Net Profits Tax Return

[Pat Hamilton]

I am in the process of doing my taxes and was able to register on the new tax center website.  My rental properties do not earn over 100k/year so I was able to file the BIRT easily, but I'm confused regarding the NPT tax portions.  The worksheets asks so many questions, most do not seem to apply.  The ones that do apply are:

Rented Property (at 8 times the net annual rental) ______________

Total average value of Property used within Philadelphia and everywhere, respectively __________

I just own one investment rental property in Philadelphia...why does it want to know "everywhere" I don't get it.  Isn't there an easier way to complete. 

I just want to multiply my net profit by 3.4481% (nonresidents) write them a check and go on with my life.  Is there an easier way to do this?

[Eddie L.]

***Not a CPA and no filing tax return experience for others***

I don't even think that worksheet needs to actually be submitted, but... "Rented Property" is the property that you're paying rent on. I assume this doesn't apply to you? Purpose of this is to understand how much of your business is in Philadelphia. For example if you rent an office in Philadelphia for your operations for $100 and you have a $1,000,000 office in NY then your philadelphia apportionment would be lower. In your case I think your rental property would just go to Land and Buildings Owned with equal amount under Philadelphia and Everywhere.