Form PA-20S (PA-65 CP) Schedule CP "Corporate Partner Cni Withholding" - Pennsylvania

What Is Form PA-20S (PA-65 CP) Schedule CP?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-20S, Partner/Member/ Shareholder Directory. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on May 1, 2018;
  • The latest edition provided by the Pennsylvania Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form PA-20S (PA-65 CP) Schedule CP by clicking the link below or browse more documents and templates provided by the Pennsylvania Department of Revenue.

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1808210056
PA SCHEDULE CP
Corporate Partner
CNI Withholding
PA-20S/PA-65 CP (PT) 05-18
(FI)
2018
PA Department of Revenue
Part I General Information for Corporate Partner
START
9 DIGIT - NO DASH
Name of Corporation
Revenue ID
Corporate Partner FEIN
First Line of Address
Corporate Partner’s percentage of:
Profit sharing
%
Second Line of Address
Loss sharing
%
Ownership of capital
%
City or Post Office
State
ZIP Code
Enter the date the corporation
became a partner (MMDDYYYY)
MM/DD/YYYY
Part II General Information for the Partnership that withholds and remits Corporate Net Income Tax for Nonfiling Corporate Partners
9 DIGIT - NO DASH
Name of Partnership issuing this form
Partnership FEIN
Address
City or Post Office
State
ZIP Code
Enter the date the partnership began
MM/DD/YYYY
doing business in PA (MMDDYYYY)
Part III Income or Loss and Deductions for Corporate Partner from Federal Schedule K-1
LOSS
1
Ordinary income or loss from trade or business activities
1
$
LOSS
2
Net income or loss from rental real estate activities
2
$
LOSS
3
Net income or loss from other rental activities
3
$
4
Guaranteed payments
4
$
5
Interest income
5
$
6
Ordinary dividends
6
$
LOSS
7
Royalties
7
$
LOSS
8
Net short-term capital gain or loss
8
$
LOSS
9
Net long-term capital gain or loss
9
$
LOSS
10
Net IRC Section 1231 gain or loss
10
$
LOSS
11
Net gain or loss from disposal of IRC Section 179 property
11
$
LOSS
12
Other income, losses or deductions
12
$
LOSS
13
Total Lines 1 through 12
13
$
l
Must be six decimal places
14
Apportionment from PA-20S/PA-65 Schedule H-Corp
14
15
Income apportioned to Pennsylvania (Multiply Line 13 by Line 14.)
15
$
16
Corporate net income tax withholding (Multiply Line 15 by 0.0999)
16
$
Note to Corporate Partner: The amount on Line 16 has been remitted by the issuing partnership on the corporation’s behalf in payment of PA
corporate net income tax. The partnership is permitted to adjust the federal Schedule K-1 income for expenses or deductions.
Note to Partnership preparing Schedule CP: The partnership must complete this schedule to determine the withholding for nonfiling corporate
partners required to file an RCT-101, PA Corporate Net Income Tax Report. Before completing this schedule, complete the PA-20S/PA-65 Sched-
ule H-Corp (to apportion business income (loss) for the corporate partner). The partnership should use the federal Schedule K-1 to calculate
withholding for any corporate partner that it is not filing an RCT-101. Withholding is based on federal Schedule K-1 income only.
1808210056
1808210056
PRINT
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TOP OF PAGE
1808210056
PA SCHEDULE CP
Corporate Partner
CNI Withholding
PA-20S/PA-65 CP (PT) 05-18
(FI)
2018
PA Department of Revenue
Part I General Information for Corporate Partner
START
9 DIGIT - NO DASH
Name of Corporation
Revenue ID
Corporate Partner FEIN
First Line of Address
Corporate Partner’s percentage of:
Profit sharing
%
Second Line of Address
Loss sharing
%
Ownership of capital
%
City or Post Office
State
ZIP Code
Enter the date the corporation
became a partner (MMDDYYYY)
MM/DD/YYYY
Part II General Information for the Partnership that withholds and remits Corporate Net Income Tax for Nonfiling Corporate Partners
9 DIGIT - NO DASH
Name of Partnership issuing this form
Partnership FEIN
Address
City or Post Office
State
ZIP Code
Enter the date the partnership began
MM/DD/YYYY
doing business in PA (MMDDYYYY)
Part III Income or Loss and Deductions for Corporate Partner from Federal Schedule K-1
LOSS
1
Ordinary income or loss from trade or business activities
1
$
LOSS
2
Net income or loss from rental real estate activities
2
$
LOSS
3
Net income or loss from other rental activities
3
$
4
Guaranteed payments
4
$
5
Interest income
5
$
6
Ordinary dividends
6
$
LOSS
7
Royalties
7
$
LOSS
8
Net short-term capital gain or loss
8
$
LOSS
9
Net long-term capital gain or loss
9
$
LOSS
10
Net IRC Section 1231 gain or loss
10
$
LOSS
11
Net gain or loss from disposal of IRC Section 179 property
11
$
LOSS
12
Other income, losses or deductions
12
$
LOSS
13
Total Lines 1 through 12
13
$
l
Must be six decimal places
14
Apportionment from PA-20S/PA-65 Schedule H-Corp
14
15
Income apportioned to Pennsylvania (Multiply Line 13 by Line 14.)
15
$
16
Corporate net income tax withholding (Multiply Line 15 by 0.0999)
16
$
Note to Corporate Partner: The amount on Line 16 has been remitted by the issuing partnership on the corporation’s behalf in payment of PA
corporate net income tax. The partnership is permitted to adjust the federal Schedule K-1 income for expenses or deductions.
Note to Partnership preparing Schedule CP: The partnership must complete this schedule to determine the withholding for nonfiling corporate
partners required to file an RCT-101, PA Corporate Net Income Tax Report. Before completing this schedule, complete the PA-20S/PA-65 Sched-
ule H-Corp (to apportion business income (loss) for the corporate partner). The partnership should use the federal Schedule K-1 to calculate
withholding for any corporate partner that it is not filing an RCT-101. Withholding is based on federal Schedule K-1 income only.
1808210056
1808210056
PRINT
Reset Entire Form
TOP OF PAGE
2018
Pennsylvania Department of Revenue
Instructions for PA-20S/PA-65 Schedule CP
Corporate Partner CNI Withholding
PA-20S/PA-65 CP IN (PT) 05-18
necessary to complete the processing
poration is compliant or not, based on
WHAT’S NEW
filing requirements for the RCT-101,
of the return.
PA Corporate Net Income Tax Report.
The federal Tax Cuts and Jobs Act of
To comply with foreign address stan-
2017 established a tax on untaxed
IMPORTANT: A Schedule CP
dards, use the following rules when
earnings and profits of foreign corpo-
only needs to be completed for
completing the address portion of the
rations accumulated after 1986 and
noncompliant corporate partners and
PA-20S/PA-65 Schedule CP:
prior to 2018. The earnings and profits
is not required for compliant partners
● Eliminate apostrophes, commas,
are taxable income for Pennsylvania
who file the RCT-101 and no corporate
periods and hyphens. Write the
Corporate Net Income Tax purposes
net income tax withholding payment is
address in all uppercase letters.
and therefore partnerships must in-
calculated.
Addresses should have no more
clude this income when calculating the
A nonfiling corporate partner is a cor-
than five lines and must be writ-
withholding for non-filing corporate
poration as defined in 72 P.S. §7401,
ten in black ink or typewritten.
partners.
which has not filed an RCT-101, PA
Pencil is unacceptable.
Corporate Net Income Tax Report, and
GENERAL INFORMATION
● Write the name of the entity in the
paid corporate net income tax for the
spaces provided. Mail may not be
previous taxable year. Apportionment
Purpose of Schedule
addressed to a person in one
rules apply.
The PA-20S/PA-65 Schedule CP is
country “in care of” a person in an-
completed by a partnership to deter-
CORPORATE PARTNERS
other country. The address of
mine the corporate net income tax
items sent to general delivery
The amount on Line 16 of PA-20S/PA-
withholding for nonfiling corporate
must indicate the addressee’s full
65 Schedule CP is remitted by the is-
partners (C corporations only) that are
legal name.
suing partnership on the corporation’s
required to file an RCT-101, PA Corpo-
behalf for payment of corporate net
● Write the address in the space
rate Net Income Tax Report. A sepa-
income tax withholding. The partner-
provided, including street and
rate schedule must be completed for
ship is permitted to adjust federal Form
building name and number, apart-
each nonfiling corporate partner. Be-
1065 Schedule K-1 income for ex-
ment or suite numbers, city name
fore completing this schedule, com-
penses or deductions.
and city or provincial codes. All
plete the PA-20S/PA-65 Schedule
lines of the delivery address
Do not submit nonresident indi-
H-Corp to apportion business income
should appear in all capital letters.
vidual partner withholding pay-
(loss) for the corporate partner(s). The
The house number and street ad-
ments with PA-20S/PA-65 Schedule
partnership should use federal Form
dress or box number must appear
CP. This schedule is only used to re-
1065 Schedule K-1 to calculate with-
when mail is addressed to towns
port C corporation, nonfiler corporate
holding for any corporate partner that
or cities.
net income tax withholding.
did not file an RCT-101, PA Corporate
Net Income Tax Report. Corporate net
● Write only the name of the country
COMPLETING
income tax withholding is based on
in the space provided for the city
federal Form 1065 Schedule K-1 in-
PA SCHEDULE CP
or post office.
come. Each entity partner should re-
● Do not include any entries in the
FOREIGN ADDRESS STANDARDS
ceive
a
copy
of
PA-20S/PA-65
state field other than “OC” for Out-
Schedule H-Corp.
If the partnership or entity formed as a
of-Country. The ZIP code spaces
limited liability company that is classi-
should remain blank on the PA-
All PA-20S/PA-65 Schedules CP
fied as a partnership for federal in-
20S/PA-65 Schedule CP.
must be filed with the PA-65
come tax purposes is located outside
Corp, Directory of Corporate Partners
Providing the address in this format
the U.S., it is important to write the for-
and provided to the corporate partners
will better ensure that the department
eign address on the PA-20S/PA-65
for filing their RCT-101, PA Corporate
is able to contact the entity if we need
Schedule CP, according to U.S. Postal
Net Income Tax Report. Partnerships
additional information.
Service standards.
that are 100 percent corporate owned
Below are two examples of properly
must list all corporate partners on the
Failure to use these standards may
delay processing of correspondence
completed foreign addresses.
PA-65 Corp Directory whether the cor-
www.revenue.pa.gov
PA-20S/PA-65 CP
1
Foreign Address Examples
Corporate Partner Percentage
LINE INSTRUCTIONS
Name: DIETRICH ENTERPRISES
Enter the corporate partner’s (C corpo-
Address 1: HARTMANNSTRASSE 7
ration) percentage of profit sharing,
PART II
Address 2: 5300 BONN 1
loss sharing, and ownership of capital.
City: GERMANY
GENERAL INFORMATION FOR
First Line of Address
State: OC
THE PARTNERSHIP
Enter the street address. If the address
ZIP Code: Leave Blank
Name of Partnership Issuing
has an apartment number, suite or RR
This Form
OR
number, enter after the street address.
Enter the complete name of the
Name: DIETRICH ENTERPRISES
Eliminate all punctuation such as
partnership.
Address 1: 117 RUSSELL DR
apostrophes, commas, periods and
Address 2: LONDON W1PGHQ
hyphens.
Partnership FEIN
City: ENGLAND
Enter the nine-digit federal employer
NOTE: If the street address
State: OC
identification number (FEIN) of the
along with the apartment num-
ZIP Code: Leave Blank
partnership issuing this form.
ber, suite or RR number does not fit
Canada (Only) Address Example
on the first line of address, then enter
Address
The following address format may
the street address on the second line
Enter the street address. If the address
be used when the postal address
of address and the apartment number,
has an apartment number, suite or RR
delivery zone number is included in
suite or RR number on the first line
number, enter after the street address.
the address:
of address.
Then on the second address line,
enter the post office box if applicable.
Name: NORTH BY NORTHWEST CO
Second Line of Address
If no street address is present, enter
Address 1: 1010 CLEAR ST
Enter the post office box, if appropri-
the P.O. Box on the first address line.
Address 2: OTTAWA ONT K1A OB1
ate. If there is no post office box, leave
City: CANADA
For a foreign address, enter the city or
the second line of address blank. Elim-
State: OC
municipal designation. See Foreign
inate all punctuation such as apostro-
ZIP Code: Leave Blank
Address Examples.
phes, commas, periods and hyphens.
If the entity’s address does not fit in the
For Canadian addresses, enter the city
For a foreign address, enter the city or
available spaces on the PA-20S/PA-65
and postal delivery zone number. See
municipal designation. See Foreign
Schedule CP using this format, please
Canada Address Example.
Address Examples.
include a separate statement with the
City or Post Office, State and ZIP
form showing the complete address.
For Canadian addresses, enter the city
Code
and postal delivery zone number. See
NOTE: For a Canadian address,
Enter the appropriate information in
Canada Address Example.
two spaces must exist between
each box. Eliminate all punctuation
the province abbreviation and the
such as apostrophes, commas, peri-
IMPORTANT: If the address has
postal code. Please review previous
ods and hyphens.
only a post office box, enter on
example where “ONT” (province ab-
the first line of address.
For Canadian and international ad-
breviation) and “K1A OB1” (postal
dresses, the bottom lines of the ad-
City or Post Office, State
code) are shown separated by two
dress should show only the country
and ZIP Code
spaces in the address format.
name, written in full (no abbreviations)
Enter the appropriate information in
and in capital letters. See Foreign Ad-
PART I
each box. Eliminate all punctuation
dress Example and Canada Address
such as apostrophes, commas, peri-
Examples.
GENERAL INFORMATION FOR
ods and hyphens.
THE CORPORATE PARTNER
Date Partnership Began Doing
For Canadian and international ad-
Business in Pennsylvania
Name of Corporation
dresses, the bottom lines of the
Enter the date (MMDDYYYY) the part-
Enter the name of the nonfiling corpo-
address should show only the country
nership began doing business in
rate partner (C corporation).
name, written in full (no abbreviations)
Pennsylvania.
and in capital letters. See Canada
Revenue ID
PART III
Address Example.
Enter the 10-digit Revenue ID, if appli-
cable.
Date C Corporation Became
Income or Loss and Deductions
a Partner
Corporate Partner FEIN
for Corporate Partner from Federal
Schedule K-1
Enter the date (MMDDYYYY) the C
Enter the nine-digit federal employer
identification number (FEIN) of the cor-
corporation became a partner in
On the following lines, enter the in-
come or loss and deductions for the
porate partner (C corporation).
the partnership.
2
PA-20S/PA-65 CP
www.revenue.pa.gov
corporate partner from federal Sched-
IMPORTANT: Partnerships must
LINE 7
ule K-1.
include income subject to the
Repatriation Transition Tax (i.e. un-
Royalties
LINE 1
taxed earnings and profits from foreign
Enter the amount of income or loss
corporations) that is reported on the
from royalties from the correspon-
Ordinary Income or Loss from
Other income line of the federal K-1.
ding line of federal Form 1065 Sched-
Trade or Business Activities
For more information on the Repatria-
ule K-1.
Enter the amount of income or loss
tion Transition Tax, please see Infor-
from the corresponding line of federal
LINE 8
mation Notice Corporation Taxes and
Form 1065 Schedule K-1.
Personal Income Tax 2018-1: Tax Cuts
Net Short-Term Capital
and Jobs Act of 2017.
LINE 2
Gain or Loss
LINE 13
Enter the amount of income or loss
Net Income or Loss from
from short-term capital gains from the
Rental Real Estate Activities
corresponding line of federal Form
Total Income or Loss
Enter the amount of rental income or
1065 Schedule K-1.
Total Lines 1 through 12.
loss derived from real estate from the
LINE 9
corresponding line of federal Form
LINE 14
1065 Schedule K-1.
Net Long-Term Capital
Apportionment from the
Gain or Loss
LINE 3
PA-20S/PA-65 Schedule H-Corp
Enter the amount of income or loss
Enter the percentage of apportionment
Net Income or Loss from Other
from long-term capital gains from the
from PA-20S/PA-65 Schedule H-Corp.
Rental Activities
corresponding line of federal Form
1065 Schedule K-1.
LINE 15
Enter the amount of rental income or
loss from the corresponding line of fed-
LINE 10
Income Apportioned
eral Form 1065 Schedule K-1.
to Pennsylvania
Net IRC §1231 Gain or Loss
LINE 4
Multiply Line 13 by Line 14. If Line 15
Enter the amount of IRC §1231 gain
is a loss, enter zero.
or loss from the corresponding line of
Guaranteed Payments
federal Form 1065 Schedule K-1.
LINE 16
Enter the amount of guaranteed pay-
ments from the corresponding line of
LINE 11
Corporate Net Income
the federal Form 1065 Schedule K-1.
Tax Withholding
Net Gain or Loss from Disposal of
LINE 5
Multiply Line 15 if greater than zero by
IRC §179 Property
0.0999 and enter the result on Line 16.
Enter the amount of income or loss
Interest Income
The amount on Line 16 represents the
from the disposition of IRC §179 Prop-
amount of corporate net income tax
Enter the amount of interest income
erty from the corresponding line of fed-
withholding required for the C corpora-
from the corresponding line of federal
eral Form 1065 Schedule K-1.
tion by the partnership.
Form 1065 Schedule K-1.
LINE 12
Send a copy of this withholding state-
LINE 6
ment to the corporate partner listed on
Other Income, Loss or Deductions
PA-20S/PA-65 Schedule CP. Each cor-
Ordinary Dividends
Enter the amount of other income, loss
porate partner also must receive a
Enter the amount of income from ordi-
or deductions (submit statement). In-
copy of the PA-20S/PA-65 Schedule
nary dividends from the correspon-
clude any amount that is reported on
H-Corp.
ding line of federal Form 1065
the corresponding line of federal Form
Schedule K-1.
1065 Schedule K-1.
www.revenue.pa.gov
PA-20S/PA-65 CP
3
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