×
tax forms found in
Tax Form Code
Tax Form Name

Idaho Free Printable Form PTE-12, Schedule of Pass-through Owners and Instructions 2019 for 2020 Idaho Idaho Schedule For Pass-Through Owners with Instructions

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2019-idaho-form-pte-12.pdf, and you can print it directly from your computer.

Idaho Schedule For Pass-Through Owners with Instructions
Form PTE-12, Schedule of Pass-through Owners and Instructions 2019

Form PTE-12 Schedule of Pass-through Owners (Required with Forms 41S, 65 or 66) Pass-through entity (PTE) name PTE EIN PTE tax year beginning Contact name Contact phone number Contact email address Other Owner’s Name (one owner per line) EIN or Social Security Number (a) (c) (b) Idaho Idaho Filing Distributable Distributable Code Income Income Owner’s Address City, State and ZIP Code Total Columns (b), (c), (d), (e) and (f)  If you have more than one schedule, enter the total amounts on the last page only. Page EFO00241 12-04-2019 Composite of (d) Income Tax Paid by Entity PTE tax year ending Withholding (f) (e) Income Idaho Distributable Tax Withheld by Entity Income Form PTE-12 — Instructions Schedule of Pass-through Owners General Instructions Form PTE-12 is the reconciliation schedule you include with the entity’s Idaho income tax return (Form 41S, Form 65 or Form 66) as required by Idaho Code section 63-3036B. Include each owner’s complete information whether the owner has Idaho distributable income or a loss. If you’re filing Form 66, refer to the Form 66 Specific Instructions for information on completing Form PTE-12. A pass-through entity includes a partnership, a limited liability company taxed as a partnership, an S corporation or a trust or estate. Income, loss, deductions and credits typically flow through and the owner pays the tax. The entity can choose to pay the tax for Idaho nonresident individual owners on the entity’s composite return. The definition of “individual” includes: • Natural persons • Grantor trusts • Qualified subchapter S trusts and • Single-member LLCs that haven’t elected to be classified as a corporation and are treated as disregarded entities for federal purposes have other Idaho reporting requirements. They aren’t included in a composite filing and aren’t subject to withholding. • The entity includes the owner(s) information on the PTE-12. Enter “N” in the Filing Code column Nonresident individual owners with Idaho distributable income of at least $1,000 An entity has three options: Composite filing Only complete columns a, c and d. • The entity pays the tax for the nonresident individual owner(s) on the entity’s return at the corporate tax rate (6.925%) • The entity includes the nonresident individual owner’s information on the PTE-12. Enter “C” in the Filing code column Pass-through entity withholding on Form PTE-01 Only complete columns a, e and f. • The entity pays Idaho income tax withholding computed at the highest individual rate (6.925%) on the nonresident individual owner’s Idaho-source distributable income from the entity A pass-through entity transacting business in Idaho with income taxable in Idaho has reporting requirements for each pass-through owner type. • The entity submits withholding to the Tax Commission using Form PTE-01 for each nonresident individual owner Resident and part-year resident individuals Only complete columns a and b. • The entity includes the nonresident individual owner’s information on the PTE-12. Enter “W” in the Filing code column • These owners must report the income from the entity on their Idaho individual income tax returns. They can’t be included in a composite filing and aren’t subject to withholding. • The entity includes resident and part-year resident individual owner information on the PTE-12. Enter “R” in the Filing Code column Corporations, partnerships, trusts and estates Only complete columns a and b. • These owners must report the income on their Idaho return • Include the owner information on the PTE-12. Enter “N” in the Filing Code column Nonresident individual owners with Idaho distributable income of less than $1,000 Only complete columns a and b. Form PTE-NROA (Nonresident Owner Agreement) Only complete columns a and b. • The nonresident individual owner can submit a signed agreement (PTE-NROA) to the entity • This allows the nonresident individual owner to file an Idaho return to report the Idaho-source distributable income from the entity and pay the required tax due • If the entity receives the signed agreement from the nonresident individual owner and approves it, the entity doesn’t include the individual in a composite filing or pay withholding to the Tax Commission on the owner’s behalf • The entity includes the nonresident individual owner’s information on the PTE-12. Enter “A” in the Filing Code column • These owners must report the income from the entity on their Idaho income tax returns if they EIN00054 11-13-2019  Page 1 of 2 Form PTE-12 — Instructions Specific Instructions (continued) Column (b) Idaho Distributable Income If you enter filing code “A,” “N” or “R” in Column (a), enter the Idaho distributable income in this column. Heading Enter the entity’s name and Employer Identification Number (EIN) in the space provided. Enter the total amount of the owner’s pass-through income. This is the proportionate or distributive share of income for an owner multiplied by the pass-through entity’s Idaho apportionment factor. Pass-through income may also include guaranteed payments. (See Guaranteed Payments Guidance at tax.idaho.gov). Enter the total for this column on either Form 41S, line 40 or Form 65, line 38. Entity’s Tax Year Beginning and Ending Enter the beginning and ending date of the entity’s tax year. Contact Name and Phone Number Enter the name, phone number and email address of a person we can contact about the information reported on Form PTE-12. Owner’s Name and Social Security Number or EIN Enter the name and corresponding Social Security number or EIN of each owner as shown on the Idaho income tax return, one owner per line. Address Enter the owner’s address, city, state and ZIP Code. Column (a) Filing Code Enter one of the following letters corresponding to the filing code for the owner. Agreement (A) The nonresident individual owner has provided an Idaho nonresident owner agreement (Form PTE-NROA). By entering the “A” filing code, the entity agrees that it received and approved the agreement from the individual and acknowledges that the entity is liable for any tax due if the individual doesn’t file a return and pay the tax as agreed. Composite (C) The nonresident individual owner is included in a composite return. If the owner isn’t an individual,* the income can’t be included on a composite return and code “C” can’t be used. Not Required (N) The owner isn’t subject to backup withholding. Backup withholding isn’t required on income of less than $1,000. Don’t withhold on the income of owners and beneficiaries if they aren’t natural persons (including corporations, partnerships, trusts and estates).* Resident (R) The owner is an Idaho resident or part-year resident filing an Idaho individual income tax return. Withholding (W) The entity is paying backup withholding on behalf of a nonresident individual owner on Form PTE-01. Withholding can’t be paid on behalf of another entity* and code “W” can’t be used. *See General Instructions for definition of “individual.” Column (c) Idaho Distributable Income If you enter filing code “C” in Column (a), enter in this column the Idaho distributable income of the nonresident individual owners included in the composite return. Enter the total amount of the owner’s pass-through income. This is the proportionate or distributive share of income for an owner multiplied by the pass-through entity’s Idaho apportionment factor. Pass-through income may also include guaranteed payments. (See Guaranteed Payments Guidance a tax.idaho.gov.) Enter the total for this column on either Form 41S, line 42, Form 65, line 40 or Form 66, line 14. Column (d) Income Tax Paid by Entity If you enter filing code “C” in Column (a), enter in this column the tax paid on behalf of the nonresident individual owner by the entity on the composite return. For those individuals with positive income, compute the tax by multiplying the income by the tax rate of 6.925%. Enter the total for this column on either Form 41S, line 43 or Form 65, line 41. Column (e) Idaho Distributable Income If you enter filing code “W” in Column (a), enter in this column the Idaho distributable income of the nonresident individual owner who’s subject to withholding by the entity. Enter the total amount of the owner’s pass-through income. This is the proportionate or distributive share of income for an owner multiplied by the pass-through entity’s Idaho apportionment factor. Pass-through income may also include guaranteed payments. (See Guaranteed Payments Guidance at tax.idaho.gov.) Enter the total for this column on either Form 41S, line 41 or Form 65, line 39. Column (f) Income Tax Withheld by Entity If you enter filing code “W” in Column (a), enter in this column the tax withheld on behalf of the nonresident individual owner. The total amount reported should match the total amount paid on the PTE-01s. Don’t send payments or PTE-01s with the entity return. Contact us: In the Boise area: (208) 334-7660 | Toll free: (800) 972-7660 Hearing impaired (TDD) (800) 377-3529 tax.idaho.gov/contact EIN00054 11-13-2019  Page 2 of 2
Extracted from PDF file 2019-idaho-form-pte-12.pdf, last modified December 2019

More about the Idaho FORM PTE-12 Corporate Income Tax Tax Return TY 2019

We last updated the Idaho Schedule For Pass-Through Owners with Instructions in March 2020, so this is the latest version of FORM PTE-12, fully updated for tax year 2019. You can download or print current or past-year PDFs of FORM PTE-12 directly from TaxFormFinder. You can print other Idaho tax forms here.

Other Idaho Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Idaho income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
FORM 41 Idaho Corporation Income Tax Return
FORM 42 Idaho Apportionment And Combined Reporting Adjustments
FORM 56 Idaho Net Operating Loss
FORM PTE-12 Idaho Schedule For Pass-Through Owners with Instructions
FORM 41ES Quarterly Estimated Tax/Extension of Time Payment

Download all ID tax forms View all 66 Idaho Income Tax Forms


Form Sources:

Idaho usually releases forms for the current tax year between January and April. We last updated Idaho FORM PTE-12 from the State Tax Commission in March 2020.

Show Sources >

FORM PTE-12 is an Idaho Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Idaho FORM PTE-12

We have a total of eight past-year versions of FORM PTE-12 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 FORM PTE-12

Form PTE-12, Schedule of Pass-through Owners and Instructions 2019

2018 FORM PTE-12

Form PTE-01, Income Tax Withheld for an Individual Nonresident Owner of a Pass-through Entity

2017 FORM PTE-12

Form PTE-01 - Idaho Income Tax Withheld for an Individual Nonresident Owner of a Pass-through Entity

2016 FORM PTE-12

Form PTE-12 - Idaho Schedule for Pass-through Owners

Idaho Schedule For Pass-Through Owners with Instructions 2015 FORM PTE-12

FORM PTE-12

Idaho Schedule For Pass-Through Owners (07-24-2014) F 2014 FORM PTE-12

Form PTE-12


TaxFormFinder Disclaimer:

While we do our best to keep our list of Idaho Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/idaho/form-pte-12