Instructions for Form REV-488 Statement of Financial Condition for Individuals - Pennsylvania

Form REV-488 Statement of Financial Condition for Individuals - Pennsylvania

This document contains official instructions for Form REV-488 , Statement of Financial Condition for Individuals - a form released and collected by the Pennsylvania Department of Revenue. An up-to-date fillable Form REV-488 is available for download through this link.

FAQ

Q: What is Form REV-488?
A: Form REV-488 is a statement of financial condition for individuals in Pennsylvania.

Q: Who needs to file Form REV-488?
A: Individuals residing in Pennsylvania who are subject to a tax liability or who have a tax refund claim may need to file Form REV-488.

Q: What is the purpose of Form REV-488?
A: The purpose of Form REV-488 is to provide the Pennsylvania Department of Revenue with information about an individual's financial situation in order to determine their tax liability or refund.

Q: What information is required on Form REV-488?
A: Form REV-488 requires information about an individual's income, assets, liabilities, and expenses.

Q: When is Form REV-488 due?
A: The due date for Form REV-488 varies depending on the individual's tax filing situation. It is typically due with the individual's income tax return.

Q: Are there any penalties for not filing Form REV-488?
A: Yes, there may be penalties for not filing Form REV-488 or for providing false information on the form.