Form RCT-101: Pennsylvania Corporate Net Income Tax Report

In Step A, fill in the Tax Year Beginning and the Tax Year Ending.

In Step B, enter the Economic Nexus, Federal EIN, Parent Corporation FEIN, NAICS code and Corporation Name.

Enter Address Line 1, Address Line 2, City, State, ZIP, Province, Country Code, Foreign Postal Code and Address Change.

For the IRS Filing Type, A = 1120, B = 1120S, C = Other, D = 1120F.

In Step C, the boxes are Initial Report, Final Report (must include REV-861 and REV-181, where applicable), Amended Report, File Period Change, Change Fed Group and 52-53 Week Filer.

The other boxes are S Corp filing as C Corp, KOZ, Royalty/Related Interest Add-Back (Act 52 of 2013), S Corp Taxable Built-in Gains, Section 381/382/Merger NOLs, Alternative Apportionment and Claiming P.L. 86-272 Protection.

In the General Information Questionnaire, enter the State of Incorporation, the Date of Incorporation (MMDDYYYY) and the Date Commenced Doing Business in PA.

Describe corporate activity in PA and corporate activity outside PA, and list the other states in which the taxpayer has activity.

Does this corporation own all or a majority of stock in other corporations? If yes, include the REV-798, Sched. X.

Has the federal government changed taxable income as originally reported for any period for which reports of change have not been filed? If yes, file the RCT-128C.

Include RCT-106 with the Schedule C-1: Apportionment Schedule for Corporate Net Income Tax.

For the Sales Factor, enter Sales - PA (1A), Sales - Total (1B) and the Sales Factor (1C).

For Special Apportionment, enter the Numerator (2A), the Denominator (2B) and the Special Apportionment (2C).

In Section C, Line 1 is the income or loss from federal return on a separate-company basis.

Line 2, Deductions: 2A is corporate dividends received (from REV-798, Sched. C-2, Line 7); 2B is interest on U.S. securities (GROSS INTEREST minus EXPENSES); 2C is current yr. additional PA depreciation plus adjustment for sale (REV-1834, Sched. C-8, Line 8).

2D is current yr. additional PA qualified production property depreciation plus adjustment for sale (REV-1834, Sched. C-10, Line 5); 2E is current yr. PA research and experimental amounts (REV-1826, Sched. C-15, Section 2, Line 47E).

2F is intangible income or related interest income (REV-798, Sched. X; must include REV-798), See inst.; 2G is other (from REV-860, Sched. OD) See instructions.

Total Deductions: add Lines 2A through 2G and enter the result on Line 2.

Line 3, Additions: 3A is taxes imposed on or measured by net income (from REV-860, Sched. C-5, Line 6); 3B is current yr. bonus depreciation (REV-1834, Sched. C-8, Line 3); 3C is current yr. qualified production property depreciation (REV-1834, Sched. C-10, Line 2).

3D is current yr. federal research and experimental deductions (REV-1826, Sched. C-15, Section 1, Line 1); 3E is intangible expense or related interest expense (REV-802, Sched. C-6; must include REV-802); 3F is other (from REV-860, Sched. OA) See instructions.

Total Additions: add Lines 3A through 3F and enter the result on Line 3.

Line 4 is income or loss with Pennsylvania adjustments (Line 1 minus Line 2 plus Line 3).

Line 5 is total nonbusiness income or loss (from REV-934, Column C, Total; must include REV-934).

Line 6 is income or loss to be apportioned (Line 4 minus Line 5).

Line 7 is apportionment (from Sched. C-1, 1C, or 2C if using Special Apportionment).

Line 8 is income or loss apportioned to PA (Line 6 times Line 7).

Line 9 is nonbusiness income or loss allocated to PA (from REV-934, Column A, Total; must include REV-934).

Line 10 is PA taxable income or loss after apportionment (Line 8 plus Line 9).

Line 11 is total net operating loss deduction (from RCT-103, Part A, Line 4).

Line 12 is PA taxable income or loss (Line 10 minus Line 11).

Line 13 is the Qualified Manufacturing Innovation and Reinvestment Deduction (cannot reduce tax liability by more than 50%).

Line 14 is PA CNI tax ((Line 12 - Line 13) times tax rate - See Instructions). If line 12 is less than zero, enter “0”.

Line 15 is credit for tax paid by affiliate(s) for intangible expense or related interest expense (from REV-803, Sched. C-7: must include REV-803).

Line 16 is Tax Liability (Line 14 minus line 15).

In Section D, Line 1 is Tax Liability (from SECTION C, line 16).

Line 2 is Credit for CNI Tax Withholding (from PASched. CP, line 16).

Line 3 is Estimated Payments & Credits on Deposit.

Line 4 is Restricted Credits (cannot exceed line 1).

Line 5 is Total Due/Overpayment (Line 1 minus Lines 2, 3, and 4).

Line 6 is Transfer (Amount to be credited to the next tax year after offsetting all unpaid liabilities).

Line 7 is Refund (Amount to be refunded after offsetting all unpaid liabilities).

Banking rules do not permit direct deposit to bank accounts outside the U.S. If your bank account is outside the U.S., do not complete the direct deposit field or bank routing and account number information in this case, and you will receive a check from the Department.

If your refund will be going to a bank account within the U.S., you have the option to have your refund directly deposited: enter the Direct Deposit, Routing # and Account #, with C=Checking S=Savings.

Has the corporation sold or transferred in bulk, 51 percent or more of any class of assets? (See instructions.) *Schedule of Disposition of Assets, REV-861, must be completed and filed with this report.

If yes, enter the Purchaser Name, Address Line 1, Address Line 2, City, State, ZIP, Province, Country Code and Foreign Postal Code (Include a separate schedule if additional space is needed.).

Did you own or rent property in PA titled to the corporation or any Single Member LLC during this filing period? If yes, Section F must be completed. (Include a separate schedule if additional space is needed.)

Enter the Street address, City, County, KOZ/KOEZ and O = Own R = Rent.

Under Corporate Officers (See instructions.), enter the SSN, Last Name, First Name and MI of the President/Managing Partner, Vice President, Secretary and Treasurer/Tax Manager. Must provide requested information for all filled officer positions.

“I affirm under penalties prescribed by law, this report, including any accompanying schedules and statements, has been examined by me and to the best of my knowledge and belief is a true, correct and complete report.”

If this report is an amended report, the taxpayer hereby consents to the extension of the assessment period for this tax year to one year from the date of filing of this amended report or three years from the filing of the original report, whichever period last expires, and agrees to retain all required records pertaining to that tax and tax period until the end of the extended assessment period. For purposes of this extension, an original report filed before the due date is deemed filed on the due date.

Sign the Corporate officer Signature line and fill in the date, after printing.

Under Preparer's Information, enter the Firm FEIN, Firm Name, Preparer's Name, Preparer's SSN/PTIN, Phone, Email, Address Line 1, Address Line 2, City, State, ZIP, Province, Country Code, Form Barcode and Foreign Postal Code.

Sign the Tax preparer's Signature line and fill in the date, after printing.