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
Have there been any internal discussions surrounding the proposed Section 385 regulations and how they may apply to a separate filing jurisdiction such as Pennsylvania? If the regulations are passed, would the Department provide formal guidance?
The Department has not taken any action at this time.