TC-20MC Instructions — Tax Return for Misc. Corporations

UTAH
Forms and
Instructions

# Corporations

Utah State Tax Commission • 210 North 1950 West • Salt Lake City, Utah 84134 • tax.utah.gov

# Contents

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
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: t tap.utah.gov

Pay by e-check or credit card.
Manage your Utah tax account.
Request payment plans. t tax.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.
Cover art by Randolph Prawitt
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.

# General Instructions and Information

What's New
What'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.

# Reminders

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 beneﬁ 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.

# Returns

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 tax.utah.gov/developers/mef.

# Corporation Identiﬁ cation Numbers

The corporation's federal Employer Identiﬁ 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

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 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 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 Numbers

When reporting losses or other negative numbers, do not use parentheses. Always indicate a negative number with a minus sign (-).

# Who 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 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)

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)

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.

# Unrelated 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)

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 File

Mail your return to:
210 N 1950 W
Salt Lake City, UT 84134-0300

# Tax 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 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 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 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 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

(Does not apply to One-day Target Corporations electing under Section 338)

# 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.

# Quarterly 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
Installment Percentage
Percentage
1st 22.5
2nd 45.0
3rd 67.5
4th 90.0
If you use a diﬀ 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.

# Penalties

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 suﬃ 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 Tax

Annualized Exception
Annualized 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 Exception
Recurring 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 Requirement
Prepayment 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 (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 tax.utah.gov/forms.

# Suspension 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:

complete form TC-804B, Business Tax Payment Agreement Request (tax.utah.gov/forms), or
call the Tax Commission at 801-297-7703 or 1-800-662-4335 ext. 7703.

# 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.

# Online

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.

# Check 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.

TC-20MC - Utah Tax Return for Miscellaneous TC-20MC - Utah Tax Return for Miscellaneous

# Filing 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 Address

Enter the corporation name, address and telephone number, including area code. If the address has changed, see Corporation Changes on page 1.

# Zip Code

Enter your ZIP Code, including the "plus four" at the end, without a hyphen.

# Foreign 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.

# Qualiﬁ cation Number

Enter your Federal EIN and Utah Incorporation/Qualiﬁ cation Number issued by the Department of Commerce in the appropriate ﬁ elds.

# Amended 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 tax.utah.gov/forms-pubs/previousyears.
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 aﬀ 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 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 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

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 Instructions

Line 1 - Corporation Return Type Line 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).

Line 2 - Tax
Line 2 - Tax
Use Tax Rate Chart (Effective Dec. 31, 2025) Enter the amount of tax calculated in the applicable part on Schedule A. .0845 Conv. Centr. Zone, Fairpark .0635 Beaver County .0735 Beaver City, UIPA Min. Mt - Dist., Inland Port SLC, Beaver City Salt Lake City, SLC Conv.
You MUST complete and attach TC-20MC, Schedule A. Attach .0665 Box Elder County Hotel, SLC HTRZ .0695 Brigham City, Mantua, Perry, only the page of Schedule A (page 1 or page 2) that applies .1005 MIDA MVP - SLC Willard, MIDA NG - Brigham, .0635 San Juan County to your corporation. See instructions on page 8.
Line 3 - Utah Use Tax
Line 3 - Utah Use Tax .0675 Blanding, Monticello UIPA GS - Brigham .0745 Bluff .0765 Snowville .0635 Sanpete County .0700 Cache County .0645 Centerfield, Mayfield .0725 Cache Valley Transit, Hyde Use tax is a tax on goods and taxable services purchased .0675 Ephraim, Fairview, Gunnison, Park, Lewiston, Millville for use, storage or other consumption in Utah. Use tax ap-Hyrum, Logan, Nibley, N. Logan, Mt. Pleasant, .0730 Providence, Richmond, River MIDA NG - Mt. Pleasant plies only if sales tax was not paid at the time of purchase. If .0665 Manti, Sterling, MIDA NG - Manti Heights, Smithfield, you purchased an item from an out-of-state seller, including .0665 Sevier County MIDA NG - Logan Internet, catalog, radio and TV purchases, and the seller did .0675 Aurora, Redmond .0635 Carbon County .0695 Koosharem, Monroe not collect sales tax on that purchase, you must pay the use tax directly to the Tax Commission. .0645 Helper .0705 Richfield, Salina, .0675 Price MIDA NG - Richfield .0665 Wellington, .0765 Summit County If you have a Utah sales tax license/account, report the use UIPA CC - Wellington .0955 Park City .0765 Daggett County tax on your sales tax return. If you do not have a Utah sales .0795 Snyderville Basin Transit .0875 Dutch John tax license/account, report the use tax on line 3 of TC-20MC. .0660 Tooele County .0715 Davis County .0690 Erda, Lakepoint City, Lakepoint .0725 Bountiful, Centerville, Clearfield, You may take a credit for sales or use tax paid to another state Transit, Lincoln, Stansbury Park Clinton, Farmington, Kaysville, (but not a foreign country). If the other state's tax rate is lower .0700 Grantsville, Tooele City, Layton, N. Salt Lake, S. Weber, MIDA NG - Tooele City, than Utah's, you must pay the diﬀ erence. If the other state's Syracuse, W. Bountiful, UIPA Twenty Wells Woods Cross tax rate is more than Utah's, no credit or refund is given. If .0645 Uintah County .0635 Duchesne County sales tax was paid to more than one state, complete the Use .0695 Naples, Vernal .0645 Duchesne City Tax Worksheet below for each state. Add lines 8 on all work- .0735 Utah County .0675 Roosevelt .0745 Alpine, American Fork, Cedar sheets and enter the total on line 3 of TC-20MC. .0635 Emery County Hills, Highland, Lehi, Lindon, .0825 Green River, UIPA CC - Gr. River Sales and use tax rates vary throughout Utah. Use the Use Mapleton, MIDA NG - Lehi, .0735 Garfield County MIDA NG - American Fork, .0835 Boulder, Panguitch, Tropic Tax Rate Chart below to get the rate for the location where .0855 Bryce Canyon MIDA NG - Spanish Fork, Orem, the merchandise was delivered, stored, used or consumed. .0845 Escalante, Hatch Payson, Pleasant Grove, Provo, Use the county tax rate if the city is not listed. .0685 Grand County Santaquin, Saratoga Springs, .0885 Moab Spanish Fork, Springville, Grocery food bought through the Internet or catalog is taxed .0665 Iron County Vineyard, ULA Lehi, ULA at 3 percent. The grocery food must be sold for ingestion .0865 Brian Head Lindon, ULA Provo, ULA .0675 Cedar City, Parowan, or chewing by humans and consumed for the substance's Vineyard, Vineyard HTRZ MIDA NG - Cedar City .0895 MIDA MVP - Ut. Co. taste or nutritional value. The reduced rate does not apply to .0665 Juab County .0725 Wasatch County alcoholic beverages or tobacco. See Pub 25, Sales and Use Tax, at tax.utah.gov/forms. .0695 Eureka .0755 Heber .0705 Mona, Nephi .0835 Independence, Mil. Rec. .0700 Santaquin South Wasatch, Mil. Rec. Hideout, .0735 Kane County
Mil. Rec. MWR Hotel, .0845 Kanab
Mil. Rec. GAEC PID .0835 Orderville
Use Tax Worksheet
Use Tax Worksheet .0865 Midway .0635 Millard County .0915 Park City East

Amount of purchases (except grocery food) subject to use tax
Use tax rate

(decimal from Use Tax Rate Chart)

Multiply line 1 by line 2
Amount of grocery food purchases subject to use tax
Multiply line 4 by 3% (.03)
Add line 3 and line 5
Credit for sales tax paid to another state on use tax purchases
Use tax due (subtract line 7 from line 6) (If less than zero, enter "0.") .0675 Fillmore, MIDA NG - Fillmore, .0645 Washington County 1 __ UIPA HC - Fillmore .0675 Hurricane, Ivins, La Verkin, .0665 Scipio

St. George, Santa Clara, .0670 Morgan County Washington City, 2 . .0695 Morgan City MIDA NG - St. George .0635 Piute County 3 _ .0805 Springdale .0665 Rich County .0745 Virgin .0825 Garden City .0765 Wayne County .0745 Salt Lake County 4 .0795 Bicknell, Loa, Torrey .0905 Alta .0725 Weber County .0855 Brighton 5 .0745 Falcon Hill Riverdale, Riverdale .0765 Murray, So. S.L., So. S.L. HTRZ .0825 Huntsville 6 7 _ Line 4 - Current Year IRC §965(a) Installment Line 4 - Current Year IRC §965(a) Installment

# Amount

8 __
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.

Installment Table
Installment 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 Tax Line 5 - Total Tax Add lines 2, 3 and 4.
Line 6 - Refundable Credits
Line 6 - Refundable Credits
Enter the total of the refundable credits listed on Schedule B.
Line 7 - Prepayments from Schedule E Line 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 Only Line 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

# Prepayments

Add lines 6 through 8.
Line 10 - Tax Due
Line 10 - Tax Due
If line 5 is larger than line 9, subtract line 9 from line 5.
Line 11 - Penalties and Interest Line 11 - Penalties and Interest Enter any penalties and interest that apply to this return.
Line 12 - Total Due - Pay This Amount Line 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 - Overpayment
Line 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 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 - Refund
Line 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 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 Line

Sign and date the return. We will not issue a refund without a signature.

# Paid 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 Preparer

The paid preparer must enter his or her name, address and PTIN in the section below the corporate oﬃ cer's signature on the return.

# Preparer 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).

# Supplied 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/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:

was forgiven during the 2025 tax year,
is exempt from federal income tax, and
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 Interest Line 2 - Municipal Interest Enter any municipal interest as determined by IRC §852(b)(2).
Line 3 - Exclusion of Net Capital Gain Line 3 - Exclusion of Net Capital Gain Enter any net capital gain exclusion as determined by IRC §852(b)(2).
Line 4 - Net Taxable Income
Line 4 - Net Taxable Income
Add lines 1 through 3.
Line 5 - Deduction for Capital Gain Dividends Line 5 - Deduction for Capital Gain Dividends Enter any deduction for capital gain dividends as deﬁ ned in IRC §852(b)(3)(C).
Line 6 - Exempt Interest Dividends Line 6 - Exempt Interest Dividends Enter any exempt interest dividends as deﬁ ned in IRC §852(b) (5).
Line 7 - Utah Taxable Income/Loss Line 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 Tax
Line 9 - Minimum Tax
The minimum tax for a regulated investment company is $100.
Line 10 - Tax
Line 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.

Line 1 - REIT Taxable Income/Loss Line 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:

was forgiven during the 2025 tax year,
is exempt from federal income tax, and
you used for expenses that you deducted on your federal tax return.

# Line 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

# Deduction

Enter any federal net operating loss deduction from federal form 1120-REIT, line 22a.
Line 4 - Apportionable Income/Loss Line 4 - Apportionable Income/Loss Add lines 1 through 3.
Line 5 - Apportionment Fraction Line 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/Loss Line 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 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/Loss Line 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 Tax
Line 10 - Minimum Tax
The minimum tax for a real estate investment company is $100.
Line 11 - Tax
Line 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 Income Section 528 Income Remember to mark line 1 on TC-20MC showing this return is for a Homeowners Association.
Line 1 - Taxable Income/Loss Line 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:

was forgiven during the 2025 tax year,
is exempt from federal income tax, and
you used for expenses that you deducted on your federal tax return.

# Unrelated 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 1 - Unrelated Business Taxable Line 1 - Unrelated Business Taxable

# Income/Loss

Enter the unrelated business taxable income/loss from federal form 990-T, line 11.
Add to this amount any COVID-19 Payroll Protection Program
(PPP) grant or loan amount that:

was forgiven during the 2025 tax year,
is exempt from federal income tax, and
you used for expenses that you deducted on your federal tax return.

Line 2 - Apportionment Fraction Line 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/Loss Line 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 Assets Line 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:

was forgiven during the 2025 tax year,
is exempt from federal income tax, and
you used for expenses that you deducted on your federal tax return.

# Prior 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/Loss Line 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 Tax
Line 7 - Minimum Tax
The minimum tax for a one-day target corporation is $100.
Line 8 - Tax
Line 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.

Schedule B - Refundable Credits Schedule 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 B
Use 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 Oﬀ -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 Oﬃ ce of Energy Development with their certiﬁ 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 Oﬃ ce of Energy Development (OED) PO Box 144845 Salt Lake City, UT 84114 801-538-8682 energy.utah.gov/renewable-energysystems-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 Oﬀ -Highway Gas/Undyed Diesel
Fuel Credit
Fuel 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)
(48) Farm Operation Hand Tools Credit

# 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.

Schedule E - Prepayments of Any Type

Line 1 - Overpayment Applied from Prior Year

# Line 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 Prepayment

# Line 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 Prepayments

# Line 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 Prepayments

# Line 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 Taxpayers

Partners, shareholders and beneﬁ 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 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 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:

apportioned income using the sales factor formula during the prior tax year, 2. do not meet the deﬁ nition of an optional apportionment taxpayer (see instructions below), or
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 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

# Business 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 Calculation Line 2 - Property Factor Calculation Determine the property factor (decimal) by dividing line 1f, column A by line 1f, column B.
Line 3 - Payroll Factor
Line 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:

the individual's service is performed entirely within Utah;
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
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 Calculation Line 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 beneﬁ 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:

the purchaser is the United States Government, or
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 Calculation Line 6 - Sales Factor Calculation Determine the sales factor (decimal) by dividing line 5h, column A by line 5h, column B.

# NAICS Code for Taxpayer

Line 7 - NAICS Code
Line 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 Fraction

X Part 1 - Equally-Weighted Three Factor Part 1 - Equally-Weighted Three Factor Formula Formula If you are an optional apportionment taxpayer using the equally-weighted three factor formula, complete lines 8 and

Otherwise, leave lines 8 and 9 blank.

Line 8 - Total Factors
Line 8 - Total Factors
Enter the sum of the factors from lines 2, 4 and 6.
Line 9 - Apportionment Fraction Line 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 deﬁ nition and qualiﬁ 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 Fraction Line 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.

# Laws 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))

# Payment Coupon

Use payment coupon TC-559 to make the following corporate/partnership tax payments:

Estimated tax payments
Extension payments
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. You 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:

90 percent of the current year tax liability (or the $100 corporation minimum tax, if greater), or
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
You may make estimated tax, extension and return payments at tap.utah.gov.
SEPARATE AND RETURN ONLY THE BOTTOM COUPON WITH PAYMENT. KEEP TOP PORTION FOR YOUR RECORDS.

# Corporation/Partnership

Mail to: Utah State Tax Commission, 210 N 1950 W, SLC UT 84134-0180

# Payment Coupon

Estimated payment:
Rev. 11/16
3rd qtr.
1st qtr.
Tax year ending (mm/dd/yyyy) Extension payment 4th qtr.
2nd qtr. Return payment
EIN
Name of corporation/partnership Address City C P T State Zip code $
Payment amount enclosed
Make check or money order payable to the Utah State Tax Commission.
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.
Do not send cash. Do not staple check to coupon. Detach check stub.