Table of Contents
What is a PA RCT-101?
Below is information regarding the completion of Pennsylvania Form RCT-101 PA Corporate Tax Report, when you report a Single-Member Limited Liability Company (SMLLC) on your Pennsylvania personal income tax return (instead of Form 1120 for Corporations, Form 1120S for S Corporations or Form 1065 for Partnerships).
Does PA require an extension?
If a taxpayer owes income tax with a PA tax return, he/she must pay the tax liability and request an extension of time to file. Taxpayers may pay by check, electronic funds transfer or credit/debit card.
Who should file RCT 101?
Every LLC is subject to capital stock/foreign franchise tax and must file a Corporate Tax Report, RCT-101, regardless of federal classification. If the LLC is classified as a corporation for federal income tax purposes, it must complete the corporate net income tax portion of the RCT-101.
Do you have to pay for LLC Every year Pennsylvania?
Do you have to pay for a Pennsylvania LLC every year? No, you do not have to pay a state fee for a Pennsylvania LLC every year. However, there is a $70 decennial report fee every 10 years. Visit our Pennsylvania Decennial Report guide for more information.
What is PA corporate tax?
This tax is levied at the rate of 9.99 percent on federal taxable income, without the federal net operating loss deduction and special deductions, and modified by certain additions and subtractions. Entities exempt from the corporate net income tax include certain qualifying: not-for-profit organizations.
Can I file PA extension online?
Visit the Revenue e-Services Center to pay and submit a request for extension of time to file electronically. Note electronic processing may not be available to first-time PA filers.
Where can I find the instruction book for the PA corporate tax?
The instruction book for the PA Corporate Tax Report is the REV-1200 and can be found on the departments webpage under Corporation Tax Forms. Then select the appropriate tax year below:
Do LLCs have to file rct-101 in PA?
The Pennsylvania Department of Revenue has repealed the tax that requires single member LLCs to file the RCT-101 (The Capital Stock and Foreign Franchise Taxes). As that tax no longer applies as of 1/1/16, the 2015 return will be the final report.
What are the rct-132a and rct-132b forms?
RCT-132A — PA Title Insurance Company Shares Tax Report (Form and Instructions) RCT-132B — Pennsylvania Bank and Trust Company Shares Tax Report (Form and Instructions) RCT-143 — Net Income Tax Report – Mutual Thrift Institutions (Form and Instructions)
What are the RCTs for 2021?
RCT-127 A — 2021 Public Utility Realty Tax Report (Form and Instructions) RCT-131 — Gross Receipts Tax Report – Private Bankers (Form and Instructions) RCT-132A — PA Title Insurance Company Shares Tax Report (Form and Instructions) RCT-132B — Pennsylvania Bank and Trust Company Shares Tax Report (Form and Instructions)