General Information For Rct-125 printable pdf download

General Information for RCT-125

RCT-125-I (10-12)

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NEW FOR 2012

• RCT-125 has been redesigned and is no longer year-specific.

• Line-by-line instructions for RCT-125 are now available.

• RCT-125 is available as a fill-in form on the department’s website at

• Revenue ID: For the 2012 tax year, a corporation’s Revenue ID is its seven-digit PA Tax Account ID OR a new, unique, 10-digit

number assigned by the department to a taxpayer, separate from any federally issued identification number(s) or Pennsylvania

license number(s).

As the department transitions to an integrated tax system, a 10-digit Revenue ID number will be assigned and communicated to

each taxpayer. A corporation’s PA Tax Account ID will continue to be accepted by the department on tax forms and schedules, but

upon assignment of a 10-digit Revenue ID to a taxpayer, the department will begin using the 10-digit Revenue ID on outbound cor-

respondence in lieu of referencing the Tax Account ID.

REMINDER

• REV-1175, Schedule AR, (explanation for amending) must be included when filing an amended report.

• One extension coupon (REV-426) will be used for all specialty taxes. The coupon and the tax report (RCT-125) will no longer be

mailed. These forms are available as fill-in documents on the department’s website at The REV-426

extension coupon can be filed electronically through e-TIDES at However, electronic filing of the tax

report is not available. The report should be completed using the computer-based fill-in form, printed and submitted by mail to the

department. The form can be saved electronically for your records.

• The federal Form 1120-C or federal Form 1120 must be submitted with RCT-125.

Annual Report Checklist: Make sure you include the following to file your annual report properly and completely:

• Complete RCT-125, Corporate Net Income Tax - Cooperative Agriculture Association

• Copies of federal Form 1120-C or federal Form 1120

• Corporate officer’s signature on Page 1 and preparer’s signature and PTIN on Page 2, if applicable.

All tax calculations must be shown in whole dollar amounts. An amount less than 50 cents

will be eliminated, and an amount of 50 cents or more will be rounded to the next dollar.

Imposition, Base and Rate

Cooperative agriculture association corporate net income tax is imposed at the rate of 4 percent on the net income attributable to business

transacted in Pennsylvania of incorporated cooperative agriculture associations having capital stock, and either doing business or having cap-

ital or property employed or used in Pennsylvania. This tax is imposed under the Act of May 23, 1945, P.L. 893 (72 P.S. § 3420-21).

Revenue ID, Federal Employer Identification Number (FEIN), Parent Corporation FEIN, Name and Address

The Revenue ID number, FEIN, name and complete mailing address must be provided. If the taxpayer is a subsidiary of a corporation, the

parent corporation’s FEIN must be provided. Also provide the telephone number and email address of the taxpayer.

Tax Year

Enter month, day and year (MM DD YYYY) for the tax year beginning and year (YY) for the tax year end.

Report Due Date

This report is due April 15 for an association reporting on a calendar year basis. For associations reporting on a fiscal year basis, the report

is due on or before the 15th day of the fourth month after the close of the fiscal year. If either date falls on a Saturday, Sunday or holiday,

the report is due the next business day. A 10 percent late-filing penalty will be imposed on late reports and assessed at the time of filing.

Address Change

Enter “Y” in the block on Page 1 if the address of the corporation has changed from prior tax periods. The current mailing address should

be reflected on the report.

Correspondence to Preparer

Enter “Y” in the block on Page 1 if all correspondence (notices and requests for additional information) is to be sent to the preparer’s address.

If “Y” is entered, the address recorded on Page 2 will be used.

Amended Report

Enter “Y” in the block on Page 1 if you are filing an amended report to add, delete or adjust information. Provide documentation to support

all changes being made. An amended report should only be filed if an original report was filed previously for the same period.

An amended report must be filed within three years of the filed date of the original report. The department may adjust the tax originally

reported based on information from the amended report. The taxpayer must consent to extend the assessment period. If the amended report

is timely filed and the taxpayer consented to extend the assessment period, the time period in which to assess tax will be the greater of

three years from the filed date of the original report or one year from the filed date of the amended report.

When filing an amended report, record the amended tax liability on Page 1, Line 1. REV-1175, Schedule AR, must be included when filing

an amended report.

General Information For Rct-125

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