Pennsylvania Short Period Return Instructions
- 1). Download a copy of Form PA-20S from the website of the Pennsylvania Department of Revenue.
- 2). Provide information about your corporation or partnership and indicate that you are filing a short-year return. Provide the FEIN, Pennsylvania DOR account number and NAICS Code assigned to your corporation or partnership. Provide the name and address of your business. In the right column, indicate the method of accounting your business uses. Fill in the oval next to "Fiscal Year" and provide the dates of your fiscal year. Fill in the oval next to "Short-Year Return." If you are winding your business down, fill in the oval next to "Final Return."
- 3). Indicate any gains or losses earned by your business during the abbreviated tax year. In Part I, indicate any taxable income disclosed on your federal return. In Part II, indicate the share of business income, other business income and disallowed income that can be allocated to Pennsylvania. In Part III, indicate any interest income, dividend income, royalty income, trust income and gambling income earned by your business in Pennsylvania. In Part IV, indicate the total income or loss experienced by your business. In Part V, disclose any Pennsylvania pass-through credits elected by your business.
- 4). Indicate any distributions made by your business in Pennsylvania during the short tax year. In Part VI, indicate any distributions of cash, property and securities made by your business, as well as any payments guaranteed by your business.
- 5). Fill out Part VII, indicating whether your business owned any interest in another business or whether your business has any tax-exempt or foreign partners. Indicate whether any partner or owner transferred a share of ownership in the business, whether your business has filed an amended federal tax return, has any foreign bank accounts or corporate partners, has any tax credits or has changed its method of accounting.
- 6). Fill out Part VIII. On line 1, indicate the balance for the beginning of the year in any accumulated adjustments account and accumulated earnings and profits account. On line 2, indicate the total reportable income. On line 3, indicate any other adjustments. On line 4, indicate any losses to these accounts. On lines 5 through 8, perform the requested calculations.
- 7). Disclose any business ownership. On Part IX, indicate the FEIN, name and address of any business entity in which your business possesses a share of ownership. Sign and date the return.
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