Pennsylvania - Form RCT-101 Detailed Information

Below is information regarding the completion of Pennsylvania Form RCT-101 PA Corporate Tax Report, when you report a Single-Member Limited Liability Company (SMLLC) on your Pennsylvania personal income tax return (instead of Form 1120 for Corporations, Form 1120S for S Corporations or Form 1065 for Partnerships).

UPDATE for tax years beginning after January 1, 2016:

The Pennsylvania Department of Revenue has repealed the tax that requires single member LLCs to file the RCT-101 (The Capital Stock and Foreign Franchise Taxes). As that tax no longer applies as of 1/1/16, the 2015 return will be the final report. Due to this, "Final Report" is automatically checked on page 5 of the report in the 2015 TaxAct 1040 software. This box is being marked per instructions from the Pennsylvania Department of Revenue.

Additional Information on the Elimination of the Tax

See the Pennsylvania DOR Capital Stock and Foreign Franchise Taxes webpage for information on taxes imposed on corporations with capital stock, joint-stock associations, limited liability companies, business trusts and all other entities classified as corporations for federal income tax purposes that were formed or do business in Pennsylvania.

See the Pennsylvania DOR When marking the RCT-101 or the RCT-101-I final report field as "Y" (Yes), what date should be used for the out of existence fields? FAQ.

When you indicate you are completing the RCT-101, you must select the Federal Schedule C, E, or F that is triggering this filing. Based on this selection, the TaxAct program will automatically attach the corresponding federal schedule as a PDF attachment when the RCT-101 is submitted electronically. Schedules L, M-1, and M-2 must be filled out (see the following information) and saved as PDFs on your computer in order to attach each of those schedules during the e-filing steps. Note. There must be three separate PDFs attached.

Based on your specific RCT-101 situation, you may also be required to attach Schedule X. Additionally, RCT-102, RCT-105, RCT-106, and Schedule A-3 are allowable attachments, meaning they are not required, but you will have the option to include these when e-filing.

If you mail a paper return, you would need to print and include the required forms and schedules with your return.

Related Links and Additional Information

  • 2015 CT-1 PA Corporation Tax Booklet, on page 9 is where the start is of the specific line-by-line instructions for completing Pennsylvania Form RCT-101.
  • A Single-Member Limited Liability Company (SMLLC) that files their business return for Federal purposes on their personal income tax return must file Pennsylvania RCT-101 and include the following items (as outlined on page 1 of the booklet instructions):
    • PA Schedule L Balance Sheets for the Beginning and End of the Tax Period
    • PA Schedule M-1 Reconciliation of Income (Loss) per Books to Income (Loss) per Return
    • PA Schedule M-2 Reconciliation of Member's Capital Account
    • Federal Schedule C, E, or F (Form 1040)
    • Schedule X
    • RCT-106 to support apportionment factors, if applicable
    • RCT-102 or RCT-105 to support the manufacturing exemption, if applicable
    • Schedule A-3 - Adjustments to Net Income per Books, if applicable
    • Other supporting statements if necessary, with references to supporting statements on the applicable form

Note. Schedules L, M-1 and M-2 and Schedule X can be completed on the Pennsylvania website. These are fillable forms which you then can print to send with your Pennsylvania return.

Note. The instructions for Schedules L, M-1, M-2, and Schedule X are on pages 16 - 17 of the PA Corporation Tax Booklet mentioned earlier.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.