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Old 07-30-2009, 12:03 PM
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How can a PA C-Corporation become a PA S-Corporation

According to the PA Department of Revenue, "effective for tax years beginning on or after January 1, 2006, all federal Subchapter S corporations are automatically Pennsylvania S Corporations."

Also, if any federal Subchapter S Corporation that does not wish to be a Pennsylvania S Corporation may do so by filing an Election Not to be Taxed as a Pennsylvania S Corporation, REV-976, on or before the due date, or extended due date, of the report for the first year for which the election is to be in effect.

In prior years, that is for years beginning prior to January 1, 2006, "any corporation desiring to be a Pennsylvania S Corporation was required to file the PA S Corporation Election and Shareholders’ Consent Form, REV-1640, on or before the 75th day of the first period for which the election was to be in effect."

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