Pennsylvania Corporate Net Income Tax Report

Corporate Net Income Tax Report
Corporate Net Income Tax - Cooperative Agriculture Association (RCT-125)
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.

1250019105

rct-125

OFFICIAL USE ONLY
Date Received (Official Use Only)

Page 1 of 3

08-19 (FI)

corPorate Net INcoMe taX
cooPeratIVe agrIcULtUre aSSocIatIoN
START

c

Tax Year Begin:
Revenue ID

Federal ID (FEIN)

Parent Corporation (FEIN)

➜

Tax Year End:

Due Date: (See Instructions)
Taxpayer Name

Please select correct letter in drop down

Check to Indicate a Change of Address
First Line of Address
Amended Report (Include REV-1175.)
First Report
Payment Made Electronically

Second Line of Address
City

State

ZIP
Final Report (See Instructions.)

Phone
Out of Existence Date:
Email

USe whoLe DoLLarS oNLy

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

Cooperative Agriculture Association Corporate Net Income Tax (Page 2, Line 4)
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.

1250019105

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

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FILL IN FORM USING ALL CAPS.DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY.

1250019205

rct-125

08-19 (FI)

Revenue ID

Page 2 of 3

caLcULatIoN of taX

USe whoLe DoLLarS oNLy

attach feDeraL forMS
1.
2.
3.
4.

Net Income (Dividends declared or declared and paid, Schedule A, Line 9)
Allocation Decimal (Schedule B, Line 3)
Net Income allocated to Pennsylvania (Line 1 times Line 2)
Tax (4 percent of Line 3)

c

1.
2.
3.
4.

ScheDULe a--recoNcILIatIoN of BegINNINg aND
eNDINg UNaPProPrIateD retaINeD earNINgS
1.
2.
3.
4.

1.
2.
3.
4.

Balance--Beginning of Year
Net Income per Books
Other Increases (Attach Schedule.)
Total (Sum of Lines 1 through 3)

Deductions:
5.
6.
7.
8.
9.
10.
11.

5.
6.
7.
8.
9.
10.
11.

Patronage refunds
Transferred to reserves
Statutory reserve
Other Decreases (Attach Schedule.)
Dividends on capital stock declared or declared and paid
Total Decreases (Total Line 5 through Line 9)
Balance - End of year (Line 4 minus Line 10)

ScheDULe B - DeterMINatIoN of aLLocatIoN DecIMaL
1.
2.
3.

Total gross receipts assignable to Pennsylvania
Total gross receipts from all business
Allocation decimal (Divide Line 1 by Line 2 and carry to six decimal places)

1.
2.
3.

1250019205

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

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rct-125

08-19 (FI)

Revenue ID

1250019305

Page 3 of 3

geNeraL INforMatIoN
Location of records

Records in care of

State of incorporation or organization

Date of incorporation or organization

Other states where business is transacted

ScheDULe of reaL ProPerty IN Pa
(Attach schedule if additional space is needed.)

o=owns
r=rents

Street address

1250019305
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city

county

1250019305
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Instructions for RCT-125

Corporate Net Income Tax - Cooperative Agriculture Association

RCT-125 IN 05-22

GENERAL INFORMATION
REMINDER
● The RCT-125 can now be filed electronically at mypath.pa.gov.
● 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.
● 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 REV426.
NOTE: The automatic PA extension provided by
Act 52 of 2013 to those with valid federal extensions DOES NOT apply to this tax.
● 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, non-year-specific tax form, completing all sections of the form. REV-1175, Schedule
AR (explanation for amending), must be included
when filing an amended report.
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-125, Corporate Net Income Tax - Cooperative Agriculture Association.
● Copies of federal Form 1120-C or federal Form 1120.
● Corporate officer’s signature on Page 1 and preparer’s
signature and PTIN on Page 2, if applicable.
IMPOSITION, BASE AND RATE
Cooperative agriculture association corporate net income
tax is imposed at the rate of 4 percent on the net income
attributable to business transacted in Pennsylvania of incorporated cooperative agriculture associations having capital
stock, and either doing business or having capital or property employed or used in Pennsylvania. This tax is imposed
under the Act of May 23, 1945, P.L. 893 (72 P.S. § 3420-21).
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
address of the taxpayer.
www.revenue.pa.gov

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 April 15 for an association reporting on a
calendar year basis. For associations reporting on a fiscal
year basis, the report is due on or before the 15th day of the
fourth month after the close of the fiscal year. If either date
falls on a Saturday, Sunday or holiday, the report is due the
next business day. A 10 percent late-filing penalty will be
imposed on late reports and assessed at the time of filing.
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.
FIRST REPORT
Enter “Y” in the block on Page 1 if this is the taxpayer’s first
PA cooperative tax filing.
ELECTRONIC PAYMENT
Enter “Y” in the block on Page 1 if the taxpayer has made
any electronic payments using myPATH.
RCT-125

1

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 completed Schedule of Disposition of Assets,
REV-861.
● 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.
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 address of the corporate officer.
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
address 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 address 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 mailing in 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 remitted in person or by
express mail courier. Returns may also be filed by express
mail courier. Mail payments and returns to the following
address:
PA DEPARTMENT OF REVENUE
BUREAU OF IMAGING AND
DOCUMENT MANAGEMENT
1854 BROOKWOOD ST
HARRISBURG PA 17104
2

RCT-125

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:
PA DEPARTMENT OF REVENUE
BUREAU OF IMAGING AND
DOCUMENT MANAGEMENT
PO BOX 280407
HARRISBURG PA 17128-0407
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.
CURRENT PERIOD OVERPAYMENT
If an overpayment exists on Page 1 of the RCT-125, the taxpayer must instruct the department to refund or transfer
overpayment as indicated below.
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.
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.
A tax period overpayment summary will be mailed to the
taxpayer confirming the disposition of the credit.
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-125 and written correspondence.

CONTACT INFORMATION
● For additional information regarding electronic payments
visit the departments Online Customer Service Center
at www.revenue.pa.gov.
● Questions regarding payments or refunds, email
[email protected].
● General business tax questions, visit the department's Online Customer Service Center at www.revenue.pa.gov.
● Business taxpayers and tax practitioners have the ability
to receive and view department issued electronic
statement of accounts and correspondence
electronically, visit mypath.pa.gov for more information.
www.revenue.pa.gov

LINE INSTRUCTIONS
RCT-125 should be completed in the following order:
(Page instructions start with Page 2 below.)
STEP 1
Complete the taxpayer information section and any applicable questions at the top of Page 1.
STEP 2
Enter the Revenue ID number and other taxpayer information in the designated fields at the top of each page.
STEP 3
Complete Page 2, Schedule A, Reconciliation of Beginning
and Ending Unappropriated Retained Earnings.
STEP 4
Complete Page 2, Schedule B, Determination of Allocation
Decimal.
STEP 5
Complete Page 2, Calculation of Tax.
STEP 6
Complete Page 1, Lines 1 through 10.
STEP 7
Complete Page 3, General Information.
STEP 8
Complete Page 3, Schedule of Real Property in PA.
STEP 9
Complete the corporate officer information section, sign and
date at the bottom of Page 1.
STEP 10
Complete the preparer’s information section, sign and date
at the bottom of Page 2, if applicable.
STEP 11
Mail the complete report and any supporting schedules to
the PA Department of Revenue.

PAGE 2
SCHEDULE A
RECONCILIATION OF BEGINNING AND ENDING
UNAPPROPRIATED RETAINED EARNINGS

LINE 1
BALANCE – BEGINNING OF YEAR
Enter the beginning retained earnings.

LINE 2
NET INCOME PER BOOKS
Enter the net income per books.

LINE 3
OTHER INCREASES (ATTACH SCHEDULE)
Enter the amount of other increases.
www.revenue.pa.gov

LINE 4
TOTAL
Enter the sum of Lines 1 through 3.

LINE 5
PATRONAGE REFUNDS
Enter the patronage refunds.

LINE 6
TRANSFERRED TO RESERVES
Enter the amount that was transferred to reserves.

LINE 7
STATUTORY RESERVE
Enter the amount from the statutory reserve.

LINE 8
OTHER DECREASES
Enter the amount of other decreases; detail of all decreases
must be provided.

LINE 9
DIVIDENDS ON CAPITAL STOCK DECLARED OR
DECLARED AND PAID
Enter the dividends on capital stock declared or declared
and paid.

LINE 10
TOTAL DECREASES
Enter the sum of Lines 5 through 9.

LINE 11
BALANCE – END OF YEAR
Enter the difference of Line 4 minus Line 10.

SCHEDULE B
DETERMINATION OF ALLOCATION DECIMAL

LINE 1
TOTAL GROSS RECEIPTS ASSIGNABLE TO
PENNSYLVANIA
Enter the total gross receipts assignable to PA.

LINE 2
TOTAL GROSS RECEIPTS FROM ALL BUSINESS
Enter the total receipts from all business.

LINE 3
ALLOCATION DECIMAL
Divide Line 1 by Line 2. Carry to six decimal places.
CALCULATION OF TAX
RCT-125

3

LINE 1

PAGE 3

NET INCOME
Enter the dividends declared or declared and paid from
Schedule A, Line 9.

GENERAL INFORMATION
Taxpayers should provide the following information:
Where and with whom the business records are located
The state where the entity was incorporated or organized
and the date it occurred
A list of all other states where the entity conducts business

LINE 2
ALLOCATION DECIMAL
Enter the decimal from Schedule B, Line 3.

LINE 3
NET INCOME ALLOCATED TO PENNSYLVANIA
Multiply Line 1 by Line 2.

SCHEDULE OF REAL PROPERTY IN PA
Taxpayers must report the location of any real property
utilized in Pennsylvania during the current tax period. Provide the requested information if the property was owned or
rented by the taxpayer.

LINE 4
TAX
Multiply Line 3 by 0.04. Carry the tax to Page 1, Line 1.

4

RCT-125

www.revenue.pa.gov