Scenario: Corporation recently learned that it was subject to a CNI tax in 2013 and 2014

Dec 08, 2016
Scenario:

ABC Corp., a Delaware corp. based outside PA, filed a RCT-101 in 2013 and 2014, but only completed the FF Tax section. The corporation claimed P.L. 86-272 protection for CNI Tax purposes. Recently, the corporation learned that it was subject to the CNI Tax in 2013 and 2014.

Q:

Should ABC Corp. report the CNI Tax on an original or amended RCT-101? How should ABC Corp. complete the FF Tax section on the tax report?

A:

As stated in prior years the RCT-101 is three tax reports on one document.  In this case the RCT-101 will be filed as the original report for corporate next income tax.  The CSFT of the RCT-101 should report the components of the tax which is used to calculate the current tax liability; the reports should contain a statement explaining the reason for the filing of the report.  This will need to emailed to the following resource account:   RA-RVCORPSPCHANDLE@pa.gov

Note:  This does not open additional appeal rights for CSFT.
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