Form bpt ez 2025

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Who pays the tax. The Net Profits Tax (NPT) is imposed on the net profits from the operation of a trade, business, profession, enterprise, or other activity by: Philadelphia residents, even if their business is conducted outside of Philadelphia. Non-residents who conduct business in Philadelphia.
Form 8879 is used to authorize the electronic filing (e-file) of original and amended returns. Use this Form 8879 (Rev. January 2021) to authorize e-file of your Form 1040, 1040-SR, 1040-NR, 1040-SS, or 1040- X, for tax years beginning with 2019.
Form 1040EZ (prior to tax year 2018) is the simplest version of this essential tax form.
Forms 1040A and 1040EZ are no longer available. Taxpayers who used one of these forms in the past will now file Form 1040.
The process for filling out Form 1040 can vary in complexity, depending on factors such as your clients adjusted gross income (AGI), filing status, and deductions or credits they qualify for. The process is pretty straightforward for people with simple income streams.
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You can generally use Form 1040EZ if: Your taxable income is below $100,000; Your filing status is single or married filing jointly; You are not claiming any dependents; and Your interest income is $1,500 or less. You claim adjustments to income for IRA contributions and student loan interest.
If your taxes are simple, you can just file a form 1040EZ. If theyre more complicated, you must file the regular 1040. If you itemize deductions, you need to file Schedule A. If you own a small business (that is an individual proprietorship and not a corporation, etc), you need to file Schedule C.
The simplest IRS form is the Form 1040EZ. The 1040A covers several additional items not addressed by the EZ. And finally, the IRS Form 1040 should be used when itemizing deductions and reporting more complex investments and other income.

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