Form Pa-20s/pa-65 Schedule Rk-1 And Nrk-1 - Resident And Nonresident Schedules Of Pa S Shareholder/partnership/beneficiary Pass Through Income, Loss And Credits - 2006 Page 15
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16PA-65 Corp
Directory of Corporate Partners - Line Instructions
The following instructions follow the format of the top section of the PA-65 Corp.
The partnership must provide its complete identification information including:
partnership FEIN,
partnership business name, and
partnership
address.
The following instructions follow the format of the remaining section of the PA-65 Corp.
Attach a complete Federal Form 1065 and the Schedule K-1 for each corporate partner. If
additional space is required, copy the PA-65 Corp.
1. List each corporate partner. Enter the following information for each corporate partner:
the FEIN;
the PA Account #;
the amount of Nonfiling Corporation Withholding. Use whole dollar amounts only; and
the corporate partner name and address.
The PA Account # should be provided for every corporate partner. If the corporate partner does
not have a PA Account #, leave this field blank. Enter the amount of PA corporate tax withheld for
each corporate partner. See Withholding Provisions below.
Withholding Provisions
Under Act 46 of 2003, entities that are classified as partnerships for federal income tax purposes
must withhold and remit PA CNI tax from nonfiling corporate partners subject to CNI tax.
IMPORTANT: This withholding requirement applies to taxable years
beginning after December 31, 2003.
If the corporate partner has a PA Account # and signs a statement that it is in compliance with
the PA CNI tax filing requirements of Article IV of the Tax Reform Code of 1971, as amended, the
partnership does not withhold from the corporation. However, if the Department later determines
that the corporation failed to file its RCT-101, PA Corporate Tax Report, the partnership must pay
the CNI tax due, plus any applicable interest and penalty.
If the corporate partner does not have a PA Account #, the partnership must withhold CNI tax.
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125
2006 - PA-20S/PA-65
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