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
Assuming the capital stock/foreign franchise tax phase out continues as scheduled, will a Pa. S corporation be required to file form RCT-101 for tax years beginning after 2013?
No, unless the S-corporation has either Pennsylvania Corporate Net Income or Corporate Loan Tax liability.