TC-559 — Corporation Franchise Tax Payment Coupon (with instructions)

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. 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:

1. 90 percent of the current year tax liability

(or the $100 corporation minimum tax, if greater), or

1. 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.
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# 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.
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IMPORTANT: To protect your privacy, use the "Clear form" button when you are finished.