General Information For Rct-132a-I (Page 4 of 6) in pdf

RCT-132A-I – Line-by-Line Instruction

RCT-132A-I (1-14)

Page 4 of 6

RCT-132A should be completed in the following order:

Step 1 - Complete the taxpayer information 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 3, Schedule A, Calculation of Current Year – Taxable Shares.

Step 4 - Complete Page 2, Receipts Factor (Lines 15 through 17).

Step 5 - Complete Page 2, Calculation of Shares Tax Apportionment (Lines 12 through 14).

Step 6 - Complete Page 2, Calculation of Shares Tax (Lines 1 through 11).

Step 7 - Complete Page 4, Schedule B, Loans Tax.

Step 8 - Complete Page 1, Tax Liability, Payment and Overpayment section.

Step 9 - Complete the corporate officer information section, sign and date at the bottom of Page 1.

Step 10 - Complete the preparer 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 3 – Schedule A - Calculation of Current Year - Taxable Shares

For title insurance companies that do not file reports of condition, book values are based on average book values at the end of each

calendar quarter under generally accepted accounting principles.

Submit a schedule identifying U.S. obligations by names and amounts claimed for each quarter. Please refer to Corporation Tax

Bulletin 94 (Revised) for a list of those obligations which constitute U.S. obligations and non U.S. obligations.

First Quarter

Line 1 – Book Value of Capital Stock Paid In (see A above)

Line 2 – Book Value of the Surplus

Line 3 – Book Value of Undivided Profits

Line 4 – Book Value of Unearned Premium Reserve

Line 5 – Total (Line 1 plus Line 2 plus Line 3 plus Line 4)

Line 6 – Book Value of U.S. Obligations (see B above)

Line 7 – Quarterly Book Value (Line 5 minus Line 6)

Second Quarter

Line 8 – Book Value of Capital Stock Paid In (see A above)

Line 9 – Book Value of the Surplus

Line 10 – Book Value of Undivided Profits

Line 11 – Book Value of Unearned Premium Reserve

Line 12 – Total (Line 8 plus Line 9 plus Line 10 plus Line 11)

Line 13 – Book Value of U.S. Obligations (see B above)

Line 14 – Quarterly Book Value (Line 12 minus Line 13)

Third Quarter

Line 15 – Book Value of Capital Stock Paid In (see A above)

Line 16 – Book Value of the Surplus

Line 17 – Book Value of Undivided Profits

Line 18 – Book Value of Unearned Premium Reserve

Line 19 – Total (Line 15 plus Line 16 plus Line 17 plus Line 18)

Line 20 – Book Value of U.S. Obligations (see B above)

Line 21 – Quarterly Book Value (Line 19 minus Line 20)

Fourth Quarter

Line 22 – Book Value of Capital Stock Paid In (see A above)

Line 23 – Book Value of the Surplus

Line 24 – Book Value of Undivided Profits

Line 25 – Book Value of Unearned Premium Reserve

Line 26 – Total (Line 22 plus Line 23 plus Line 24 plus Line 25)

Line 27 – Book Value of U.S. Obligations (see B above)

Line 28 – Quarterly Book Value (Line 26 minus Line 27)

CALCULATION

Line 29 - Number of Quarters in Existence for Current Tax Year

Line 30 – Total Book Value (Line 7 plus Line 14 plus Line 21 plus Line 28)

Line 31 - Current Year Value of Shares (Line 30 divided by Line 29); carry this amount to Page 2, Line 1.

General Information For Rct-132a-I Page 4

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