Form PA-20S (PA-65 H) Schedule H Apportioned Business Income (Loss) / Calculation of Pa Net Business Income (Loss) - Pennsylvania

What Is Form PA-20S (PA-65 H) Schedule H?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-20S, Partner/Member/ Shareholder Directory. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form PA-20S (PA-65 H)?
A: Form PA-20S (PA-65 H) is a schedule used in Pennsylvania to calculate apportioned business income (loss) and the net business income (loss).

Q: What is the purpose of Schedule H?
A: Schedule H is used to determine the proper allocation and apportionment of business income (loss) for Pennsylvania tax purposes.

Q: Who needs to file Form PA-20S (PA-65 H)?
A: Entities that are required to file Pennsylvania Business Income Tax Return (Form PA-20S/PA-65) and have business income (loss) from sources inside and outside of Pennsylvania need to file Schedule H.

Q: How is the apportioned business income (loss) calculated?
A: The apportioned business income (loss) is calculated by multiplying the total business income (loss) by the apportionment factor.

Q: What is the apportionment factor?
A: The apportionment factor is a ratio used to determine the portion of business income (loss) that is attributable to Pennsylvania. It is based on property, payroll, and sales factors.

Q: What is the net business income (loss)?
A: The net business income (loss) is the taxable income (loss) derived from the apportioned business income (loss) after deducting allowable expenses and deductions.

Q: Is there a deadline for filing Form PA-20S (PA-65 H)?
A: The deadline for filing Form PA-20S (PA-65 H) is the same as the deadline for filing the Pennsylvania Business Income Tax Return (Form PA-20S/PA-65), usually April 15th or the 15th day of the 4th month following the close of the taxable year, whichever is later.