Get Pa Rev-1123 2013

Filling out the PA REV-1123 form online is essential for electing the Educational Improvement Tax Credit or Opportunity Scholarship Tax Credit. This guide offers comprehensive, step-by-step instructions to help users easily complete the form accurately.

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

1. Click the ‘Get Form’ button to access the form and open it in your editor.
2. Begin by entering the pass-through entity name in the designated field. After that, fill in the date received, address, telephone number, fax number, email address, and the identification number (Revenue ID, FEIN, or SSN).
3. In Section I, indicate the total EITC/OSTC awarded in the tax year available for pass-through, by entering the contribution date and amount.
4. Specify the amount of EITC/OSTC to be applied to the entity’s liability, and the amount intended to be passed through to shareholders, members or partners.
5. Answer the question regarding whether the remaining EITC/OSTC will be passed through for use by the owner(s) in the year of contribution or the following year. Select 'yes' or 'no' for each question.
6. Proceed to Section II, where you will need to complete the information for each shareholder, member or partner receiving a pass-through tax credit. Fill out their names, addresses, Social Security numbers, percentages of distributive income, total amounts of EITC/OSTC credit to pass through, and the taxable year for application.
7. Ensure all entries are accurate and complete. Once finished, you can save changes, download the completed form, or print it for submission.

Complete your PA REV-1123 form online today to ensure your tax credits are processed efficiently.