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Pennsylvania
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Details:
• TENTATIVE LEGISLATIVE CHANGES:
There is at least one legislative tax change that might affect PIT. The potential partial moratorium on some of the restricted tax credits will affect PA Schedule OC. It will not affect the forms that we are aware of but if it is passed it will affect the amount of the credit transferred to the PA-40 from this schedule for certain tax credits.
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OBSOLETE FORMS:
• PA-40 Schedule C-F Reconciliation and PA Schedule OC-V
are now obsolete.
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PA-40: Mostly only minor punctuation changes (commas, capitalizations,
etc.). The only major change is line 27 is now called “Total Payment Due” instead of “Total Payment”.
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PA-40 booklet:
Schedule C-F Reconciliation is no longer available and has been removed from the booklet.
Schedule O has a new $13,000 limit on the amount of allowable deduction per beneficiary, up from $12,000 in prior years. The corresponding instructions in the booklet have also been updated.
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Single forms:
Because Schedule C-F reconciliation is no longer being used, the instructions for Schedules C and F have been modified to include information about PA adjustments to federal figures.
• PA Schedule OC:
The instructions for Line 12 to claim Volunteer Responder Retention and Recruitment tax credit have been changed to instruct taxpayers how to use carry-over credit instead of original credit.
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Schedules G-S and G-L:
Some instructions changes (formatting and language) to make them more readable to the average person as well as punctuation changes on the form (capitalization, commas, etc.) and in the instructions.
• PA-40 booklet instructions only:
An item was added to - Income Not Taxable for PA PIT Purposes:
“Payments received under federal trade assistance, trade adjustment allowances and alternative adjustment assistance.” was added to the list.
• Line 27 (Total Payment Due) instructions were changed to better explain the calculation method when penalties and interest are applied to an account. The instructions now read: “Add Lines 25 and 26. Or, if Line 12 plus Line 26 is more than Line 24, add Lines 12 and 26 and subtract Line 24. You must pay the total due, in full, on or before April 15, 2010. See the instructions for payment options beginning on Page 23. (underlined print indicates the changes)
Paying with a Debit Card is now an option for making tax payments. The fee is $3.95 per D15transaction and the instructions were updated to include this option and fee.
• Schedule UE instructions: The instructions for deducting moving expenses were updated so that they are in line with our policy. They now read – “You may not deduct expenses for selling or purchasing a house; breaking a lease; house hunting; lodging prior to moving; seeking new employment; moving for your own convenience; relocating to a new job or workplace less than 35 miles farther than your old commute from home to work; or moving anywhere other than within or into Pennsylvania.”
• Schedule UE continued: The instructions for Lines a to h for Actual Office or Work Area Expenses was augmented with “Include statements detailing property maintenance and other apportionable expenses”.
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Line 6 instructions for Schedule D and Line 22 instructions for Schedule E were updated to include the following instruction – Include a statement if gain or loss (Schedule D) rent or royalty income (loss) (Schedule E) from any pass-through entity is reported on this line.
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PA-1000 Property Tax or Rent Rebate Program
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PA-1000 form and schedules: no substantive changes—only minor punctuation changes (commas, capitalizations, etc.).
• PA-1000 booklet instructions only:
We added some text to Line 2 instructions to clarify procedures for widows and widowers.
We added information about checking rebate claims online via the new Where’s My Rebate feature of the e-Services Center.
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REV-276 Application for Extension of Time to File:
Instructions were revised under Reason for Extension and Period of Extension as a result of the change to the extension period policy for estates, trusts, partnerships and S corporations now being in place for a second year and not being new. The second and third sentences in the first paragraph under Reason for Extension were deleted. The first sentence under Period of Extension was modified so that the last part of the sentence now reads “….the extension of time on an application will be a period of five (5) months.” The next sentence was deleted in this paragraph.
PA-20S/PA-65 Schedule RK-1
• Title of schedule – changed to lower case. The first letter of each word
is upper case.
• Part I – “year end” was changed to “year-end” and “Owners” was changed to
“Owner.”
• Line 1 – “PA Taxable” was changed to “PA-Taxable.”
• Line 4 – the comma was deleted after “Exchange.”
• Line 5 – the comma was deleted after “Patents.”
• Line 8 - “Out-of-State Credits for Resident Partners and Shareholders” was changed to “Resident Credit.”
• Line 10 – the comma was deleted after “Securities.”
• Line 14 – “AAA” was changed to Accumulated Adjustments Account.”
• Line 15 –the comma was deleted after “Securities.”
• Line 16 – “supplemental” and the parentheses were deleted.
PA-20S/PA-65 Schedule NRK-1
• Title of schedule – changed to lower case. The first letter of each word
is upper case.
• Part I – “year end” was changed to “year-end” and “Owners” was changed to
“Owner.”
• Line 1 – “PA Taxable” was changed to “PA-Taxable.”
• Line 2 – the comma was deleted after “Exchange.”
• Line 3 – the comma was deleted after “Patents.”
• Line 10 “PA Apportioned” was changed to “PA-Apportioned.”
• Line 12 – “AAA” was changed to Accumulated Adjustments Account.”
• Line 14 – “supplemental” and the parentheses were deleted. |
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