Form Birt-Ez - Business Income & Receipts Tax - 2016 Page 2
ADVERTISEMENT
1
2City Account Number
2016 BIRT-EZ
TAX COMPUTATION SCHEDULES
2
4
2
1
6
If business is operated inside and outside of Philadelphia, you must file the BIRT Regular return available at
Reminder - You must use the same method (METHOD I or METHOD II) that you elected on the first Business Income & Receipts Tax return filed.
NET INCOME PORTION
Place "X" in box to indicate a loss.
.00
1.
1. METHOD II. Net Income (or loss) as properly reported to the Federal Government.................
OR
.00
2. METHOD I. Net Income (or loss) in accordance with Accounting System.................................
2.
.00
3. Statutory Net Income Deduction from Worksheet S-EZ, Line S5, below.............................
3.
.00
4. Loss Carry Forward, if any...........................................................................................................
4.
.00
5. Taxable Income or loss. (Amount on Line 1 OR Line 2 minus Line 3 minus Line 4)....................
5.
.00
6.
6. TAX DUE (Line 5 X .0639). If Line 5 is a loss, enter zero here and on Page 1, Line 1. ........
GROSS RECEIPTS PORTION
Do not report negative numbers for gross receipts.
TAXABLE GROSS RECEIPTS from:
.00
7a. Sales and/or rentals of tangible personal property...............................................................
7a.
.00
7b. Services.................................................................................................................................
7b.
.00
7c. Rentals of real property.........................................................................................................
7c.
.00
7d. Royalties................................................................................................................................
7d.
.00
7e. Gains on sales of capital business assets............................................................................
7e.
.00
7f. Gains on sales of stocks, bonds, etc. (Not applicable to individuals.)..................................
7f.
.00
7g. Dividends. (Not applicable to individuals.)...........................................................................
7g.
.00
7h. Interest. (Not applicable to individuals.)...............................................................................
7h.
.00
7 i. Other. (Describe) ____________________________________________........................
7i.
.00
8. TAXABLE GROSS RECEIPTS before Statutory Exclusion. (Add Lines 7a through 7i.).....
8.
.00
9. Statutory Exclusion (Lower of Line 8 or $100,000.00)....................................................
9.
.00
10. Net taxable Gross Receipts (Line 8 minus Line 9)...............................................................
10.
.00
11. TAX DUE. (Line 10 X .001415). Enter here and on Page 1, Line 2. ................................ 11.
Worksheet S-EZ - Use to calculate Statutory Net Income Deduction
.00
S1. Enter the lower of Line 8 above or $100,000.00............................................................
S1.
.00
S2. Enter Net Income from Line 1 or Line 2. If loss, enter zero..........................................
S2.
.00
S3. Enter Taxable Gross Receipts from Line 8 above.........................................................
S3.
.
S4. Divide Line S2 by Line S3. (Cannot be greater than 1.0000)........................................
S4.
.00
S5. Statutory Net Income Deduction (Line S1 times Line S4. Cannot exceed $100,000)....
S5.
Enter here and on Line 3, above.
Page 2
BIR-EZ 2 Rev. 7-27-2016
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial