MarkM Posted March 16, 2008 Report Share Posted March 16, 2008 I have an LLC client (partnership) that is located in Havertown but owns a commercial property in Philly. 2007 was their first year in existence. Do they have to file the BPT and/or NPT returns with the city? 2007 rental income was about $25,000 and there was no payroll, if those factors are relevant. (I practice in MA, that's why I am asking). Quote Link to comment Share on other sites More sharing options...
BobinNJ Posted March 16, 2008 Report Share Posted March 16, 2008 I have an LLC client (partnership) that is located in Havertown but owns a commercial property in Philly. 2007 was their first year in existence. Do they have to file the BPT and/or NPT returns with the city? 2007 rental income was about $25,000 and there was no payroll, if those factors are relevant. (I practice in MA, that's why I am asking). Yes. Your Partnership is probably liable for Business Privelige Tax and since it has property in the city limits, Business Use & Occupancy Tax. Visit www.phila.gov for more research and info about this. Bob Quote Link to comment Share on other sites More sharing options...
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