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Pennsylvania Schedule A-2/Schedule A-3
Extracted from PDF file 2023-pennsylvania-form-rev-961.pdf, last modified May 2012Schedule A-2/Schedule A-3
FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. REV-961 CT (06-15) MMDDYYYY START ➜ CORPORATION NAME REVENUE ID TAX YEAR BEGINNING TAX YEAR ENDING SCHEDULE A-2 1. Beginning Retained Earnings (Must equal retained earnings from Column B, Line 24 of Schedule L on federal Form 1120S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Net Income per Books from Schedule M-1 or Schedule M-3 of federal Form 1120S . . . . . . . . . . . . . 3. Other Increases (Itemize) a. b. c. 4. Add Lines 1, 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Distributions (other than dividends) a. Distributions (other than dividends) reported on Schedule K of federal Form 1120S . . . . . . . . . . . . . . . . . b. Less Beginning Distributions Payable* . . . . . . . . . . . . . . . c. Plus Ending Distributions Payable* . . . . . . . . . . . . . . . . . 6. Dividend distributions reported on Schedule K of federal Form 1120S . . . . . . . . . . . . . . . . . . . . . . 7. Other Decreases (Itemize) a. b. c. 8. Total Lines 5, 6 and 7 ....................................................... 9. Ending Retained Earnings, Line 4 minus Line 8. (Must equal retained earnings from Column D, Line 24 of Schedule L on federal Form 1120S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * To support this adjustment, a schedule of beginning and ending liabilities reporting “Distributions Payable” must be included with federal Form 1120S. IMPORTANT: Corporations must complete federal Schedules L, M-1 and M-2 regardless of federal requirements. Federal Schedule M-3 may be provided in lieu of federal Schedule M-1. Schedule A-2 must be filed by taxpayers filing federal Form 1120S and whose net income per books differs from change in retained earnings plus distributions. 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. MMDDYYYY REV-961 CT (06-15) CORPORATION NAME TAX YEAR BEGINNING TAX YEAR ENDING REVENUE ID SCHEDULE A-3 ADJUSTMENTS TO NET INCOME PER BOOKS See CT-1 Instructions, REV-1200, found at www.revenue.pa.gov for requirements to complete these schedules. PART A 1. Net Income per Books from federal Schedule M-1 or federal Schedule M-3. Additions 2. Dividends from subsidiary corporations not included in Line 1 Reductions 8. Income from subsidiary corporations included in Line 1 3. Losses from subsidiary corporations deducted in arriving at Line 1 9. Income from limited liability companies included in Line 1* 4. Losses from limited liability companies deducted in arriving at Line 1* 10. Distributions to materially participating member of limited liability companies** 5. Distributions from limited liability companies not included in Line 1* 11. Other (Itemize) 6. Other (Itemize) 12. Total Lines 8 to 11 13. Revised Net Income per Books (Line 7 minus Line 12) 7. Total Lines 1 to 6 * Any taxpayer making these adjustments must provide a copy of federal Schedule K-1 if the investee LLC files federal Form 1065, or a reconciliation of beginning and ending net worth of the investee LLC if the investee LLC is a disregarded entity. ** This reduction may only be taken by LLCs and business trusts not taxed as corporations for federal income tax purposes. Taxpayers claiming this reduction must complete Part B below. PART B Name of Member Current-Year Distribution SSN or EIN of Member Less Current-Year Distribution included in Prior-Year Reduction How does member qualify as materially participating under IRC Section 469? Plus Current-Year Reduction distributed in subsequent year Current-Year Reduction Name of Member Current-Year Distribution SSN or EIN of Member Less Current-Year Distribution included in Prior-Year Reduction How does member qualify as materially participating under IRC Section 469? Plus Current-Year Reduction distributed in subsequent year Current-Year Reduction Name of Member Current-Year Distribution SSN or EIN of Member Less Current-Year Distribution included in Prior-Year Reduction How does member qualify as materially participating under IRC Section 469? Plus Current-Year Reduction distributed in subsequent year Current-Year Reduction Total Reduction from Supplemental Schedule (Attach additional schedule(s) if necessary.) . . . . . . . . . . . . . . . . . . . . . Total Reduction for Distributions to Materially Participating Members (Carry to Part A, Line 10.) . . . . . . . . . . . . . . . . . . Reset Entire Form RETURN TO PAGE ONE RETURN TO TOP PRINT FORM
Schedule A-2/Schedule A-3 (REV-961)
More about the Pennsylvania Form REV-961 Corporate Income Tax TY 2023
We last updated the Schedule A-2/Schedule A-3 in February 2024, so this is the latest version of Form REV-961, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form REV-961 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-40 ES (P/S/F) | PA-40 ES Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax |
| Form RCT-127A | Public Utility Realty Tax Report |
| Form PA-20S-PA-65 | S Corporation/Partnership Information Return (PA-20S/PA-65) |
| Form RCT-900 | Public Utility Realty Report By Local Taxing Authorities |
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-961 from the Department of Revenue in February 2024.
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-961
We have a total of thirteen past-year versions of Form REV-961 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2022 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2021 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2020 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2019 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2017 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2016 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2015 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2014 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2013 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2012 Form REV-961
Schedule A-2/Schedule A-3 (REV-961)
2011 Form REV-961
2011 Schedule A-2/Schedule A-3 (REV-961)
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