the amount of cash and the amount retained in
certificates of deposit on this line.
value of current assets (assets that are reasonably expected to be con-
Line 2. Trade notes and accounts receivable – Enter the book value
verted into cash in less than 1 year) not entered elsewhere on lines 1
of trade notes and the book value of accounts receivable that are
through 5. Amounts included here should not be included elsewhere on
payable to the business entity.
lines 1 through 13. Attach a statement itemizing the separate cate-
Line 3. Inventories – Enter the book value of inventories held by the
gories and amounts of other current assets included in the total of cur-
business entity.
rent assets.
Line 7 (a). Loans to member (or persons related to member) –
Line 4. U.S. government obligations – Enter the book value of finan-
cial debt instruments backed by the US government such as: treasury
Enter the book value of loans issued by the business entity to the busi-
ness entity’s member or persons related to the member.
(b). Mortgage and real estate loans – Enter the book value of
bonds, treasury bills, and savings bonds.
Line 5. Tax-exempt securities – Enter the book value of: 1. State and
mortgage and real estate loans issued by the business entity.
local government obligations for which interest is excludable from gross
Loans entered on line 7 (a) should not be included on line 7 (b).
income, and 2. Stock in a mutual fund or other regulated investment
BPT-NWI
2018
WORKSHEET
BUSINESS PRIVILEGE
TAX YEAR
180007NI
Alabama Department of Revenue
Balance Sheet – Net Worth Computation
(FOR DISREGARDED ENTITIES WITH INDIVIDUAL SINGLE MEMBER ONLY)
1c Determination Period End Date
(Balance Sheet Date):
1a FEIN
1b NAME
_____________________________
(mm/dd/yyyy)
The Worksheet BPT-NWI is available to be completed to substantiate the net worth computation for Form PPT. This worksheet is for disregarded entities
that have as its single member an individual taxpayer- typically single member LLCs taxed as sole proprietorships. The balance sheet should agree with
the disregarded entity's books and records. Attach a statement explaining any differences.
Beginning of tax year
End of tax year
Assets
/////////////////////////
/////////////////////////
(a)
(b)
(c)
(d)
/////////////////////////
/////////////////////////
1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a Trade Notes and Accounts receivable . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less allowance for bad debts . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
4 U.S. government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
5 Tax exempt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
6 Other current assets (attach statement). . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
7a Loans to members (or persons related to members).. . . . . . . . .
/////////////////////////
/////////////////////////
b Mortgage and real estate loans . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
8 Other investments (attach statement) . . . . . . . . . . . . . . . . . . . .
9a Buildings and other depreciable assets . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . .
10a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less accumulated depletion . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
11 Land (net of any amortization). . . . . . . . . . . . . . . . . . . . . . . . . .
12a Intangible assets (amoritizable only) . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
b Less accumulated amortization . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
13 Other assets (attach statement) . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
/////////////////////////
/////////////////////////
Liabilities and Capital
14 Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
/////////////////////////
/////////////////////////
15 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
16 Mortgages, notes, bonds payable in less than 1 year. . . . . . . . .
/////////////////////////
/////////////////////////
17 Other current liabilities (attach statement) . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
18 All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
19a Loans from members (or persons related to members) . . . . . . .
/////////////////////////
/////////////////////////
b Mortgages, notes, bonds payable in 1 year or more. . . . . . . . . .
/////////////////////////
/////////////////////////
20 Other liabilities (attach statement) . . . . . . . . . . . . . . . . . . . . . . .
/////////////////////////
/////////////////////////
21 Total net worth (assets minus liabilities). . . . . . . . . . . . . . . . . . .
22 Total Liabilities and Net Worth. . . . . . . . . . . . . . . . . . . . . . . .
INSTRUCTIONS
company that distributed exempt-interest dividends during the tax year
Assets
of the business entity.
Line 6. Other current assets (attach statement) – Enter the book
Line 1. Cash – Enter the amount of cash and the amount retained in
certificates of deposit on this line.
value of current assets (assets that are reasonably expected to be con-
Line 2. Trade notes and accounts receivable – Enter the book value
verted into cash in less than 1 year) not entered elsewhere on lines 1
of trade notes and the book value of accounts receivable that are
through 5. Amounts included here should not be included elsewhere on
payable to the business entity.
lines 1 through 13. Attach a statement itemizing the separate cate-
Line 3. Inventories – Enter the book value of inventories held by the
gories and amounts of other current assets included in the total of cur-
business entity.
rent assets.
Line 7 (a). Loans to member (or persons related to member) –
Line 4. U.S. government obligations – Enter the book value of finan-
cial debt instruments backed by the US government such as: treasury
Enter the book value of loans issued by the business entity to the busi-
ness entity’s member or persons related to the member.
(b). Mortgage and real estate loans – Enter the book value of
bonds, treasury bills, and savings bonds.
Line 5. Tax-exempt securities – Enter the book value of: 1. State and
mortgage and real estate loans issued by the business entity.
local government obligations for which interest is excludable from gross
Loans entered on line 7 (a) should not be included on line 7 (b).
income, and 2. Stock in a mutual fund or other regulated investment
Line 8. Other investments (attach statement) – Enter the book value
Line 14. Total assets – Enter the sums of columns (b) and (d) respec-
of investments not entered elsewhere on lines 1 through 7. Amounts
tively for lines 1 through 13.
entered here should not be included elsewhere on lines 1 through 13.
Attach a statement itemizing the separate categories and amounts of
Liabilities and Capital
Line 15. Accounts payable – Enter the book value of accounts
other investments included in the total of other investments.
Line 9 (a). Buildings and other depreciable assets - Enter the book
payable.
Line 16. Mortgages, notes, bonds payable in less than 1 year –
value of buildings, including capital improvements, and other deprecia-
ble assets without deduction of accumulated depreciation.
(b). Less accumulated depreciation – Enter the amount of ac-
Enter the book value of mortgages, notes, bonds payable in less than 1
year.
Line 17. Other current liabilities (attach statement) – Enter the book
cumulated depreciation in columns (a) and (c) respectively.
Deduct accumulated depreciation of buildings and depreciable
value of current liabilities (due in less than 1 year) not entered on lines
assets from the amount on line 9 (a) and enter the differences in
15 or 16. Attach a statement itemizing the separate categories and
columns (b) and (d).
amounts of other current liabilities included in the total of other current
Line 10 (a). Depletable assets – Enter the book value of Depletable
assets.
Line 18. All nonrecourse loans – Enter the book value of nonre-
assets without deduction of accumulated depletion.
(b). Less accumulated depletion – Enter the book value of
course loans. Nonrecourse loans are those liabilities of the business
accumulated depletion of depletable assets in columns (a) and
entity for which no member bears the economic risk of loss.
Line 19 (a). Loans from member (or persons related to member) –
(c). Deduct accumulated depletion of depletable assets from
the amount on line 10 (a) and enter the differences in columns
Enter the book value of loans from member or persons related to mem-
(b) and (d).
ber. Capital contributions that increase member’s basis should not be
Line 11. Land (net of amortization) – Enter the book value of land re-
included on this line. Amounts included here should not be included
duced by the amount of amortization.
Line 12 (a). Intangible assets (amortizable only) – Enter the book
elsewhere on lines 15 through 20.
(b). Mortgages, notes, bonds payable in 1 year or more –
value of intangible assets (assets that lack physical substance such as:
Enter the book value of mortgages, notes, bonds payable in 1
patents, copyrights, franchises, goodwill, trademarks, trade names,
year or more. Loans entered on Line 19 (a) should not be in-
etc.) without deduction of amortization.
(b). Less accumulated amortization – Enter the amount of
Line 20. Other liabilities (attach statement) – Enter the book value of
cluded on line 19 (b).
accumulated amortization of intangible assets in columns (a)
other noncurrent liabilities not entered elsewhere on lines 18 or 19.
and (c) respectively. Deduct accumulated amortization of intan-
Amounts included here should not be included elsewhere on lines 15
gible assets from the amount on line 12 (a) and enter the dif-
through 20. Attach a statement itemizing the separate categories and
Line 13. Other assets (attach statement) – Enter the book value of
ferences in columns (b) and (d).
amounts of other liabilities included in the total of other liabilities.
Line 21. Total net worth (assets minus liabilities) – Deduct the sum
any assets not entered elsewhere on lines 1 through 12. Attach a state-
of lines 15-20 from Line 14 and enter difference.
Line 22. Total liabilities and net worth – Enter the sum of lines 15
ment itemizing the separate categories included in the total of other
assets.
through 21.
ADOR
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