Instructions For Form Pa-20s/pa 65 - Schedule M - Reconciliation Of Federal-Taxable Income (Loss) To Pa-Taxable Income (Loss) - 2013
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820
013
Pennsylva
ania Departm
ment of Reven
nue
Instr
ruction
s for P
A-20S/
/PA-65
5 Sched
dule M
Reco
onciliation
n of Feder
ral-Taxab
le Income
e (Loss) to
o
PA-Tax
able Inco
me (Loss
)
P
PA-20S/PA
A-65 Sched
dule M,
Wh
hat’s New
w
Lin
ne Instru
uctions
P
Part B
PA S
Schedule M
P
Part B must be
e used:
Part
A. Line 12
PART
A
●
To reconcile
e the entity’s f
federal
The l
anguage for t
this line has b
een
b
business incom
me (loss) and
Classify
ying Federa
al Income
revise
ed as follows:
“Total Federa
al
r
ental/royalty
income (loss)
) to
(Loss) f
for Pennsy
lvania
incom
me (loss) by P
Pennsylvania
P
Pennsylvania i
ncome (loss).
. If the
class
ification. Tota
l the amounts
s in
Persona
al Income T
Tax
e
entity is separ
ately allocatin
ng
each
column.”
Purpose
es
in
ncome, keeps
s separate boo
oks and
Classify, w
without adjust
ment for
r
ecords for fina
ancial stateme
ent
Going
g forward S C
orporations m
may
Pennsylva
nia personal i
ncome tax
p
purposes, and
there are no
business
take
a deduction fo
or payments m
made
rules, the
federal incom
me (loss) from
t
ransactions be
etween multip
ple
for di
iscriminatory
employee ben
nefit
federal Fo
rm 1120S, Sc
chedule K or
b
businesses, th
e “Pennsylvan
nia-
progr
rams.
federal Fo
rm 1065 Sche
edule K. The
A
Allocated Inco
me (Loss)” Co
olumn and
entity mus
st allocate or a
apportion the
t
he “Total Ren
tal Income (L
Loss) or
G
eneral In
nformat
tion
amounts f
from the feder
ral categories
T
Total Business
Income (Loss
s) Before
to the repo
ortable Penns
sylvania
A
Apportionment
t” Column will
l be
personal in
ncome tax cla
asses of
c
completed. If t
the entity is
Pur
rpose of
f Schedu
le
income. Th
he total of the
e specific
a
apportioning it
ts income, com
mplete
federal line
e items should
d equal the
The p
purpose of PA
-20S/PA-65
o
only the “Tota
l Rental Incom
me (Loss)
total of the
e federal sche
edule.
Sche
dule M is to d
etermine
o
or Total Busine
ess Income (L
Loss)
Refer t
to the PA PIT G
Guide,
B
Before Apporti
onment” Colu
umn.
Penn
sylvania busin
ness net incom
me
Chapter 16
6, Table 16-8
, Classifying
●
●
(loss)
) or rental/roy
yalty income
Rental incom
me must be all
located
Federal Sc
chedule K Line
es for
(loss)
). The PA-20S
S/PA-65 Sched
dule
b
between inside
e Pennsylvania
a and
Pennsylva
nia Personal I
Income Tax
M inc
cludes specific
c lines to recon
ncile
o
outside Pennsy
ylvania. Appor
rtionment
Purposes.
feder
ral income to
Pennsylvania
is
s not allowed.
For eac
ch line in Colu
umn (a),
incom
me. All entities
s file PA-20S/
PA-
federal inc
come (loss), a
analyze the
65 Sc
chedule M wh
ether there ar
re
Com
mpleting
g
componen
nts of the fede
eral amounts.
adjus
stments to fed
deral income (
(loss)
Then class
sify the federa
al amounts to
amou
unts or not.
PA Sc
chedule
M
the applica
able Pennsylv
ania income
Th
he entity shou
uld complete t
the
class in its
s entirety or th
he appropriate
e
appro
opriate PA-20
S/PA-65 Sche
edules
P
Part A
portion of
each amount
, without
A, B
and D for thes
se classes. Us
sing
adjustmen
nt for Pennsylv
vania
PA-20
0S/PA-65 Sch
hedule M Part
B for
personal in
ncome tax rul
es. If the
B
Business N
ame
the o
other income c
classes results
s in
entity doe
s not have to
allocate an
the im
mproper class
sification of inc
come
E
Enter the com
plete name of
f the
income (lo
oss) amount, p
place that
and r
reporting erro
rs.
e
entity or busin
ness as shown
n on the
amount in
the appropria
ate column fo
r
P
PA-20S/PA-65
Information R
Return.
the Pennsy
ylvania incom
me class. The
PA-2
20S/PA-65
5 Schedule
e M,
PA S corpo
oration or par
rtnership will
F
FEIN
Part
t A
reflect fed
eral and state
e differences
E
Enter the nine
-digit federal
employer
Part A
A must be use
ed to classify
from Colum
mn (c) throug
gh (e) on the
id
dentification n
number (FEIN
) of the
taxab
ble income (lo
oss) as shown
on
correspond
ding Pennsylv
vania
feder
ral Form 1120
0S or federal F
Form
e
entity or busin
ness as shown
n on the
schedules.
. Columns (b)
and (f) are
P
PA-20S/PA-65
Information R
Return.
1065
for Pennsylva
ania personal
reported o
on PA-20S/PA-
-65 Schedule
incom
me tax purpos
ses. The entity
y
M, Part B f
for further adj
justment as
must
t classify feder
ral amounts u
using
required.
Penn
sylvania perso
onal income t
ax
rules
. Refer to the
PA PIT Guide
e,
Chap
pter 16, Table
16-8, Classify
ying
Feder
ral Schedule K
K Lines for
Penn
sylvania Perso
onal Income T
Tax
Purpo
oses.
1
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