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Idaho Free Printable Form PTE-01, Income Tax Withheld for an Individual Nonresident Owner of a Pass-through Entity for 2019 Idaho Idaho Schedule For Pass-Through Owners with Instructions

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Idaho Schedule For Pass-Through Owners with Instructions
Form PTE-01, Income Tax Withheld for an Individual Nonresident Owner of a Pass-through Entity

Instructions for Idaho Form PTE-01 EFO00238 07-06-2018 GENERAL INFORMATION A pass-through entity (entity), as defined in Idaho Code section 63-3006C, includes a partnership, limited liability company taxed as a partnership, an S corporation, a trust, or an estate. An entity transacting business in Idaho must withhold income tax for nonresident individual owners who: • Have distributable income of $1,000 or more for the tax year, • Aren't included in a composite return, or • Haven't filed an Idaho Nonresident Owner Agreement. Send payment with completed Form(s) PTE-01 for the above individuals. Don't send payment with the entity return. Don't withhold income tax for any owners who aren't natural persons. Corporations, partnerships, trusts, and estates aren't natural persons and must report the income on their Idaho return. PTE-01 TAX PAYMENT INSTRUCTIONS (WITHHOLDING) Calculate the amount of income tax you must pay to the Idaho State Tax Commission. Multiply the owner's share of Idaho-source distributive income by 6.925%. This includes guaranteed payments reportable to Idaho as Idaho taxable income. Complete Form PTE-01 with the owner's name as it will be shown on the owner's individual income tax return. In the Amount Paid box, enter the amount of income tax withheld on the owner's Idaho source income. Enter the owner's name, address, and Social Security number in the spaces provided. Grantor trusts and disregarded entities will complete the next row and provide the name and Social Security number or EIN from Form PTE-12. HOW TO PAY To pay online, visit tax.idaho.gov/epay. You can pay using EFT, ACH Debit, ACH Credit, credit/debit cards, or e-checks. If you're making a payment of $100,000 or more, you must use ACH Debit or ACH Credit. You can send a single payment for a maximum of 250 PTE-01 vouchers. For example, if you're making withholding payments for 300 individual partners, you would send two checks: one with 250 PTE-01 vouchers and a second check with the remaining 50 PTE-01 vouchers. You must pay the total amount of income tax required to be withheld. If payment isn't postmarked or electronically submitted on or before April 15, 2019, the amount due is subject to penalty and interest. Return the form below with your payment. CUT HERE F O R M PTE-01 EFO00238 07-06-2018 Mail to: Idaho State Tax Commission PO Box 83784 Boise ID 83707-3784 Idaho Income Tax Withheld For A Nonresident Individual Owner Of A Pass-through Entity This payment is for tax year: 20___ Current mailing address (number, street, and apartment number) Entity business name Tran Code 01 12 Last name Owner's first name and initial Complete if applicable. The owner is a grantor trust or disregarded entity and the income will appear on the PTE-12 as: Tax Code Amount Paid $ Owner's Social Security number City, state, and ZIP Code Name Social Security number or EIN Federal Employer Identification Number (EIN) Entity email address 00
Extracted from PDF file 2018-idaho-form-pte-12.pdf, last modified September 2018

More about the Idaho FORM PTE-12 Corporate Income Tax Tax Return TY 2018

We last updated the Idaho Schedule For Pass-Through Owners with Instructions in February 2019, so this is the latest version of FORM PTE-12, fully updated for tax year 2018. 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 75 Fuels Use Report
FORM 41 Idaho Corporation Income Tax Return
FORM 41ES Quarterly Estimated Tax/Extension of Time Payment
FORM 65 Idaho Partnership Return of Income
FORM 49 Idaho Investment Tax Credit

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 February 2019.

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 seven 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:


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


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