Schedule ATP: Additional Taxes & Penalties (Form 40) (2024)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Schedule ATP reports additional taxes and penalties for 2024 Form 40. It totals consumer use tax and catastrophe savings tax, as well as estimated tax and First-time Second Chance Home Buyer Savings Account penalties, for entry on Form 40.
Who files this form
The 2024 Schedule ATP is used with Alabama Form 40 to report these additional taxes and penalties:
- Consumer use tax.
- Catastrophe savings tax.
- Estimated tax penalty.
- First-time Second Chance Home Buyer Savings Account penalty.
The form does not explain who owes these taxes or penalties. It refers you to instructions, which were not provided.
What you'll need
The form calls for:
- Your name or names as shown on the tax return and your Social Security number.
- The amounts of the listed additional taxes and penalties.
- Schedule HBC, Part IV, line 4, for the First-time Second Chance Home Buyer Savings Account penalty.
You will also use Form 40 to enter the totals from Schedule ATP.
Questions people ask
What if I certify that no consumer use tax is due?
Check the box on Part I, line 1.
Where do I enter the total additional taxes?
Add Part I, lines 1 and 2. Enter the total on Part I, line 3, and on Form 40, page 1, line 19.
Where do I enter the total penalties?
Add Part II, lines 1 and 2. Enter the total on Part II, line 3, and on Form 40, page 1, line 31.
Is there a special checkbox for farmers and fishermen?
Yes. Part II, line 1, includes a checkbox for farmers and fishermen who meet IRC §6654. The supplied form does not explain those requirements.