Instructions For Pa20s/pa-65 Schedule Rk-1 - 2013

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20
013
Pennsylva
ania Departm
ment of Reve
nue
I
Instruc
ctions fo
or PA-2
20S/PA
A-65 Sc
chedul
e RK-1
1
Residen
nt Schedu
ule of Sha
areholder/
Partner/B
Beneficiary
y
Pa
ss Throug
gh Income
e, Loss an
nd Credits
s
Wh
hat’s New
w
W
Who Sho
ould Rec
ceive
Informatio
on Return doe
s not need to
be issued
to C corporat
ion taxpayers
The P
PA Departmen
nt of Revenue
will
P
PA Sched
dule RK-
-1
unless a c
redit from the
e PA-20S/PA-
begin
n issuing Reve
enue ID’s in th
his
65 Schedu
ule OC has bee
en allocated.
A
A PA-20S/PA-6
65 Schedule R
RK-1 must
calen
ndar tax year.
If you receive
ed a
Partnershi
ps, PA S corp
orations,
b
be completed f
for every Pen
nsylvania
letter
r with your ne
ew ten digit
estates, tr
rusts and/or li
mited liability
y
r
esident owner
r in a partners
ship, S
Reve
nue ID, pleas
e begin using
it on
companies
s must submit
t PA-20S/PA-
c
corporation, es
state, trust, a
nd/or
all ap
ppropriate form
ms and sched
ules
65 Schedu
ule RK-1 with
the applicable
e
e
entity formed
as a limited li
ability
requi
ring this infor
rmation.
Pennsylva
nia tax return
ns.
c
company class
sified as a part
rtnership
Th
he department
t will no longe
er
If a C c
corporation ta
axpayer
o
or S corporatio
on for federal
income
accep
pt PA Schedul
es RK-1/NRK-
-1 in a
receives a
PA-20S/PA-6
65 Schedule
ta
ax purposes.
CD fo
ormat. Entities
s should file
RK-1, the
amount from
Line 9, Total
A copy of t
he PA-20S/PA
A-65
electr
ronically or on
n fill in forms.
Other Cred
dits, must be
reported on
S
Schedules RK-
-1 for each pa
rtner/
Pleas
se reference In
nformational N
Notice
the approp
priate Pennsy
lvania tax
m
member/share
eholder (owne
er) must
PIT 2
2013-02.
return.
a
accompany the
e entity’s PA-2
20S/PA-
6
65 Information
n Return. Own
ners must
No
ote.
G
eneral In
nformat
tion
The entity
y can issue
r
eceive a copy
y or copies to p
prepare
P
Pennsylvania t
tax or informa
ation
eith
her a PA-20S/
/PA-65
Schedule R
RK-1 or NRK-
1 for the C
r
eturns. The PA
A S corporatio
on or
Pur
rpose of
f Schedu
le
p
partnership mu
ust also retain
n a copy
corporatio
n. For most p
practitioners,
Partn
nerships and S
S corporations
s use
o
of all PA-20S/P
PA-65 Schedu
ules RK-1
the determ
mining factor i
in whether a
PA Sc
chedule RK-1
to report inco
ome
a
as part of the
entity’s record
ds.
PA-20S/PA
A-65 Schedule
e RK-1 or PA-
and l
osses by class
s of income to
o each
In addition
, a PA-20S/PA
A-65
20S/PA-65
5 Schedule NR
RK-1 would be
e
of its
resident own
ners. A PA Sch
hedule
issued is d
dependent upo
on the
S
Schedule RK-1
1 must be com
mpleted
RK-1
is prepared f
for each indivi
dual
fo
or all resident
t owners that
are
commercia
al domicile of
the C
partn
ner or shareho
older showing
the
e
estates, trusts
, other PA S
corporatio
n. However, t
the caveat is
share
e of income (lo
osses) by clas
ss and
c
corporations, o
other partners
ships, and
that a PA-
20S/PA-65 Sc
chedule RK-1
other
r items require
ed to be repor
rted.
o
other pass thro
ough entities.
The
must be is
ssued to a cor
rporate owner
Pe
ennsylvania p
partners/mem
bers/
P
Pennsylvania-t
taxable incom
me passes
if a credit
from PA-20S/
/PA-65
share
eholders (own
ners) who are
Schedule O
OC has been a
allocated from
m
t
hrough to the
e final taxpaye
er.
indiv
iduals are sub
bject to
T
Therefore, the
immediate pa
artners
the entity.
.
Penn
sylvania perso
onal income t
ax on
a
and shareholde
ers must know
w the
their
shares of the
entity’s incom
me,
Imp
portant.
The
information
to
otal Pennsylva
ania-taxable i
ncome in
whet
her or not the
e income is ac
ctually
t
he event the f
final owner is
a
on
the PA-20S/P
PA-65
distri
buted.
P
Pennsylvania r
resident. In th
he event
Schedule R
RK-1 has no r
relevance to C
C
O
Owners who ar
re individuals
who
t
hat the final o
owner is a non
nresident
corporatio
ns except if a
credit from
resid
e in Pennsylva
ania are taxed
d on
o
of Pennsylvani
a, the owner
must
PA-20S/PA
A-65 Schedule
e OC has been
n
their
shares of the
entity’s incom
me,
k
know Pennsylv
vania-source t
taxable
allocated o
on the PA Sch
hedule RK-1,
regar
rdless of the i
ncome source
e.
in
ncome.
Line 9. Oth
herwise, the o
only
Th
he PA-20S/PA
A-65 Schedule
e RK-1
informatio
on relevant to
a corporate
provi
des each part
tner/member/
/
Note.
A
An entity that
t is the
taxpayer i
s the PA-20S/
/PA-65
share
eholder (owne
er) and entity
owner o
of another ent
tity
Schedule H
H-Corp.
owne
er their share
of income, los
sses
r
eceives both t
the PA-20S/PA
A-65
and c
credits from th
he partnership
p, PA
Part-Y
Year Res
sident
S
Schedule RK-1
1 and NRK-1.
S cor
rporation, esta
ate, trust, and
d/or
Owner
rs
entity
y formed as a
limited liabili
ty
P
PA Sched
dule RK-
-1 for
comp
pany classified
d as a partner
ship
The requir
rements are d
ifferent for PA
A
C
C Corpor
ration Pa
artners
or S c
corporation fo
or federal inco
ome
S corporat
tions and part
tnerships to
tax p
purposes.
issue PA-2
20S/PA-65 Sch
hedules RK-1
and/or NR
RK-1 to its own
ners as
P
Paper Retu
urns and
described
below.
E
Electronic F
Filed Retur
rns
T
The PA-20S/PA
A-65 Schedule
e RK-1
s
submitted with
h the PA-20S/
/PA-65
1

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