Get Pa Rev-1123 2017

Filling out the PA REV-1123 form is essential for entities wishing to elect to pass the Educational Improvement Tax Credit or Opportunity Scholarship Tax Credit to their owners. This guide provides detailed, step-by-step instructions to assist you in completing the form accurately and efficiently.

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

1. Click ‘Get Form’ button to access the form and open it in your editor.
2. Begin by filling out Section I with your Pass-Through Entity Name, Date Received, Address, Fax Number, Telephone Number, Email Address, and Identification Number.
3. Enter the Total EITC/OSTC awarded in the tax year available for pass-through, along with the Contribution Date.
4. Provide the amount of EITC/OSTC to be applied to the entity's liability.
5. Specify the amount of EITC/OSTC to be passed through to shareholders, members, or partners.
6. Answer either question (A) or (B) regarding the passing through of remaining credits for the owners in the designated tax years.
7. Complete the declaration at the end of Section I by providing the Signature of Company Official, Date, Printed Name, and Title or Affiliation to the Entity.
8. In Section II, list each shareholder, member, or partner receiving the pass-through credit, along with their Name, Address, Social Security Number, Percentage of Distributive Income, Total Amount of EITC/OSTC Credit, and Taxable Year for the pass-through.
9. Review all entries for accuracy, as corrections may require resubmission. Save your changes, and upon completion, you can download, print, or share the form.

Complete your forms online today to ensure compliance and take advantage of your tax credits.