Pennsylvania Business Form Help
The following information has been provided to assist in the preparation of Pennsylvania Business Returns.
Pennsylvania Corporate Tax Report help. CrossLink supports the filing of Form RCT-101 for filers of federal Forms 1120, 1120S, and 1065. This form will automatically load for all returns with federal Forms 1120 and 1120S, and for all returns with federal Form 1065 with the limited liability company indicator checked on Schedule B.
Check any applicable boxes in this section. If this is an amended report, checking this box will load Form REV-1175, Schedule AR to explain any changes to the RCT-101. Note that any changes to corporate net income must be reported on Form RCT-128.
The box indicating a federal extension has been granted will automatically check if federal Form 7004 is present in the return. If Form 7004 was filed separately, this box can be checked manually. Pennsylvania recognizes the extension to file provided by the filing of federal Form 7004. Because the extension does not allow additional time to pay, any balance due with the extension must be filed on Form REV-853.
If the box indicating this is an initial return has been checked on the federal main form 1120, 1120S, or 1065, the box for Initial Return on Form RCT-101 will check as well. If this the first return for Pennsylvania but not overall, this box can be manually checked.
Provide the seven- or ten-digit Revenue ID assigned to this entity. If filing Form PA-20S/PA-65, this data will flow from the Revenue ID entered on that form.
Enter in Column B the amount of estimated payments made for each tax type. The total amount of taxes reported as paid to Pennsylvania from the State Estimated Tax Payments worksheet will carry to the CNI row of Column B. Amounts entered on the CS/FF and LOANS rows will reduce the amount on the CNI row.
Any net refund for Form RCT-101 will default to the Refund line. However, a portion or all of the available refund may be transferred to this entity’s tax for next year by entering an amount on the Transfer line. Any amounts entered here will reduce the net refund shown on the Refund line.
If opting out of electronic filing, check the box and Form 8879-C will be removed from the return.
Record the book income for all tax periods totaling up to five years (including the current year). Do not include periods beginning prior to 5 years before the end of the current tax period. Current year information will calculate based on data provided on the Client Data Screen and the Income Statement.
Check the applicable boxes if this entity is a family farm, a qualified holding company, or if the entity’s only activity within Pennsylvania is an investment in an LLC. If the entity is a qualified holding company, the apportionment factor used for determining the CS/FF tax will be set to 10%.
Select any of the applicable boxes describing the filing entity. If any of the boxes are checked, Section C will clear unless this entity is an S corporation with built-in gains. The boxes indicating that this is a multi-member LLC and that this entity has taxable built in gains will calculate based on information provided in the federal return. Line 1 of Section C will calculate either the income from federal Form 1120 or the built-in gains from federal Schedule D, based on the type of filer. Most of the remaining information will calculate automatically based on data entered on the federal return.
Question 1 should be answered by all entities not organized within Pennsylvania. If the answer to Question 1 is “Yes”, Questions 2 and 3 should be answered. If the entity is organized within Pennsylvania, Questions 2 and 3 should be answered and Question 1 should be left blank.
If the answer to either Question 2 or Question 3 is “Yes”, complete the table indicating the interest paid and the interest rate for any applicable loans. The Loans Tax will automatically calculate, including the reduction for the Treasurer’s Commission, based on the information entered on the table.
If this entity is apportioning or allocating income to Pennsylvania and other states, Form RCT-106 will automatically load into the return and calculate to these schedules based on the type of apportionment chosen. If this entity is eligible for the special manufacturing exemption, Forms RCT-102 and RCT-105 can be loaded from these schedules as applicable.
All filers should indicate whether or not this is a final RCT-101. If the answer to this question is “Yes”, the applicable questions relating to transaction of business and holding of assets should be answered, depending on the state of organization of the entity. If the answers to these questions are “Yes”, the corresponding dates should be provided. Form REV-861, Schedule DA, will load automatically if the entity is filing its final report and ever held assets.
The question relating to the sale or transfer of more than 50% of any class of assets should be answered by all filers. If the answer to this question is “Yes”, complete the information that applies to the purchaser of these assets.
All filers, regardless of state of organization, should complete the description of corporate activity within Pennsylvania. If the Allocation & Apportionment Worksheet has been loaded into the return, the filer must also provide a description of corporate activity outside of Pennsylvania, as well as a complete list of all other states wherein the entity has activity.
Questions 1 through 4 in Section F are required to be answered by all filers. If the answer to Questions 1 or 2 is “Yes”, Schedule X will load into the return and must be completed. If the answer to Question 4 is “Yes”, the entity must provide ending dates for tax periods for which changes made by the federal government have not been reported to Pennsylvania.
All filers must indicate what method of accounting has been used to maintain the financial statements. This field will default to the same as the method used on the federal tax return, but may be changed if appropriate.
If this entity holds any real property within Pennsylvania, the Schedule of Real Property in PA must be completed. Indicate whether each property is owned (“O”) or rented (“R”), and provide the address, city, and county. An F3 list is available to select the applicable county within Pennsylvania.
Entities filing federal Form 1120 or Form 1120S must provide the officers’ information in Section F. Because this information is included with Form RCT-101, Pennsylvania Form REV-1605 is not required to be filed by the entity.
Form RCT-101I, Inactive Pennsylvania Corporate Tax Report, should be filed by corporations performing no business and owning no assets anywhere. Note that using this form will remove Form RCT-101 from the return. Electronic filing of this form is available in lieu of filing Form RCT-101.
Check all applicable boxes in this section. The boxes indicating a first report or an address change will calculate automatically based on data entered on the federal return.
Provide the seven- or ten-digit Revenue ID assigned to this entity. If filing Form PA-20S/PA-65, this data will flow from the Revenue ID entered on that form.
Enter in Column B the amount of estimated payments made for each tax type. The total amount of taxes reported as paid to Pennsylvania from the State Estimated Tax Payments worksheet will carry to the CNI row of Column B. Amounts entered on the CS/FF and LOANS rows will reduce the amount on the CNI row.
Any net refund for Form RCT-101 will default to the Refund line. However, a portion or all of the available refund may be transferred to this entity’s tax for next year by entering an amount on the Transfer line. Any amounts entered here will reduce the net refund shown on the Refund line.
Complete Step I for all filers who are filing Form RCT-101. Lines 1, 2, 6, 8 and 9 must be completed by all filers.
All filers must indicate whether this is a final report. If the answer to that question is “Yes”, the applicable questions concerning the transaction of business and holding of assets must be answered, depending on the state of organization of the entity.
Entities filing federal Form 1120 or Form 1120S must provide the officers’ information in Section F. Because this
information is included with Form RCT-101I, Pennsylvania Form REV-1605 is not required to be filed by the entity.
Use Form RCT-128C, Report of Change in Corporate Net Income Tax, to report any changes in the Corporate Net Income tax as a result of changes made by the federal government. This form is not eligible for electronic filing.
Record the correct amounts in determining Pennsylvania Corporate Net Income tax in Section B of Form RCT-128C. The amounts as originally reported will flow from the RCT-101 originally filed and loaded into the return.
Record in this section any depreciation relating to IRC Section 168k property. Use amounts allowed according to the information as revised by the federal government for this filer.
Section B should be completed with the correct information for this filer based on changes made by the federal government. All fields can be directly input, with the exception of total fields and the apportionment factor, which comes from Schedule C-1.
If this filer had operations in more than one state, Schedule C-1 should be completed to compute the apportionment factor for Pennsylvania. The general apportionment factor is now based solely on sales within Pennsylvania and the total sales everywhere. If eligible for single factor “special” apportionment, complete lines 4a and 4b. The apportionment factor will carry to Section B and adjust the amount of corporate net income taxable to Pennsylvania.
Use Form REV-1175, Schedule AR, to provide an explanation for filing amended Pennsylvania tax filings. Do not use this form to report changes to corporate net income tax resulting from changes made by the federal government; use Form RCT-128C if this situation applies.
Use Form RCT-102, Support of Single-Factor Manufacturing Exemption, to provide justification for exemption of certain items from the Pennsylvania Capital Stock/Foreign Franchise Tax. This form should be used if the entity qualifies for the manufacturing exemption and either elects to use the single factor manufacturing exemption or does not qualify for the three-factor manufacturing exemption provided on Form RCT-105.
Use Form RCT-103, Net Operating Loss Schedule, to record carried forward operating losses to be deducted in the current tax period.
Enter the tax year beginning and ending dates starting with calendar year 1998 or the first year the entity was in existence, whichever is more recent. Once a date is entered on line 1, the remainder of columns A and B will populate automatically. Subsequent rows can be changed to reflect changes in the entity’s taxable period, and the remainder of each column will update accordingly.
Use Form RCT-105, Three-Factor Capital Stock/Foreign Franchise Tax Manufacturing Exemption Schedule, to provide justification for exemption of certain items from the Pennsylvania Capital Stock/Foreign Franchise Tax. This form should be used if the entity has activity in at least one other state and qualifies for the manufacturing exemption. If the entity does not have activity in at least one other state, but still qualifies for the manufacturing exemption, Form RCT-102 should be used.
Use Form RCT-106, Insert Sheet/Apportionment of Taxable Income, if apportioning income between multiple states, or if claiming the manufacturing exemption for the assets listed in Schedules 1 and 2.
If apportioning income on Form RCT-106, the applicable tax type(s) to which the apportionment factors apply must be selected under “Tables Supporting Determination of Apportionment Percentage.”
Form REV-798 contains two schedules to be filed with the RCT-101 corporate tax report: Schedule C-2, Pennsylvania Dividend Deduction Schedule and Schedule X.
Schedule C-2 will automatically complete based on information entered on the Income Statement and Form 1120, Schedule C. Amounts on lines 13 and 14 of federal Schedule C will total to line 3 of Pennsylvania Schedule C-2; amounts entered on lines 4 and 5 will reduce the amount shown on line 3.
Complete the applicable part of Schedule X if Question 1 or 2 of Form RCT-101, Schedule F, is answered “Yes”.
Form REV-799 contains two schedules to be filed with the RCT-101 corporate tax report: Schedule C-3, Adjustment for Bonus Depreciation and Schedule C-4, Adjustment for Disposition of Section 168(k) Property & Recapture of Depreciation on Listed Property.
Schedule C-3 will automatically complete based on information entered on the asset worksheet. Note that only the current year row automatically populates. Prior year information should be entered on the appropriate lines to ensure a correct balance at the end of the current year.
Schedule C-4 will automatically complete for assets which have a date of sale, disposition, or removal from service in the Asset Manager. The total adjustment in column F will transfer to column G of Schedule C-3 in the line for the current tax period.
Form REV-860 contains three schedules to be filed with the RCT-101 corporate tax report: Schedule C-5, Schedule of Taxes; Schedule OA, Other Additions; and Schedule OD, Other Deductions.
Schedule C-5 will load if a deduction for taxes is claimed on the federal return. The total taxes deducted must be itemized on Schedule C-5 according to type of tax. The total taxes deducted that are based on net income will be added to corporate net income on Form RCT-101, Section C.
Use Schedule OA to itemize additions to corporate net income not otherwise identified on Form RCT-101, Section C. The total of Schedule OA will be added to corporate net income on Form RCT-101, Section C, line 3e.
Use Schedule OD to itemize deductions from corporate net income not otherwise identified on Form RCT-101, Section C. The total of Schedule OD will be subtracted from corporate net income on Form RCT-101, Section C, line 2d.
Use Form REV-861, Schedule DA – Disposition of Assets, to report the disposition of assets in the final reporting year of a filing entity.
If this is a final report and either question on Form RCT-101, Section E, pertaining to whether assets were held is answered “Yes”, Form REV-861 will load into the return and the first table will calculate based on information recorded in the Asset Manager. The question for whether each asset’s disposition was reported on federal Schedule D/Form 4797 will default to “Yes”; this field can be changed to “N” if necessary.
The questions after the first table must be answered for all entities filing Schedule DA.
Use Form REV-934, Schedule of Nonbusiness Income, to report all nonbusiness income or loss allocated to Pennsylvania or other states. The information on this form will calculate from the Allocation & Apportionment worksheet based on the codes and states entered. Rents and royalties from the Allocation & Apportionment worksheet will default as tangible personal property on Form REV-934; amounts entered on line 1, columns A and B, will reduce the amounts reported on line 2, columns A and B.
Form REV-860 contains two schedules to be filed with the RCT-101 corporate tax report: Schedule A-2, Reconciliation of Retained Earnings of a Federal Subchapter S Corporation, and Schedule A-3, Adjustments to Net Income per Books.
Schedule A-2 should only be completed by federal Form 1120S filers that have a difference between net income per books and the change in retained earnings plus distributions.
Schedule A-3 should be completed by entities that must adjust the federal net income per books reported on Schedule M-1 or Schedule M-3 to arrive at the net income per books reported on Form RCT-101.
Form REV-986, Schedule to Support Claim of Exemption from Corporate Net Income Tax Under P.L. 86-272, should be completed by all filers who check the box on Form RCT-101, Section C, indicating the only activity in Pennsylvania is solicitation protected under P.L. 86-272. If that box is selected, Form REV-986 will automatically load into the return.
Use Form REV-853, Corporation Taxes Annual Extension Request, to pay any balance due on a return under a federal extension, or to obtain a 60-day extension of time to file Form RCT-101. If the total balance due exceeds $1,000, the payment must be made electronically.
This form can be electronically filed for entities that are filing federal Form 1120.
Use Form REV-857, Corporation Taxes Estimated Tax, to figure the amounts to pay for estimated Capital Stock/Foreign Franchise and Corporate Net Income tax for the entity’s next tax year. Select which option to use on the worksheet: Option 1 may be used to directly enter the amount of tax estimated for next year; Option 2 will utilize the current year’s amount, and adjustments may be made to result in the amount to be paid each quarter.
Quarterly estimated payments for the following tax year can be scheduled on Form PA-8879-C and transmitted with Form RCT-101 or FORM PA-20S/PA-65 if filing Form RCT-101 as well.
Use Form PA-8879-C to authorize the electronic transmission of Form RCT-101 or Form RCT-101I. If the return shows a balance due, OR if the taxpayer wishes to schedule electronic estimated payments for next year (federal Form 1120 filers only), electronic funds withdrawal can be elected by checking the box for electronic funds withdrawal and providing the necessary banking information. Note that if requesting electronic funds withdrawal for PA-20S/PA-65 return(s) in addition to Form RCT-101, banking information and requested payment date on Form PA-8879-C and Form PA-8879-P must be the same.
Only payments with a withdrawal date listed will be scheduled for electronic filing.
Complete the Officer Information in Part II, and record the date of signature in both Part II and Part III.
Pennsylvania S Corporation/Partnership Information Return help. CrossLink supports the filing of Form PA-20S/PA-65 with federal Forms 1120S and 1065.
Check any applicable boxes in this section. Enter the seven- or ten-digit Pennsylvania Revenue ID in the appropriate box. The date activity began in Pennsylvania must be provided.
If this entity has operations both inside and outside Pennsylvania, the question pertaining to the nature of the owners must be answered.
If all operations occur within Pennsylvania and if there are no owners described in the question pertaining to the nature of the owners, complete Part I and Part III, as applicable. Do not complete Part II. Pennsylvania S corporations with previously disallowed CNI deductions should report that amount on line 1d.
If operations occur both inside and outside Pennsylvania, or if there are owners described in the question pertaining to the nature of the owners, complete Part II in addition to Part I. Complete Pennsylvania Schedule M (PA-20S/PA-65) to properly apportion Pennsylvania business income. The Pennsylvania-source previously disallowed CNI deductions for Pennsylvania S corporations should be input directly on line 2g. The amount on line 1d of Part I will default to the outside PA column on line 2c, and will reduce by the amount input directly on line 2g.
Regardless of whether this entity has operations in multiple states, income or loss other than business income or loss must be allocated in Part III. Link to each applicable schedule from the corresponding line to properly allocate income or loss as either Pennsylvania source or outside-Pennsylvania.
Complete Schedule OC (PA-20S/PA-65) to claim credits to be passed through to the owners. Enter on line 13b any credit as a result of composite returns filed in other states on behalf of the individual owners. Complete Schedule NW (PA-20S/PA-65) to figure the amounts to report on lines 14b and 14c.
All entities must complete the applicable questions on Part VII. Some questions will automatically calculate based on information provided elsewhere in the return.
Pennsylvania S corporations should complete this section based on Pennsylvania rules. As a result, these numbers will not typically correlate to the amounts reported on federal Schedule M-2, and are not calculated from that schedule.
All entities that have passed through income or loss to this filer must be listed on Part IX. This information will automatically flow from the amounts entered on K-1 (1041) and K-1 (1065) on the federal return.
The Pennsylvania Partner/Member/Shareholder will automatically load and complete for all filers of Form PA-20S/PA-65. The code for each owner is determined on the 20S Sch K-1 and 65 Sch K1 worksheets.
The Pennsylvania Directory of Corporate Partners will automatically load for filers who are filing federal Schedule 1065, and will complete based on information entered on federal Schedule K-1 and the Pennsylvania 65 Sch K1. If the “RCT-101 filed” box is checked, no amount will be included in the “Non-filing Corporation CNI Withholding” field. Note that this box should only be checked if the partnership is 100% owned by corporate partners.
If the pass through entity is owned entirely by corporate partners, Form PA 65-Corp can be filed electronically in lieu of filing Form PA-20S/PA-65. Select the box on Form PA-8879-P to indicate this filing option. Note that once a PA-65 Corp has been successfully electronically filed, Form PA-20S/PA-65 cannot be subsequently electronically filed for the same entity.
If Form PA 65-Corp is being included as a submission with Form PA-20S/PA-65, do not select the box indicating filing of Form PA 65-Corp only.
These schedules should be used to report income received from an estate or trust, according to Pennsylvania rules. Pennsylvania does not recognize the classification of income from federal Schedule K-1 (1041); income must be classified on RK-1 and NRK-1 for correct distribution on the PA-20S/PA-65.
A Schedule RK-1 and NRK-1 will load for each copy of K-1 (1041) present on the federal return. Income from the K-1 (1041) will total to the line for “Estate and trust income.” This number can be adjusted manually to reflect the actual RK-1 and NRK-1 received.
These schedules should be used to report income received from another partnership or S corporation, according to Pennsylvania rules. Pennsylvania does not recognize the classification of income from federal Schedules K-1 (1065 and 1120S); income must be classified on RK-1 and NRK-1 for correct distribution on the PA-20S/PA-65.
A Schedule RK-1 and NRK-1 will load for each copy of K-1 (1065) present on the federal return. Income from the K-1 (1065) will total to the applicable lines on Schedules Ptnr RK-1 and NRK-1. This number can be adjusted manually to reflect the actual RK-1 and NRK-1 received.
Use PA-20S/PA-65 Schedule A to report interest income according to Pennsylvania rules. Information from the federal return and from Pennsylvania Schedule M (PA 20S/65) will flow to the appropriate lines on this return. Interest income exempt from either federal taxation or Pennsylvania taxation should be itemized on the applicable tables.
Use PA-20S/PA-65 Schedule B to report dividend and capital gains distribution income according to Pennsylvania rules. Information from the federal return and from Pennsylvania Schedule M (PA 20S/65) will flow to the appropriate lines on this return. Dividend income exempt from either federal taxation or Pennsylvania taxation should be itemized on the applicable tables.
Use PA-20S/PA-65 Schedule D to report gain or loss from the sale, exchange, or disposition of property according to Pennsylvania rules. Information from the federal return and from Pennsylvania Schedule M (PA 20S/65) will flow to the appropriate lines on this return.
Information from sales reported on the federal return will default to Part I, and will be considered Pennsylvania source income. Amounts entered in Part III will reduce the amounts in Part I accordingly.
Parts II and IV should be used to show any adjustments necessary to sales reported on Part I and III so that the correct amount of Pennsylvania gain or loss is reflected on Form PA-20S/PA-65.
Use PA-20S/PA-65 Schedule E to report rental and royalty income. A copy of this form will automatically load for every copy of Form 8825 used on the federal return. The information here should match that reported on federal Form 8825. Adjustments for Pennsylvania rules should be made on Schedule M (PA 20S/65), Part B.
Use PA-20S/PA-65 Schedule H to apportion business income or loss and figure Pennsylvania net business income or loss. Information on this form will calculate from data entered on the Allocation & Apportionment worksheet. Amounts entered on Table 1, line 4, will reduce the amount reported on Table 1, line 2.
Note that although sales factor is the only determining factor for CNI tax purposes, Schedule H still utilizes the three-factor apportionment method.
If this filer has corporate partners, Schedule H-Corp must be completed and provided to these partners in order for them to accurately complete their own Form RCT-101 filing. Information on this form will transfer from the Allocation and Apportionment worksheet.
Use PA-20S/PA-65 Schedule J to report income from estates and trusts. This schedule will automatically complete with information entered on the Bene RK-1 and Bene NRK-1. Information can be directly input if a Pennsylvania Schedule RK-1 or NRK-1 was not received from the estate or trust.
PA 20S/65 Sch K-1 is a CrossLink worksheet designed to facilitate the accurate completion of PA 20-S/PA-65 Schedules CP, RK-1, and NRK-1.
All owners must indicate their state of residency, their owner type code, and which Pennsylvania schedules should be completed based on Pennsylvania filing requirements. Each of these fields will default based on information provided on federal Schedule K-1, but can be changed to reflect accurate information if necessary. These fields will carry to the Pennsylvania Partner/Member/Shareholder Directory and Pennsylvania Schedule 65-Corp.
Select the correct schedules to be filed for this owner. CrossLink will automatically select Schedule CP for corporate partners, and will select either RK-1 or NRK-1 for all owners based on the owner’s state of residency. Some entities require both schedules RK-1 and NRK-1 to be filed; see Pennsylvania instructions for Form RK-1 and NRK-1 for additional details.
Distributions and guaranteed payments will automatically transfer from federal Schedule K-1 (Form 1065). Amounts entered on the lines for guaranteed payments for services rendered and guaranteed payments to the retired partner will reduce the amounts recorded on line 11.
Distributions of cash, marketable securities, and property will transfer to line 15 from federal Schedule K-1 (Form 1120S). Distributions are assumed to be from the Pennsylvania Accumulated Adjustments Account, but the amount recorded on line 14 can be changed to reflect accurate information according to the entity’s records.
Amounts in Part IV and Part IV will be reported on Schedule RK-1 or NRK-1, depending on which form is selected for filing under Part II.
Schedule CP should be completed for all corporate partners. Enter the date that the corporation became a partner. If the corporation filed Form RCT-101, check the box indicating this. The information from Schedule CP will populate Pennsylvania 65-Corp, Directory of Corporate Partners.
Schedule RK-1 will automatically complete for individuals with a residency in Pennsylvania and entities organized in Pennsylvania. No additional input is necessary on this form.
Schedule NRK-1 will automatically complete for individuals with a residency outside Pennsylvania and entities organized in states other than Pennsylvania. Nonresident tax withheld for this shareholder or partner should be reported on line 6.
Use PA-20S/PA-65 Schedule M to classify income reported on the federal return according to Pennsylvania rules. Information reported on federal Schedule K will default to the applicable lines on Part A; correctly classify income in each column to reduce the default amount. Income received from pass through entities will automatically appear in column (b) to be subtracted out on Part B for correct reporting elsewhere.
Because gain or loss from the disposal of Section 179 property is separately stated here for Pennsylvania purposes, the amount reported on Schedule K of Form 1120S and Form 1065 must be classified as either ordinary or 1231. The amounts in these fields will reduce lines 1 and 10 accordingly; the full amount of gain or loss from disposal of Section 179 assets will transfer to the “Included in ordinary” field, and will be reduced by the amount entered in the “Included in 1231” field.
The worksheet for adjusting federal classified income or loss to Pennsylvania net business income or loss will load automatically if any income or loss is classified under column B of PA-20S/PA-65 Schedule M, Part A.
If the entity uses independent books and record for tracking Pennsylvania income or loss, enter that information in the “PA allocated income (loss)” column; if that column is used, the “Total business income (loss) before apportionment” column will clear.
Adjustments that can be calculated from the federal return will automatically flow to this worksheet. Note that total adjustments will appear on the Business Income (Loss) worksheet; amounts entered on the Rental Income (Loss) worksheet will reduce these amounts.
The worksheet for adjusting federal classified income or loss to Pennsylvania rental income or loss will load automatically if any income or loss is classified under column F of PA-20S/PA-65 Schedule M, Part A.
If the entity uses independent books and record for tracking Pennsylvania income or loss, enter that information in the “PA allocated income (loss)” column; if that column is used, the “Total business income (loss) before apportionment” column will clear.
Adjustments that can be calculated from the federal return will automatically flow to this worksheet. Note that total adjustments will appear on the Business Income (Loss) worksheet; amounts entered on the Rental Income (Loss) worksheet will reduce the amounts on the Business Income (Loss) worksheet.
Use PA-20S/PA-65 Schedule NW to reconcile the amount of tax due for nonresident individuals, estates, and trusts to the payments made over the course of the year on their behalf. Itemize dates and amounts in the table on line B, and any remaining amount due will transfer from line C to Form PA-20S/PA-65.
Use PA-20S/PA-65 Schedule OC to record the amount of other credits available to be passed through to the owners. The total credits will transfer to Form PA-20S/PA-65 and will be allocated pro rata to the owners on Schedules RK-1 and NRK-1.
Use PA-20S/PA-65 Schedule T to record taxable gambling and lottery winnings. The amounts allocable to Pennsylvania and to all other states will transfer to the applicable lines on Form PA-20S/PA-65.
Use Form REV-1190 to itemize taxes deducted on the federal return according to Pennsylvania rules. All taxes should be reported individually on the table in Part 2, and should indicate how much of the tax levied was based on net income or not based on net income. Taxes based on net income are not deductible for Pennsylvania purposes. The total taxes not deductible will appear as an addition on PA-20S/PA-65 Schedule M, Part B, Section E, line a.
Use Form PA-40 NRC to file a consolidated income tax return for electing nonresident individuals. This form will load automatically if the box indicating an election to be included on the nonresident consolidated income tax return has been checked on any Schedule K-1 with nonresident individual owner. All nonresident individual owners will be listed on Form PA-40 NRC-I, regardless of participation in the consolidated return; amounts on Form PA-40 NRC itself, though, are based strictly on electing individuals’ information.
Form PA-40 NRC and Form PA-40 NRC-I are not eligible for electronic filing. These forms must be printed and mailed to the state.
Use Form REV-276 to request an extension of time to file Form PA-20S/PA-65 or Form PA-40 NRC. This form is not eligible for electronic filing and must be mailed to the state.
Use Form REV-414(P/S) to figure the amount of withholding for next year for the nonresident owners of the partnership or S corporation. This form can be duplicated for a total of four quarterly payments. Information entered on the first occurrence will be reflected on the subsequent occurrences, with the exception of the date of withdrawal for payment of the estimated tax.
Each occurrence of Form REV-414 can be independently electronically filed with or after the transmission of Form PA-20S/PA-65.
Use Form PA-8879-P to authorize the electronic transmission of Form PA-20S/PA-65, Form PA 65-Corp, and REV-414(P/S) (also referred to as PA 65 ESR). If the return shows a balance due, electronic funds withdrawal can be elected by checking the box for electronic funds withdrawal and providing the necessary banking information.
Only payments with a withdrawal date listed will be scheduled for electronic filing.
Complete the Officer Information in Part II, and record the date of signature in both Part II and Part III.