General Information For Rct-125 Page 4
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5RCT-125 – Line-by-Line Instruction
RCT-125-I (10-12)
Page 4 of 5
RCT-125 should be completed in the following order:
Step 1 - Complete the taxpayer information section and any applicable questions at the top of Page 1.
Step 2 - Enter the Revenue ID number and other taxpayer information in the designated fields at the top of each page.
Step 3 - Complete Page 2, Schedule A, Reconciliation of Beginning and Ending Unappropriated Retained Earnings.
Step 4 - Complete Page 2, Schedule B, Determination of Allocation Decimal.
Step 5 - Complete Page 2, Calculation of Tax.
Step 6 - Complete Page 1, Tax Liability, Payment and Overpayment sections.
Step 7 - Complete Page 3, General Information.
Step 8 - Complete Page 3, Schedule of Real Property in PA.
Step 9 - Complete the corporate officer information section, sign and date at the bottom of Page 1.
Step 10 - Complete the preparer’s information section, sign and date at the bottom of Page 2, if applicable.
Step 11 - Mail the complete report and any supporting schedules to the PA Department of Revenue.
Page 2
Schedule A - Reconciliation of Beginning and Ending Unappropriated Retained Earnings
Line 1 - Balance – Beginning of Year
Enter the beginning retained earnings.
Line 2 - Net Income per Books
Enter the net income per books.
Line 3 - Other Increases (Attach Schedule)
Enter the amount of other increases.
Line 4 - Total
Enter the sum of Lines 1 through 3.
Line 5 - Patronage Refunds
Enter the patronage refunds.
Line 6 - Transferred to Reserves
Enter the amount that was transferred to reserves.
Line 7 - Statutory Reserve
Enter the amount from the statutory reserve.
Line 8 - Other Decreases
Enter the amount of other decreases; detail of all decreases must be provided.
Line 9 - Dividends on Capital Stock Declared or Declared and Paid
Enter the dividends on capital stock declared or declared and paid.
Line 10 - Total Decreases
Enter the sum of Lines 5 through 9.
Line 11 - Balance – End of Year
Enter the difference of Line 4 minus Line 10.
Schedule B - Determination of Allocation Decimal
Line 1 - Total Gross Receipts Assignable to Pennsylvania
Enter the total gross receipts assignable to PA.
Line 2 - Total Gross Receipts from all Business
Enter the total receipts from all business.
Line 3 - Allocation Decimal
Divide Line 1 by Line 2. Carry to six decimal places.
Calculation of Tax
Line 1 - Net Income
Enter the dividends declared or declared and paid from Schedule A, Line 9.
Line 2 - Allocation Decimal
Enter the decimal from Schedule B, Line 3.
Line 3 - Net Income Allocated to Pennsylvania
Multiply Line 1 by Line 2.
Line 4 - Tax
Multiply Line 3 by 0.04. Carry the tax to Page 1, Line 1.
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