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

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20
013
Pennsylv
vania Departm
ment of Reve
enue
In
structio
ons for
PA-20
0S/PA-6
65 Sch
hedule
NRK-1
1
N
onresiden
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 Get
a
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 NRK
K-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 N
NRK-1
calen
ndar tax year.
If you receive
ed a
Partnershi
ps, PA S corp
orations,
m
must be comp
leted for ever
ry
letter
r with your ne
ew ten digit
estates, tr
rusts and/or li
mited liability
y
n
nonresident ow
wner with
Reve
nue ID, pleas
e begin using
it on
companies
s must submit
t PA-20S/PA-
P
Pennsylvania-s
source income
e that is in
all ap
ppropriate form
ms and sched
ules
65 Schedu
ule NRK-1 with
h the
a
a partnership,
S corporation
n, estate,
requi
ring this infor
rmation.
applicable
Pennsylvania
a tax returns.
t
rust, and/ or e
entity formed
as a
Th
he department
t will no longe
er
If a C c
corporation ta
axpayer
li
imited liability
y company cla
assified as
accep
pt PA Schedul
es RK-1/NRK-
-1 in a
receives a
PA-20S/PA-6
65 Schedule
a
a partnership o
or S corporati
on for
CD fo
ormat. Entities
s should file
NRK-1, the
e amount from
m Line 7,
fe
ederal income
e tax purposes
s.
electr
ronically or on
n fill in forms.
Total Othe
er Credits, mu
ust be reported
d
A copy of t
he PA-20S/PA
A-65
Pleas
se reference In
nformational N
Notice
on the app
propriate Penn
nsylvania tax
S
Schedules NRK
K-1 for each
PIT 2
2013-02.
return.
p
partner/memb
ber/shareholde
er
(
owner) must
accompany th
he entity’s
Ge
eneral In
nformati
ion
No
ote.
P
PA-20S/PA-65
Information R
Return.
The entity
y can issue
Owners mu
ust receive a c
copy or
eith
her a PA-20S/
/PA-65
c
copies to prepa
are Pennsylva
ania tax or
Schedule R
RK-1 or PA-20
0S/PA-65
Pur
rpose of
f Schedu
le
in
nformation ret
turns. The PA
A S
Schedule N
NRK-1 for the
e C
Partn
nerships and S
S corporations
s use
c
corporation or
partnership m
must also
corporatio
n. For most p
practitioners,
PA Sc
chedule NRK-
1 to report inc
come
r
etain a copy o
of all PA-20S/
PA-65
the determ
mining factor i
in whether a
and l
osses by class
s of income to
o each
S
Schedules NRK
K-1 as part of
the
PA-20S/PA
A-65 Schedule
e RK-1 or PA-
of its
nonresident o
owners. A PA
e
entity’s record
s.
20S/PA-65
5 Schedule NR
RK-1 would be
e
Sche
dule NRK-1 is
s prepared for
each
In addition
, a PA-20S/PA
A-65
issued is d
dependent upo
on the
indiv
idual partner
or shareholde
er
S
Schedule NRK-
-1 must be co
ompleted
commercia
al domicile of
the C
show
wing the share
of income (lo
osses)
fo
or all nonresid
dent owners t
hat are
corporatio
n. However, t
the caveat is
by cla
ass and other
r items require
ed to
e
estates, trusts
, other PA S
that a PA-
20S/PA-65 Sc
chedule RK-1
be re
eported.
c
corporations, o
other partners
ships. The
must be is
ssued to a cor
rporate owner
if
Pe
ennsylvania p
partners/
P
Pennsylvania-t
taxable incom
me passes
a credit fro
om Schedule
OC has been
mem
bers/shareho
lders (owners
s) who
t
hrough to the
e final taxpaye
er.
allocated f
from the entit
ty.
are in
ndividuals are
e subject to
T
Therefore, the
immediate pa
artners
Penn
sylvania perso
onal income t
ax on
a
and shareholde
ers must know
w the
Im
mportant.
The
e information
their
shares of the
entity’s
to
otal Pennsylva
ania-taxable i
ncome in
on
the PA-20S/P
PA-65
Penn
sylvania-sour
ce income,
t
he event the f
final owner is
a
Schedule N
NRK-1 has no
o relevance to
whet
her or not the
e income is ac
ctually
P
Pennsylvania r
resident. In th
he event
C corporat
tions. The only
y information
distri
buted.
t
hat the final o
owner is a non
nresident
relevant to
o a corporate
taxpayer is
O
Owners who ar
re individuals
who
o
of Pennsylvani
a, the owner
must
the PA-20S
S/PA-65 Sche
edule H-Corp
do no
ot reside in Pe
ennsylvania ar
re
k
know Pennsylv
vania-source t
taxable
except if a
a credit from P
PA-20S/PA-65
5
taxed
d on their sha
res of
in
ncome.
Schedule O
OC has been a
allocated on
Penn
sylvania-sour
ce income.
the PA Sch
hedule NRK-1
, Line
Note.
E
Entity owners
receive
7. Otherw
ise, the only i
nformation
Th
he PA-20S/PA
A-65 Schedule
e
both th
e PA-20S/PA-
-65
relevant to
o a corporate
taxpayer is
NRK-
-1 provides ea
ach partner/
S
Schedule RK-1
1 and NRK-1.
the PA-20S
S/PA-65 Sche
edule H-Corp.
mem
ber/sharehold
der (owner) a
nd
entity
y owner their
share of incom
me,
P
PA Sched
dule NRK
K-1
Part-Y
Year Res
sident
losse
s and credits
from the
f
for C Cor
rporation
n
partn
nership, PA S c
corporation, e
estate,
Owner
rs
trust,
, and/ or entit
ty formed as a
a
P
Partners
s
The requir
rements are d
ifferent for PA
A
limite
ed liability com
mpany classifi
ed as
S corporat
tions and part
tnerships to
a par
rtnership or S
corporation f
or
issue PA-2
20S/PA-65 Sch
hedules RK-1
feder
ral income tax
x purposes.
P
Paper Retu
urns and
and/or NR
RK-1 to its own
ners as
E
Electronic F
Filed Retur
rns
described
below.
T
The PA-20S/PA
A-65 Schedule
e NRK-1
s
submitted with
h the PA-20S/
/PA-65
1

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