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The document REV-1123 is an Educational Improvement/Opportunity Scholarship Tax Credit Election Form used by pass-through entities in Pennsylvania to irrevocably elect to pass the Educational Improvement Tax Credit (EITC) or Opportunity Scholarship Tax Credit (OSTC) to their shareholders, members, or partners. It outlines the necessary information required for the election, including total credits awarded, amounts to be applied to tax liabilities, and details about each owner receiving the credit. The form must be submitted separately for each tax year and includes specific instructions on how to complete it.

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Can a contractor ask for money upfront?

Its common for contractors to request some form of upfront payment, but the amount and reasons can vary. Here are some key points to consider: Deposit: Many reputable contractors ask for a deposit, typically ranging from 10% to 30% of the total project cost. This helps cover initial costs for materials and labor.

How to get a hic license?

How much does a general contractor license cost in Pennsylvania? Type of CertificationFee Home Improvement Contractor Registration Registration: $50 Renewal: $50 Philadelphia Contractor License License: $116 (includes a $20 non-refundable application fee) Renewal: $116 Late renewal: $116 + fees1 more row Nov 21, 2023

How much can a contractor ask for upfront in Pennsylvania?

What are the limits on down payments or deposits? Generally speaking a down payment of one-third of the total contract price or one-third plus the cost of special ordering materials is appropriate.

How much can a contractor ask for up front in PA?

0:13 1:23 Next youll need to complete any necessary training or education. This may include coursework or anMoreNext youll need to complete any necessary training or education. This may include coursework or an apprenticeship program. Once youve completed your training youll need to pass a licensing exam.

How much does a PA contractor license cost?

Find a registered Pennsylvania Home Improvement Contractor by searching the PA Attorney Generals database or calling 1 (888) 520-6680. Look up which contractors have had their licenses revoked or suspended.

pa home improvement contractor license renewal

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Should you pay a contractor 50% up front?

Yes, it is relatively common for contractors to request a deposit upfront, often around 10% to 50% of the total project cost. This deposit helps secure the contractors commitment to the project and covers initial costs.

How much over an estimate can a contractor go?

If the discrepancy is more than 10% to 20%, that difference could be a financial hardship for you. Sometimes, the company will work with you, especially if you have professional help when negotiating the increased costs of the project. Other times, you may have to file a complaint.

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