Get Pa Rev-1123 2018

The PA REV-1123 form is essential for reporting the Educational Improvement Tax Credit and the Opportunity Scholarship Tax Credit for pass-through entities. This guide will provide you with detailed instructions on how to accurately fill out the form online, ensuring compliance and clarity in your submission.

Follow the steps to successfully complete the PA REV-1123 online.

1. Click ‘Get Form’ button to access the PA REV-1123 and open it in your preferred online editor.
2. In Section I, begin by entering the pass-through entity name, address, telephone number, fax number, and email address. Ensure that all information is accurate and complete.
3. Fill in the identification number (FEIN or SSN) and the total amount of the EITC/OSTC awarded for the relevant tax year. Make sure to refer to the award letter for the correct amount.
4. If applicable, enter the FEIN of the forwarding pass-through entity in Line 2. This information is crucial if the EITC/OSTC is being passed through from one entity to another.
5. Document each contribution in Line 3 by providing the contribution date and the amounts. Ensure to total these contributions accurately.
6. Proceed to Lines 4 and 5 to indicate whether the awarded EITC/OSTC will be passed through for the current tax year or the following year. Remember, only one option may be selected.
7. In the signature area, the company official must sign and date the form. Include their printed name and title to certify the submission.
8. Continue to Section II to enter information for each owner receiving the pass-through credit. Fill in their name, address, social security number, distributive income percentage, and the total EITC/OSTC credit amount.
9. Ensure that the information is complete, as additional sheets may be necessary if there are more owners than the space allows.
10. After reviewing all information for accuracy, save your changes. Depending on your needs, you can download, print, or share the completed form.

Complete your PA REV-1123 online today to ensure your tax credits are accurately reported.