General Information For Rct-143

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General Information for RCT-143
RCT-143-I (10-12)
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NEW FOR 2012
• RCT-143 has been redesigned and is no longer year-specific.
• Line-by-line instructions for the RCT-143 are now available.
• RCT-143 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 estimated payment coupon (REV-423) and one extension coupon (REV-426) will be used for all specialty taxes. The coupons
and the tax report (RCT-143) will no longer be mailed. These forms are available as fill-in documents on the department’s website
at The REV-423 and REV-426 coupons 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.
Annual Report Checklist: Make sure you include the following to file your annual report properly and completely:
• Complete RCT-143, Mutual Thrift Tax Report
• Attachments to be included with report:
° Reports of condition filed for each quarter for taxpayers who meet the following conditions.
• The taxpayer is filing mutual thrift institutions net income tax report for a year ending Dec. 31.
• The taxpayer files reports of condition on a separate company basis.
• The taxpayer did not enter into a business combination after Dec. 31, 1986, (which is treated as reorganization for purposes
of section 368 of the Internal Revenue Code of 1986) or a similar successor provision that is accounted for under the purchase
accounting method.
° Include the following for taxpayers not meeting the above conditions:
• An income statement for the year being reported, prepared on a separate company basis. If the taxpayer entered into a busi-
ness combination after Dec. 31, 1986, (which is treated as reorganization for purposes of section 368 of the Internal Revenue
Code of 1986) or a similar successor provision, net income or net loss must be determined by accounting for the acquisition
under the pooling of interest method.
• Balance sheets prepared on a separate company basis reporting the asset, liability and equity accounts as of the beginning of
the year and the last day of the third, sixth, ninth and twelfth month of the tax year.
• A reconciliation of the beginning and ending balances of the equity accounts
° A schedule identifying the names and interest amounts from U.S. and Pennsylvania obligations.
• 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
Mutual thrift institutions tax is imposed at the rate of 11.5 percent on net taxable income of mutual thrift institutions in Pennsylvania, includ-
ing savings banks without capital stock, building and loan associations, savings and loan associations and savings institutions having capi-
tal stock. Mutual thrift institutions are exempt from all other Pennsylvania corporate taxes and local taxes except taxes on real estate and
real estate transfers. For more information, see Section 1502 of the Tax Reform Code of 1971 (72 P.S.§ 8502).
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 tax year end.
Report Due Date
The annual report for calendar year institutions is due April 15 for the preceding year ended Dec. 31. An institution operating on a fiscal
year end must file the report within 105 days of the close of the fiscal year. If April 15 or the 105th day following the close of the fiscal year
falls on a Saturday, Sunday or holiday, the report is due the next business day. A penalty for late filing will be imposed as follows and
assessed at the time of filing: 10 percent of the first $1,000 of tax liability, 5 percent of the next $4,000 of tax liability and 1 percent on
any tax liability in excess of $5,000.
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.

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