Pennsylvania Modifies Instructions for Completing Form PA-501, Employer Deposit Statement

Tom Hospod

April 27, 2017

This blog was last updated on June 26, 2021

The Pennsylvania Department of Revenue has revised its instructions for completing Form PA-501, Employer Deposit Statement of Employer Withholding Tax.

There are clarifications and modifications to this instructions of which filers should take note:

• “Gross Compensation” was clarified to mean “Total Compensation Subject to PA Tax.”
• “Credits” was clarified to instruct filers to subtract this amount from the withholding tax.
• Filers are no longer required to enter interest amounts on Line 4.
• The “Payment” field will now be automatically calculated and cannot be edited. The payment will equal the PA Withholding Tax (Line 2) less any credits (Line 3).
• Employer Withholding Tax Payments of $1,000 or more must be remitted by an approved EFT method. Failure to comply with this instruction may result in a penalty of 3% but not more than $500.

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Author

Tom Hospod

Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.

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