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Pennsylvania PA-40 ES Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax
Extracted from PDF file 2022-pennsylvania-form-pa-40-es-psf.pdf, last modified July 2020PA-40 ES Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax
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, FIDUCIARY, ESTATES AND TRUST (PA-40 ES) The PA-40 ES (P/S/F) is used by a partnership, PA S corporation, estate or trust to remit its nonresident withholding tax payments. These instructions provide information regarding the nonresident withholding tax. PENALTY FOR FAILURE TO WITHHOLD Pennsylvania law imposes a penalty for failure to remit nonresident withholding on or before the 15th day of the fourth month following the end of the taxable year. The penalty is 5 percent per month or fraction thereof, to a 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 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. FORMS AND TIMEFRAME TO MAKE NONRESIDENT WITHHOLDING TAX PAYMENTS Partnerships, PA S corporations, estates and trusts with taxable PA-source income are required to withhold and remit PA personal income tax from the income of the nonresident owners or beneficiaries. The withholding must be remitted to the department by April 15th for calendar year filers (or the 15th day of the fourth month after the close of the taxable year for fiscal year filers). The department encourages withholding to be remitted quarterly throughout the tax year using the PA-40 ES (P/S/F) coupon. Final withholding payments should be remitted with the PA-20S/PA-65, PA-41 or REV-276 (in the case of an extension). WHO MUST WITHHOLD AND REMIT Partnerships, PA S corporations, estates and trusts with taxable PA-source income are: • Jointly liable with their nonresident partners, shareholders, members and beneficiaries for payment of tax on such income to the extent allocable to the nonresidents; and • Authorized and required to withhold such tax from the nonresidents and remit the tax to Pennsylvania. The imposition of the tax against the partnership, PA S corporation, estate or trust does not change the filing requirements or the tax liability of its nonresident partners, shareholders, members or beneficiaries. The nonresidents are entitled to claim a credit on their annual returns for the tax withheld and treat the income as income subject to withholding in calculating any other personal estimated taxes. The partnership, PA S corporation, estate or trust may not reduce its withholding requirement by any estimated payments made by the nonresident owner or beneficiary. ELECTRONIC SERVICES Individuals can remit estimated, extension and tax due payments through the department's myPATH portal. Visit mypath.pa.gov and select Make a payment to pay via electronic funds transfer. Payments made after December 31, 2021, equal to or greater than $15,000 must be made electronically. Payments not made electronically will be subject to a penalty equal to 3% of the payment amount not to exceed $500. HOW TO COMPLETE THE PA-40 ES (P/S/F) Use a separate PA-40 ES (P/S/F) for each payment. • For fiscal filers only, enter the Beginning and Ending tax period dates; t Detach here t ✁ 2022 PA-40 ES DECLARATION OF ESTIMATED WITHHOLDING TAX PA-40 ES (P/S/F) (DR) 07-21 (FI) START EMPLOYER IDENTIFICATION NUMBER TYPE OF ACCOUNT (MUST FILL IN OVAL) DATE FILED F – FIDUCIARY (ESTATE or TRUST) ➜ C – (PARTNERSHIP, ASSOCIATION or PA S CORPORATION) FISCAL FILERS ONLY - BEGINNING NAME FISCAL FILERS ONLY - ENDING NAME (CONTINUED) FIRST LINE OF ADDRESS (P.O. BOX, APT. NO., SUITE, FLOOR, RR NO., ETC.) PAYMENT AMOUNT SECOND LINE OF ADDRESS CITY STATE ZIP PHONE NUMBER s s s s DECLARATION OF THE ESTIMATED TAX DEPARTMENT USE ONLY Make check or money order payable to the Pennsylvania Department of Revenue 2202510059 Reset Entire Form NEXT PAGE PRINT • Enter the payment in the Payment Amount block; • Make the check or money order payable to PA Department of Revenue, printing the entity’s FEIN and “2022 Nonresident Tax Payment” on the check or money order; • Do not staple or attach the payment the PA-40 ES (P/S/F); Mail the payment and the PA-40 ES (P/S/F) to the following address: PA DEPARTMENT OF REVENUE PO BOX 280403 HARRISBURG PA 17128-0403 IMPORTANT: When filing the PA-40 ES (P/S/F), enter the FEIN of the partnership, PA S corporation, estate or trust; never use the Social Security number of an owner or beneficiary. Complete the other identification information on the lefthand side of the coupon. In the middle column, fill in the oval to indicate the account is for a partnership, PA S corporation, estate or trust. In the right-hand column, enter the fiscal year information if applicable, as well as the 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 Payment 2022 RECORD OF NONRESIDENT WITHHOLDING TAX PAYMENTS (if more than six, make a copy of this worksheet) (A) Date (B) Amount Payment 1 4 2 5 3 6 (A) Date (B) Amount Total SECTION IV 2022 FINAL NONRESIDENT WITHHOLDING TAX WORKSHEET 1. 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 PARTNERSHIPS OR 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 Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax for Partnerships, S Corporations and Fiduciaries
More about the Pennsylvania Form PA-40 ES (P/S/F) Corporate Income Tax Estimated
Withholding tax vouchers for for Partnerships, S Corporations and Fiduciaries.
We last updated the PA-40 ES Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax in February 2024, and the latest form we have available is for tax year 2022. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Pennsylvania Department of Revenue. You can print other Pennsylvania tax forms here.
Related Pennsylvania Corporate Income Tax Forms:
TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Pennsylvania Form PA-40 ES (P/S/F).
| Form Code | Form Name |
|---|---|
| Form PA-40 | Pennsylvania Income Tax Return |
| Form PA-40 SP | PA Schedule SP - Special Tax Forgiveness |
| Form PA-40 A | PA Schedule A - Interest Income |
| Form PA-40 PA-V | PA-40 Payment Voucher |
| PA-40 ES (Individual) | Declaration of Estimated Personal Income Tax |
| PA-40 | Income Tax Return |
| Form PA-40 UE | PA Schedule UE - Allowable Employee Business Expenses |
| Form PA-40 B | PA Schedule B - Dividend Income |
| Form PA-40 C | PA Schedule C - Profit or Loss From Business or Profession |
| Form PA-40 E | PA Schedule E - Rents and Royalty Income (Loss) |
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 PA-40 ES (P/S/F) from the Department of Revenue in February 2024.
Form PA-40 ES (P/S/F) is a Pennsylvania Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
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.
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