Instructions For Pa-65 Corp - Directory Of Corporate Partners

Partnership Wholly Owned

Apportionment

When To File

by C Corporations

When the partnership has at least

If the due date falls on a Saturday,

All of the partnership’s owners

one partner that is a corporation

Sunday, or business holiday, the

(partners) are C corporations or

subject to corporate net income tax,

entity must file its PA-65 Corp,

entities formed as limited liability

the partnership must also submit a

Directory of Corporate Partners, no

companies that are classified as

PA-20S/PA-65 Schedule H-Corp. The

later than midnight on the first

disregarded entities owned by C

PA-20S/PA-65 Schedule H-Corp

business day following the Saturday,

corporations.

provides the corporate partner with

Sunday, or business holiday. The

A partnership wholly owned by C

the apportionment information

U.S. Postal Service postmark date on

corporations submits PA-65 Corp

needed to complete the RCT-101, PA

the envelope is proof of timely filing.

Directory of Corporate Partners, and

Corporate Tax Report.

Pennsylvania follows the same tax

a complete copy of the partnership’s

year as federal rules.

federal Form 1065, including all

A partnership or entity formed as

Assembling the PA-65

federal schedules and federal Form

a limited liability company classified

1065 Schedules K-1. The partnership

as a partnership for federal income

Corp, Directory of

does not complete the PA-20S/PA-65

tax purposes files the current tax

Corporate Partners

Information Return.

year PA-65 Corp, Directory of

If the partnership has business

Corporate Partners, on or before April

Assemble the PA-65 Corp, Directory

operations within and outside

15, 2013.

of Corporate Partners in the following

Pennsylvania or totally within

order:

Pennsylvania, the partnership

Calendar-Year Entity

●

Signed original PA-65 Corp,

submits a complete PA-20S/PA-65

Directory of Corporate Partners. Do

A partnership or entity formed as a

Schedule H-Corp and provides a copy

not mail a photocopy;

limited liability company that is

of Schedule H-Corp to each entity

classified as a partnership for federal

●

PA-20S/PA-65 Schedule H-Corp;

partner. The PA-20S/PA-65 Schedule

income tax purposes that files on a

●

H-Corp provides the entity partner

PA-20S/PA-65 Schedule CP for

calendar year, reports all corporate

with the apportionment information

each corporate partner;

net income tax withholding

needed to complete RCT-101, PA

●

Federal Form 1065 including all

recognized between Jan. 1 and

Corporate Tax Report.

federal schedules and federal

Dec. 31.

The partnership is also required

Schedules K-1 (including all federal

A partnership or entity formed as

to file PA-20S/PA-65 Schedule CP

Schedules K-1 for all C corporation

a limited liability company classified

with PA-65 Corp, Directory of

partners) unless previously filed with

as a partnership for federal income

Corporate Partners, for each nonfiling

the RCT-101, PA Corporate Tax

tax purposes files the current year

corporate partner and provide a copy

Report; and

PA-65 Corp, Directory of Corporate

of Schedule CP to each nonfiling

●

Corporate net income tax payment

Partners, on or before April 15, 2013.

corporate partner for use in filing

for nonfiling corporate partners

The U.S Postal Service postmark date

RCT-101. A corporate partner is not

on the envelope is proof of timely

required to file PA-20S/PA-65

Important.

filing.

Do not create a

Schedule CP with the RCT-101.

If the return is not filed by the

substitute PA-65 Corp,

original due date, the department

Directory of Corporate Partners,

Important.

If the partnership

imposes late filing penalties and

which has not been approved by the

is wholly owned by C

interest charges.

department. A spreadsheet is an

corporations or limited liability

unapproved and unacceptable tax

companies filing as a C corporation,

Fiscal-Year Entity

form. No more than three corporate

the partnership does not file a PA-

partners may be entered on the PA-

A fiscal year is a period of 12

20S/PA-65 Information Return. Th

65 Corp, Directory of Corporate

consecutive months without regard

e partnership is only required to file

Partners. If additional pages are

the PA-65 Corp, Directory of

to the calendar year. The fiscal year

needed, a photocopy of the PA-65

is designated by the calendar year in

Corporate Partners.

Corp, Directory of Corporate

which it ends. A fiscal year entity

Partners, or department-approved

reports all taxable income recognized

Partnerships Without

form is acceptable.

during the fiscal year.

Corporate Partners

If you are filing any tax form

A partnership or entity formed as

If the owners of the partnership are

other than an official tax form, please

a limited liability company classified

individuals, estates, trusts, other

review Miscellaneous Tax Bulletin

as a partnership for federal income

partnerships, PA S corporations,

2008-02, issued Aug. 13, 2008, on

tax purposes that files on a fiscal

and/or other entities, and the

the department’s website.

year reports all corporate net income

partnership does not have any C

tax withholding recognized during the

corporations as partners, the

Losses, Expenses and

fiscal year.

partnership submits a complete PA-

A partnership or entity formed as

Credits

20S/PA-65 Information Return but

a limited liability company classified

does not complete a PA-65 Corp,

The partnership cannot reduce the

as a partnership for federal income

Directory of Corporate Partners.

income by losses or expenses on PA-

tax purposes files the PA-65 Corp,

20S/PA-65 Schedule CP. The

Directory of Corporate Partners, on

corporation must file its RCT-101, PA

or before the 15th day of the fourth

Corporate Tax Report to take losses

month following the close of the

and/or expenses into account.

Instructions for PA-65 Corp

- 3 -

Instructions For Pa-65 Corp - Directory Of Corporate Partners - 2012 Page 3

Related Articles

Related forms

Related Categories