Enlarge image | IMPORTANT: FILL IN FORM MUST BE DOWNLOADED ONTO YOUR COMPUTER PRIOR TO COMPLETING 2023 PA-20S/PA-65 ES PARTNERSHIP AND PA S CORPORATION (DR) 06-22 DECLARATION OF ESTIMATED WITHHOLDING TAX FOR PARTNERSHIPS AND S CORPORATIONS DECLARATION OF ESTIMATED WITHHOLDING TAX, FORMS AND TIMEFRAME TO MAKE NONRESIDENT (PA-20S/PA-65 ES (P/S)) WITHHOLDING TAX PAYMENTS The PA-20S/PA-65 ES (P/S) is used by a partnership or PA Partnerships and PA S corporations with taxable PA-source S corporation, to remit its nonresident withholding tax income are required to withhold and remit PA personal payments. These instructions provide information regarding income tax from the income of the nonresident owners. The the nonresident withholding tax. withholding must be remitted to the department by April 15th for calendar year filers (or the 15th day of the fourth month WHO MUST WITHHOLD AND REMIT after the close of the taxable year for fiscal year filers). The Partnerships, and PA S corporations with taxable PA-source department encourages withholding to be remitted quarterly income are: throughout the tax year using the PA-20S/PA-65 ES (P/S) • Jointly liable with their nonresident partners, coupon. Final withholding payments should be remitted with shareholders and members for payment of tax on such the PA-20S/PA-65 or REV-276 (in the case of an extension income to the extent allocable to the nonresidents; and or short period return). • Authorized and required to withhold such tax from the ELECTRONIC SERVICES nonresidents and remit the tax to Pennsylvania. Individuals can remit estimated, extension and tax due The imposition of the tax against the partnership and PA payments through the department's myPATH portal. Visit S corporation does not change the filing requirements or mypath.pa.gov and select Make a payment to pay via the tax liability of its nonresident partners, shareholders electronic funds transfer. Payments made after December or members. 31, 2021, equal to or greater than $15,000 must be made electronically. Payments not made electronically will be The nonresidents are entitled to claim a credit on their subject to a penalty equal to 3% of the payment amount not annual returns for the tax withheld and treat the income as to exceed $500. income subject to withholding in calculating any other personal estimated taxes. The partnership and PA S HOW TO COMPLETE THE PA-20S/PA-65 ES (P/S) corporation may not reduce its withholding requirement by Use a separate PA-20S/PA-65 ES (P/S) for each payment. any estimated payments made by the nonresident owner. • For fiscal filers only, enter the Beginning and Ending tax PENALTY FOR FAILURE TO WITHHOLD period dates; Pennsylvania law imposes a penalty for failure to remit • Enter the payment in the Payment Amount block; nonresident withholding on or before the 15th day of the • Make the check or money order payable to PA fourth month following the end of the taxable year. The Department of Revenue, printing the entity’s FEIN and penalty is 5 percent per month or fraction thereof, to a “2023 Nonresident Tax Payment” on the check or maximum of 50 percent, of the nonresident withholding due. money order; t Detach here t ✁ PA-20S/PA-65 ES (P/S) 2023 PA-20S/PA-65 ES (P/S) DECLARATION OF ESTIMATED WITHHOLDING TAX (DR) 06-22 (FI) EMPLOYER IDENTIFICATION NUMBER TYPE OF ACCOUNT DATE FILED START Ü C – (PARTNERSHIP, ASSOCIATION or PA S CORPORATION) FISCAL FILERS ONLY - BEGINNING NAME NAME (CONTINUED) FISCAL FILERS ONLY - ENDING FIRST LINE OF ADDRESS (P.O. BOX, APT. NO., SUITE, FLOOR, RR NO., ETC.) PAYMENT AMOUNT SECOND LINE OF ADDRESS s s DECLARATION OF THE ESTIMATED TAX CITY STATE ZIP PHONE NUMBER s s Make check or money order payable to the Pennsylvania DEPARTMENT USE ONLY Department of Revenue 2302510058 Reset Entire Form NEXT PAGE PRINT |
Enlarge image | • Do not staple or attach the payment the PA-20S/PA-65 IMPORTANT: When filing the PA-20S/PA-65 ES (P/S), ES (P/S); Mail the payment and the PA-20S/PA-65 ES enter the FEIN of the partnership or PA S corporation; (P/S) to the following address: never use the Social Security number of an owner. PA DEPARTMENT OF REVENUE Complete all required information on the coupon, including PO BOX 280403 the fiscal year information, if applicable, as well as the HARRISBURG PA 17128-0403 payment amount and or the declaration of tax. 2023 PA NONRESIDENT WITHHOLDING TAX WORKSHEET FOR PARTNERSHIPS AND PA S CORPORATIONS (Use the worksheet below to help calculate and track your nonresident withholding for the year.) SECTION I 2023 PA NONRESIDENT WITHHOLDING (Keep for Your Records) 1. Enter the 2023 PA-taxable income the partnership or PA S corporation expects to realize from PA sources. . . . . . . . . . .1. 2. Multiply Line 1 by 3.07% (0.0307). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. SECTION III 2023 RECORD OF NONRESIDENT WITHHOLDING TAX PAYMENTS (if more than six, make a copy of this worksheet) Payment (A) Date (B) Amount Payment (A) Date (B) Amount 1 4 2 5 3 6 Total SECTION IV 2023 FINAL NONRESIDENT WITHHOLDING TAX WORKSHEET 1. Enter the total PA-taxable income from PA sources from the 2023 PA-20S/PA-65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1. 2. Enter the total nonresidents’ distributive shares of Line 1 above, totaled from PA Schedules NRK-1. . . . . . . . . . . . . . . . .2. 3. Total 2023 PA Nonresident Withholding. Multiply Line 2 by 3.07% (0.0307). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3. 4. Allowable PA Credits from Schedule OC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. 5. The nonresidents’ distributive share of Line 4 above from PA Schedules NRK-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5. 6. Total nonresident withholding paid for the taxable year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. 7. Total credits and withholding payments. Add Lines 5 and 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7. 8. Nonresident withholding due with final return. Subtract Line 7 from Line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8. LINE 8 IS THE PAYMENT THAT MUST BE REMITTED WITH THE ANNUAL RETURN (PA-20S/PA-65). IN ADDITION, FOR PARTNERSHIPS OR S CORPORATIONS, YOU MUST ALSO COMPLETE PA-20S/PA-65 SCHEDULE NW AND INCLUDE IT WITH FORM PA-20S/PA-65. RETURN TO COUPON |