Get Pa Rev-1123 2015

Filling out the PA REV-1123 form online is an essential task for any organization utilizing the Educational Improvement Tax Credit or the Opportunity Scholarship Tax Credit. This guide provides clear instructions to ensure accuracy in completing each section of the document, helping users navigate the process with confidence.

Follow the steps to fill out the PA REV-1123 online effectively.

1. Click the ‘Get Form’ button to access the PA REV-1123 form online. This will allow you to open the document in the appropriate editor for completion.
2. Fill in Section I with your entity name, date received (if applicable), address, fax number, telephone number, email address, and identification number. Ensure all fields are filled in using uppercase letters, avoiding any dashes or slashes.
3. Indicate the total EITC/OSTC awarded in the tax year and provide the contribution date. Enter the amounts clearly in the designated fields.
4. Specify the amount of EITC/OSTC to be applied to the entity’s liability, and then detail the amount to be passed through to shareholders, members, or partners.
5. Answer only one of the following questions regarding the passthrough of EITC/OSTC. Indicate whether the remaining credit will be passed through for use by the owners in the same or the following tax year.
6. In the signature area, a corporate officer, general partner, or limited liability company member must sign and date the form. Ensure the printed name and title are filled in.
7. Complete Section II for each individual receiving a pass-through credit. Include names, social security numbers, percentage of distributive income, total amounts of EITC/OSTC credit, and the taxable year for application.
8. Review all entries for accuracy. Once satisfied, save the changes made to the form. You can then download, print, or share the completed document as needed.

Start filling out the PA REV-1123 online today to ensure you take full advantage of available tax credits.