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Screens

Screen PANPT - Philadelphia Net Profits Return (1040)

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Overview

Use this screen to complete Form NPT, Philadelphia Net Profits Tax Return. If multiple units are required, enter the city account number on the applicable federal C, Rent, F, 4835, and K1 screens in the
State use code
 field. Enter code
19
 and a 7-digit city account number. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-PA Cities shows it on the form only, not in the screen.
If the activity (federal C, Rent, F, 4835, and K1 screens) associated with the PANPT screen is coded J for joint, UltraTax CS will bring over the joint amount. When the
TSJ
 field is J for joint, the taxpayer’s name will show up on the return. If only half of the income is desired on the return in this situation, use the force fields on the PANPT screen found in the Income and Adjustments tab section.
note
Philadelphia Net Profits Returns can be filed electronically.

General Information

Create NPT return with no federal activity
Enter
X
 to create a NPT activity when the Net Profit Return (NPT) account number isn't included in any federal activity input screen. If the
City account number
 field has data, the
Create NPT return with no federal activity
 field is blank, and the
City account number
 field doesn't match an account number in the
State use code
 field on any federal activity input screen, the unit will be deleted.
Activities included in NPT return
The
Activities included in NPT return
 statement window displays the entity information for the federal activities included in the Net Profits Tax return.
City account number
UltraTax CS uses this field to determine whether Form NPT should calculate. The city account number should be entered in the
State use code
 field on 1 of the following federal screens: C, Rent, F, 4835, or K1. If there is an
X
 in the
Create NPT return with no federal activity
 field, manually enter the city account number. A 7-digit city account number is required for Form NPT to calculate.
Email (Force)
UltraTax CS uses the email address entered in the federal Contact screen. To enter a different email address from the one in the federal Contact screen, use this
Email (Force)
 field.
Business address / City, state, zip code
If the city account number entered matches the city account number in the state use field on the Pennsylvania Schedule C or E and there's no address entered on the applicable Schedule C or E, UltraTax CS defaults to using the tax return mailing address. Otherwise, for Pennsylvania Schedules C and E, the address entered in the PAC screen or PARent screen updates these fields and is used in the return. For Schedule F, the default address is the tax return mailing address and these fields aren't updated. Enter the address if different than what was entered in federal data entry.

Online Payment Options

NPT filing instructions
Enter
X
 to indicate in the instructions the payment is to be made using the online electronic payment services available on the Philadelphia website. If electronic funds withdrawal in UltraTax CS is being used already, this field will be ignored. This field applies to balance due NPT returns.
NPT Estimate filing instructions
Enter
X
 to indicate in the instructions the estimate payments are to be made using the online electronic payment services available on the Philadelphia website.
NPT Extension filing instructions
Enter
X
 to indicate in the instructions the payment is to be made using the online electronic payment services available on the Philadelphia website. If the extension amount is $5,000 or more, UltraTax CS automatically indicates the balance due amount should be paid using the online payment option.
Opt out from Online Payment option
If the total tax is $5,000 or more between the NPT and related BIRT return, UltraTax CS automatically produces the online payment information in the instructions. Enter
X
 to indicate in the instructions the payment is to be made with a check.
UltraTax CS calculates total tax by adding up the following:
  • Total Due amount on the NPT return
  • Estimate amount to be paid on each NPT Estimate coupon
  • Extension payment actually made amount on the PANPTExt screen
  • Total Due amount on the BIRT/EZ return
  • Extension payment actually made amount on the PABRTExt screen

Income and Adjustments

Net profit or loss (Force)
UltraTax CS automatically calculates a net profit or loss from information entered in the federal C, Rent, F, 4835, and K1 screens automatically. On the federal screens, in the
State use code
 field there must be code
19
 and a 7-digit city account number entered to be included in the calculation. Enter an amount in this field if an amount different from the calculated amount is needed.
Other taxable income
Use this field to enter other taxable income amounts. If trust income applies to the NPT return include the amount here.
Apportionment factors
These factors are used by nonresident returns only.
Federal Section 168(k) bonus depreciation (Force)
UltraTax CS automatically calculates the
Federal Section 168(k) bonus depreciation
 field amount for those assets associated to the federal C, Rent, F, 4835, and K1 screens. On the federal screens in the
State use code
 field there must be code
19
 and a 7-digit city account number entered to be included in the calculation. Enter an amount in this field if an amount different from the calculated amount is needed. If this field is used, then the
Additional depreciation (Force)
 fields should also be used, if applicable.
Additional deprecation (Force)
UltraTax CS automatically calculates the additional depreciation amount for those assets associated federal C, Rent, F, 4835, and K1 screens. On the federal screens in the
State use code
 field there must be code
19
 and a 7-digit city account number entered to be included in the calculation. Enter an amount in this field if an amount different from the calculated amount is needed. If this field is used, then the
Federal section 168(k) bonus depreciation (Force)
 field should also be used, if applicable.

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