Instructions For Form Pa-65 Corp - Directory Of Corporate Partners

A partnership wholly owned by C

●

Pennsylvania follows the same tax

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

corporations submits PA-65 Corp

year as federal rules.

●

PA-20S/PA-65 Schedule CP for

Directory of Corporate Partners, and

File your 2011 PA-65 Corp,

each corporate partner;

a complete copy of the partnership’s

Directory of Corporate Partners, on

●

federal Form 1065 including all

federal Form 1065, including all

or before April 17, 2012.

federal schedules and federal

federal schedules and federal Form

If you do not file your return by

Schedules K-1 (including all federal

1065 Schedules K-1. The partnership

the due date and do not pay the tax

Schedules K-1 for all C corporation

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

due by the due date, the department

partners) unless previously filed with

Information Return.

imposes late filing and underpayment

the RCT-101, PA Corporate Tax

If the partnership has business

penalties.

Report; and

operations within and outside

●

corporate net income tax payment

Calendar-Year Entity

Pennsylvania or totally within

for nonfiling corporate partners

Pennsylvania, the partnership

A partnership or entity formed as a

submits a complete PA-20S/PA-65

limited liability company that is

Important.

Schedule H-Corp and provides a copy

Do not create a

classified as a partnership for federal

of Schedule H-Corp to each entity

substitute PA-65 Corp,

income tax purposes that files on a

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

Directory of Corporate Partners,

calendar year, reports all corporate

H-Corp provides the entity partner

which has not been approved by the

net income tax withholding

with the apportionment information

department. A spreadsheet is an

recognized between Jan. 1 and

needed to complete RCT-101, PA

unapproved and unacceptable tax

Dec. 31.

Corporate Tax Report.

form. No more than three corporate

File your 2011 PA-65 Corp,

The partnership is also required

partners may be entered on the PA-

Directory of Corporate Partners, on

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

65 Corp, Directory of Corporate

or before April 17, 2012. The U.S

with PA-65 Corp, Directory of

Partners. If additional pages are

Postal Service postmark date on your

Corporate Partners, for each nonfiling

needed, a photocopy of the PA-65

envelope is proof of timely

filing.

corporate partner and provide a copy

Corp, Directory of Corporate

If you do not file your return by

of Schedule CP to each nonfiling

Partners, or department-approved

the original due date, the department

corporate partner for use in filing

form is acceptable.

imposes late filing penalties and

RCT-101. A corporate partner is not

If you are filing any tax form

interest charges.

required to file PA-20S/PA-65

other than an official tax form, please

Schedule CP with the RCT-101.

review Miscellaneous Tax Bulletin

Short-Year Return

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

Important.

A short year is an accounting period

If the partnership

the department’s website.

shorter than one year and not a 52-

is wholly owned by C

53 week taxable year.

Losses, Expenses and

corporations or limited liability

A short-year return is required for

companies filing as a C corporation,

Credits

the following reasons -

the partnership does not file a PA-

● changes in the annual accounting

20S/PA-65 Information Return. The

The partnership cannot reduce the

period. For example, the entity

partnership is only required to file

income by losses or expenses on PA-

20S/PA-65 Schedule CP. The

changes from a fiscal year filer to a

the PA-65 Corp, Directory of

calendar year filer; or

Corporate Partners.

corporation must file its RCT-101, PA

Corporate Tax Report to take losses

● an entity is in existence during only

Partnerships Without

and/or expenses into account.

part of the tax year. For example, if

the year is the initial year or the

Corporate Partners

Overpayment of

entity sells or exchanges 50 percent

If the owners of the partnership are

or more of ownership interest.

Corporate Net Income

individuals, estates, trusts, other

When there has been a change in

partnerships, PA S corporations,

Tax Withholding

an accounting period that requires

and/or other entities, and the

filing of a short-year return, the tax

If the partnership withholds excess

partnership does not have any C

is calculated on an annualized basis.

corporate net income tax for a

corporations as partners, the

corporate partner, the overpayment

partnership submits a complete PA-

Fiscal-Year Entity

will be refunded to the corporate

20S/PA-65 Information Return but

partner and not the partnership when

A fiscal year is a period of 12

does not complete a PA-65 Corp,

the C corporation files its RCT-101,

consecutive months without regard

Directory of Corporate Partners.

PA Corporate Tax Report.

to the calendar year. The fiscal year

is designated by the calendar year in

Assembling the PA-65

When To File

which it ends. A fiscal year entity

Corp, Directory of

reports all taxable income recognized

If the due date falls on a Saturday,

during the fiscal year.

Sunday, or business holiday, the

Corporate Partners

A partnership or entity formed as

entity must file its PA-65 Corp,

Assemble the PA-65 Corp, Directory

a limited liability company that is

Directory of Corporate Partners, no

classified as a partnership for federal

of Corporate Partners in the following

later than midnight on the first

order:

income tax purposes that files on a

business day following the Saturday,

fiscal year reports all corporate net

●

signed original PA-65 Corp,

Sunday, or business holiday. The

income tax withholding recognized

Directory of Corporate Partners. Do

U.S. Postal Service postmark date on

during the fiscal year.

not mail a photocopy;

the envelope is proof of timely filing.

Instructions for PA-65 Corp

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Instructions For Form Pa-65 Corp - Directory Of Corporate Partners - 2011 Page 3

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