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Pennsylvania Free Printable 2019 Report of Change in Corporate Net Income Tax (RCT-128C) for 2020 Pennsylvania Report of Change in Corporate Net Income Tax

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Report of Change in Corporate Net Income Tax
2019 Report of Change in Corporate Net Income Tax (RCT-128C)

FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. 1283019105 1283019105 DEPARTMENT USE ONLY RCT-128C 08-19 (FI) page 1 oF 3 RepoRT oF Change In pa CoRpoRaTe neT InCome Tax START 2019 PLEASE ENTER ALL DATES AS MMDDYYYY sTep a ➜ Tax Year Beginning Tax Year Ending sTep B 52-53 Week Filer Royalty/Related Interest Add-Back (Act 52 of 2013) S Corp Taxable Built-in Gains Section 381/382/Merger NOLs/Alternate Apportionment Address Change KOZ/EIP/SDA Credit sTep C Parent Corporation EIN Revenue ID Federal EIN Business Activity Code Corporation Name Address Line 1 Address Line 2 City State ZIP Province Country Code Foreign Postal Code sTep d use whole dollaRs only As required by Section 406 of the Tax Reform Code of 1971, the above-named corporation reports the following change(s) or correction(s) in its corporate net income as reported to or changed by the federal government. 1. PA taxable income after change or correction in federal return 1 2. PA taxable income previously reported to the commonwealth 2a. Increase or decrease in PA taxable income 3. PA corporate net income tax after change 4. PA corporate net income tax before change 5. Remittance made payable to the PA Department of Revenue 4a. Increase or decrease in PA corporate net income tax 2 2A 3 4 4A 5 sTep e: Transfer/Refund method (see instructions.) Transfer: Amount to be credited to the next tax year after offsetting all unpaid liabilities Refund: Amount to be refunded after offsetting all unpaid liabilities ImpoRTanT: noTICe oF FInal Change was ReCeIVed FRom The InTeRnal ReVenue seRVICe oR amended FedeRal ReTuRn FIled on noTe: If the date is not provided, interest will be imposed from the original due date applicable to that tax year. Also, a $5 a day penalty may be imposed for a late filed return. sTep F: Corporate officer (must sign affirmation below) name phone emaIl FoRm BaRCode I affirm under penalties prescribed by law, this report, including the accompanying explanations, is made in good faith and is a true and correct statement of the PA taxable income after final changes or corrections, as determined or accepted by the federal government, to the corporation’s federal income tax return for the period. Corporate officer signature date PLEASE SIGN AFTER PRINTING. Reset Entire Form RETURN TO TOP NEXT PAGE PRINT FORM 1283019205 ReVenue Id Tax yeaR end RCT-128C 08-19 (FI) 0943875097 11111111 name IUYBIUDYBUAIBDHABDUBASUDBFUASVDGVASUIYVF page 2 oF 3 RepoRT oF Change In pa CoRpoRaTe neT InCome Tax 2019 seCTIon a: Bonus depReCIaTIon (Include REV-1834, Schedule C-8 and C-9, if claiming bonus depreciation.) 1. Current year federal depreciation of 168k prop. 2. Current year adjustment for disposition of 168k prop. 3. Other adjustments. use whole dollaRs only 1 2 3 seCTIon B: pa CoRpoRaTe neT InCome Tax 1. Income or loss from federal return on a separate-company basis 1 2. deduCTIons: 2a. Corporate dividends received (from REV-798, Schedule C-2, Line 7). 2B. Interest on U.S. securities (GROSS INTEREST minus EXPENSES). 2C. Current yr. addtl. PA deprec. plus adjust. for sale (REV-1834, Sched. C-8, Line 8). 2d. Other (from REV-860, Schedule OD) See instructions. ToTal deduCTIons - Add Lines 2A through 2D and enter the result on Line 2. 2A 2B 2C 2D 2 3. addITIons: 3a. Taxes imposed on or measured by net income (from REV-860, Schedule C-5, Line 6). 3B. Employment incentive payment credit adjustment (Include Schedule W). 3C. Current year bonus depreciation (REV-1834, Sched. C-8, Line 3). 3d. Intangible expense or related interest expense (REV-802, Sched. C-6; must include REV-802). 3e. Other (from REV-860, Schedule OA) See instructions. ToTal addITIons - Add Lines 3A through 3E and enter the result on Line 3. 3A 3B 3C 3D 3E 3 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 4 5 6 7 8 9 10 11 12 13 14 Income or loss with Pennsylvania adjustments (Line 1 minus Line 2 plus Line 3). Total nonbusiness income or loss (from REV-934, Column C, Total; must include REV-934). Income or loss to be apportioned (Line 4 minus Line 5). Apportionment (from Page 3, Schedule C-1, 1C, or 2C if using Special Apportionment). Income or loss apportioned to PA (Line 6 times Line 7). Nonbusiness income or loss allocated to PA (from REV-934, Column A, Total; must include REV-934). PA taxable income or loss after apportionment (Line 8 plus Line 9). Total net operating loss deduction (from RCT-103, Part A, Line 4). PA taxable income or loss (Line 10 minus Line 11). PA corporate net income tax (Line 12 times 0.0999). If Line 12 is less than zero, enter "0”. Less: Credit for tax paid by affiliate(s) for intangible expense or related interest expense (from REV-803, Sched. C-7; must include REV-803). 15. Tax Due (Line 13 minus Line 14). ImpoRTanT: 15 If the department of Revenue has made prior changes to the pa corporate net income, these changes must be taken into consideration when completing RCT-128C, Report of Change. 1283019205 Reset Entire Form RETURN TO TOP 1283019205 NEXT PAGE PRINT FORM 1283019305 ReVenue Id Tax yeaR end RCT-128C 08-19 (FI) name page 3 oF 3 RepoRT oF Change In pa CoRpoRaTe neT InCome Tax 2019 deTeRmInaTIon oF appoRTIonmenT peRCenTage From RCT-106, applicable for the tax year being reported sChedule C-1: Apportionment Schedule For pa Corporate net Income Tax (Include RCT-106.) See instructions for apportionment in REV-1200, PA Corporate Net Income Tax Instructions, found at www.revenue.pa.gov. sales Factor Sales - PA Sales - Total special apportionment 1A 1B 1C CoRpoRaTe oFFICeRs ssn Numerator Denominator 2A 2B Apportionment Proportion 2C last name First name mI must provide requested information for all filled officer positions President/Managing Partner Vice President Secretary Treasurer/Tax Manager pRepaReR’s InFoRmaTIon Firm Federal EIN Firm Name Address Line 1 Address Line 2 City State ZIP Province Country Code Foreign Postal Code I affirm under penalties prescribed by law, this report, including any accompanying schedules and statements, has been prepared by me and to the best of my knowledge and belief is a true, correct and complete report. Tax preparer’s signature date PLEASE SIGN AFTER PRINTING. IndIVIdual pRepaReR phone emaIl pTIn/ssn 1283019305 Reset Entire Form RETURN TO TOP 1283019305 RETURN TO PAGE ONE PRINT FORM THIS PAGE DOES NOT PRINT 2019 Pennsylvania Department of Revenue Instructions for RCT-128C Report of Change in Corporate Net Income Tax RCT-128C IN (SU) 12-19 PURPOSE OF FORM Use the RCT-128C to report changes to an entity’s income as a result of a federal audit, examination or changes as a result of an amended federal income tax return filed by the entity. The RCT-128C is used only by entities subject to corporate net income tax. This includes all entities who file as a corporation with the federal government. NOTE: The RCT-128C is not to be used to file an amended RCT-101, PA Corporate Net Income Tax Report for reasons other than amending federal taxable income. WHO MUST FILE Any corporation who finally changes or corrects the amount of taxable income as returned to the federal government must file RCT-128C. This includes changes in federal taxable income resulting from the taxpayer filing an amended federal income tax return, as well as changes initiated by the federal government due to an audit or examination of the federal return regardless of the year involved. WHEN TO FILE In cases where the change was based on a federal amended return, RCT-128C must be filed within six months of the filing of the federal amended return. If RCT-128C is being filed to report changes due to an audit or examination of the federal return, the report must be filed within six months after the receipt of the final change or correction. A $5 a day penalty will be imposed for a late filed return. NOTE: For tax years beginning prior to Jan. 1, 2013, RCT-128C must be filed within 30 days of the filing of the federal amended return. If RCT-128C is being filed to report changes due to an audit or examination of the federal return, the report must be filed within 30 days after the receipt of the final change or correction. A $5 a day penalty will be imposed for a late filed return. ATTACH A COPY OF THE INCOME TAX EXAMINATION CHANGES OR AMENDED FEDERAL RETURN. WHO MUST SIGN CORPORATE OFFICERS A corporate officer must sign the report. The signature must be original; photocopies or faxes will not be accepted. Also provide telephone number, email address and title of the officer along with the date signed. PREPARERS Paid preparers must sign and date the tax report. If the preparer works for a firm, provide the name, FEIN and address www.revenue.pa.gov of the firm along with the name, telephone number, email address and PTIN/SSN of the individual preparing the report. If the preparer is an individual without any association to a firm, provide the name, address, telephone number, email address and PTIN/SSN of the individual preparing the report. HOW TO FILE If you are including payment, please use the following address: PA DEPARTMENT OF REVENUE PAYMENT ENCLOSED PO BOX 280427 HARRISBURG PA 17128-0427 If you are requesting a refund or transfer of credit, please use the following address: PA DEPARTMENT OF REVENUE REFUND REQUESTED PO BOX 280706 HARRISBURG PA 17128-0706 If you are neither including payment nor requesting a refund or transfer of credit, please use the following address. This includes reports when payment was made electronically. PA DEPARTMENT OF REVENUE NO PAYMENT, NO REFUND PO BOX 280708 HARRISBURG PA 17128-0708 HOW TO GET FORMS All forms are available on the department’s website at www.revenue.pa.gov. To download forms and instructions, select Forms and Publications, Forms for Businesses, then Corporation Taxes. RECORDING DOLLAR AMOUNTS All tax forms and schedules must show money amounts in whole-dollars. Eliminate any amount less than $0.50 and increase any amount that is $0.50 or more to the next highest dollar. Negative amounts should be written as follows: -1,234. REVISED SUPPLEMENTAL FORMS AND SCHEDULES If an amount changes on any schedule as a result of the change in income, include the appropriate revised schedule with RCT-128C. FORM COMPLETION Complete ALL information fields on the report even if the amounts have not changed from the previously filed RCT-101, PA Corporate Net Income Tax Report or RCT-128C. RCT-128C 1 Any taxpayer filing RCT-128C is required to enter all dates along with applicable tax rates, apportionment and net operating loss deduction limitations in effect for the tax year being reported. See the rate table and instructions for the applicable tax year in the year-specific REV-1200, CT-1 PA Corporation Tax Instructions, found at www.revenue.pa.gov. LINE INSTRUCTIONS PAGE 1 LINE 2A Subtract Line 2 from Line 1. If Line 2 is greater than Line 1, enter the amount as a negative number: -1,234. LINE 3 Enter the amount of PA corporate net income tax from Section B, Line 13 or Line 15 on Page 2 of RCT-128C. LINE 4 CAUTION: If the Department of Revenue has made prior changes to the PA corporate net income, these changes must be taken into consideration when completing RCT-128C, Report of Change in PA Corporate Net Income Tax. Enter the amount of PA corporate net income tax from Section B, Line 13 or Line 15 of the originally filed RCT-101, or Section B, Line 13 or Line 15 of the most recently filed RCT-128C. STEP A LINE 4A TAX YEAR BEGINNING Enter the beginning date of the tax period for which a change in income occurred. Enter the date in MMDDYYYY format. Subtract Line 4 from Line 3. If Line 3 is greater than Line 4, enter the amount as a negative number: -1,234. If a negative number, this is your overpayment. If a positive number, this is the amount of tax owed to the department. TAX YEAR ENDING Enter the ending date of the tax period for which a change in income occurred. Enter the date in MMDDYYYY format. STEP B Enter an X in the appropriate box or boxes to indicate the filing status of the entity. STEP C REVENUE ID Enter the 10-digit Revenue ID number assigned by the department. If you do not know your number, please call 717-787-3653 at least two days prior to the due date of the report to obtain your number. FEDERAL EIN Enter the nine-digit federal employer identification number (FEIN) of the entity. BUSINESS ACTIVITY CODE Enter the business activity code from Page 1 of federal Form 1120. CORPORATION NAME, ADDRESS, CITY, STATE AND ZIP CODE Enter the corporation’s name and address information in the appropriate fields. Do Not use dashes (-) or slashes (/) in any field. STEP D LINE 1 Enter the adjusted PA taxable income amount from Section B, Line 12 on Page 2 of RCT-128C. LINE 2 Enter the amount of PA taxable income from Section B, Line 12 of the originally filed RCT-101, or Section B Line 12 of the most recently filed RCT-128C. 2 RCT-128C LINE 5 Remittance made payable to the PA Department of Revenue. STEP E TRANSFER/REFUND METHOD If an overpayment exists on Page 1 of Form RCT-128C, the entity must instruct the department to transfer or refund the overpayment. Prior to any transfer, the department will offset current period liabilities and other unpaid liabilities within the account. Transfer: Identify the amount to transfer from the current tax period overpayment to the next tax period for estimated tax purposes. Prior to any transfer, the department will offset current period liabilities and other unpaid liabilities within the account. Refund: Identify the amount to refund from the current tax period overpayment. Prior to any refund, the department will offset current period liabilities and other unpaid liabilities within the account. NOTE: If no option is selected, the department will automatically transfer any overpayment to the next tax year for estimated tax purposes after offsetting current period liabilities and other unpaid liabilities within the account. SUBMITTING OVERPAYMENT REQUESTS Taxpayers can submit an overpayment request by fax on company letterhead, signed by an authorized representative, to 717-705-6227. Mail the requests to: PA DEPARTMENT OF REVENUE PO BOX 280701 HARRISBURG PA 17128-0701 NOTICE OF FINAL CHANGE DATE Enter the date the final notice of change was received from the Internal Revenue Service or the date the amended federal return was filed. www.revenue.pa.gov CAUTION: If the date is not provided, interest will be imposed from the original due date applicable to that tax year. Also, a $5 a day penalty will be imposed for a late filed report. STEP F PAGES 2 AND 3 CAUTION: All fields on Page 2 of RCT-128C must be completed with figures as originally filed, where applicable, unless revised in accordance with the Federal 1120-X or Federal Audit Report, as well as Schedule C-1 on Page 3. CORPORATE OFFICER SIGNATURE A corporate officer must sign the report. The signature must be original; photocopies or faxes will not be accepted. Also provide telephone number, email address and title of the officer along with the date signed. www.revenue.pa.gov RCT-128C 3
Extracted from PDF file 2019-pennsylvania-form-rct-128c.pdf, last modified April 2016

More about the Pennsylvania Form RCT-128C Corporate Income Tax TY 2019

We last updated the Report of Change in Corporate Net Income Tax in March 2020, so this is the latest version of Form RCT-128C, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form RCT-128C directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Other Pennsylvania Corporate Income Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form PA-41 PA Fiduciary Income Tax Return
Form PA-41 PA-V PA-41 Payment Voucher
Form PA-20S-PA-65 S Corporation/Partnership Information Return (PA-20S/PA-65)
Form REV-1605 Schedule CO - Names of Corporate Officers
Form REV-857 PA Corporation Taxes Estimated Tax Payment Coupon and Instructions

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms


Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form RCT-128C from the Department of Revenue in March 2020.

Show Sources >

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 Pennsylvania Form RCT-128C

We have a total of nine past-year versions of Form RCT-128C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form RCT-128C

2019 Report of Change in Corporate Net Income Tax (RCT-128C)

2018 Form RCT-128C

2018 Report of Change in Corporate Net Income Tax (RCT-128C) -- Print Only Version

2017 Form RCT-128C

2017 Report of Change in Corporate Net Income Tax (RCT-128C) -- Print Only Version

2016 Form RCT-128C

2016 Report of Change in Corporate Net Income Tax (RCT-128C) -- Print Only Version

Forms/Publications 2015 Form RCT-128C

Report of Change in Corporate Net Income Tax (RCT-128C)

Forms/Publications 2014 Form RCT-128C

Report of Change in Corporate Net Income Tax (RCT-128C)

Report of Change in Corporate Net Income Tax (RCT-128C) 2013 Form RCT-128C

Report of Change in Corporate Net Income Tax (RCT-128C)

Report of Change in Corporate Net Income Tax (RCT-128C) 2012 Form RCT-128C

Report of Change in Corporate Net Income Tax (RCT-128C)

2011 Report of Change in Corporate Net Income Tax (RCT-128C) 2011 Form RCT-128C

2011 Report of Change in Corporate Net Income Tax (RCT-128C)


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