2022 Pa 40 Es Partnership Pa S Corporation
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IMPORTANT: FILL IN FORM MUST BE DOWNLOADED ONTO YOUR COMPUTER PRIOR TO COMPLETING 2022 PA-40 ES PARTNERSHIP, PA S CORPORATION AND FIDUCIARY (DR) 07-21 DECLARATION OF ESTIMATED WITHHOLDING TAX FOR PARTNERSHIPS, S CORPORATIONS AND FIDUCIARIES DECLARATION OF ESTIMATED WITHHOLDING TAX, PENALTY FOR FAILURE TO WITHHOLD FIDUCIARY, ESTATES AND TRUST (PA-40 ES) Pennsylvania law imposes a penalty for failure to remit The PA-40 ES (P/S/F) is used by a partnership, PA S nonresident withholding on or before the 15th day of the corporation, estate or trust to remit its nonresident fourth month following the end of the taxable year. The withholding tax payments. These instructions provide penalty is 5 percent per month or fraction thereof, to a information regarding the nonresident withholding tax. maximum of 50 percent, of the nonresident withholding due
The PA-40 ES (P/S/F) is also used by an estate or trust to FORMS AND TIMEFRAME TO MAKE NONRESIDENT remit estimated tax payments. For instructions and rules on WITHHOLDING TAX PAYMENTS calculating the estimated tax, see REV-413 (F), Instructions Partnerships, PA S corporations, estates and trusts with for Estimating PA Fiduciary Income Tax, and REV-414 (F), taxable PA-source income are required to withhold and remit Estates and Trusts Worksheet for Estimated Tax. PA personal income tax from the income of the nonresident owners or beneficiaries. The withholding must be remitted WHO MUST WITHHOLD AND REMIT to the department by April 15th for calendar year filers (or Partnerships, PA S corporations, estates and trusts with the 15th day of the fourth month after the close of the taxable taxable PA-source income are: year for fiscal year filers). The department encourages • Jointly liable with their nonresident partners, withholding to be remitted quarterly throughout the tax year shareholders, members and beneficiaries for payment using the PA-40 ES (P/S/F) coupon. Final withholding of tax on such income to the extent allocable to the payments should be remitted with the PA-20S/PA-65, PA-41 nonresidents; and or REV-276 (in the case of an extension)
• Authorized and required to withhold such tax from the ELECTRONIC SERVICES nonresidents and remit the tax to Pennsylvania. Individuals can remit estimated, extension and tax due The imposition of the tax against the partnership, PA S payments through the department's myPATH portal. Visit corporation, estate or trust does not change the filing mypath.pa.gov and select Make a payment to pay via requirements or the tax liability of its nonresident partners, electronic funds transfer. Payments made after December shareholders, members or beneficiaries. 31, 2021, equal to or greater than $15,000 must be made electronically. Payments not made electronically will be The nonresidents are entitled to claim a credit on their subject to a penalty equal to 3% of the payment amount not annual returns for the tax withheld and treat the income as to exceed $500
income subject to withholding in calculating any other personal estimated taxes. The partnership, PA S HOW TO COMPLETE THE PA-40 ES (P/S/F) corporation, estate or trust may not reduce its withholding Use a separate PA-40 ES (P/S/F) for each payment
requirement by any estimated payments made by the • For fiscal filers only, enter the Beginning and Ending tax nonresident owner or beneficiary. period dates; t Detach here t✁PA-40 ES (P/S/F) 2022 PA-40 ES DECLARATION OF ESTIMATED WITHHOLDING TAX(DR) 07-21 (FI) EMPLOYER IDENTIFICATION NUMBER TYPE OF ACCOUNT (MUST FILL IN OVAL) DATE FILED START F – FIDUCIARY (ESTATE or TRUST) ➜ C – (PARTNERSHIP, ASSOCIATION or PA S CORPORATION) FISCAL FILERS ONLY - BEGINNING NAME NAME (CONTINUED) FISCAL FILERS ONLY - ENDING FIRST LINE OF ADDRESS (P.O. BOX, APT. NO., SUITE, FLOOR, RR NO., ETC.) PAYMENT AMOUNT SECOND LINE OF ADDRESS s s DECLARATION OF THE ESTIMATED TAX CITY STATE ZIP PHONE NUMBER s s Make check or money order payable to the Pennsylvania DEPARTMENT USE ONLY Department of Revenue 2202510059 Reset Entire Form NEXT PAGE PRINT • Enter the payment in the Payment Amount block; IMPORTANT: When filing the PA-40 ES (P/S/F), enter • Make the check or money order payable to PA the FEIN of the partnership, PA S corporation, estate Department of Revenue, printing the entity’s FEIN and or trust; never use the Social Security number of an owner “2022 Nonresident Tax Payment” on the check or or beneficiary
money order; • Do not staple or attach the payment the PA-40 ES Complete the other identification information on the left- (P/S/F); Mail the payment and the PA-40 ES (P/S/F) to hand side of the coupon. In the middle column, fill in the the following address: oval to indicate the account is for a partnership, PA S PA DEPARTMENT OF REVENUE corporation, estate or trust. In the right-hand column, enter PO BOX 280403 the fiscal year information if applicable, as well as the HARRISBURG PA 17128-0403 payment amount or declaration of tax
2022 PA NONRESIDENT WITHHOLDING TAX WORKSHEET FOR PARTNERSHIPS, PA S CORPORATIONS, FIDUCIARY, ESTATES AND TRUSTS (Use the worksheet below to help calculate and track your nonresident withholding for the year.) SECTION I 2022 PA NONRESIDENT WITHHOLDING (Keep for Your Records)1. Enter the 2022 PA-taxable income the partnership, PA S corporation, estate or trust expects to realize from PA sources. 1
2. Multiply Line 1 by 3.07% (0.0307). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
SECTION III 2022 RECORD OF NONRESIDENT WITHHOLDING TAX PAYMENTS (if more than six, make a copy of this worksheet) Payment (A) Date (B) Amount Payment (A) Date (B) Amount 1 4 2 5 3 6 Total SECTION IV 2022 FINAL NONRESIDENT WITHHOLDING TAX WORKSHEET1. Enter the total PA-taxable income from PA sources from the 2022 PA-20S/PA-65 or PA-41. . . . . . . . . . . . . . . . . . . . . . . .1
2. Enter the total nonresidents’ distributive shares of Line 1 above, totaled from PA Schedules NRK-1. . . . . . . . . . . . . . . . .2
3. Total 2022 PA Nonresident Withholding. Multiply Line 2 by 3.07% (0.0307). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
4. Allowable PA Credits from Schedule OC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
5. The nonresidents’ distributive share of Line 4 above from PA Schedules NRK-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
6. Total nonresident withholding paid for the taxable year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
7. Total credits and withholding payments. Add Lines 5 and 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
8. Nonresident withholding due with final return. Subtract Line 7 from Line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
LINE 8 IS THE PAYMENT THAT MUST BE REMITTED WITH THE ANNUAL RETURN (PA-20S/PA-65 OR PA-41). IN ADDITION, FOR PARTNERSHIPSOR S CORPORATIONS, YOU MUST ALSO COMPLETE PA-20S/PA-65 SCHEDULE NW AND INCLUDE IT WITH FORM PA-20S/PA-65
RETURN TO COUPON
2022 PA-40 ES DECLARATION OF ESTIMATED WITHHOLDING TAX FISCAL FILERS ONLY - BEGINNING DATE FILED FISCAL FILERS ONLY - ENDING YOU MUST ALSO …
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Frequently Asked Questions
What is pa 40 es 2022?
2022 PA-40 ES PARTNERSHIP, PA S CORPORATION AND FIDUCIARY DECLARATION OF ESTIMATED WITHHOLDING TAX FOR PARTNERSHIPS, S CORPORATIONS AND FIDUCIARIES DECLARATION OF ESTIMATED WITHHOLDING TAX, FIDUCIARY, ESTATES AND TRUST (PA-40 ES) Pennsylvania law imposes a penalty for failure to remit
What is papa 40 es psf?
PA-40 ES (P/S/F) -- 2022 PA-40 ES Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax for Partnerships, S Corporations and Fiduciaries
When was pennsylvania form pa 40 es psf last updated?
We last updated Pennsylvania Form PA-40 ES (P/S/F) from the Department of Revenue in January 2022. Form PA-40 ES (P/S/F) is a Pennsylvania Corporate Income Tax form.
What is the pa 40 es used for?
The PA-40 ES (P/S/F) is also used by an estate or trust to remit estimated tax payments. For instructions and rules on calculating the estimated tax, see REV-413 (F), Instructions for Estimating PA Fiduciary Income Tax, and REV-414 (F), Estates and Trusts Worksheet for Estimated Tax.