Instructions For Pa-20s/pa-65 Schedule Nrk-1 - 2011 printable pdf download

2011

Pennsylvania Department of Revenue

Instructions for PA-20S/PA-65 Schedule NRK-1

Nonresident Schedule of Shareholder/Partner/Beneficiary

Pass Through Income, Loss and Credits

What’s New

Owners must receive a copy or

20S/PA-65 Schedule NRK-1 would be

copies to prepare Pennsylvania tax or

issued is dependent upon the

A short-year return oval was added.

information returns. The PA S

commercial domicile of the C

Starting with tax year 2011, the

corporation or partnership must also

corporation. However, the caveat is

entity is required to indicate if the

retain a copy of all PA-20S/PA-65

that a PA-20S/PA-65 Schedule RK-1

return is a short-year return and

Schedules NRK-1 as part of the

must be issued to a corporate owner if

indicate a beginning and ending tax

entity’s records.

a credit from Schedule OC has been

period date.

Owners that are estates, trusts,

allocated from the entity.

other PA S corporations, other

partnerships, and other pass through

Important.

The information

General Information

entities receive both PA-20S/PA-65

on the PA-20S/PA-65

Schedules RK-1 and NRK-1. The

Schedule NRK-1 has no relevance to

Purpose of Schedule

Pennsylvania-taxable income passes

C corporations. The only information

through to the final taxpayer.

relevant to a corporate taxpayer is

Nonresidents of Pennsylvania receive

Therefore, the immediate partners

the PA-20S/PA-65 Schedule H-Corp

PA-20S/PA-65 Schedule NRK-1.

and shareholders must know the

except if a credit from PA-20S/PA-65

Partners/members/shareholders

total Pennsylvania-taxable income in

Schedule OC has been allocated on

(owners) who are nonresidents of

the event the final owner is a

the PA Schedule NRK-1, Line

Pennsylvania and are individuals,

Pennsylvania resident. In the event

7. Otherwise, the only information

estates or trusts are subject to

that the final owner is a nonresident

relevant to a corporate taxpayer is

Pennsylvania personal income tax on

of Pennsylvania, the owner must

the PA-20S/PA-65 Schedule H-Corp.

their share of the entity’s

know Pennsylvania-source taxable

Pennsylvania-source income,

income.

CD Format for

whether or not the income is actually

distributed. Owners who are

Schedules RK-1

PA Schedule NRK-1

nonresident individuals, estates or

and/or NRK-1

trusts with Pennsylvania-source

for Corporate

income are taxed on their share of

Entities that have a 100 or more

Partners

the entity’s income.

owners may submit the PA Schedules

The PA-20S/PA-65 Schedule NRK-

RK-1/NRK-1 in CD format; however,

1 provides each partner/member/

Paper Returns and

they must meet the department’s

shareholder (owner) their share of

specifications. To receive the

Electronic Filed Returns

income, losses and credits from the

department’s specifications for CD

The PA-20S/PA-65 Schedule NRK-1

partnership, PA S corporation, estate,

format, please send a request to

submitted with the PA-20S/PA-65

trust, and/ or entity formed as a

RA-PTBO@pa.gov

Information Return does not need to

limited liability company that is

Only PA-20S/PA-65 Schedules

be issued to corporate taxpayers

classified as a partnership or S

RK-1/NRK-1 can be included on the

unless a credit from the PA-20S/PA-

corporation for federal income tax

CD. Do not include federal returns,

65 Schedule OC has been allocated.

purposes.

federal schedules K-1 and PA-

Partnerships, PA S corporations,

A PA-20S/PA-65 Schedule NRK-1

20S/PA-65 Information Returns.

estates, trusts and/or limited liability

must be completed for every

These documents must be sent in

companies must submit PA-20S/PA-

nonresident owner with

paper form when submitting the

65 Schedule NRK-1 with the

Pennsylvania-source income that is in

Schedules RK-1/NRK-1 in CD format.

applicable Pennsylvania tax returns.

a partnership, S corporation, estate,

The PA-20S/PA-65 Information

If a corporate taxpayer receives a

trust, and/ or entity formed as a

Return will be considered incomplete

PA-20S/PA-65 Schedule NRK-1, the

limited liability company that is

if the federal information is not

amount from Line 7, Total Other

classified as a partnership or S

included with the paper return.

Credits, must be reported on the

corporation for federal income tax

Pennsylvania offers another

appropriate Pennsylvania tax return.

purposes.

option, electronic filing, that does not

A copy of the PA-20S/PA-65

have a filing limit on the number of

Note.

The entity can issue

Schedules NRK-1 for each

PA Schedules RK-1/NRK-1.

either a PA-20S/PA-65

partner/member/shareholder

To obtain the electronic filing and

Schedule RK-1 or PA-20S/PA-65

(owner) must accompany the PA-

payment formats or to obtain

Schedule NRK-1 for the C corpor-

20S/PA-65 Information Return.

additional information on electronic

ation. For most practitioners, the

filing and payment options visit

determining factor in whether a PA-

Revenue’s e-Services Center on the

20S/PA-65 Schedule RK-1 or PA-

department’s website.

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Instructions For Pa-20s/pa-65 Schedule Nrk-1 - 2011

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