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  • Rev 1640 Ct 11 04

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REV-1640 CT (11-04) REV-1640 CT (11-04) PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF CORPORATION TAXES PA ?S? UNIT PO BOX 280705 HARRISBURG, PA 17128-0705 PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU.

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An S corporation is subject to Pennsylvania corporate net income tax only to the extent of its built-in gains. Some states require an S corporation to make a separate S corporation election at the state level, but Pennsylvania no longer requires that.

Businesses that elect federal subchapter S status are considered Pennsylvania S corporations and are subject to the 9.99 percent corporate net income tax only to the extent of built-in-gains. Rather, shareholders in the businesses considered S Corporations are taxed at the personal income tax rate, 3.07 percent.

Follow these five steps to start a Pennsylvania LLC and elect Pennsylvania S corp designation: Name Your Business. Choose a Registered Office. File the Pennsylvania Certificate of Organization. Create an Operating Agreement. File Form 2553 to Elect Pennsylvania S Corp Tax Designation.

An S corporation is subject to Pennsylvania corporate net income tax only to the extent of its built-in gains. Some states require an S corporation to make a separate S corporation election at the state level, but Pennsylvania no longer requires that.

To qualify as an S corporation in Pennsylvania, an IRS Form 2553 must be filed with the Internal Revenue Service. In very few states, you will also be required to file a separate state election, as specified by that state, in order to qualify as a Sub S Corporation.

The District of Columbia, New Hampshire, Tennessee, New York City and Texas do not afford special treatment to S corporations. Similarly, Louisiana taxes S corporations as C corporations, but allows an exclusion regarding the portion of income with respect to which Louisiana shareholders pay income tax.

Starting a Pennsylvania LLC and electing S corp tax status is easy.... Step 1: Name Your LLC. ... Step 2: Choose Your Pennsylvania Registered Agent. ... Step 3: File the Pennsylvania LLC Certificate of Organization. ... Step 4: Create an LLC Operating Agreement. ... Step 5: Get an EIN and Complete Form 2553 on the IRS Website.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232