We provide here a written summary of answers provided by the Department of Revenue to the committee at periodic question and answer sessions. These documents are classified as Revenue information issued for informational purposes only for the convenience of PICPA members. Pursuant to 61 Pa. Code Section 3.4, these documents should not be relied upon for any purpose or used in tax appeals. Taxpayers requiring a binding opinion on a specific fact situation may request a written letter ruling under 61 Pa. Code Section 3.3.
Q&A with the Pennsylvania Department of Revenue
Scenario: Penalty for failure to provide noncorporate or corporate partner
Would a partnership that fails to provide a noncorporate partner with a NRK-1 and/or RK-1 a corporate partner with a Schedule H – Corp. be subject to the penalty in Section 352 (f)(2) and/or Section 352 (f)(3)? Would the penalty in Section 352(f)(2) and/or Section 352(f)(3) be imposed separately on each NRK-1, RK-1 and Schedule H – Corp. that a partnership fails to file?
Yes. Each return would be counted individually for calculation of the penalty