Instructions For Rct-132b - Pennsylvania Department Of Revenue (Page 3 of 4) in pdf

Mail payments, extension requests and

For additional information and as-

Step 9 - Complete Page 1, Tax Liability,

tax report, RCT-132B, to the following

sistance with electronic payments

Payment and Overpayment section.

and extensions call 717-705-6225

address:

Step 10 - Complete the corporate offi-

(Option 6).

•

cer information section, sign and date at

PA DEPARTMENT OF REVENUE

To confirm account payments, call

the bottom of Page 1.

327 WALNUT ST FL 3

1-888-PATAXES (1-888-728-2937).

PO BOX 280407

•

Step 11 - Complete the preparer infor-

HARRISBURG PA 17128-2005

If you have questions regarding

mation section, sign and date at the

payments or refunds, call the Ac-

bottom of Page 2, if applicable.

Current Period Overpayment

counting Division at 717-705-6225

If an overpayment exists on Page 1 of

Step 12 - Mail the complete report and

(Option 5, then Option 1).

RCT-132B, the taxpayer must instruct

•

all supporting schedules to the PA

the department to refund or transfer

Requests for transfer of credit may

Department of Revenue.

overpayment as indicated below.

be faxed to the Accounting Division

PENNSYLVANIA BANK AND

at 717-705-6227.

•

Refund: Identify the amount to refund

TRUST COMPANIES SHARES

from the current tax period overpay-

If you have questions regarding ex-

TAX INSTRUCTIONS FOR

ment.

Prior

any

refund,

the

tensions, call the Extension Unit at

APPORTIONMENT.

department will offset current period

717-705-6225 (Option 4). Requests

liabilities and other unpaid liabilities

can be faxed to 717-705-6227.

•

PAGE 3

within the account.

If you have questions regarding tax

SCHEDULE A - RECEIPTS FACTOR

Transfer: Identify the amount to trans-

assessments, determinations or

MUST BE COMPLETED IN ITS

fer from the current tax period overpay-

filing requirements, call the Spe-

ENTIRETY IF CLAIMING

ment to the next tax period. Prior to any

cialty Tax Unit at 717-783-6031

APPORTIONMENT.

transfer, the department will offset

(Option 7, then Option 2).

•

current period liabilities and other

Who may apportion?

If you have general business tax

unpaid liabilities within the account.

A financial institution may apportion its

questions, call 717-787-1064.

taxable amount of shares if the

NOTE: If no option is selected,

institution is or could be subject to tax

LINE INSTRUCTIONS

the department will automatically

in another state based on or measured

transfer any overpayment to the next

by net worth, gross receipts, net income

RCT-132B should be completed in

tax year after offsetting current period

or another similar base of taxation.

the following order:

liabilities and other unpaid liabilities

(Page instructions start with Page 3.)

within the account.

Receipts Factor - The numerator is

Step 1 - Complete the taxpayer infor-

total receipts in Pennsylvania and the de-

A tax period overpayment summary will

mation and any applicable questions at

nominator is total receipts everywhere.

be mailed to the taxpayer confirming

the top of Page 1.

For purposes of apportionment, receipts

the disposition of the credit.

include all items of income reported on

Step 2 - Indicate the type of bank on

Requests for Refund or Transfer of

the income statement of the institution's

Page 1 - National Bank, State Bank,

Available Credit

Reports of Condition at the end of the

or Trust Company. This information is

Requests for refund or transfer of

preceding calendar year. For an institu-

required.

available credit from prior periods can

tion that does not file quarterly Reports

Step 3 - Enter the Revenue ID and

be faxed on company letterhead, signed

of Condition, receipts include all items of

other taxpayer information in the

by an authorized representative, to

income included on an income statement

designated fields at the top of each

717-705-6227.

determined in accordance with Generally

page.

Accepted Accounting Principles for the

Requests can also be submitted in

preceding calendar year.

Step 4 - Complete Page 4, Schedule A1.

writing to the following address:

An institution is engaged in doing busi-

Step 5 - Complete Page 3, Schedule A,

PA DEPARTMENT OF REVENUE

ness in this commonwealth and is

Receipts Factor.

PO BOX 280701

subject to the tax imposed under Article

HARRISBURG PA 17128-0701

Step 6 - Complete Page 2, Calculation

VII if it generates gross receipts

of Shares Tax Apportionment (Lines 14

apportioned to this commonwealth

Please do not duplicate requests for re-

through 16).

under Section 701.4 (see instructions

fund and/or transfer by submitting both

below for calculation of Receipts Factor)

Step 7 - Complete Page 2, Calculation

RCT-132B and written correspondence.

of End of Year Taxable Shares (Lines 1

and satisfies any of the nexus require-

•

CONTACT INFORMATION

through 9).

ments.

To make electronic payments and

file extensions electronically, visit e-

Step 8 - Complete Page 2, Calculation

For more information on the deter-

TIDES at

of Shares Tax (Lines 10 through 13).

mination of the location of receipts

RCT-132B

Instructions For Rct-132b - Pennsylvania Department Of Revenue Page 3

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