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Pennsylvania Free Printable Schedule C-SB - Qualified Family-Owned Business Exemption (REV-571) for 2020 Pennsylvania Schedule C-SB - Small Business Exemption

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Schedule C-SB - Small Business Exemption
Schedule C-SB - Qualified Family-Owned Business Exemption (REV-571)

(EX+) MOD 04-19 (FI) REV-571 Bureau of IndIvIdual Taxes Po Box 280601 HarrIsBurg Pa 17128-0601 SCHEDULE C-SB QUALIFIED FAMILY-OWNED BUSINESS EXEMPTION ESTATE OF: FILE NUMBER: This schedule may be used only by estates of decedents dying on or after July 1, 2013. Use this schedule to report a business interest for which you claim an exemption from inheritance tax under the qualified family-owned business exemption (72 P.S. §9111(t)). Provide the following information in addition to Schedule C-SB. Failure to provide the following information may result in a denial of the exemption or a delay in processing. • Attach a written statement explaining in detail how the business interest qualifies for the exemption. • Attach all documents supporting the written statement, including the valuation of the net book value and business balance sheet. SECTION I BUSINESS INFORMATION Business Name Date Established MM/DD/YYYY Business EIN Number of Employees Street Address Net Book Value City State SECTION II ZIP Code Value at Date of Death (Under 72 P.S. § 9121) OWNER INFORMATION Provide the name and mailing address of all transferees of the business interest identified above (attach additional sheets if necessary): Owner Name Mailing Address City Phone Number State ZIP Code Relationship to Decedent Owner Name Mailing Address City Phone Number State ZIP Code Relationship to Decedent Owner Name Mailing Address City Phone Number Reset Entire Form State ZIP Code Relationship to Decedent PRINT FORM Pennsylvania Department of Revenue Instructions for REV-571 schedule C-sB – Qualified family-owned Business exemption rev-571 In (ex) 04-19 GENERAL INFORMATION SECTION I PURPOSE OF SCHEDULE Use REV-571, Schedule C-SB to report a business interest for which you claim an exemption from inheritance tax under the qualified family-owned business exemption. BUSINESS INFORMATION Provide the business name, business EIN, date business was established, the physical location of the business, number of employees, net book value and the fair market date of death value of the interest that qualifies for the family-owned business exemption. NOTE: REV-571, Schedule C-SB must accompany the return if a business interest qualifies for the family-owned business exemption. All information supporting the qualifications of the business interest for the claimed exemption must be presented with the return along with a written statement explaining in detail how the business interest qualifies for the claimed exemption. FORM INSTRUCTIONS ESTATE OF Enter the complete name of the estate as shown on REV1500, Pennsylvania Inheritance Tax Return. FILE NUMBER Enter the file number of the estate assigned by the Register of Wills as shown on REV-1500, Pennsylvania Inheritance Tax Return. GENERAL INSTRUCTIONS IMPORTANT: This Schedule is appropriate only for estates of decedents dying on or after July 1, 2013. www.revenue.pa.gov Reset Entire Form Date Established: Indicate the exact date the business entity was established. Number of Employees: List the number of full-time equivalent employees employed by the business on the date of death. Net Book Value: List the net book value of assets of the business on the date of death. Attach copies of supporting documents. Date of Death Value: Provide the fair market value of the business interest on the date of death. SECTION II OWNER INFORMATION Provide the name, address, phone number and relationship to the decedent of all transferees of the business interest which qualifies for the family-owned business exemption. The mailing address will be used by the department to send an annual certification form to verify compliance with the requirements of the qualified family-owned business exemption. REV-571 PREVIOUS PAGE 1 PRINT FORM
Extracted from PDF file 2019-pennsylvania-form-rev-571.pdf, last modified February 2014

More about the Pennsylvania Form REV-571 Corporate Income Tax TY 2019

We last updated the Schedule C-SB - Small Business Exemption in March 2020, so this is the latest version of Form REV-571, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form REV-571 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-1200 CT-1 PA Corporation Tax Booklet
Form REV-1605 Schedule CO - Names of Corporate Officers

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 REV-571 from the Department of Revenue in March 2020.

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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 REV-571

We have a total of six past-year versions of Form REV-571 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form REV-571

Schedule C-SB - Qualified Family-Owned Business Exemption (REV-571)

2018 Form REV-571

Schedule C-SB - Small Business Exemption (REV-571)

2017 Form REV-571

Schedule C-SB - Small Business Exemption (REV-571)

2016 Form REV-571

Schedule C-SB - Small Business Exemption (REV-571)

Forms/Publications 2015 Form REV-571

Schedule C-SB - Small Business Exemption (REV-571)

Forms/Publications 2014 Form REV-571

Schedule C-SB - Small Business Exemption (REV-571)


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