General Information For Rct-123

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General Information for RCT-123
RCT-123-I (11-13)
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NEW FOR 2013
The electronic funds transfer requirement was reduced from $10,000 to $1,000; all payments of $1,000 or more made after Dec. 31, 2013,
must be made electronically.
Taxpayers may request a 60-day extension to file this report by filing REV-426.
NOTE: Act 52 of 2013 — which grants an automatic PA extension to file the PA Corporate Tax Report, RCT-101, if the taxpayer has a valid
federal extension — DOES NOT apply to this tax.
REMINDER
• Revenue ID: A corporation’s Revenue ID is 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 continues to transition into an integrated tax system, a 10-digit Revenue ID will be assigned and communicated
to each taxpayer. A corporation’s seven-digit 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 correspondence in lieu of referencing the seven-digit Tax Account ID.
• REV-1175, Schedule AR, (explanation for amending) must be included when filing an amended report.
• RCT-123 has been redesigned and is no longer year-specific.
• Line-by-line instructions for RCT-123 are now available.
• RCT-123 is available as a fill-in form on the department’s website at
• One extension coupon (REV-426) will be used for all specialty taxes. The coupon and the tax report (RCT-123) 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.
• One RCT-123 must be filed for each agency and report for all branch offices and/or all individual agents filing under the same FEIN.
• Tax liability on the RCT-123 cannot be a negative number; instead the taxpayer must file a petition for refund.
Annual Report Checklist: Make sure you include the following to file your annual report properly and completely:
• Complete RCT-123, Gross Premiums Tax Report for Surplus Lines Agents
• Attach copies of the monthly 1620 reports as filed with the Pennsylvania Surplus Lines Association on behalf of the Pennsylvania
Insurance Department.
• Corporate officer’s signature on Page 1 and preparer’s signature and PTIN on Page 2, if applicable
• A signed copy of all three pages of the RCT-123 tax report and the monthly 1620 reports must be filed electronically with the
Pennsylvania Surplus Lines Association in the Electronic Filing System (EFS).
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
The gross premiums tax is imposed under the Act of May 17, 1921, P.L. 682, No. 284 at the rate of 3 percent on gross premiums of insur-
ance procured with eligible surplus lines insurers and other non-admitted insurers through duly licensed surplus lines producers. The tax is
in addition to the premium charged by the insurer. The tax is levied on the insured that procured the insurance with eligible surplus lines
insurers or other non-admitted insurers and is collected and remitted by the surplus lines producer. The tax on any unearned portion of the
premium must be returned to the insured by the agency or agent. Political subdivisions are exempt from this tax.
Location of Risk
If the policy involves risk located in multiple states which includes Pennsylvania, then the taxable premiums shall be levied as follows:
If Pennsylvania is the “home state” of the insured, the gross premiums shall be taxable to Pennsylvania. For more information, see 40 P.S.
§ 991.1602, 40 P.S. § 991.1621 and 40 P.S. § 991.1622.
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 on Jan. 31 for the preceding year ended Dec. 31. If Jan. 31 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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