PICPA

Pennsylvania Institute Of Certified Public Accountants

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Q&A with Pennsylvania Department of Revenue

Personal Income Tax

Does the Department have plans to require retirement plan administrators to submit copies of completed 1099R forms where there is a premature distribution from a 401(k) plan?
Why submit copies of the K1s and is the DOR considering a K1 reconciliation form?
What is the effective date for fiscal year ends for corporate loan tax?
How does S Corporation A disclose the 338(h) transaction and the credit on Schedule K-1 and how does the individual shareholder report the credit on the PA-40 so PA will accept the return without correspondence to the shareholder?
Clients have received notices reducing the underpayment of estimated tax penalty from their 2010 return by $1-$2. Will the Department set a parameter to not send notices on this issue for less than a small dollar amount?
When will the Department issue guidelines regarding the deductibility of depletion and intangible drilling cost?
How do you define and explain the "Eligible Retirement Plan"?
How does the DOR determine whether hedge funds, private equity funds, and/or similar types of investment vehicles are engaging in a “business” for PIT purposes?
Does a partner in an investment club partnership report the gain or loss on Part I or Part III of PA-20S/PA-65 Information Return?
Why does PA E-filing only permit up to 2 misc. line items on a PA UE schedule?
Are there any plans to revise the policies regarding the taxability of benefits from Nonqualified Deferred Compensation Plans (PIT Bulletin 2005-03 and PIT Guide Chapter 7 at XVII)?
A taxpayer recently received a check from a drilling company for the right to drill for Marcellus Shale on his farm land. Can we report this income on Schedule F?
Does the DOR have plans to allow for PDF attachments or some other enhancement to current e-filing procedures so e-filing can be more efficient for practitioners?
Scenario: recent notice where the Taxpayer had PA WH on a W-2 in excess of 3.07%.
Would the Department allow a credit on the PA-41 for a federal grantor trust for non-resident taxes paid to another state by the individual who is the grantor?
Why does the Department require exact dates for security sales and purchases?
Why can’t Pa. 41 returns be e-filed?
What is the PIT treatment of gain/loss realized/recognized from an involuntary conversion resulting from a casualty or theft?
Scenario: withholding CNIT
Why does the DOR require that 1099-R's be attached to PA-40s?

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