The PA-20S/PA-65 Information Return must include a complete copy of the federal Form 1120S, all supporting statements, federal Schedules K-1, and PA-20S/PA-65 Schedules RK-1 and NRK-1 received from other pass through entities. from their operations. A PA S corporation passes through any profits (losses) to resident and nonresident shareholder include their share of the income (loss) on their PA-40, Individual Income Tax Return. If a REV-976 was not filed, the foreign or domestic S corporation has a corporation tax requirement and a personal income tax requirement for Pennsylvania.įiling the PA-20S/PA-65 Information Return:Ī federal S corporation which has not elected not to be taxed as a Pennsylvania S corporation (PA S corporation) must file a PA-20S/PA-65 Information Return to report the income, deductions, gains, losses etc. § 7330.1), doing business in Pennsylvania is considered a PA S corporation unless it filed a completed REV-976, Election Not to be Taxed as a Pennsylvania S Corporation. Every domestic or foreign S corporation (72 P.S.
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