Underpayment of Employer Withholding Tax Include the amount of the underpayment on Line 2, Total PA Withholding Tax, of the quarterly withholding return. Important: To avoid the 5 percent per month underpayment penalty, the amendment must be made on the quarterly return for the period of the under remittance.
Register a Foreign Corporation in PA You can get one by filing a Foreign Registration Statement and a Docketing Statement with the Pennsylvania Secretary of State, Corporations Bureau. After you submit your forms, the state of Pennsylvania will return a completed Certificate of Authority to you.
Beginning tax year 2024, the income threshold for when estimated payments are required to be made has increased from $8,000 to $9,500. This threshold will continue to increase each year per legislation that was passed in 2022.
SAFE HARBOR RULES For each installment period, the timely estimated tax payments and credits are at least 90 percent of the actual tax due on the income earned or received for each installment period.
(a) If there is a failure to file a return on or before the due date prescribed on or before the date to which an extension has been granted, there shall be added to the amount required to be shown as tax on the return 5% of the amount of the tax, as the penalty, unless it is shown that the failure to file a return is ...