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Philadelphia Net Profits Tax for 2019

troy
Level 3

I am interested in filing the net profits tax for Philadelphia for the year 2019. The federal entity is an S-Corp.

As I understand, it is not supported by ProSeries. However, I would like to receive confirmation before I proceeded to install the module in ProSeries and navigate the software.

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1 Comment 1
Accountant-Man
Level 13

The S corp PA program does not have the City taxes in it, but the 1040 PA program does.

I used to create a dummy individual return for the Phila only returns. However,

  • Net Profits Tax (NPT): Corporations are not subject to the Net Profits Tax; this tax is only for non-corporate entities like sole proprietorships and partnerships.

You want the BPT.

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