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Pennsylvania Free Printable Gross Receipts Tax Report - Private Bankers (RCT-131) for 2024 Pennsylvania Gross Receipts Tax Report

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Gross Receipts Tax Report
Gross Receipts Tax Report - Private Bankers (RCT-131)

IMPORTANT: FILL IN FORM MUST BE DOWNLOADED ONTO YOUR COMPUTER PRIOR TO COMPLETING FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. 1310022105 rct-131 OFFICIAL USE ONLY Date Received (Official Use Only) Page 1 of 3 08-22 (FI) groSS receIPtS taX - PrIVate BaNKerS c Tax Year Begin: START Revenue ID Federal ID (FEIN) Parent Corporation (FEIN) ➜ Tax Year End: 12/31/20_ _ Due Date: february 15 Please select correct letter in drop down Taxpayer Name Check to Indicate a Change of Address First Line of Address Amended Report (Include REV-1175.) First Report Second Line of Address Final Report (See Instructions.) City State ZIP Out of Existence Date: Phone Email USe whole DollarS oNly 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Gross Receipts Tax-Private Bankers (Page 2, Line 12) Total Estimated Payments Total Payments Carried Forward From Prior Year Return Total “Restricted” Tax Credits Total Credit: (Line 2 plus Line 3 plus Line 4) Tax Due: (If Line 1 is more than Line 5, enter the difference here.) Remittance Overpayment: (If Line 5 is more than Line 1, enter the difference here.) Refund: (Amount of Line 8 to be refunded after offsetting all unpaid liabilities) Transfer: (Amount of Line 8 to be credited to the next tax year after offsetting all unpaid liabilities) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1310022105 corporate officer Information: Officer Last Name Social Security Number of Officer Officer First Name Title of Officer Phone Email I affirm under penalties prescribed by law, this report, including any accompanying schedules and statements, has been examined by me and to the best of my knowledge and belief is a true, correct and complete report. If this report is an amended report, the taxpayer hereby consents to the extension of the assessment period for this tax year to one year from the date of filing of this amended report or three years from the filing of the original report, whichever period last expires, and agrees to retain all required records pertaining to that tax and tax period until the end of the extended assessment period, regardless of any statutory provision providing for a shorter period of retention. For purposes of this extension, an original report filed before the due date is deemed filed on the due date. I am authorized to execute this consent to the extension of the assessment period. Signature of officer Date Signature of Officer – Please sign after printing Reset Entire Form RETURN TO TOP NEXT PAGE PRINT FORM FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. rct-131 08-22 (FI) Page 2 of 3 1310022205 Revenue ID groSS receIPtS taX - PrIVate BaNKerS groSS receIPtS froM the followINg SoUrceS: USe whole DollarS oNly 1. Commissions on loans and various banking services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 2. Discounts on loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 3. Abatements or allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 4. Banking charges or fees on depositors accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 5. Rents on real estate owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 6. Interest on: a. Bonds of public and private corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ b. Bonds of states other than the Commonwealth of Pennsylvania . . . . . . . . . . . . . . . . .$ c. Bonds issued by municipal subdivisions of the Commonwealth of Pennsylvania . . . . . .$ d. Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ e. Mortgages and judgments f. Drawing accounts or overdrafts of partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ g. Balances with other banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ h. Total interest (Sum of 6a through 6g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ i. Less: amortization of premiums, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ j. Total interest less amortization of premiums (6h less 6i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 7. Dividends on stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 8. Purchases and sales of securities for investment or trading purposes: a. Profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ b. Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ c. Profits less losses on purchases and sales of securities for investment or trading purposes (8a less 8b) . . . . . . .$ 9. Rental of safe-deposit boxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 10. Other sources: (Provide details.) a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ e. Total of other sources (Sum of 10a through 10d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 11. Total gross receipts (Sum of Lines 1 through 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ (Interest on obligations of the U.S. and interest on obligations of the Commonwealth of Pennsylvania are not taxable.) 12. Tax (Line 11 times tax rate - See Instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ Page 3 must be completed and included with report. 1310022205 Reset Entire Form RETURN TO PAGE 1 1310022205 PRINT FORM NEXT PAGE FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. rct-131 08-22 (FI) Page 3 of 3 1310022305 Revenue ID groSS receIPtS taX - PrIVate BaNKerS Preparer’s Information: Firm Name Firm FEIN Address City State ZIP Individual Preparer Name Phone Email Social Security Number or PTIN 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. Signature of Preparer Date Signature of Preparer – Please sign after printing 1310022305 Reset Entire Form RETURN TO PAGE 1 PREVIOUS PAGE 1310022305 PRINT FORM THIS PAGE DOES NOT PRINT Instructions for RCT-131 Gross Receipts Tax - Private Bankers RCT-131 (SU) IN 09-23 GENERAL INFORMATION REMINDER ● IMPORTANT: Electronic filing of this tax report is not available. The report should be completed using the computer-based fill-in form, printed, and submitted by mail to the department. Use ONLY the most current, non-year-specific tax form and instructions for filing ALL years. If an amended report must be filed, taxpayers must use the most current, nonyear-specific tax form, completing all sections of the form. REV-1175, Schedule AR (explanation for amending), must be included when filing an amended report. ● Use only whole dollars when preparing tax reports. ● Taxpayers may request a 60 day extension to file this report electronically via myPATH or by filing the REV-426. ● The penalty imposed for failure to file timely reports is 10 percent on the first $1,000 of determined tax, 5 percent for the next $4,000 of determined tax, and 1 on the remaining total tax reported or last assessed over $5,000. Additionally, there is a penalty of $1,000 for late filing that must be waived upon the actual filing of the report. Finally, if the annual report is not filed by December 31 there is an additional 10 percent penalty. ● All payments of $1,000 or more must be made electronically or by certified or cashier’s check remitted in person or by express mail courier. NOTE: The automatic PA extension provided by Act 52 of 2013 to those with valid federal extensions DOES NOT apply to this tax. ANNUAL REPORT CHECKLIST Make sure you include the following to file your annual report properly and completely: ● Negative amounts must be written using a minus sign preceding the number. Do not use parentheses. ● Complete RCT-131, Gross Receipts Tax Report – Private Banker ● Copy of the Report of Condition (Call Report) ● Corporate officer’s signature on Page 1 and preparer’s signature and PTIN on Page 3, if applicable. IMPOSITION, BASE AND RATE Gross receipts tax on every private banker in this commonwealth is imposed at the rate of 1 percent on gross receipts from commissions, discounts, abatements, allowances, and all other receipts arising from business. REVENUE ID, FEDERAL EMPLOYER IDENTIFICATION NUMBER (FEIN), PARENT CORPORATION FEIN, NAME AND ADDRESS The Revenue ID number, FEIN, name, and complete mailing address must be provided. If the taxpayer is a subsidiary of a corporation, the parent corporation’s FEIN must be provided. Also provide the telephone number and email of the taxpayer. TAX YEAR Enter month, day, and year (MMDDYYYY) for the tax year beginning and year (YY) for the tax year end. REPORT DUE DATE This report is due on February 15 for the preceding year ended Dec. 31. If February 15 falls on a Saturday, Sunday, or holiday, the report is due the next business day. The penalty imposed for failure to file timely reports is now a minimum of $500, regardless of the determined tax liability, plus an additional 1 percent of any determined tax liability over $25,000. ADDRESS CHANGE Enter “Y” in the block on Page 1 if the address of the corporation has changed from prior tax periods. The current mailing address should be reflected on the report. AMENDED REPORT Enter “Y” in the block on Page 1 if you are filing an amended report to add, delete, or adjust information. Provide documentation to support all changes being made. An amended report should only be filed if an original report was filed previously for the same period. The taxpayer has three (3) years after the due date of the original report to file an amended report. If the original report was properly extended, then the taxpayer has three (3) years after the extended due date to file an amended report. The department may adjust the tax originally reported based on information from the amended report. The taxpayer must consent to extend the assessment period. If the amended report is timely filed and the taxpayer consented to extend the assessment period, the time period in which to assess tax will be the greater of three years from the filed date of the original report or one year from the filed date of the amended report. Regardless of the tax year being amended, taxpayers must use the most current non-year-specific tax form, completing all sections of the report. This includes those sections originally filed and those sections being amended. All tax liabilities should be recorded on Page 1. Taxpayers must check the Amended Report check box on Page 1 and include Schedule AR, REV-1175, with the report. www.revenue.pa.gov PREVIOUS PAGE RCT-131 NEXT PAGE 1 FIRST REPORT Enter “Y” in the block on Page 1 if this is the taxpayer’s first PA private banker tax filing. PA DEPARTMENT OF REVENUE PO BOX 280427 HARRISBURG PA 17128-0427 FINAL REPORT ● Enter “Y” in the block on Page 1 if this report will be the final report filed with the department. Indicate the effective date of the event as MMDDYYYY. ● Include a copy of the regulatory authority’s approval of the merger, dissolution, plan of reorganization, and/or articles of merger. ● Provide the Revenue ID and FEIN of the surviving entity, if applicable. Failure to make a payment by an approved method will result in the imposition of a 3 percent penalty of the tax due, up to $500. For more information on electronic filing options, visit mypath.pa.gov. CORPORATE OFFICER INFORMATION A corporate officer must sign and date the tax report. The signature must be original; photocopies or faxes will not be accepted. Print the first and last name, title, Social Security number, telephone number, and email of the corporate officer. 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. PREPARER’S INFORMATION Paid preparers must sign and date the tax report. If the preparer works for a firm, provide the name, FEIN, and address of the firm along with the name, telephone number, email, 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, and PTIN/SSN of the individual preparing the report. EXTENSION REQUEST DUE DATE To request a due date extension of up to 60 days to file the annual report, you must file an extension request by the original report due date. You can request an extension on mypath.pa.gov or by sending the REV-426. However, an extension of time to file does not extend the deadline for payment of tax, and an extension request must be accompanied by payment of taxes owed for the taxable year for which the extension is requested. Mail the extension coupon separately from all other forms. A taxpayer using an electronic method to make a payment with an extension request should not submit the extension coupon. Do not use the extension coupon to remit other unpaid liabilities within the account. PAYMENT AND MAILING INFORMATION All payments of $1,000 or more must be made electronically or by certified or cashier’s check mailed to: PA DEPARTMENT OF REVENUE PO BOX 280404 HARRISBURG PA 17128-0404 Tax returns and certified or cashier’s check may be remitted in person or by express mail courier. Mail payments and returns to the following address: PA DEPARTMENT OF REVENUE 1854 BROOKWOOD ST HARRISBURG PA 17104 Payments under $1,000 may be remitted by mail, made payable to the PA Department of Revenue. Mail payments, extension requests, and returns to the following address: 2 RCT-131 CURRENT PERIOD OVERPAYMENT If an overpayment exists on Page 1 of the RCT-131, the taxpayer must instruct the department to refund or transfer overpayment as indicated below. TRANSFER Identify the amount to transfer from the current tax period overpayment to the next tax period. Prior to any transfer, 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 after offsetting current period liabilities and other unpaid liabilities within the account. REQUESTS FOR REFUND OR TRANSFER OF AVAILABLE CREDIT Requests for refund or transfer of available credit from prior periods can be requested on company letterhead, signed by an authorized representative, and emailed to [email protected]. Please do not duplicate requests for refund and/or transfer by submitting both RCT-131 and written correspondence. CONTACT INFORMATION ● For additional information regarding electronic payments visit the departments Online Customer Service Center at revenue.pa.gov. ● Questions regarding payments or refunds, email [email protected]. ● General business tax questions, visit the department's Online Customer Service Center at revenue.pa.gov. ● Business taxpayers and tax practitioners have the ability to receive and view department issued electronic statement of accounts and correspondence electronically by visiting mypath.pa.gov. LINE INSTRUCTIONS RCT-131 should be completed in the following order: STEP 1 Complete the taxpayer information section and any applicable questions at the top of Page 1. www.revenue.pa.gov PREVIOUS PAGE NEXT PAGE STEP 2 Enter the Revenue ID number and other taxpayer information in the designated fields at the top of each page. d. Enter interest received on loans. e. Enter interest received on mortgages and judgments. f. Enter interest received on drawing accounts or overdrafts of partners. STEP 3 Complete Page 2, Gross Receipts From the Following Sources. g. Enter interest received on balances with other banks. STEP 4 Complete Page 1, Lines 1 through 10. h. TOTAL INTEREST Enter the total of Lines 6a through 6g. STEP 5 Complete the corporate officer information section, sign, and date at the bottom of Page 1. STEP 6 Complete the preparer’s information section, sign, and date at the bottom of Page 3, if applicable. STEP 7 Mail the completed report and any supporting schedules to the PA Department of Revenue. PAGE 2 GROSS RECEIPTS FROM THE FOLLOWING SOURCES LINE 1 Enter commissions on loans and various banking services. LINE 2 Enter discounts on loans. LINE 3 Enter abatements and allowances. LINE 4 Enter banking charges or fees on depositor’s accounts. LINE 5 Enter rents on real estate owned. LINE 6 INTEREST a. Enter interest received on bonds of public and private corporations. b. Enter interest received on bonds of states other than the Commonwealth of Pennsylvania. c. Enter interest received on bonds issued by municipal subdivisions of the Commonwealth of Pennsylvania. www.revenue.pa.gov PREVIOUS PAGE i. Enter the amortization of premiums. j. TOTAL INTEREST LESS AMORTIZATION Enter the difference of Line 6h minus Line 6i. LINE 7 Enter dividends received on stock. LINE 8 PURCHASES & SALES OF SECURITIES a. Enter profits on purchases and sales of securities for investment or trading purposes. b. Enter losses on purchases and sales of securities for investment or trading purposes. c. PROFITS LESS LOSSES Enter the difference of Line 8a minus Line 8b. LINE 9 RENTALS OF SAFE-DEPOSIT BOXES Enter receipts from rentals of safe-deposit boxes. LINE 10 OTHER RECEIPTS Enter receipts from other sources on Lines 10a through 10d. If additional space is needed, provide a detailed schedule. Enter the total of all receipts on Line 10e. LINE 11 TOTAL GROSS RECEIPTS Enter the total of Lines 1 through 10. NOTE: Interest on US obligations and interest on PA obligations is not taxable. LINE 12 TAX Multiply Line 11 by 0.01. Carry the tax to RCT-131, Page 1, Line 1. RCT-131 3
Extracted from PDF file 2023-pennsylvania-form-rct-131.pdf, last modified August 2012

More about the Pennsylvania Form RCT-131 Other TY 2023

We last updated the Gross Receipts Tax Report in February 2024, so this is the latest version of Form RCT-131, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RCT-131 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Other Pennsylvania Other Forms:

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

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Form PA-1000 Property Tax or Rent Rebate Claim
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Form PA-1000 RC PA Rent Certificate - PA Rent Certificate and Rental Occupancy Affidavit (PA Property Tax/Rent Rebate)
Form REV-1176 E-TIDES Administrative Access Change Request Form
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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-131 from the Department of Revenue in February 2024.

Show Sources >

Historical Past-Year Versions of Pennsylvania Form RCT-131

We have a total of thirteen past-year versions of Form RCT-131 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form RCT-131

Gross Receipts Tax Report - Private Bankers (RCT-131)

2022 Form RCT-131

Gross Receipts Tax Report - Private Bankers (RCT-131)

2021 Form RCT-131

Gross Receipts Tax Report - Private Bankers (RCT-131)

2020 Form RCT-131

Gross Receipts Tax Report - Private Bankers (RCT-131)

2019 Form RCT-131

Gross Receipts Tax Report - Private Bankers (RCT-131)

2018 Form RCT-131

Gross Receipts Tax Report - Private Bankers (RCT-131) -- Print Only Version

2017 Form RCT-131

Gross Receipts Tax Report - Private Bankers (RCT-131) -- Print Only Version

2016 Form RCT-131

Gross Receipts Tax Report -- Private Bankers (RCT-131) -- Print Only Version

Forms/Publications 2015 Form RCT-131

Gross Receipts Tax Report -- Private Bankers (RCT-131)

Forms/Publications 2014 Form RCT-131

Gross Receipts Tax Report -- Private Bankers (RCT-131)

Gross Receipts Tax Report -- Private Bankers (RCT-131) 2013 Form RCT-131

Gross Receipts Tax Report -- Private Bankers (RCT-131)

Gross Receipts Tax Report -- Private Bankers (RCT-131) 2012 Form RCT-131

Gross Receipts Tax Report -- Private Bankers (RCT-131)

2011 Gross Receipts Tax Report -- Private Bankers (RCT-131) 2011 Form RCT-131

2011 Gross Receipts Tax Report -- Private Bankers (RCT-131)


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