Utah State Tax Commission Forms & Instructions
TC-20MC Instructions — Tax Return for Misc. Corporations
preamble
UTAH2025 Utah State Tax Commission • 210 North 1950 West • Salt Lake City, Utah 84134 • tax.utah.gov Forms and
Instructions
MiscellaneousMiscellaneous CorporationsCorporations
File the Right Corporate Forms • TC-20 if Corporation fi led federal form 1120, 1120-IC-DISC • TC-20S if S Corporation fi led federal form 1120S • TC-20MC if Corporation fi led federal forms 1120-H, 1120-RIC, 1120-REIT, 990-T or 8023 E-Filing is Easier! E-fi ling is the easiest and most accurate way to fi le. Ask your tax preparer about e-fi ling your individual, fi duciary, partnership, C corporation and S corporation returns, or use commercial tax software. Utah is Online Utah off ers many online services for individual and business fi lers, including: ttap.utah.gov • Pay by e-check or credit card. • Manage your Utah tax account. • Request payment plans. ttax.utah.gov • Download forms and instructions for all Utah tax types. • Link to free business resources and other services. E-Verify for Employers Employers can help prevent identity theft by verifying the Social Security numbers of job applicants. E-Verify is a free service of the U.S. Department of Homeland Security that verifi es employment eligibility through the Internet. Employers can use E-Verify at everify.uscis.gov. Utah Taxpayer Advocate Service The Taxpayer Advocate Service helps taxpayers who have made multiple, unsuccessful attempts to resolve concerns with the Tax Commission. This service helps resolve problems when normal agency processes break down, identifi es why problems occurred, and suggests solutions. See tax.utah.gov/contact, or contact us to fi nd out if you qualify for this service at 801-297-7562 or 1-800-662-4335, ext. 7562, or by email at taxpayeradvocate@utah.gov. Do not use the Taxpayer Advocate Service to bypass normal methods for resolving issues or disputes. Need more information? Questions 801-297-2200 or 1-800-662-4335 (outside the Salt Lake area) Research Utah rules, bulletins and Commission decisions: Utah Code Ann. (UCA): le.utah.gov Internal Revenue Code (IRC): law.cornell.edu/uscode/26 If you need an accommodation under the Americans with Disabilities Act, email taxada@utah.gov, or call 801-297-3811 or TDD 801-297-2020. Please allow three working days for a response. ContentsContents General Instructions and Information .........................................................................................................................................................1 TC-20MC - Utah Tax Return for Miscellaneous Corporations Instructions ................................................................................................5 Schedule A - Tax Calculation .....................................................................................................................................................................8 Schedule B - Refundable Credits ............................................................................................................................................................ 11 Schedule E - Prepayments of Any Type ..................................................................................................................................................12 TC-20, Schedule J - Apportionment Schedule.........................................................................................................................................12 TC-559, Corporation/Partnership Payment Coupon.................................................................................................................................15 Cover art by Randolph Prawitt
12025 Utah TC-20MC Instructions General Instructions and InformationGeneral Instructions and Information What's NewWhat's New • Utah Tax Rate: The 2025 Utah Legislature passed HB 106, lowering the corporate income tax rate from 4.55 percent to 4.5 percent. RemindersReminders • Market Sourcing of Revenues from Performance of Services by Multi-state Taxpayers: Corporations performing a service both in and outside Utah must calculate the sales factor numerator on TC-20, Schedule J by considering the service income to be in Utah if the buyer receives a greater bene fi t of the service in Utah than in any other state. See TC-20, Schedule J - Apportionment Schedule Instructions on page 12. • Method of Apportioning Income: To determine if you qualify as an optional apportionment taxpayer or a sales factor weighted taxpayer, see Schedule J - Apportionment Schedule on page 12. Electronic Filing for Corporation Electronic Filing for Corporation ReturnsReturns Utah corporation returns may be fi led electronically under a joint program between the Internal Revenue Service and the Utah State Tax Commission. The federal and state information is submitted at the same time and the IRS extracts its federal data and forwards the state data to the Tax Commission. No papers need to be mailed to the agencies when fi ling electronically. C corporations and S corporations may fi le electronically. Check with your software provider to see if they off er electronic corporation fi ling. To learn more about fi ling your corporation return electronically, go to Corporation Identifi cation NumbersCorporation Identifi cation Numbers The corporation's federal Employer Identi fi cation Number (EIN) is the Utah identifi cation number. The Utah Department of Commerce also issues a registration number upon incorporation or qualifi cation in Utah. Enter both the EIN and Utah Incorporation/Qualifi cation Number in the proper fi elds. These numbers are used for identifi cation of the corporate tax return. Corporation Changes Corporation Changes Report changes (e.g., name change, physical and/or mailing address changes, merger, or ceasing to do business in Utah) in writing to: UT Division of Corporations and Commercial Code Department of Commerce 160 E 300 S, 2nd Floor PO Box 146705 Salt Lake City, UT 84114-6705 and submit form TC-69C to: Master Records 210 N 1950 W Salt Lake City, UT 84134-3215 Dissolution or WithdrawalDissolution or Withdrawal Corporations that cease to do business in Utah must either dissolve or withdraw the corporation. Corporations incorporated in Utah must fi le Articles of Dissolution with the Department of Commerce. Corporations incorporated outside of Utah must fi le an Application for Withdrawal with the Department of Commerce. The corporation must fi le all its tax returns and pay all its taxes before the Department of Commerce will authorize the withdrawal. Rounding Off to Whole DollarsRounding Off to Whole Dollars Round off cents to the nearest whole dollar. Round down if cents are under 50 cents; round up if cents are 50 cents and above. Do not enter cents on the return. Negative NumbersNegative Numbers When reporting losses or other negative numbers, do not use parentheses. Always indicate a negative number with a minus sign (-). Who Must FileWho Must File The Tax Commission does not mail forms for fi ling corporate taxes. Get Utah forms at tax.utah.gov/forms. Note: See What to Attach and What to Keep on page 3 for what federal information you must fi le with your Utah return. Homeowners AssociationHomeowners Association A homeowners association incorporated in Utah (domestic), qualifi ed in Utah (foreign), or doing business in Utah whether qualifi ed or not, must fi le form TC-20MC when it has taxable income for federal purposes and has fi led federal form 1120-H. Regulated Investment Company (RIC)Regulated Investment Company (RIC) Every regulated investment company (RIC) or fund of such company, as defi ned in IRC §§851(a) or 851(g) and organized under the laws of Utah, must fi le form TC-20MC. Real Estate Investment Trust (REIT)Real Estate Investment Trust (REIT) Every real estate investment trust (REIT) or fund of such company, as defi ned in IRC §856, registered or doing business in Utah must fi le form TC-20MC. Doing business in Utah includes owning an interest in Utah real property.
22025 Utah TC-20MC Instructions Exempt Corporation with Exempt Corporation with Unrelated Business IncomeUnrelated Business Income An exempt corporation incorporated in Utah (domestic), qualifi ed in Utah (foreign), or doing business in Utah whether qualifi ed or not, must fi le form TC-20MC when it has unrelated business income. All exempt corporations must register with the Tax Commission by fi ling form TC-161, Utah Registration for Exemption from Corporate Franchise or Income Tax. You do not need to fi le form TC-161 if you fi led it in a previous year. One-day Utah Corporation (IRC Section 338)One-day Utah Corporation (IRC Section 338) Transactions for which an election has been made or considered to be made for federal purposes under IRC §338 are treated as provided in UCA §59-7-114. An election is not available for Utah purposes unless an election is made or considered to be made for federal purposes. If an election is made or considered to be made for federal purposes under IRC §338, other than under Subsection 338(h)(10), the target corporation must fi le a separate entity one-day form TC-20MC, as is required for federal purposes. The target corporation must include in that return the gain or loss on the deemed sale of assets in its adjusted income (UCA §59-7-114). The gain or loss on the deemed sale of assets must be apportioned to Utah using the apportionment fraction, calculated to six decimals, of the target corporation, calculated on a separate entity basis for the most recent preceding tax year consisting of 180 days or more. If an election is made for federal purposes under IRC §338(h)(10) or IRC §336(e), do not use form TC-20MC, use form TC-20. Where to FileWhere to File Mail your return to: 210 N 1950 W Salt Lake City, UT 84134-0300 Tax YearTax Year The tax year for Utah tax purposes must match the tax year used for federal tax purposes. When the tax year changes for federal purposes, the tax year must be changed for Utah tax purposes. Due DateDue Date The due date for an exempt organization with unrelated business income (TC-20MC, Schedule A, Part 4) is the same as the due date of its federal return. The due date of the one-day return (TC-20MC, Schedule A, Part 5) is the same as the due date of the return that includes the tax period of the target corporation immediately preceding the one-day return. All other returns must be fi led on or before the 15th day of the fourth month following the close of the tax year or the due date of the federal return, whichever is later. If the due date falls on a Saturday, Sunday or legal holiday, the due date becomes the next business day. Filing ExtensionFiling Extension Corporations are automatically allowed an extension of up to six months to fi le a return without fi ling an extension form. This is NOT an extension of time to pay taxes - it is only an extension of time to fi le your return. To avoid penalty, the prepayment requirements must be met on or before the original return due date, and the return must be fi led within the six-month extension period. Minimum TaxMinimum Tax There is a minimum tax (privilege tax) of $100 on every regular C corporation, regulated investment company and real estate investment trust regardless of whether the corporation exercises its right to do business. The minimum tax does not apply to S corporations, homeowners associations, or exempt corporations with unrelated business income. Prepayment of Minimum TaxPrepayment of Minimum Tax Corporations subject to the minimum tax that meet the prepayment requirement in the current year and had a tax liability of $100 (the minimum tax) for the previous year may choose to prepay the $100 minimum tax on the 15th day of the 12th month instead of four payments of $25. Corporations subject to the minimum tax that met the prepayment requirement in the previous year and have a tax liability of $100 (the minimum tax) in the current year may choose to prepay the minimum tax amount of $100 on the 15th day of the 12th month instead of four payments of $25. In this case, the corporation must pay $100, not 90 percent. Corporations subject to the minimum tax that do not make the required prepayments are subject to a penalty. See Penalties, below. Prepayment Requirements Prepayment Requirements (Does not apply to One-day Target Corporations electing under Section 338) Extension PrepaymentsExtension Prepayments Extension prepayments must equal 90 percent of the current year tax liability (or, if applicable, the $100 minimum tax, whichever is greater) or 100 percent of the previous year's tax liability. Corporations subject to the minimum tax must pay the $100 minimum tax (per corporation in a combined group) even if there was no previous year return. Use form TC-559, Corporation/Partnership Payment Coupon, to make estimated prepayments.
32025 Utah TC-20MC Instructions Quarterly PaymentsQuarterly Payments Every corporation having a Utah tax liability of $3,000 or more in the current tax year, or a tax liability of $3,000 or more in the previous tax year, must make quarterly estimated tax payments. A corporation does not need to make quarterly estimated tax payments the fi rst year it fi les in Utah if it pays the minimum tax on or before the due date, without the extension. Quarterly estimated payments are due on the 15th day of the 4th, 6th, 9th and 12th months of the corporation's tax year, unless federal action changes the federal quarterly due dates. Corporations may elect to make the quarterly estimated tax payments equal to 100 percent of the prior year's tax in four equal payments, or 90 percent of the current year's tax based on the percentages below. As defi ned in UCA §59-7-504(2), the percentage of the payment for annualized income installments, for adjusted seasonal installments, and for estimated tax payments based on the current year tax liability, is: Installment Percentage Installment Percentage 1st 22.5 2nd 45.0 3rd 67.5 4th 90.0 If you use a di ff erent annualization period than the period used for federal purposes, you must make an election with the Tax Commission at the same time as provided in IRC §6655. Make estimated tax payments with form TC-559, Corporation/ Partnership Payment Coupon. Corporations not making the required tax prepayments are subject to a penalty as stated in Penalties, below. PenaltiesPenalties Utah law (UCA §59-1-401) provides penalties for not fi ling tax returns by the due date, not paying tax due on time, not making su ffi cient prepayment on extension returns, and not fi ling information returns or supporting schedules. See tax.utah.gov/billing/penalties-interest and Pub 58, Utah Interest and Penalties, at tax.utah.gov/forms. The Tax Commission will calculate the penalty for underpayment of required prepayments. Exceptions to Penalty on Estimated TaxExceptions to Penalty on Estimated Tax Annualized ExceptionAnnualized Exception A corporation may annualize its income before determining the amount of each estimated tax installment. Follow federal guidelines to determine annualized income. If the corporation meets the annualized exception at the federal level for any installment, check the appropriate box(es) on form TC-20MC, line 16. Recurring Seasonal ExceptionRecurring Seasonal Exception A corporation with recurring seasonal income may annualize its income before determining the amount of each estimated tax installment. Follow federal guidelines to determine seasonal income. If the corporation meets the seasonal exception at the federal level for any installment, check the appropriate box(es) on form TC-20MC, line 16. Prepayment of Minimum Tax RequirementPrepayment of Minimum Tax Requirement See Prepayment of Minimum Tax instructions, above. Note: The prepayment penalty does not apply to a one-day target corporation under IRC §338. Interest Interest (in addition to penalties due)(in addition to penalties due) Interest is assessed on underpayments from the due date until the liability is paid in full. The interest rate for the 2026 calendar year is 6 percent. For more information, get Pub 58, Utah Interest and Penalties, at Suspension for Failure to Pay Tax DueSuspension for Failure to Pay Tax Due Utah law provides for suspension of a corporation's right to do business in Utah if it fails to pay taxes due before 5:00 p.m. on the last day of the 11th month after the due date. If you cannot pay the full amount you owe, you can request a payment plan. Log into your TAP account at tap.utah.gov. From the Corporate/Partnership panel, click "Request waiver, payment plan, or payment plan email." You may also: 1. complete form TC-804B, Business Tax Payment Agreement Request ( tax.utah.gov/forms), or 2. call the Tax Commission at 801-297-7703 or 1-800-662-4335 ext. 7703. What to Attach and What to Keep What to Attach and What to Keep Include the following with your Utah TC-20MC. Also, keep copies of these with your tax records. • Utah miscellaneous corporation return schedules: Attach to TC-20MC the page 2 and applicable schedules A (page 1 or page 2), B/E, and/or J. • Federal return: • Regulated Investment Company - Attach a copy of your federal form 1120-RIC. • Real Estate Investment Trust - Attach a copy of your federal form 1120-REIT. • Homeowners Association - Attach a copy of your federal form 1120-H. • Unincorporated Exempt Organization or Exempt Corporation having Unrelated Business Income - Attach a copy of your federal form 990-T. • One-day Target Corporation with an IRC Section 338 Election - Attach a copy of your federal return including the IRC §338 gain or loss and federal form 8023. Do not send credit schedules, worksheets or other documentation unless specifi cally requested in these instructions. Keep these in your fi les. We may ask you to provide them later to verify entries on your Utah return. Payment OptionsPayment Options OnlineOnline Easily and securely pay your tax online with your credit card, an electronic check (ACH debit), or other electronic options. Online payments may include a service fee. Pay at tap.utah.gov.
42025 Utah TC-20MC Instructions Check or Money OrderCheck or Money Order To pay by check or money order, mail your check or money order with your return. Make payable to the "Utah State Tax Commission" and write your daytime phone number and "2025 TC-20MC" on the check. Do not staple to your return. Remove any check stub before sending. Do not mail cash with your return. The Tax Commission is not liable for cash lost in the mail. If paying by mail, include a TC-559 coupon with your payment. See form TC-559 on page 15 of these instructions.
52025 Utah TC-20MC Instructions TC-20MC - Utah Tax Return for Miscellaneous TC-20MC - Utah Tax Return for Miscellaneous Corporations InstructionsCorporations Instructions Filing PeriodFiling Period File the 2025 return for calendar year 2025 and fi scal years beginning in 2025 and ending in 2026. If the return is for a fi scal year or a short tax year (less than 12 months), fi ll in the tax year beginning and end dates at the top of the form using the format mm/dd/yyyy. Corporation Name and AddressCorporation Name and Address Enter the corporation name, address and telephone number, including area code. If the address has changed, see Corporation Changes on page 1. Zip CodeZip Code Enter your ZIP Code, including the "plus four" at the end, without a hyphen. Foreign CountryForeign Country If your address is in a foreign country, enter the mailing address where indicated. Enter the foreign city, state/province and postal code in the City fi eld. Abbreviate if necessary. Leave the State and ZIP Code fi elds blank. Enter only the foreign country name in the Foreign country fi eld. EIN and Utah Incorporation/EIN and Utah Incorporation/ Qualifi cation NumberQualifi cation Number Enter your Federal EIN and Utah Incorporation/Qualifi cation Number issued by the Department of Commerce in the appropriate fi elds. Amended ReturnsAmended Returns Do not submit a copy of your original return with your amended return. To amend a previously fi led return, use the tax forms and instructions for the year you are amending. Get prior year forms and instructions at Enter your current address on an amended return. Amend your return if: • you discover an error on your Utah or federal return after it has been fi led, or • your federal return is examined or adjusted by the IRS and the examination or adjustment a ff ects your Utah return. You must amend your Utah return within 90 days of the IRS's fi nal determination. To qualify for a refund or credit, an amended return must be fi led by the later of three years after the original return was due or two years from the date the tax was paid. A return fi led before the due date is considered fi led on the due date. To amend a previously fi led return, at the top of page 1, on the "Amended Return" line, enter the code number from the following list that best describes your Reason for Amending: Reason-for-Amending CodesReason-for-Amending Codes 1 You fi led an amended federal return with the IRS. Attach a copy of your amended federal return. 2 You made an error on your Utah return. Attach an explanation of the error. 3 Your federal return was changed by an IRS examination or adjustment that aff ects your Utah return. Attach a copy of the IRS adjustment. 4 Other. Attach an explanation to your return. Enter the corrected fi gures on the return and/or schedule. Enter all other amounts as shown on your original return. If you received a refund on your original return, subtract the previous refund (exclude refund interest) from the amount of any tax paid with the original return and/or subsequent payments of the tax prior to fi ling the amended return. Enter the net amount on line 8. Enter a net refund as a negative amount (preceded by a minus sign). Federal Form 8886Federal Form 8886 If you fi led federal form 8886, Reportable Transaction Disclosure Statement, with the Internal Revenue Service, enter an "X" at the top of TC-20MC, where indicated. Current Annual Report Current Annual Report If this entity has fi led a current annual report with the Division of Corporations, enter an "X" in the fi eld to the right of the address block, where indicated. Line-by-Line InstructionsLine-by-Line Instructions
Line 1 - Corporation Return TypeLine 1 - Corporation Return Type
Enter an "X" on the line that matches the type of corporation return being fi led. There are six choices: • Regulated Investment Company (complete Part 1 of Schedule A and attach a copy of federal form 1120-RIC). • Real Estate Investment Trust (complete Part 2 of Schedule A and attach a copy of federal form 1120-REIT). Note: A captive real estate investment trust must fi le a TC-20 instead of a TC-20MC. For more information, see the TC-20 instructions. • Homeowners Association with IRC §528 Income (complete Part 3 of Schedule A and attach a copy of federal form 1120-H). • Unincorporated Exempt Organization or Exempt Corporation having Unrelated Business Income (complete Part 4 of Schedule A and attach a copy of federal form 990-T). • One-day Target Corporation with an IRC §338 Election (complete Part 5 of Schedule A and attach a copy of federal form 8023). • Other (use only when the Tax Commission instructs you to do so).
62025 Utah TC-20MC Instructions
Line 2 - TaxLine 2 - Tax
Enter the amount of tax calculated in the applicable part on Schedule A. You MUST complete and attach TC-20MC, Schedule A. Attach only the page of Schedule A (page 1 or page 2) that applies to your corporation. See instructions on page 8.
Line 3 - Utah Use TaxLine 3 - Utah Use Tax
Use tax is a tax on goods and taxable services purchased for use, storage or other consumption in Utah. Use tax applies only if sales tax was not paid at the time of purchase. If you purchased an item from an out-of-state seller, including Internet, catalog, radio and TV purchases, and the seller did not collect sales tax on that purchase, you must pay the use tax directly to the Tax Commission. If you have a Utah sales tax license/account, report the use tax on your sales tax return. If you do not have a Utah sales tax license/account, report the use tax on line 3 of TC-20MC. You may take a credit for sales or use tax paid to another state (but not a foreign country). If the other state's tax rate is lower than Utah's, you must pay the diff erence. If the other state's tax rate is more than Utah's, no credit or refund is given. If sales tax was paid to more than one state, complete the Use Tax Worksheet below for each state. Add lines 8 on all worksheets and enter the total on line 3 of TC-20MC. Sales and use tax rates vary throughout Utah. Use the Use Tax Rate Chart below to get the rate for the location where the merchandise was delivered, stored, used or consumed. Use the county tax rate if the city is not listed. Grocery food bought through the Internet or catalog is taxed at 3 percent. The grocery food must be sold for ingestion or chewing by humans and consumed for the substance's taste or nutritional value. The reduced rate does not apply to alcoholic beverages or tobacco. See Pub 25, Sales and Use Tax, at Use Tax WorksheetUse Tax Worksheet 1. Amount of purchases (except grocery food) subject to use tax 1 _________ 2. Use tax rate (decimal from Use Tax Rate Chart) 2 . __ __ __ __ 3. Multiply line 1 by line 2 3 _________ 4. Amount of grocery food purchases subject to use tax 4 _________ 5. Multiply line 4 by 3% (.03) 5 _________ 6. Add line 3 and line 5 6 _________ 7. Credit for sales tax paid to another state on use tax purchases 7 _________ 8. Use tax due (subtract line 7 from line 6) 8 _________ (If less than zero, enter "0.") .0635 Beaver County .0735 Beaver City, UIPA Min. Mt - Beaver City .0665 Box Elder County .0695 Brigham City, Mantua, Perry, Willard, MIDA NG - Brigham, UIPA GS - Brigham .0765 Snowville .0700 Cache County .0725 Cache Valley Transit, Hyde Park, Lewiston, Millville .0730 Hyrum, Logan, Nibley, N. Logan, Providence, Richmond, River Heights, Smithfield, MIDA NG - Logan .0635 Carbon County .0645 Helper .0675 Price .0665 Wellington, UIPA CC - Wellington .0765 Daggett County .0875 Dutch John .0715 Davis County .0725 Bountiful, Centerville, Clearfield, Clinton, Farmington, Kaysville, Layton, N. Salt Lake, S. Weber, Syracuse, W. Bountiful, Woods Cross .0635 Duchesne County .0645 Duchesne City .0675 Roosevelt .0635 Emery County .0825 Green River, UIPA CC - Gr. River .0735 Garfield County .0835 Boulder, Panguitch, Tropic .0855 Bryce Canyon .0845 Escalante, Hatch .0685 Grand County .0885 Moab .0665 Iron County .0865 Brian Head .0675 Cedar City, Parowan, MIDA NG - Cedar City .0665 Juab County .0695 Eureka .0705 Mona, Nephi .0700 Santaquin South .0735 Kane County .0845 Kanab .0835 Orderville .0635 Millard County .0675 Fillmore, MIDA NG - Fillmore, UIPA HC - Fillmore .0665 Scipio .0670 Morgan County .0695 Morgan City .0635 Piute County .0665 Rich County .0825 Garden City .0745 Salt Lake County .0905 Alta .0855 Brighton .0765 Murray, So. S.L., So. S.L. HTRZ .0845 Conv. Centr. Zone, Fairpark Dist., Inland Port SLC, Salt Lake City, SLC Conv. Hotel, SLC HTRZ .1005 MIDA MVP - SLC .0635 San Juan County .0675 Blanding, Monticello .0745 Bluff .0635 Sanpete County .0645 Centerfield, Mayfield .0675 Ephraim, Fairview, Gunnison, Mt. Pleasant, MIDA NG - Mt. Pleasant .0665 Manti, Sterling, MIDA NG - Manti .0665 Sevier County .0675 Aurora, Redmond .0695 Koosharem, Monroe .0705 Richfield, Salina, MIDA NG - Richfield .0765 Summit County .0955 Park City .0795 Snyderville Basin Transit .0660 Tooele County .0690 Erda, Lakepoint City, Lakepoint Transit, Lincoln, Stansbury Park .0700 Grantsville, Tooele City, MIDA NG - Tooele City, UIPA Twenty Wells .0645 Uintah County .0695 Naples, Vernal .0735 Utah County .0745 Alpine, American Fork, Cedar Hills, Highland, Lehi, Lindon, Mapleton, MIDA NG - Lehi, MIDA NG - American Fork, MIDA NG - Spanish Fork, Orem, Payson, Pleasant Grove, Provo, Santaquin, Saratoga Springs, Spanish Fork, Springville, Vineyard, ULA Lehi, ULA Lindon, ULA Provo, ULA Vineyard, Vineyard HTRZ .0895 MIDA MVP - Ut. Co. .0725 Wasatch County .0755 Heber .0835 Independence, Mil. Rec. Wasatch, Mil. Rec. Hideout, Mil. Rec. MWR Hotel, Mil. Rec. GAEC PID .0865 Midway .0915 Park City East .0645 Washington County .0675 Hurricane, Ivins, La Verkin, St. George, Santa Clara, Washington City, MIDA NG - St. George .0805 Springdale .0745 Virgin .0765 Wayne County .0795 Bicknell, Loa, Torrey .0725 Weber County .0745 Falcon Hill Riverdale, Riverdale .0825 Huntsville Use Tax Rate Chart (Effective Dec. 31, 2025) Line 4 - Current Year IRC §965(a) Installment Line 4 - Current Year IRC §965(a) Installment AmountAmount If you were liable for Utah tax on deferred foreign income described in IRC §965(a) and you chose to pay the tax in eight yearly installments, enter the current-year installment amount on line 4. The installment is a percentage of the total Utah tax due, as reported on line 17 of form TC-20R.
72025 Utah TC-20MC Instructions Installment TableInstallment Table First installment: 8% (paid with TC-20R) Second Installment: 8% Third installment: 8% Fourth installment: 8% Fifth installment: 8% Sixth installment: 15% Seventh installment: 20% Eighth installment: 25%
Line 5 - Total TaxLine 5 - Total Tax Add lines 2, 3 and 4.
Line 6 - Refundable CreditsLine 6 - Refundable Credits Enter the total of the refundable credits listed on Schedule B.
Line 7 - Prepayments from Schedule ELine 7 - Prepayments from Schedule E
A refundable credit is allowed for advance payments made as quarterly estimated tax payments, prepayments and extension payments (form TC-559). Include any overpayment from a prior year that was applied to this year. Enter the prepayments on Schedule E and carry the total from line 4 of Schedule E to line 7 of the TC-20MC.
Line 8 - Amended Returns OnlyLine 8 - Amended Returns Only
This line is only for amended returns. Enter the amount of tax paid with the original return and subsequent payments made prior to fi ling this amended return, less any previous refunds (exclude refund interest). Enter a net refund as a negative amount (preceded by a minus sign).
Line 9 - Total Refundable Credits and Line 9 - Total Refundable Credits and PrepaymentsPrepayments Add lines 6 through 8.
Line 10 - Tax DueLine 10 - Tax Due If line 5 is larger than line 9, subtract line 9 from line 5.
Line 11 - Penalties and InterestLine 11 - Penalties and Interest Enter any penalties and interest that apply to this return.
Line 12 - Total Due - Pay This AmountLine 12 - Total Due - Pay This Amount
Add line 10 and line 11. Pay at tap.utah.gov, or send a check or money order with your return (make payable to the Utah State Tax Commission). Do not mail cash. The Tax Commission assumes no liability for loss of cash placed in the mail.
Line 13 - OverpaymentLine 13 - Overpayment
If line 9 is larger than the sum of lines 5 and 11, subtract the sum of lines 5 and 11 from line 9.
Line 14 - Amount of Overpayment to be Line 14 - Amount of Overpayment to be
Applied to Next Tax YearApplied to Next Tax Year All or part of any overpayment shown on line 13 may be applied as an advance payment for the next tax year. Enter the amount to be applied (may not exceed the overpayment on line 13).
Line 15 - RefundLine 15 - Refund Subtract line 14 from line 13. This is the amount to be refunded to you.
Line 16 - Quarterly Estimated Prepayments Line 16 - Quarterly Estimated Prepayments
Meeting ExceptionMeeting Exception Check any boxes corresponding to the four quarters to which a federal penalty exception applies. See Prepayment Requirements on page 2 for exceptions to the underpayment penalty. Attach supporting documentation. Signature and Date LineSignature and Date Line Sign and date the return. We will not issue a refund without a signature. Paid Preparer AuthorizationPaid Preparer Authorization If the corporation wants to allow the Tax Commission to discuss this return with the paid preparer who signed it, enter an "X" in the box on the right-hand side of the signature area of the return where indicated. This authorization applies only to the individual whose signature appears in the Paid Preparer Section of the return. It does not apply to the fi rm, if any, shown in that section. If you enter an "X" in the box, the corporation is authorizing the Tax Commission to call the paid preparer to answer any questions that may arise during the processing of the return. The paid preparer is also authorized to: • give the Tax Commission any information that is missing from the return, • call the Tax Commission for information about the processing of the return or the status of any refund or payment(s), and • respond to certain Tax Commission notices about math errors, off sets and return preparation. The corporation is not authorizing the preparer to receive any refund, bind the entity to anything (including any additional tax liability), or otherwise represent the entity before the Tax Commission. The authorization will automatically end no later than the due date (without regard to extensions) for fi ling next year's tax return. If you want to expand the preparer's authorization, complete and submit form TC-737, Power of Attorney and Declaration of Representative ( tax.utah.gov/forms). If you want to revoke the authorization before it ends, submit your request in writing to the Utah State Tax Commission, attention Taxpayer Services, 210 N 1950 W, SLC, UT 84134. Paid PreparerPaid Preparer The paid preparer must enter his or her name, address and PTIN in the section below the corporate o ffi cer's signature on the return. Preparer PenaltiesPreparer Penalties (UCA §§59-1-401(11)-(12))(UCA §§59-1-401(11)-(12)) The person who prepares, presents, procures, advises, aids, assists or counsels another on a return, affi davit, claim or similar document administered by the Tax Commission, and who knows or has reason to believe it may understate a tax, fee or charge is subject to both a civil penalty ($500 per document) and criminal penalties (second degree felony with a fi ne from $1,500 to $25,000).
82025 Utah TC-20MC Instructions Supplemental Information to be Supplemental Information to be Supplied by All CorporationsSupplied by All Corporations All corporations fi ling a TC-20MC must complete the information on page 2 of the return.
Schedule A - Tax Calculation Schedule A - Tax Calculation
X Part 1 - Regulated Investment Company Part 1 - Regulated Investment Company Remember to mark line 1 on TC-20MC showing this return is for a Regulated Investment Company.
Line 1 - Investment Company Taxable Line 1 - Investment Company Taxable
Income/LossIncome/Loss Enter the investment company's taxable income/loss from federal form 1120-RIC, line 26. Add to this amount any COVID-19 Payroll Protection Program (PPP) grant or loan amount that: 1. was forgiven during the 2025 tax year, 2. is exempt from federal income tax, and 3. you used for expenses that you deducted on your federal tax return. If you own an interest in an LLC, partnership, S corporation or trust that received a PPP grant or loan meeting these requirements, include your distributed share on this line. (See the "Other Income" line of Utah Schedule K-1 received from the LLC, partnership, S corporation or trust.)
Line 2 - Municipal InterestLine 2 - Municipal Interest Enter any municipal interest as determined by IRC §852(b)(2).
Line 3 - Exclusion of Net Capital GainLine 3 - Exclusion of Net Capital Gain Enter any net capital gain exclusion as determined by IRC §852(b)(2).
Line 4 - Net Taxable IncomeLine 4 - Net Taxable Income Add lines 1 through 3.
Line 5 - Deduction for Capital Gain DividendsLine 5 - Deduction for Capital Gain Dividends
Enter any deduction for capital gain dividends as de fi ned in IRC §852(b)(3)(C).
Line 6 - Exempt Interest DividendsLine 6 - Exempt Interest Dividends
Enter any exempt interest dividends as defi ned in IRC §852(b) (5). Line 7 - Utah Taxable Income/LossLine 7 - Utah Taxable Income/Loss Subtract the sum of lines 5 and 6 from line 4.
Line 8 - Initial Tax Line 8 - Initial Tax
Multiply line 7 by 4.5 percent (.045). This is the initial Utah corporate tax. Do not enter an amount less than zero.
Line 9 - Minimum TaxLine 9 - Minimum Tax The minimum tax for a regulated investment company is $100.
Line 10 - TaxLine 10 - Tax
Enter the larger of the tax on line 8 or the minimum tax on line 9. Carry this tax to line 2 of TC-20MC. Note: Attach a copy of your federal form 1120-RIC to your Utah return. X Part 2 - Real Estate Investment Trust Part 2 - Real Estate Investment Trust Remember to mark line 1 on TC-20MC showing this return is for a Real Estate Investment Trust. Note: A captive real estate investment trust must be included as a member of a unitary group fi ling Utah form TC-20 (not TC-20MC). A real estate investment trust (REIT) is a "captive real estate investment trust" if the shares or benefi cial interests of the REIT are not regularly traded on an established securities market, and more than 50 percent of the voting power or value of the shares or benefi cial interests of the REIT are directly, indirectly or constructively owned or controlled by a controlling entity of the REIT.
92025 Utah TC-20MC Instructions Line 1 - REIT Taxable Income/LossLine 1 - REIT Taxable Income/Loss Enter the real estate investment trust's taxable income/loss from federal form 1120-REIT, line 23. Add to this amount any COVID-19 Payroll Protection Program (PPP) grant or loan amount that: 1. was forgiven during the 2025 tax year, 2. is exempt from federal income tax, and 3. you used for expenses that you deducted on your federal tax return. If you own an interest in an LLC, partnership, S corporation or trust that received a PPP grant or loan meeting these requirements, include your distributed share on this line. (See the "Other Income" line of Utah Schedule K-1 received from the LLC, partnership, S corporation or trust.)
Line 2 - Income Taxed for Federal Purposes Line 2 - Income Taxed for Federal Purposes under the IRC but Not Included in under the IRC but Not Included in
Line 1Line 1 Enter the total of all income items taxed for federal purposes under the Internal Revenue Code but not included in the amount entered on line 1.
Line 3 - Federal Net Operating Loss Line 3 - Federal Net Operating Loss
DeductionDeduction Enter any federal net operating loss deduction from federal form 1120-REIT, line 22a. Line 4 - Apportionable Income/LossLine 4 - Apportionable Income/Loss Add lines 1 through 3.
Line 5 - Apportionment FractionLine 5 - Apportionment Fraction
Enter 1.000000, or the fraction (decimal) from TC-20, Schedule J line 9 or 10, if applicable. Line 6 - Taxable Income/LossLine 6 - Taxable Income/Loss Multiply the apportionable income/loss on line 4 by the apportionment fraction on line 5.
Line 7 - Utah Net Loss Carried Forward from Line 7 - Utah Net Loss Carried Forward from
Prior YearsPrior Years Enter Utah net operating loss carried forward from the prior year. Losses may not exceed 80 percent of your Utah taxable income on line 6. Attach documentation to the return to support the losses. Line 8 - Utah Taxable income/LossLine 8 - Utah Taxable income/Loss Subtract line 7 from line 6.
Line 9 - Initial Tax Line 9 - Initial Tax
Multiply line 8 by 4.5 percent (.045). This is the initial Utah corporate tax. Do not enter an amount less than zero.
Line 10 - Minimum TaxLine 10 - Minimum Tax The minimum tax for a real estate investment company is $100.
Line 11 - TaxLine 11 - Tax
Enter the larger of the tax on line 9 or the minimum tax on line 10. Carry this tax to line 2 of TC-20MC. Note: Attach a copy of your federal form 1120-REIT to your Utah return. X Part 3 - Homeowners Association with IRC Part 3 - Homeowners Association with IRC Section 528 IncomeSection 528 Income Remember to mark line 1 on TC-20MC showing this return is for a Homeowners Association. Line 1 - Taxable Income/LossLine 1 - Taxable Income/Loss Enter the taxable income/loss from federal form 1120-H, line 19. Add to this amount any COVID-19 Payroll Protection Program (PPP) grant or loan amount that: 1. was forgiven during the 2025 tax year, 2. is exempt from federal income tax, and 3. you used for expenses that you deducted on your federal tax return. If you own an interest in an LLC, partnership, S corporation or trust that received a PPP grant or loan meeting these requirements, include your distributed share on this line. (See the "Other Income" line of Utah Schedule K-1 received from the LLC, partnership, S corporation or trust.)
Line 2 - Tax Line 2 - Tax
Multiply line 1 by 4.5 percent (.045). This is the Utah corporate tax. Do not enter an amount less than zero. Carry this tax to line 2 of TC-20MC. A homeowners association is not subject to the $100 minimum tax. Homeowners associations fi ling federal form 1120-H and Utah TC-20MC are not allowed net operating loss deductions. Note: Attach a copy of your federal form 1120-H to your Utah return. X Part 4 - Unincorporated Exempt Organization Part 4 - Unincorporated Exempt Organization or Exempt Corporation having or Exempt Corporation having Unrelated Business IncomeUnrelated Business Income Remember to mark line 1 on TC-20MC showing this return is for an Unincorporated Exempt Organization or Exempt Corporation having Unrelated Business Income.
Line 2 - Apportionment FractionLine 2 - Apportionment Fraction
Enter 1.000000, or the fraction (decimal) from TC-20, Schedule J, line 9 or 10, if applicable. Note: Only the property, payroll and sales included in the computation of unrelated business income or directly related to the unrelated business income of an exempt organization may be included when apportioning income. Line 3 - Utah Taxable Income/LossLine 3 - Utah Taxable Income/Loss Multiply the unrelated business taxable income/loss on line 1 by the apportionment fraction on line 2. Utah taxable income for an exempt organization having unrelated business income begins with federal taxable income after deduction of any federal net operating loss. Consequently, Utah losses are not separately carried forward for these entities.
Line 4 - Tax Line 4 - Tax
Multiply line 3 by 4.5 percent (.045). This is the Utah corporate tax. Do not enter an amount less than zero. Carry this tax to line 2 of TC-20MC. An unincorporated exempt organization or an exempt corporation having unrelated business income is not subject to the $100 minimum tax. Note: Attach a copy of your federal form 990-T to your Utah return. X Part 5 - One-day Target Corporation with an Part 5 - One-day Target Corporation with an IRC Section 338 Election IRC Section 338 Election Remember to mark line 1 on TC-20MC showing this return is for a One-day Target Corporation with an IRC §338 Election. Line 1 - Gain/Loss on Deemed Sale of AssetsLine 1 - Gain/Loss on Deemed Sale of Assets Enter the gain or loss on the deemed sale of assets included in federal taxable income before any net operating loss from the target corporation. Add to this amount any COVID-19 Payroll Protection Program (PPP) grant or loan amount that: 1. was forgiven during the 2025 tax year, 2. is exempt from federal income tax, and 3. you used for expenses that you deducted on your federal tax return. If you own an interest in an LLC, partnership, S corporation or trust that received a PPP grant or loan meeting these requirements, include your distributed share on this line. (See the "Other Income" line of Utah Schedule K-1 received from the LLC, partnership, S corporation or trust.)
Line 2 - Apportionment FractionLine 2 - Apportionment Fraction
Enter the apportionment fraction of the target corporation. The gain or loss on the deemed sale of assets must be apportioned to Utah using the apportionment fraction, calculated to six decimals, of the target corporation. This fraction must be calculated on a separate entity basis for the most recent preceding tax year consisting of 180 days or more. Line 3 - Utah Apportioned Gain/LossLine 3 - Utah Apportioned Gain/Loss Multiply the gain/loss on deemed sale of assets on line 1 by the apportionment fraction on line 2.
Line 4 - Utah Net Loss Carried Forward from Line 4 - Utah Net Loss Carried Forward from
Prior YearsPrior Years Enter Utah net operating loss carried forward from the prior year. Losses may not exceed 80 percent of your Utah taxable income on line 3. Attach documentation to the return to support the losses. Line 5 - Utah Taxable Gain/LossLine 5 - Utah Taxable Gain/Loss Subtract line 4 from line 3.
Line 6 - Initial Tax Line 6 - Initial Tax
Multiply line 5 by 4.5 percent (.045). This is the initial Utah corporate tax. Do not enter an amount less than zero.
Line 7 - Minimum TaxLine 7 - Minimum Tax The minimum tax for a one-day target corporation is $100.
Line 8 - TaxLine 8 - Tax
Enter the larger of the tax on line 6 or the minimum tax on line 7. Carry this tax to line 2 of TC-20MC. Note: Attach a copy of your federal form 8023 to your Utah return.
112025 Utah TC-20MC Instructions
Schedule B - Refundable CreditsSchedule B - Refundable Credits
If you claim any of the following refundable credits, write the code and amount of each credit you are claiming on Schedule B. Add all the refundable credits and carry the total to TC-20MC, line 6. An explanation of each refundable credit is listed below. Use these codes on Schedule BUse these codes on Schedule B 39 Renewable Commercial Energy Systems Credit 43 Pass-through Entity Withholding Tax Credit 46 Mineral Production Withholding Tax Credit 47 Agricultural O ff -highway Gas/Undyed Diesel Fuel Credit 48 Farm Operation Hand Tools Credit (39) Renewable Commercial Energy Systems Credit(39) Renewable Commercial Energy Systems Credit (UCA §59-7-614) (UCA §59-7-614) Get form TC-40E, Renewable Residential and Commercial Energy Systems Tax Credits, from the Governor's O ffi ce of Energy Development with their certi fi cation stamp. Do not send this form with your return. Keep the form and all related documents with your records to provide the Tax Commission upon request. For more information, contact: Governor's O ffi ce of Energy Development (OED) PO Box 144845 Salt Lake City, UT 84114 801-538-8682
energy.utah.gov/renewable-energy- systems-tax-credit (43) Pass-through Entity Withholding Tax Credit(43) Pass-through Entity Withholding Tax Credit (UCA §59-7-614.4) (UCA §59-7-614.4) If a pass-through entity is required to withhold Utah income tax on any income attributable to this corporation under §59-10- 1403.2, the pass-through entity must provide a Utah Schedule K-1 showing the amount of Utah withholding paid on behalf of this corporation. Enter this amount as a refundable credit using code 43. Attach copies of Utah Schedule K-1(s) to the return to receive proper credit. (46) Mineral Production Withholding Tax Credit(46) Mineral Production Withholding Tax Credit (UCA §59-6-102) (UCA §59-6-102) Enter the total of the mineral production tax withheld as shown on forms TC-675R or Utah Schedule K-1(s) for the tax year. For a fi scal year corporation, the credit is claimed on the corporate return that is required to be fi led during the year following the December closing period of the form TC-675R. Attach copies of form TC-675R or Utah Schedule K-1(s) to the return. (47) Agricultural Off -Highway Gas/Undyed Diesel (47) Agricultural O ff -Highway Gas/Undyed Diesel Fuel CreditFuel Credit (UCA §59-13-202) (UCA §59-13-202) You may claim a credit of 38.5 cents per gallon for motor fuel and undyed diesel fuel bought in Utah during 2025 and used to operate stationary farm engines and self-propelled farm machinery used solely for commercial non-highway agricultural use if the fuel was taxed at the time it was bought. This does not include golf courses, horse racing, boat operations, highway seeding, vehicles registered for highway use, hobbies, personal farming and other non-agricultural use. Credit calculation: Credit calculation: Gallons _______ x .385 = Credit _______ There is no form for this credit. Keep all related documents with your records to provide the Tax Commission upon request. (48) Farm Operation Hand Tools Credit(48) Farm Operation Hand Tools Credit (UCA §59-7-614.1) (UCA §59-7-614.1) This credit is for sales and use tax paid on hand tools purchased and used or consumed primarily and directly in a farming operation in Utah. The credit only applies if the purchase price of a tool is more than $250. There is no form for this credit. Keep all related documents with your records to provide the Tax Commission upon request.
122025 Utah TC-20MC Instructions
Schedule E - Prepayments of Any TypeSchedule E - Prepayments of Any Type
Line 1 - Overpayment Applied from Prior YearLine 1 - Overpayment Applied from Prior Year
Enter the amount of any refund applied from the prior year to the current year's tax liability.
Line 2 - Extension PrepaymentLine 2 - Extension Prepayment
List the date and amount of any extension prepayment. Enter the check number if payment was not made electronically.
Line 3 - Other PrepaymentsLine 3 - Other Prepayments
List the date and amount of all prepayments made for the fi ling period. Enter the check number if payment was not made electronically. Enter the total amount on line 3. Attach additional pages, if necessary.
Line 4 - Total PrepaymentsLine 4 - Total Prepayments
Add lines 1, 2 and 3. Enter the total on this line and on TC- 20MC, line 7. TC-20, Schedule J - Apportionment Schedule TC-20, Schedule J - Apportionment Schedule Use TC-20, Schedule J to calculate the portion of the taxpayer's income attributable to Utah, if the taxpayer does business both within and outside of Utah. Complete TC-20, Schedule J to determine the apportionment fraction (decimal). The factors express a ratio for property in Utah to total property everywhere, for wages and salaries in Utah to total wages and salaries everywhere, and for sales in Utah to total sales everywhere. Use these factors or ratios to arrive at the Utah apportionment fraction calculated to six decimals. Then apply this fraction (decimal) to the apportionable income (or loss) on Schedule A to arrive at the amount of income (or loss) apportioned to Utah. In cases where one or more of the factors is omitted due to peculiar aspects of the business operations, use the number of factors present to determine the Utah apportionment fraction. Your economic activities, and your method of apportioning income in the previous year, dictate the apportionment method you may use.
Pass-through Entity TaxpayersPass-through Entity Taxpayers
Partners, shareholders and bene fi ciaries of pass-through entities (an entity taxed as a partnership, S corporation or trust) must include their pro rata share of the pass-through entity's property, payroll and sales in their calculation of the apportionment factor on TC-20, Schedule J, page 1. If a corporation holds direct and indirect ownership interests in tiered pass-through entities, it must include its pro rata share of the apportionment factors (property, payroll and sales) of the pass-through entities, applying the respective ownership percentages. For example, a corporation that holds 50 percent interest in Partnership A that in turn holds 20 percent interest in Partnership B would include 50 percent of the factors of Partnership A, and 10 percent (50 percent of 20 percent) of the factors of Partnership B. Apportionment MethodApportionment Method To determine if you must apportion income using the sales factor formula or if you qualify as an optional apportionment taxpayer, take into account the economic activities of each of the entities included in the return. Include the economic activities of any pass-through entities whose income and factors are included in the return. Sales Factor Weighted TaxpayersSales Factor Weighted Taxpayers A sales factor weighted taxpayer may only use the sales factor fraction to apportion income. You must use the sales factor formula if you: 1. apportioned income using the sales factor formula during the prior tax year,
132025 Utah TC-20MC Instructions 2. do not meet the de fi nition of an optional apportionment taxpayer (see instructions below), or 3. generate more than 50 percent of total sales everywhere from economic activities in any NAICS codes OTHER THAN these identifi ed NAICS codes: • Sector 21, Mining • Industry Group 2212, Natural Gas Distribution • Sector 31-33, Manufacturing EXCEPT: • Industry Group 3254, Pharmaceutical and Medicine Manufacturing • Industry Group 3333, Commercial and Service Industry Machinery Manufacturing • Subsector 334, Computer and Electronic Product Manufacturing • Code 336111, Automobile Manufacturing • Sector 48-49, Transportation and Warehousing • Sector 51, Information EXCEPT: • Subsector 519, Other Information Services • Sector 52, Finance and Insurance Report property and payroll factors on Schedule J, page 1, but do not use them to calculate the apportionment of sales factor weighted taxpayers. Sales factor weighted taxpayers must calculate the apportionment fraction on Schedule J, Page 2 using Part 2 - Sales Factor Formula. Optional Apportionment TaxpayersOptional Apportionment Taxpayers If you did not use the sales factor fraction in the prior year, and you do not generate more than 50 percent of total sales everywhere from economic activities in any NAICS codes OTHER THAN the identifi ed NAICS codes listed above, determine if you are an optional apportionment taxpayer by fi rst calculating the following two fractions: • Property factor fraction: Add together the value of property in Utah attributable to economic activities that are classi- fi ed in an excluded NAICS code. Divide this number by the value of all property in Utah. Remove property from this calculation if the property is attributable to economic activities in both excluded NAICS codes and non-excluded NAICS codes. • Payroll factor fraction: Add together the amount of payroll in Utah attributable to economic activities that are classi- fi ed in an excluded NAICS code. Divide this number by the total amount of payroll in Utah. A taxpayer engaged in activities in an excluded NAICS code must remove an individual's payroll from this calculation of the payroll factor fraction if the individual's payroll may be attributed to economic activities in both excluded NAICS codes and NAICS codes that are not excluded, or to providing management, information technology, fi nance, accounting, legal or human resource services. Add the property and payroll factor fractions and divide that sum by two. If either the property factor fraction or payroll factor fraction has a denominator of zero, or is otherwise excluded, divide by one. If the average is more than 50 percent, you are an optional apportionment taxpayer. If the average is not more than than 50 percent, you are not an optional apportionment taxpayer and must apportion income to Utah using the sales factor. Optional apportionment taxpayers may calculate the apportionment fraction using either the equally-weighted three factor formula (Schedule J, Part 1) or the sales factor formula (Schedule J, Part 2). If you choose to use the sales factor formula, you must fi le using only the sales factor in the next tax year. Excluded NAICS codes are NAICS codes of the 2017 North American Industry Classifi cation System within: • Code 211120, Crude Petroleum Extraction • Industry Group 2121, Coal Mining • Industry Group 2212, Natural Gas Distribution • Subsector 311, Food Manufacturing • Industry Group 3121, Beverage Manufacturing • Code 327310, Cement Manufacturing • Subsector 482, Rail Transportation • Code 512110, Motion Picture and Video Production • Subsector 515, Broadcasting (except Internet) • Code 522110, Commercial Banking Line InstructionsLine Instructions Business ActivityBusiness Activity Briefl y describe the nature and location(s) of your Utah business activities in the space provided at the top of this schedule. Lines 1a - 1f - Property Factor Show the average cost value during the tax year of real and tangible personal property used in the business within Utah (including leased property) in column A and overall (including Utah) in column B. Property you own is valued at its original cost. Property you rent is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate you pay less the annual rate you receive from sub-rentals. The average value of property must be determined by averaging the cost values at the beginning and end of the tax period. However, monthly values may be used or required if monthly averaging more clearly refl ects your property's average value. Attach a supporting schedule whenever you use monthly averaging. If you are a pass-through entity taxpayer, add to line 1e any amounts listed on line J of any TC-65 Schedule K-1 you have received. Enter totals of lines 1a through 1e in the respective columns on line 1f.
Line 2 - Property Factor CalculationLine 2 - Property Factor Calculation
Determine the property factor (decimal) by dividing line 1f, column A by line 1f, column B.
Line 3 - Payroll FactorLine 3 - Payroll Factor
Wages, salaries, commissions and other includable compensation paid to employees for personal services must be included in the Utah factor to the extent the services, for which the compensation was paid, were rendered in Utah. Compensation is paid in Utah if: 1. the individual's service is performed entirely within Utah;
142025 Utah TC-20MC Instructions 2. the individual's service is performed both within and outside Utah, but the service performed outside Utah is incidental to the individual's service within Utah; or 3. some of the service is performed in Utah and: a. the base of operations or, if there is no base of operations, the place where the service is directed or controlled, is within Utah; or b. the base of operations or the place where the service is directed or controlled is not in any state where some part of the service is performed, but the individual's residence is in Utah. Amounts reportable for employment security purposes may ordinarily be used to determine the wage factor. Overall wages, including Utah, are listed in column B. If you are a pass-through entity taxpayer, add to line 3a any amounts listed on line K of any TC-65 Schedule K-1 you have received.
Line 4 - Payroll Factor CalculationLine 4 - Payroll Factor Calculation
Determine the payroll factor (decimal) by dividing line 3a, column A by line 3a, column B. Lines 5a - 5h - Sales Factor The sales factor is the fraction the sales or charges for services within Utah for the tax year bear to the overall sales for the tax year. Gross receipts from the performance of services in Utah are assigned to the Utah sales numerator if the purchaser of the service receives a greater bene fi t of the service in Utah than in any other state. Taxpayers that perform a service both in and outside Utah must include service income on line 5g in column A (Inside Utah) if the purchaser of the service receives a greater benefi t of the service in Utah than in any other state. The former "cost of performance" method no longer applies. (See UCA §59-7-319(3)(a).) Sales of tangible personal property are in Utah if the property is delivered or shipped to a purchaser within Utah regardless of the F.O.B. point or other conditions of the sale, or if the property is shipped from an offi ce, store, warehouse, factory or other place of storage in Utah and: 1. the purchaser is the United States Government, or 2. the taxpayer is not taxable in the state of the purchaser. Overall sales, including Utah, are listed in column B. Note: Securities brokerage businesses must follow the provisions in UCA §59-7-319(6). If you are a pass-through entity taxpayer, add to line 5g any amounts listed on line L of any TC-65 Schedule K-1 you have received. Enter totals of lines 5a through 5g in their respective columns on line 5h.
Line 6 - Sales Factor CalculationLine 6 - Sales Factor Calculation
Determine the sales factor (decimal) by dividing line 5h, column A by line 5h, column B. NAICS Code for TaxpayerNAICS Code for Taxpayer
Line 7 - NAICS CodeLine 7 - NAICS Code
This is a mandatory fi eld. Your NAICS code may dictate your apportionment method. Enter on line 7 the NAICS code for the primary business activity. Do not use the holding company NAICS code. Apportionment FractionApportionment Fraction X Part 1 - Equally-Weighted Three Factor Part 1 - Equally-Weighted Three Factor FormulaFormula If you are an optional apportionment taxpayer using the equally-weighted three factor formula, complete lines 8 and 9. Otherwise, leave lines 8 and 9 blank.
Line 8 - Total FactorsLine 8 - Total Factors Enter the sum of the factors from lines 2, 4 and 6.
Line 9 - Apportionment FractionLine 9 - Apportionment Fraction
Calculate the apportionment fraction to six decimals by dividing line 8 by the number of factors used (typically 3 - property, payroll and sales). • If one or more of the factors are not present (i.e., there is a zero in the denominator on lines 1f, 3a or 5h in column B), divide by the number of factors present. • If the numerator is zero, but a denominator is present, include that factor in the number of factors present. Enter the apportionment fraction (decimal) here and on Schedule A. X Part 2 - Sales Factor Formula Part 2 - Sales Factor Formula See instructions above for the de fi nition and quali fi cations of a taxpayer who must apportion income using the sales factor formula. Leave line 10 blank if you are using the equally-weighted three-factor formula.
Line 10 - Apportionment FractionLine 10 - Apportionment Fraction
Enter the sales factor from line 6 of Schedule J, page 1. This is the apportionment fraction for this apportionment method. (Property and payroll factors are not used in the calculation of the apportionment fraction for taxpayers who must apportion income using the sales factor formula.) Enter the apportionment fraction (decimal) here and on Schedule A. Specialized Apportionment Specialized Apportionment Laws and RulesLaws and Rules Specialized apportionment procedures apply for: • Trucking Companies (R865-6F-19) • Railroads (R865-6F-29) • Publishing Companies (R865-6F-31) • Financial Institutions (R865-6F-32) • Telecommunications (R865-6F-33) • Registered Securities or Commodities Broker or Dealer (R865-6F-36) • Airlines (UCA §§59-7-312 thru 319) • Sale of Management, Distribution or Administration Services to or on Behalf of a Regulated Investment Company (UCA §59-7-319(5))
152025 Utah TC-20MC Instructions Corporation/Partnership Payment Coupon Rev. 11/16 Make check or money order payable to the Utah State Tax Commission. Do not send cash. Do not staple check to coupon. Detach check stub. Mail to: Utah State Tax Commission, 210 N 1950 W, SLC UT 84134-0180 Tax year ending (mm/dd/yyyy) C P T SEPARATE AND RETURN ONLY THE BOTTOM COUPON WITH PAYMENT. KEEP TOP PORTION FOR YOUR RECORDS. Make check or money order payable to the Utah State Tax Commission. Do not send cash. Do not staple check to coupon. Detach check stub. Name of corporation/partnership Address City State Zip code EIN Payment amount enclosed 00$ Payment Coupon Use payment coupon TC-559 to make the following corporate/partnership tax payments: 1) Estimated tax payments 2) Extension payments 3) Return payments Mark the circle on the coupon that shows the type of payment you are making. Corporation Estimated Tax Requirements Every corporation with a tax liability of $3,000 or more in the current or previous tax year must make quarterly estimated tax payments. A parent company filing a combined report must make the payment when the total tax is $3,000 or more for all affiliated companies, including those that pay only the minimum tax. A corporation does not have to make estimated tax payments the first year it is required to file a Utah return if it makes a payment on or before the due date, without extension, equal to or greater than the minimum tax. Estimated tax payments are due in four equal payments on the 15th day of the 4th, 6th, 9th and 12th months of the entity's taxable year. Y ou may make quarterly payments equal to 90 percent of the current year tax or 100 percent of the previous year tax. A corporation that had a tax liability of $100 (the minimum tax) for the previous year may prepay the minimum tax amount of $100 on the 15th day of the 12th month instead of making four $25 payments. The Tax Commission will charge an underpayment penalty to entities that fail to make or underpay the required estimated tax. Extension Payment Requirements A corporation/partnership has an automatic filing extension if it makes the necessary extension payment by the return due date. The estimated tax payments must equal at least the lesser of: 1) 90 percent of the current year tax liability (or the $100 corporation minimum tax, if greater), or 2) 100 percent of the previous-year tax liability. The remaining tax, plus any penalty and interest, is due when the return is filed. Note: A pass-through entity (partnership or S corporation) must pay 100 percent of any pass-through withholding by the original due date to avoid penalties and interest.
Penalties and Interest
If your tax payments do not equal the lesser of 90 percent of the current-year tax liability ($100 minimum tax for corporations) or 100 percent of the previous-year tax liability, we will assess a penalty of 2 percent of the unpaid tax for each month of the extension period. We will assess a late filing penalty if you file the return after the extension due date. We will assess interest at the legal rate from the original due date until paid in full. See Pub 58, Utah Interest and Penalties, at tax.utah.gov/forms.
Where to File
Send your payment coupon and payment to : Corporate/Partnership Tax Payment 210 N 1950 W Salt Lake City, UT 84134-0180 Electronic Payment Y ou may make estimated tax, extension and return payments at tap.utah.gov. Estimated payment: 1st qtr. 3rd qtr. Extension payment 2nd qtr. 4th qtr. Return payment /gid00022/gid00047/gid00028/gid00035/gid00001/gid00020/gid00047/gid00028/gid00047/gid00032/gid00001/gid00021/gid00028/gid00051/gid00001/gid00004/gid00042/gid00040/gid00040/gid00036/gid00046/gid00046/gid00036/gid00042/gid00041 /gid00004/gid00042/gid00045/gid00043/gid00042/gid00045/gid00028/gid00047/gid00032/gid00193/gid00017/gid00028/gid00045/gid00047/gid00041/gid00032/gid00045/gid00046/gid00035/gid00036/gid00043/gid00001/gid00017/gid00028/gid00052/gid00040/gid00032/gid00041/gid00047/gid00001/gid00004/gid00042/gid00048/gid00043/gid00042/gid00041 /gid00021/gid00004/gid00183/gid00136/gid00136/gid00140 /gid00019/gid00032/gid00049/gid00163/gid00001/gid00132/gid00132/gid00193/gid00132/gid00137 /gid00047/gid00028/gid00051/gid00163/gid00048/gid00047/gid00028/gid00035/gid00163/gid00034/gid00042/gid00049 TC-559, Corporation/ Partnership Payment Coupon
Source: official text