Instructions For Pa-40 Nrc - Nonresident Consolidated Income Tax Return

Nonresident Owners – Individuals.

department may be rejected and

The department’s acceptance of a

List every nonresident individual

returned to the taxpayer or tax

PA-40 NRC, Nonresident Consolidated

partner, member, or shareholder

return preparer. This may result in

Income Tax Return, is conditional

(owner) that received a PA-20S/PA-

the imposition of interest and

upon review to determine that it is a

65 Schedule NRK-1 from a PA S

penalty. In addition, unapproved tax

complete return and that all

corporation, partnership or limited

forms filed with the department may

documentation was submitted.

liability filing as an S corporation or

delay the processing of refunds.

This return is subject to

partnership for federal income tax

If you are filing any tax form other

revocation upon audit or review. The

purposes.

than an official tax form, please

department retains the right at any

review Miscellaneous Tax Bulletin

time to require the filing of a PA-40,

2008-02 on the department’s

Individual Income Tax return from

Note.

If an entity filed a PA-

website.

any of the individual partners or

40 NRC, Nonresident

shareholders.

Consolidated Income Tax Return, on

The department also retains the

behalf of its qualifying electing

Maintaining Records

right to withdraw and modify the

nonresident individual owners, the

authority to file a PA-40 NRC,

Signed Statements

owner(s) do not file the PA-40,

Nonresident Consolidated Income

Individual Income Tax Return.

Every participating nonresident

Tax Return.

individual owner must make the

Important.

The PA-40 NRC,

election to be part of the PA-40 NRC,

Important.

A participating

Nonresident Consolidated

Nonresident Consolidated Income

individual owner may not

Income Tax Return must be filed

Tax Return in writing each year. The

change the election to file

separately from all other

elections must be maintained in the

from PA-40 NRC, Nonresident

Pennsylvania tax returns.

entity files. The entity must maintain

Consolidated Income Tax Return to a

for inspection at its principal office

PA-40, Individual Income Tax Return

the following:

Assembling the PA-40

or vice versa after filing the

●

A list of all nonresident owners with

Pennsylvania tax return.

NRC, Nonresident

all pertinent information for the

Any electing nonresident

owners including the names (list by

Consolidated Income

individual owner that discovers other

last name in alphabetical order),

Pennsylvania-source income (loss) is

Tax Return

addresses, Social Security numbers,

responsible for filing a separate PA-

ownership interests, distributive

Assemble the PA-40 NRC,

40, Individual Income Tax Return for

shares of total taxable income, tax

Nonresident Consolidated Income

such Pennsylvania-source income

due before application of payments,

Tax Return in the following order:

(loss). However, the nonresident

credits, shares of tax withheld or

●

individual owners may lose the

Signed original PA-40 NRC. Do not

payments, and shares of

benefit of offsetting losses in classes

mail a photocopy.

overpayment, if any.

of income where there is income

●

PA-40 Schedule NRC-I

●

A signed statement from each

(loss) for the newly discovered

●

PA-20S/PA-65 Schedules NRK-1 for

qualified nonresident individual listed

Pennsylvania-source income (loss).

each nonresident individual owner

on the PA-40 Schedule NRC-I,

included in the filing of the PA-40

Directory of Nonresident Owners –

NRC, Nonresident Consolidated

Individuals, evidencing the

When To File

Income Tax Return.

individual’s election to join in filing a

If the due date falls on a Saturday,

Pennsylvania consolidated group

Caution.

Sunday, or business holiday, the

The department will

return for the taxable year.

entity must file its PA-40 NRC,

not accept federal Form 1065

Nonresident Consolidated Income

or 1120S Schedule K-1 because the

Note.

The department does

Tax Return, no later than midnight

federal schedule does not properly

not have an official election

on the first business day following

reflect the classified Pennsylvania-

form. It is the responsibility of the

the Saturday, Sunday, or business

taxable income amounts. Please do

entity to keep the election form it

holiday. The U.S. Postal Service

not attach the federal Schedules K-1

receives from its participating

postmark date on the envelope is

to the PA-40 NRC, Nonresident

nonresident individual owners as part

proof of timely filing. Pennsylvania

Consolidated Income Tax Return. The

of the entity’s records. Do not submit

follows the same tax year as federal

PA-20S\PA-65 Schedules NRK-1

the election form to the department.

rules.

submitted to nonresident individuals

File the current year PA-40 NRC,

should reflect Pennsylvania-taxable

Nonresident Consolidated Income

income to nonresidents.

Effect of a

Tax Return, on or before April 15,

Consolidated Return

2013 including an extension date of

Important.

Do not create a

Oct. 15, 2013.

Unless rejected, the department

substitute PA-40 NRC,

If the return cannot be filed by

considers the PA-40 NRC,

Nonresident Consolidated Income

the original due date, request an

Nonresident Consolidated Income

Tax Return that has not been

extension of time to file. See

Tax Return, a return filed on behalf

approved by the department.

Extension of Time To File.

of a group of electing nonresident

A spreadsheet is an unapproved

individuals that meet the individual

and unacceptable tax form.

filing requirements of Pennsylvania

Unapproved tax forms filed with the

personal income tax law.

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Instructions for PA-40 NRC

Instructions For Pa-40 Nrc - Nonresident Consolidated Income Tax Return - 2012 Page 2

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