Rct 101 Form PDF Details

Understanding the intricacies and applications of the RCT-101 form is essential for corporations within Pennsylvania, especially when addressing corporate net income tax concerns. The form serves a multitude of purposes, from reporting annual net income to declaring inactivity for the tax year in question. It begins with basic corporate information, including the tax year, address changes, and Federal EIN, then delves into detailed financial disclosures such as tax liability, estimated payments, and credits. Particularly notable is its provision for corporations to report a status of inactivity, thereby exempting them from filing the standard RCT-101 if they meet specific criteria outlined within the form. This clause not only assists in streamlining tax filing procedures for non-active entities but also clarifies the obligations of foreign corporations operating or holding assets in Pennsylvania. Moreover, the form requires an affirmation by a corporate officer, ensuring accountability and the veracity of the information submitted. With steps covering everything from tax liability calculation to corporate status changes, the RCT-101 form encapsulates critical data points necessary for accurate and compliant corporate tax reporting in Pennsylvania.

QuestionAnswer
Form NameRct 101 Form
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesTax2012PA_RCT 101I_20130114 rct 101 2012 form

Form Preview Example

1019020105

1019020105

INACTIVE

DEPARTMENT USE ONLY

RCT-101-I 06-20 (FI) PAGE 1 OF 3

STEP A

Tax Year Beginning

STEP B

52-53 Week Filer

Address Change

STEP C

INACTIVE PA CORPORATE NET INCOME TAX REPORT 2020

Tax Year Ending

 

 

 

Change Fed Group

 

File Period Change

 

First Report

 

 

 

Revenue ID

Federal EIN

Corporation Name

Address Line 1

Address Line 2

City

State

ZIP

Parent Corporation EIN

Province

Country Code

Foreign Postal Code

STEP D: PA CORPORATE NET INCOME TAX

USE WHOLE DOLLARS ONLY

 

STEP E:

 

 

 

 

 

 

 

 

 

 

 

A. TAX LIABILITY

B. ESTIMATED

 

C. RESTRICTED

PAYMENT DUE/OVERPAYMENT

 

(CAN NOT BE LESS THAN ZERO)

PAYMENTS &

 

Calculation: A minus B minus C

 

 

CREDITS

 

 

 

 

 

CREDITS ON DEPOSIT

 

 

See instructions.

 

 

 

 

 

 

 

 

CNI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STEP F: TRANSFER/REFUND METHOD (SEE INSTRUCTIONS.)

 

E-FILE OPT OUT (SEE INSTRUCTIONS.)

 

 

TRANSFER: Amount to be credited to the next

 

 

 

 

 

 

 

 

 

 

 

 

 

 

tax year after offsetting all unpaid liabilities

 

 

 

 

 

 

 

 

 

 

 

 

REFUND: Amount to be refunded after offsetting all unpaid liabilities

STEP G: CORPORATE OFFICER (MUST SIGN AFFIRMATION BELOW)

NAME

PHONE

EMAIL

FORM BARCODE

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.

CORPORATE OFFICER SIGNATURE

DATE

1019020205

REVENUE ID

TAX YEAR END

 

 

NAME

RCT-101-I 06-20 (FI) PAGE 2 OF 3 INACTIVE PA CORPORATE NET INCOME TAX REPORT 2020

STEP H: INACTIVE DECLARATION

CHECK ONE BOX IN SUPPORT OF FILING THE INACTIVE REPORT, RCT-101-I.

A. This Pennsylvania corporation, to which a charter was granted by the Commonwealth of Pennsylvania, did not conduct any business, had no assets or income and did not exercise any corporate rights or privileges during the tax period ended (MMDDYYYY):

B. This foreign corporation, chartered under the laws of a state other than Pennsylvania, did not conduct any business, own property or exercise any corporate rights or privileges during the tax period ended (MMDDYYYY):

If neither of these statements applies to the corporation, a RCT-101, PA Corporate Net Income Tax Report, must be completed and filed. Specifically, a corporation with business activity outside Pennsylvania must file RCT-101.

See the REV-1200, PA Corporate Net Income Tax Instructions, found at www.revenue.pa.gov for instruction on completing the RCT-101-I and RCT-101.

STEP I: GENERAL INFORMATION QUESTIONNAIRE

1.Location of corporation records:

2.Corporation’s records are in care of:

3.Name, SSN, EIN and/or Revenue ID Number of any individual or business entity owning all or a majority of the stock of the taxpayer.

Name:

 

Revenue ID:

SSN or EIN:

4. Incorporation date: (MMDDYYYY)

5. State of incorporation:

6.

Has the corporation previously had

 

 

 

 

business activity anywhere?

 

 

 

 

 

 

 

7.

If the answer to 6 is “Yes”, enter

 

 

 

 

 

 

 

the last tax period the corporation had

 

 

 

 

business activity (MMDDYYYY).

 

 

 

8.

Has the federal government changed

 

 

 

 

 

 

 

taxable income as originally reported

 

9. Is this taxpayer a partnership that elects to file federal taxes

 

for any prior period for which reports of

 

 

as a corporation?

 

change have not been filed in PA?

 

 

 

 

If yes:

 

 

 

 

 

 

 

 

 

 

 

First period end date:

 

 

 

 

 

 

 

Last period end date:

 

 

 

 

 

1019020205

1019020205

1019020305

REVENUE ID

TAX YEAR END

 

 

NAME

RCT-101-I 06-20 (FI) PAGE 3 OF 3 INACTIVE PA CORPORATE NET INCOME TAX REPORT 2020

STEP J: CORPORATE STATUS CHANGES

FINAL REPORT

PA CORPORATIONS:

Did you ever transact business anywhere?

Did you hold assets anywhere?

FOREIGN CORPORATIONS:

Did you ever transact business in PA on your own or through an unincorporated entity? Did you hold assets in PA on your own or through an unincorporated entity?

Reinstatement

 

Effective Date of

 

 

Reinstatement

 

 

If yes, enter date all business activity ceased If yes, enter date of final disposition of assets

If yes, enter date PA business activity ceased If yes, enter date of final disposition of

PA assets

CORPORATE OFFICERS

MUST PROVIDE REQUESTED INFORMATION

SSN

LAST NAME

FIRST NAME

MI

FOR ALL FILLED OFFICER POSITIONS

 

 

 

 

President/Managing Partner

Vice President

Secretary

Treasurer/Tax Manager

PREPARER’S INFORMATION

Firm Federal EIN

Firm Name

Address Line 1

Address Line 2

City

State

ZIP

Province

Country Code

Foreign Postal Code

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.

TAX PREPARER’S SIGNATURE

INDIVIDUAL PREPARER PHONE

EMAIL PTIN/SSN

DATE

1019020305

1019020305

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1. While filling out the Rct 101 Form, be certain to include all of the necessary blanks within the relevant part. This will help expedite the work, allowing for your details to be handled fast and appropriately.

Filling in section 1 of Rct 101 Form

2. The next stage is usually to submit these particular fields: STep F TransferRefund method See, eFile opt out See instructions, Transfer Amount to be credited to, Refund Amount to be refunded after, STep g Corporate officer must sign, name phone email, FoRm BaRCoDe, and I affirm under penalties.

Filling out section 2 in Rct 101 Form

3. Completing Revenue iD Tax yeaR enD, name, RCTi Fi page oF inaCTive pa, STep h inaCTive DeClaRaTion CheCk, a This Pennsylvania corporation to, Commonwealth of Pennsylvania did, assets or income and did not, during the tax period ended, B This foreign corporation, than Pennsylvania did not conduct, any corporate rights or privileges, If neither of these statements, Specifically a corporation with, and See the REV PA Corporate Net is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

The way to fill out Rct 101 Form portion 3

4. You're ready to fill in this fourth section! Here you'll have these STep i geneRal inFoRmaTion, Location of corporation records, Corporations records are in care, Name SSN EIN andor Revenue ID, Name, Revenue ID, SSN or EIN, Incorporation date MMDDYYYY, State of incorporation, Has the corporation previously had, business activity anywhere, If the answer to is Yes enter, the last tax period the, business activity MMDDYYYY, and Has the federal government changed fields to fill out.

Name, business activity MMDDYYYY, and STep i geneRal inFoRmaTion in Rct 101 Form

Regarding Name and business activity MMDDYYYY, ensure that you review things in this current part. The two of these are surely the most significant fields in this form.

5. Finally, the following final part is what you will have to complete prior to closing the document. The blanks under consideration are the following: Revenue iD Tax yeaR enD, name, RCTi Fi page oF inaCTive pa, STep j CoRpoRaTe STaTuS ChangeS, Final Report, pa Corporations, Did you ever transact business, Did you hold assets anywhere, Foreign Corporations, If yes enter date all business, If yes enter date of final, Did you ever transact business in, If yes enter date PA business, Did you hold assets in PA on your, and If yes enter date of final.

Filling in part 5 of Rct 101 Form

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