Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation Without Payroll In Pennsylvania
State:
Multi-State
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
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FAQ
Pennsylvania S corporations are subject to the corporate net income tax only to the extent of built-in-gains.
Withholding tax payments, quarterly returns, and annual reconciliations must be submitted electronically to the department through myPATH, the department's online business tax filing system. All payments of $1,000 or more must be remitted by Electronic Funds Transfer (EFT).
Pennsylvania does not have a form similar to the federal W-4 form, since Pennsylvania Personal Income Tax is based on a flat tax rate and everyone pays the same rate.
Pennsylvania Corporate Name. The name must contain either the word or the abbreviation of "Corporation," "Company," Incorporated" or "Limited." The name must be distinguishable from that of any domestic or foreign corporation registered in the state. Director information. Requirements for the Articles of Incorporation.
If you're a physician assistant (PA), you SHOULD form a Professional Corporation taxed as an S-Corporation.
Income earned by a not-for-profit entity that relates to its tax-exempt mission is not subject to the Business Income & Receipts Tax. However, income earned that is not related to a not-for-profit's tax exempt mission is recognized as unrelated business income and is subject to the Business Income & Receipts Tax.
Extended Deadline with Pennsylvania Tax Extension: Pennsylvania offers a 60-day extension for corporations that don't have a valid Federal tax extension. If a corporation has a 6-month Federal extension and owes zero state tax, a Pennsylvania extension will automatically be granted for the same period of time.